Briefly Explain the Relevance of Quantitatively Measuring the Competitive Strength

question 89

Essay

Briefly explain the relevance of quantitatively measuring the competitive strength of each business in a diversified company's business portfolio and determining which business units are strongest and weakest. List the six steps involved in the process.

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Definitions:

John Porter

A Canadian sociologist best known for his significant contributions to the study of social stratification, class, and mobility, especially through his seminal work "The Vertical Mosaic."

Multicultural Policy

A directive or approach adopted by an organization or government to respect and cater to the diverse cultural backgrounds within a society.

Cultural Diversity

The presence of a variety of cultural or ethnic groups within a society, contributing to a range of experiences, values, and worldviews.

Equity and Inclusion

Principles aimed at ensuring fair treatment, access, opportunity, and advancement for all individuals, while striving to identify and eliminate barriers that have prevented the full participation of some groups.