Managerial Decision Making and External Strategic Analysis Are Interdependent

question 86

True/False

Managerial decision making and external strategic analysis are interdependent.

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Definitions:

Technological Forces

The influences that advancements or changes in technology have on society, the economy, and individual businesses.

Competency

A combination of skills, knowledge, and behaviors that are required for effective performance in a job role.

Organizational Behavior

The study of how people interact within groups in a workplace setting and how this behavior affects the performance of the organization.

Foundation Competencies

Essential skills or abilities that serve as a base for further development in a specific field or profession.