When a Company Stays Inside One Industry, the Problems of Sustaining

question 53

True/False

When a company stays inside one industry, the problems of sustaining a successful business model and strategies over time can be difficult because of changing conditions in the environment.

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Definitions:

External Factor

An influence, condition, or variable that originates outside of an organization and can affect its performance and strategies.

Network of Contacts

A system or group of interconnected people that an individual can communicate with, usually for professional or personal advantage.

Statement of Objective

A clear, concise description of the goals or intended outcomes of a project, research, or activity.

Headhunters

Recruiting specialists or agencies that seek out, identify, and approach individuals to fill specific high-level positions within organizations.