A Strategy Should

question 53

Multiple Choice

A strategy should:

• A) be comprehensive and well integrated.
• B) focus on establishing for the firm the key success factors in the industry.
• C) identify how the firm will accomplish its mission, goals, and objectives.
• D) All of the above

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Definitions:

Diffusion of Responsibility

A psychological phenomenon where individuals feel a diminished sense of personal responsibility in the presence of others.

Belief in a Just World

The cognitive bias that assumes people get what they deserve, leading to rationalizing suffering and rewarding.

Good Samaritan Effect

The phenomenon where people are more likely to offer help to others in need without expecting anything in return.

Commons Dilemma

A situation in shared-resource systems where individual users acting independently according to their own self-interest behave contrary to the common good of all users by depleting or spoiling that resource.