Explain the Motivation Process and the Three Factors Affecting Performance

question 52

Essay

Explain the motivation process and the three factors affecting performance.

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Definitions:

Generic Business Strategy

A strategy that can be adopted by any firm, regardless of the product or industry involved, to achieve a competitive advantage.

Competitive Advantage

The edge a business has over its competitors, allowing it to generate greater sales or margins and/or retain more customers.

Marketing Efficiencies

Strategies or actions that maximize the effectiveness of marketing efforts with the least amount of waste in resources.

R&D-Manufacturing Efficiencies

Enhancements and optimizations in the research and development and manufacturing processes to improve productivity and reduce costs.