In 1980, Michael Porter Introduced an Integrated Theory of Strategy

question 44

Multiple Choice

In 1980, Michael Porter introduced an integrated theory of strategy, which considered the structure of an industry and its effect on the ________.

• A) future customer base of the industry
• B) environment
• C) population it currently serves
• D) performance of firms within it

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Definitions:

Power Sharing

A political arrangement in which different political groups, often in a country with a history of conflict, share control of government positions and responsibilities.

Federalism

A system of government in which power is divided between a central (national) government and various regional governments.

Supreme Executive Power

The ultimate authority vested in an executive head of state or government, responsible for enforcing laws and governing.

Shared Power

The distribution of governmental responsibilities and powers between different branches or levels of government to prevent abuse of authority.