All of the Following Are Common Tools Used in Industry

question 164

Multiple Choice

All of the following are common tools used in industry to analyze and develop competitive advantages, except ________.

• A) Five Forces Model
• B) Three Generic Strategies
• C) Competitive analysis model
• D) Value chain analysis

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Definitions:

Controlling

The management function that involves monitoring performance, comparing it with goals, and taking corrective action as needed.

Organizational Policies

Guidelines and rules set by a company to dictate and guide behavior and decision-making within the organization.

Individual Performance

The measure of an employee's effectiveness, efficiency, and quality of work in fulfilling specific job duties.

Feedforward Control

A method in management and systems theory where future system states are anticipated and actions are taken in advance to ensure organizational goals are achieved.