Instead of Creating Detailed Strategic Plans, the Leaders of Market-Based

question 86

True/False

Instead of creating detailed strategic plans, the leaders of market-based companies (companies that respond quickly to environmental changes) set flexible directions so as to allow for change and seize opportunities when they come.

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Definitions:

Creativity

The ability to generate or recognize ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining ourselves and others.

Biological Forces

Factors related to biology and genetics that influence human development and behavior.

Cultural Forces

The influential factors derived from societal norms, values, practices, and beliefs that shape human behavior and attitudes.

Specialized Knowledge

Refers to knowledge that is focused on a particular or narrow area of a field, requiring specific skills, education, or training.