Porter's Four Generic Business Strategies Involve Combinations Of: (1) Competitive

question 168

Multiple Choice

Porter's four generic business strategies involve combinations of: (1) competitive scope or the breadth of the target markets and (2) __________.

• A)organizational structure
• B)degree of geographical distribution
• C)investment in research and development
• D)a stress on costs versus product differentiation
• E)relative number of products in a product line

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Definitions:

Transformational Leadership

A leadership approach that causes change in individuals and social systems, enhancing the motivation, morale, and performance of followers through a variety of mechanisms.

Individualized Consideration

A leadership strategy where leaders attend to the needs of each member of their team, acting as a mentor or coach to encourage personal development.

Intellectual Stimulation

The act of encouraging individuals to think critically and creatively.

Management By Exception

A leadership strategy where managers intervene only when performance deviates significantly from standards, allowing autonomy in standard situations.