Driving-Forces Analysis Has

question 135

Multiple Choice

Driving-forces analysis has

• A)speculative value because it compels the firm to drive strategic intent and collective choice into operating practices.
• B)theoretical value because it allows managers to visualize the many different dimensions of the preferred forces that allow for industry functionality.
• C)practical value and is basic to the task of thinking strategically about where the industry is headed and how to prepare for the changes ahead.
• D)no real analytical value because the driving forces are already established in the marketplace and it is too late to make astute and timely strategy adjustments.
• E)perceived value and is associated with identifying the close and distant rivals within an operating industry.

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Definitions:

Autonomy

The degree of independence and freedom of choice an individual or entity has.

Confidence

The belief in one's abilities, qualities, and judgment.

Malpractice Insurance

A form of professional liability insurance that protects healthcare providers and other professionals against claims of improper practice or negligence.

Substandard Care

Substandard care refers to medical or health care that falls below the professionally accepted standards, often leading to harm or injury to patients.