Driving Forces Analysis

question 134

Multiple Choice

Driving forces analysis:

• A) has speculative value because it compels the firm to drive strategic intent and collective choice into operating practices.
• B) has theoretical value because it allows managers to visualize the many different dimensions of the preferred forces that allow for industry functionality.
• C) has 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) has 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) All of these.

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Definitions:

Flattering Descriptions

Positive and often exaggerated comments that make someone or something seem better or more attractive than they are in reality.

Self-serving Bias

A common cognitive bias that causes individuals to perceive situations and interpret information in a way that benefits them or supports their pre-existing beliefs or interests.

Secure Self-esteem

A stable and positive evaluation of oneself, characterized by confidence and a sense of security in one's worth and abilities, regardless of external validation.

Free Association

A psychoanalytic technique where the patient speaks freely to uncover repressed thoughts and feelings.