When the Vision of a Firm, Its Strategy, and the Industry

question 148

Multiple Choice

When the vision of a firm, its strategy, and the industry conditions are not aligned, the lack of coherence almost always causes the firm to ________.

• A) slip behind competitors
• B) go out of business
• C) fire managers
• D) suffer low employee morale

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Definitions:

Electro-magnet

A type of magnet in which the magnetic field is produced by an electric current, usually wrapped around a core of ferromagnetic material, which enhances its magnetic field strength.

Relative Motion

The motion of an object as observed from a particular reference frame, which may be moving or stationary.

Electro-magnetic Induction

Electro-magnetic induction is the process whereby a changing magnetic field within a coil of wire induces a voltage across the ends of the wire, leading to the creation of an electric current.

Domination

Is a mode of interaction in which nearly all power is concentrated in the hands of people of similar status. Fear is the dominant emotion in systems of interaction based on domination.