A Company Needs Performance Targets or Objectives

question 9

Multiple Choice

A company needs performance targets or objectives

• A)for its operations as a whole and for each of its separate businesses,product lines,functional departments,and individual work units.
• B)because they provide parameters for the company's strategy map.
• C)to unify the company's strategic vision and business model.
• D)to help guide managers in deciding what strategic path to take in the event that a strategic inflection point is encountered.
• E)to prevent lower-level organizational units from establishing their own objectives.

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Definitions:

Global Stratification

The unequal distribution of resources and positions across different nations and cultures on a global scale.

Environmental Effects

The impact of human activities on the natural environment, often concerning pollution, habitat destruction, and climate change.

Dependency Theory

A theory that suggests developing nations remain impoverished and dependent due to the exploitation and influence of developed nations.

World Stratification

This term describes the hierarchical layering of countries, often based on economic status, such as developed, developing, and underdeveloped, highlighting global inequalities.