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Competitive Intelligence,SWOT Analysis,forecasting,benchmarking,and Porter's Five Competitive Forces Are All Tools

question 117

True/False

Competitive intelligence,SWOT analysis,forecasting,benchmarking,and Porter's five competitive forces are all tools that can be used to gather data and make projections to develop a grand strategy.


Definitions:

Self-Appraisals

The process where employees evaluate their own performance, strengths, and areas for improvement, usually as part of a performance review cycle.

Culturally Diverse

Characterized by the inclusion of people from a variety of cultural, ethnic, and racial backgrounds.

Performance Management

The systematic process by which an organization involves its employees in improving organizational effectiveness by focusing on objective setting, performance reviews, and the development of skills.

Focal-Point Review System

A performance evaluation method concentrating on critical job elements or specific objectives that are pivotal to an individual’s role within an organization.

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