What Are Porter's Three Generic Strategies

question 313

Multiple Choice

What are Porter's Three Generic Strategies?

• A) Evaluates an organization's strengths,weaknesses,opportunities,and threats to identify significant influences that work for or against business strategies
• B) Analyzes the competitive forces within the environment in which a company operates to assess the potential for profitability in an industry
• C) Views a firm as a series of business processes,each of which adds value to the product or service
• D) Generic business strategies that are neither organization nor industry specific and can be applied to any business,product,or service

Understand the enforcement of collective agreements and the arbitration process for resolving disputes arising from these agreements.

Recognize the importance of mediation and conciliation in resolving labor disputes and the role of third parties in this process.

Understand the legal considerations and obligations for employers in preventing and addressing workplace harassment.

Comprehend the legal basis and implications of restrictive covenants in employment contracts.

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Definitions:

Goal

A desired outcome or target that an individual or group aims to achieve through their actions or efforts.

High-Level

Pertains to concepts, processes, or operations that are abstract, complex, or involve overarching principles or ideas.

Low-Level

Used to describe basic or foundational components or processes that operate at a rudimentary or simple stage.

Autonomy

The capacity to make an informed, uncoerced decision independently, signifying self-governance or freedom.