In Evaluating Proposed or Existing Strategies,managers Should

question 24

Multiple Choice

In evaluating proposed or existing strategies,managers should

• A)evaluate the firm's business model at least every three years.
• B)align existing strategies with new strategies to emphasize incremental gains.
• C)scrutinize the company's existing strategies on a regular basis to ensure they offer a good strategic fit,create a competitive advantage,and contribute to an above-average performance.
• D)plan and implement new initiatives regardless of whether or not these match the company's internal and external situation.
• E)ensure core capabilities are incorporated for establishing a competitive advantage.

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Definitions:

Cross-cueing

A cognitive strategy in which information from one source is used to retrieve or interpret information from another, often used in learning and memory.

Transactive Memory

A collective system for encoding, storing, and retrieving information within a close-knit group, allowing for more efficient knowledge sharing.

Social Decision Schemes

The rules or methods groups use to aggregate individual members' opinions, preferences, or judgments to reach a collective decision.

CESs (Critical Evaluation Standards)

Criteria or benchmarks used to assess the validity, reliability, and relevance of information, arguments, or methodologies in academic and professional fields.