Strategy Formulation Is the Process of _____

question 102

Multiple Choice

Strategy formulation is the process of _____.

• A)gaining information about competition and then selecting which information to react to
• B)choosing among different strategies and altering them to best fit the organization
• C)strategically controlling your employees' actions
• D)selecting the correct employees that best fit the organization
• E)developing a strong diversity plan

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Definitions:

Contingency Theory

A leadership theory that suggests the effectiveness of a leader is contingent upon how well the leader's style matches the context or situation.

Consumer Taste

Refers to the preferences, likes, and dislikes of customers that influence their buying behavior.

Behavioural Management Approaches

These approaches focus on understanding and influencing employee behavior through various techniques and strategies.

Labour Laws

Regulations that govern the relationship between workers, employers, trade unions, and the government, including aspects such as wages, working hours, and workplace safety.