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:

Inequalities

Describes situations or conditions where resources, opportunities, and treatments are unevenly distributed among individuals or groups, leading to disparities.

High Marks

Grades or scores that are significantly above average, reflecting a high level of achievement or quality.

University

is an institution of higher education and research, which awards academic degrees in various academic disciplines.

Gender Inequities

Refers to the unfair, unjust treatment or disparities experienced by individuals based on their gender, often manifesting in areas like employment, education, and health.