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:

Education and Training

The process of acquiring knowledge, skills, and competencies through formal instruction and practical experience.

Educating the Community

The process of imparting knowledge, values, and skills to members of the community.

Basic Needs

Fundamental requirements necessary for maintaining human life and health, such as food, water, shelter, and clothing.

Change Culture

The process of transforming the set of shared attitudes, values, goals, and practices that characterizes an organization or group.