Decision Making in Response to Opportunities Occurs When Managers Search

question 88

True/False

Decision making in response to opportunities occurs when managers search for ways to improve organizational performance to benefit customers, employees, and other stakeholder groups.

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Definitions:

Venture Opportunities

Potential business concepts or markets that offer the chance for financial returns through the creation or expansion of enterprises.

Personal Criterion

An individual standard or principle used to judge or decide something.

Opportunity

A set of circumstances that makes it possible to do something or for something to happen, often leading to potential benefits.

Emerging Markets

Countries or regions with rapidly growing economies that are in the process of industrialization.