When a Firm's External Environment Becomes More Turbulent and Unpredictable

question 33

Multiple Choice

When a firm's external environment becomes more turbulent and unpredictable:

• A)Strategy becomes an increasingly important in providing direction for the business
• B)Strategy becomes based upon intuition rather than analysis
• C)Cost cutting becomes a dominant priority
• D)Strategy becomes an impossible exercise

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Definitions:

Boundaryless Career

A modern approach to career development that emphasizes flexibility, mobility, and the ability to cross traditional job boundaries or sectors.

Peter Principle

The concept that employees within an organization tend to rise to their level of incompetence, promoting based on past performance rather than suitability for the new role.

Promoted Regularly

Refers to a consistent and systematic approach to moving employees to higher positions or ranks within an organization.

Natural Selection

A process in biology by which organisms with traits better suited to their environment are more likely to survive and reproduce.