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The Scope of a Firm Refers to Its

question 13

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The scope of a firm refers to its


Definitions:

Responsive

The capability of reacting quickly and positively to changes or demands in the environment.

Uncertainty/Responsiveness Map

This map visualizes the relationship between the uncertainty faced by an organization and its ability to respond effectively, aiding in strategic planning.

Responsiveness Spectrum

Describes the range of a company's ability to adapt its operations and processes to meet market changes and customer demands.

Strategic Fit

The degree of alignment between an organization's strategies and the external environment in which it operates.

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