Before a General Manager Embarks on the Strategy-Making Process, They

question 5

Multiple Choice

Before a general manager embarks on the strategy-making process, they need to understand and know the starting position of the organization. This is accomplished via

• A) receiving feedback from all levels of management in the firm
• B) analyzing the environment and identifying opportunities and threats
• C) developing the business plan
• D) creating a meaningful and solid assessment of company performance

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Definitions:

Prison Guards

Individuals responsible for the supervision, safety, and security of prisoners in a correctional facility.

Social Loafing

The phenomenon whereby individuals reduce their effort when working in a group compared to when working alone, due to perceived diffusion of responsibility.

Audience Effect

The impact on an individual's performance when they are aware they are being observed by others.

Co-action Effect

A phenomenon where the presence of others engaged in the same task can improve individual performance.