Which of the Following Is Essential If an Organization Has

question 100

Multiple Choice

Which of the following is essential if an organization has to follow a low-cost leadership strategy?

• A)market leadership on product quality
• B)relentless search for ways to reduce operating expenses
• C)product differentiation to distinguish itself from competitors
• D)focus on a segment or sector of the market

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Definitions:

Succession Management

The process of identifying and developing future leaders within an organization to ensure continuity in critical positions.

Senior Executive Turnover

The rate at which top management personnel leave an organization, either voluntarily or involuntarily, and are replaced.

Succession Management

The process of identifying and developing internal people with the potential to fill key business leadership positions within the company.

Replacement Planning

The process of identifying and preparing suitable employees to replace key positions within an organization in case of employee turnover.