Two Frameworks That Managers Find Useful in Gaining an Understanding

question 37

Multiple Choice

Two frameworks that managers find useful in gaining an understanding of their competitors are competitor analysis and ________.

• A) PESTEL analysis
• B) stakeholder analysis
• C) I/O analysis
• D) strategic-group analysis

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Definitions:

Accommodative Strategy

An approach where a company seeks to adapt and make adjustments to satisfy public expectations or demands, often within the context of corporate social responsibility.

Discretionary Responsibility

The voluntary obligations and actions taken by organizations beyond legal requirements, often in the context of corporate social responsibility.

Social Performance

The measure of an organization's or individual's ability to manage social responsibilities and impacts.

Stakeholder Responsibility

The obligation of an organization to consider the impacts of its decisions and activities on all its stakeholders.