With small businesses in very competitive industries, small differences in performance may affect that company's survival. In this case, it is worth the effort for the company's managers to implement

A. organizational diversity.
B. a synergy agenda.
C. MBO.
D. TQM.
E. strategic planning.


E. strategic planning.

Researchers conclude that "it may be that the small improvement in performance is not worth the effort involved in strategic planning unless a firm is in a very competitive industry where small differences in performance may affect the firm's survival potential."

Business

You might also like to view...

Kristi has been struggling with her weight, and one of her coworkers suggested that she make a SMART goal for herself. Which of the following is the best example of a SMART goal for Kristi?   

A. I want to lose a lot of weight. B. I want to look better in a swimsuit. C. I want to lose 20 pounds over the course of one calendar year. D. I want to start losing weight soon. E. I want to lose 30% of my body mass by next month.

Business

Natural resources are anything:

A. any raw material that becomes a component in a manufactured good. B. that is alive in the natural world. C. provided by nature on which people depend. D. that is used for food or fuel.

Business

Business strategy, as distinct from corporate strategy, is chiefly concerned with

A. what business model to employ in each of the company's different businesses. B. deciding what new businesses to enter, which existing businesses to get out of, and which existing business to remain in. C. making sure the strategic intent of a particular business is in step with the company's overall strategic intent and strategy. D. coordinating the competitive approaches of a company's different business units. E. deciding how to build competitive advantage and improve performance in a particular line of business.

Business

Debora Halbert asserts in her essay that:

a. women have benefited greatly from intellectual property laws. b. intellectual property has historically benefited men more than women. c. in the nineteenth century, writing poetry and novels enabled women to not only express themselves intellectually but to reap financial rewards as well. d. when women knitted or quilted, they were reluctant to share their patterns with other women.

Business