WPC 480 Chapter 12 Questions With
Complete Solutions
external managerial labor market is the
collection of managerial career opportunities
and the qualified people who are external to the
organization in which the opportunities exist.
internal managerial labor market consists
of a firm's opportunities for managerial positions
and the qualified employees within that firm.
top management team is composed of the
individuals who are responsible for making
certain the firm uses the strategic management
process, especially for the purpose of selecting
and implementing strategies.
Determining strategic direction involves
, WPC 480 Chapter 12 Questions With
Complete Solutions
specifying the vision and the strategy or
strategies to achieve this vision over time.
Human capital refers to the knowledge and
skills of a firm's entire workforce. From the
perspective of human capital, employees are
viewed as a capital resource requiring
continuous investment.
Social capital involves relationships inside and
outside the firm that help in efforts to accomplish
tasks and create value for stakeholders.
balanced scorecard is a tool firms use to
determine if they are achieving an appropriate
balance when using strategic and financial
controls as a means of positively influencing
Complete Solutions
external managerial labor market is the
collection of managerial career opportunities
and the qualified people who are external to the
organization in which the opportunities exist.
internal managerial labor market consists
of a firm's opportunities for managerial positions
and the qualified employees within that firm.
top management team is composed of the
individuals who are responsible for making
certain the firm uses the strategic management
process, especially for the purpose of selecting
and implementing strategies.
Determining strategic direction involves
, WPC 480 Chapter 12 Questions With
Complete Solutions
specifying the vision and the strategy or
strategies to achieve this vision over time.
Human capital refers to the knowledge and
skills of a firm's entire workforce. From the
perspective of human capital, employees are
viewed as a capital resource requiring
continuous investment.
Social capital involves relationships inside and
outside the firm that help in efforts to accomplish
tasks and create value for stakeholders.
balanced scorecard is a tool firms use to
determine if they are achieving an appropriate
balance when using strategic and financial
controls as a means of positively influencing
