Mission, Goals, External Analysis, Internal Analysis, and Strategic Choices Are

question 66

Multiple Choice

Mission, goals, external analysis, internal analysis, and strategic choices are the five major components of the strategic management process that are relevant to:

• A)recruitment.
• B)strategy formulation.
• C)selection.
• D)job designing.
• E)strategy implementation.

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Definitions:

Factor Analysis

A statistical method used to describe variability among observed, correlated variables in terms of potentially lower unobserved variables, called factors.

Practical Intelligence

Intelligence that involves the ability to solve everyday problems through learned, rather than innate, capabilities.

Analytical Intelligence

A facet of intelligence that involves the ability to analyze, evaluate, judge, compare, and contrast.

Creative Ideas

Novel and useful concepts or solutions generated by thinking outside the traditional frameworks.