In Which Step of the Five-Step Decision-Making Framework Does a Manager

question 87

Multiple Choice

In which step of the five-step decision-making framework does a manager realize that strategy choice depends on resolving whether the company can add value to its customers that its competitors cannot and whether the organization can develop needed internal capabilities to add value to the firm?

• A)Step 1: Identify the Problem and Uncertainties.
• B)Step 2: Obtain Information.
• C)Step 3: Make Predictions About the Future.
• D)Step 4: Make Decisions by Choosing Among Alternatives.
• E)Step 5: Implement the Decision,Evaluate Performance,and Learn.

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Definitions:

Framing Theory

The concept that how information is presented or "framed" in media can influence the perception and interpretation of that information by audiences.

Agenda-Setting Theory

The Agenda-Setting Theory posits that the media has the power to determine which issues are considered important in the public eye by choosing what to report.

Construction Theory

A theory that suggests that reality is constructed through the social processes and interactions individuals engage in.

Media Effects

Media Effects entail the impacts or consequences that media content and exposure have on audiences, influencing beliefs, attitudes, and behaviors.