Which Process Involves Assessing the Company's Strategic Needs,appraising the Current

question 63

Multiple Choice

Which process involves assessing the company's strategic needs,appraising the current performance of managers,and developing the managers?

• A) management development
• B) performance management
• C) strategic management
• D) management by objectives

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Definitions:

Golden Parachute

A substantial benefits package given to top executives if the company is taken over by another firm, and the executives are terminated as a result of the takeover.

Market Share

The portion of a market controlled by a particular company or product.

Flood Control System

involves infrastructure and strategic planning aimed at reducing or preventing the damage caused by excessive water levels, including dams, levees, and drainage systems.

Expected Loss

The anticipated amount of loss a party incurs due to risk, calculated as the sum of all possible losses each multiplied by the probability of that loss occurring.