New-category entries help companies compete better in an already-established market or enter a new market.
Answer the following statement true (T) or false (F)
True
Entering new markets is very important to businesses because it opens up a whole new set of customers and potentially a great deal more revenue and profits. New-category entries help companies compete better in an already-established market or enter a new market.
You might also like to view...
Ryan is an efficient manager who is very good at meeting his deadlines and quite decisive. Still, his employees find him to be too controlling at times and unable to see the long-term consequences of his actions. Ryan is most likely ______ in his decision-making style.
A. analytical B. autocratic C. behavioral D. conceptual E. directive
The primary drawback of "traditional" strategic control systems is
A. goals and objectives cannot be measured with a high level of certainty. B. they lack the flexibility needed to adjust to changes in the environment. C. they are only appropriate when the environment is stable and simple. D. they lead to complacency.
__________is the permanent loss of workers from the organization.
A. Sick leave B. Absenteeism C. Employee engagement D. Turnover E. Productivity
Effective Communication with Telecommuter Sue has worked from home for four years, taking phone orders for a national catalog retailer. Sue feels unappreciated for her efforts and detached from management and coworkers. In times past, Sue's performance
had been very efficient, responsible, on-time, and reliable. Lately, however, her performance has faltered. Monitors listening in to her calls find she is not selling the new additional offers, as now is required. Using the theories discussed in the chapter as a basis for comment, how would you as Sue's supervisor motivate her to higher productivity and satisfaction?