According to Michael Porter,to Be Successful in the Long Run,a

question 35

Multiple Choice

According to Michael Porter,to be successful in the long run,a company must

• A)deliver greater value to customers and/or create comparable value at a lower cost.
• B)maximize profits.
• C)maximize shareholder value.
• D)both B and C

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Definitions:

Togetherness

The feeling or state of being close to others, fostering a sense of unity and mutual support.

Teamwork

Joint action by a team of people in which individual interests are subordinated to team unity.

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

Team Creativity

The process and outcome of generating novel and useful ideas and solutions through the collaborative efforts of a group or team.