Scenarios Are Designed to Assist Managers

question 77

Multiple Choice

Scenarios are designed to assist managers:

• A) in becoming aware of the critical elements of the external forces.
• B) in brainstorming various "what-if" situations.
• C) in preparing budgets.
• D) all of the above.
• E) two of A, B, and C.

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Definitions:

HR Strategy

A detailed plan by the human resources department focusing on long-term workforce management and development to align with the organization's goals.

Internal Fit

The degree to which an organization's internal strategies, systems, and processes are aligned and consistent with each other.

Competitive Business Strategies

Approaches undertaken by businesses to gain a competitive edge in the market, focusing on pricing, product differentiation, market segmentation, and customer service.

Market Niche

A focused, targetable portion of a market defined by unique preferences or needs that distinguish it from the market at large.