Management Is Obligated to Monitor New External Developments,evaluate the Company's

question 34

Multiple Choice

Management is obligated to monitor new external developments,evaluate the company's progress,and make corrective adjustments in order to

• A)determine whether the company has a balanced scorecard for judging its performance.
• B)decide whether to continue or change the company's strategic vision,objectives,strategy and/or strategy execution methods.
• C)determine what changes should be made to its customer value proposition.
• D)determine whether the company's business model is well matched to changing market and competitive circumstances.
• E)stay on track in achieving the company's mission and strategic vision.

Gain knowledge about different appraisal methods and their applications.

Understand how performance appraisals can influence pay reviews and organizational policies.

Recognize the importance of fairness and accuracy in performance appraisals.

Understand the characteristics of effective performance appraisal measures.

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Definitions:

Learned Helplessness

A condition in which a person suffers from a sense of powerlessness, stemming from a traumatic event or persistent failure to succeed, leading to decreased motivation and learning ability.

Etiology

The investigation into the origins and causes of diseases or medical conditions.

Martin Seligman

A psychologist known for his work on positive psychology, learned helplessness, and well-being.

Cognitive Approach

A psychological perspective that focuses on mental processes such as perception, memory, and problem-solving.