The Five Forces Framework Reinforces the Important Point That All

question 78

True/False

The five forces framework reinforces the important point that all industries are equal in terms of their exposure to CSR challenges.

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Definitions:

Economic Markets

Systems or environments within which parties engage in exchange of goods, services, or information.

Business Flexibility

The ability of a company to adapt quickly and efficiently to changes in its external environment, including market demands, technology, and regulatory shifts.

Taylorism

A theory of management that analyzes and synthesizes workflows, aiming to improve economic efficiency, especially labor productivity, also known as scientific management.

Cross-Training

The practice of training employees to perform multiple roles or to undertake tasks outside their traditional responsibilities.