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Michael E.Porter's Five Competitive Forces Are Competitors,customers,suppliers,strategic Partners,and Regulators

question 206

True/False

Michael E.Porter's five competitive forces are competitors,customers,suppliers,strategic partners,and regulators.


Definitions:

Groupthink

A psychological phenomenon in groups where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Arbitrary Approach

A method or decision-making process based on individual preference or random choice rather than any reason or system, often leading to inconsistency.

Conflict Manager

An individual or role responsible for handling and resolving conflicts within organizations or groups, often using mediation and negotiation skills.

Thomas-Kilman Conflict Model

A model identifying five strategies to handle conflict: avoiding, accommodating, competing, compromising, and collaborating.

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