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What Is the Relevance of Quantitatively Measuring the Competitive Strength

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Essay

What is 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?


Definitions:

Extrinsic Motivation

Extrinsic motivation is driven by external rewards such as money, fame, grades, or praise, influencing an individual's behavior towards achieving a goal.

External Reward

A reward that comes from outside an individual, such as money, praise, or awards, used to motivate behavior.

Activity Pursuit

The involvement and engagement in tasks or activities that are aimed at achieving specific goals or fulfilling interests.

Intrinsic Motivation

The drive to perform an activity for its inherent satisfaction rather than for some separable consequence.

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