Identifying the Strategic Issues a Company Faces and Compiling a "Worry

question 131

Multiple Choice

Identifying the strategic issues a company faces and compiling a "worry list" of problems and roadblocks is an important component of company situation analysis because:

• A) without a precise fix on what problems/issues a company confronts,managers cannot know what the industry's key success factors are.
• B) the "worry list" sets the management agenda for taking actions to improve the company's performance and business outlook.
• C) without a precise fix on what problems/roadblocks a company confronts,managers are less clear about what value chain activities to benchmark.
• D) the "worry list" helps company managers clarify their thinking about how best to modify the company's value chain.
• E) these issues and obstacles must be cleared before management can focus clearly on what is the best strategy for the company to pursue.

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Definitions:

Variable-Interval Reinforcement

A reinforcement schedule in which a response is rewarded after an unpredictable amount of time has passed.

Continuous Reinforcement

A learning schedule in which every correct response is followed by a reward, thus reinforcing the behavior consistently.

Partial Reinforcement

A conditioning schedule where only some responses are reinforced, leading to greater resistance to extinction.

Fixed-Interval Reinforcement

A schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed, creating a patterned response rate.