Coherence Is an Alignment of the Strategy with the Industry

question 92

True/False

Coherence is an alignment of the strategy with the industry environment and the vision of how the firm will be positioned in that environment in the future.

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Definitions:

Responsibility

A duty or task that an individual or entity is supposed to perform or bear.

Incentive

An external motivator that influences the behavior and decisions of individuals or organizations.

Entrepreneurs

Individuals who initiate, manage, and assume the risks of starting and running a new business venture.

Create Wealth

This refers to the process of generating value through the production of goods, services, or other means that increases the economic resources or wealth of an individual, community, or country.