Because Economic and Competitive Environments Frequently Change, Organizations Should

question 32

Multiple Choice

Because economic and competitive environments frequently change, organizations should

• A) set a long-term plan and stick to it.
• B) develop contingency plans.
• C) save time and money by cutting back on planning.
• D) eliminate any long-term strategic plans, but devise short-term tactical plans and update them once a year.

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Definitions:

Symbolic Resources

Elements within a culture or society that carry specific meanings and are used for communication, such as language, gestures, or images.

Explicit Instruction

A structured, clear, direct teaching method that emphasizes systematic instruction for mastering specific concepts or skills.

Culture

The shared patterns of behaviors, beliefs, knowledge, attitudes, and values that characterize a group or society, transmitted from one generation to the next.

Isolation

Isolation refers to the condition of being separated from others, which can be physical, social, or emotional in nature.