Which term refers to the employee skills and behaviors that a firm needs to achieve its strategic goals quizlet?

Q: Which of the following is used to achieve long

The process by which a firms managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called strategic planning.

Q: How does strategic planning benefit companies quizlet?

Explanation: Strategic planning benefits a firms managers by establishing the goals that need to be accomplished at every level of an organization. A firms strategic plan directs the work that occurs within a firm. A hierarchy of goals is established from the top of an organization downward.

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What term refers to the knowledge skills and abilities of a firm's workers?
Which of the following is used to achieve long
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?
How does strategic planning benefit companies quizlet?

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SMART goals set by managers are ________.
A) specific, measurable, aggressive, required, and tested
B) short-term, motivational, attainable, relevant, and total
C) standardized, manageable, accurate, restrictive, and tested
D) short-term, measurable, aggressive, risky, and timely
E) specific, measurable, attainable, relevant, and timely

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What term refers to the knowledge skills and abilities of a firm's workers?

68) What term refers to the knowledge, skills, and abilities of a firm's workers? A) human resources B) human capital C) intangible assets D) contingent personnel Answer: B Explanation: B) Human capital is the knowledge, skills, and abilities of a firm's workers.

Which of the following is used to achieve long

The process by which a firm's managers evaluate the future prospects of the firm and decide on appropriate strategies to achieve long-term objectives is called strategic planning.

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.

How does strategic planning benefit companies quizlet?

Explanation: Strategic planning benefits a firm's managers by establishing the goals that need to be accomplished at every level of an organization. A firm's strategic plan directs the work that occurs within a firm. A hierarchy of goals is established from the top of an organization downward.