Strengths-Opportunities Strategies Are Based on Using a Firm's Internal Strengths

question 65

True/False

Strengths-opportunities strategies are based on using a firm's internal strengths to take advantage of external opportunities and threats.

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Definitions:

Reassembling Work Routines

The act of rearranging or redesigning the way tasks and processes are structured within work environments to improve efficiency or adapt to new circumstances.

Optimal Size

Refers to the best or most efficient size for a company, team, or other organizational units to operate effectively and achieve its goals.

Team Size

pertains to the number of members in a team, which can influence the team's dynamics, communication, and effectiveness.

Hindsight Bias

The tendency to believe, after an outcome is already known, that one would have correctly predicted it beforehand, often described as the "I knew it all along" phenomenon.