6) A(n) ________ is a firm's method for matching its internal strengths and weaknesses withexternal opportunities and threats to maintain a competitive advantage.A Show
Get answer to your question and much more Diff: 1Chapter:3Objective:2Skill:Concept7) A course of action that a firm can pursue to achieve its strategic aims is known as a ________.CDiff: 1 Get answer to your question and much more Chapter:3Objective:2Skill:Concept8) Strategic management is best defined as the process of executing the firm's strategic plan bymatching the firm's capabilities with its ________.ADiff: 1 Get answer to your question and much more Chapter:3Objective:2Skill:ConceptLearning Outcome:Describe the process and tools of strategic human resource management3 Is a course of action that the company can pursue to achieve its strategic aims?Answer: TRUE Explanation: Strategy is a course of action the company can pursue to achieve its strategic aims.
Which term refers to any factors that allow a firm to differentiate its product or service from those of its competitors to increase market share?Explanation: A competitive advantage refers to the factors that allow a firm to differentiate its product or service from competitors to gain market share. Managers aim to achieve competitive advantages for each of their businesses through cost leadership, differentiation, and focus.
Which indicates that an organization is using strategic planning and management?What indicates that an organization is using strategic planning and management? The organization's structure, resources, and policies are aligned to meet agreed-upon goals.
What is the first step in the basic planning process?Establishing the objectives is the first step in planning. Plans are prepared with a view to achieve certain goals. Hence, establishing the objectives is an important step in the process of planning. Plans should reflect the enterprise's objectives.
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Which term indicates the course of action for getting from where you are to where you want to go?
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