Which of the following was a key feature in Stephen Covey’s book, The Seven Habits of Highly Effective People: Powerful Lessons in Personal Change?
A. He analyzed 1,435 companies to understand why some companies reach high levels of sustained performance while other companies fail to reach greatness.
B. He discussed “management by objective” (MBO), by which a manager should be self-driven to accomplish key goals that link to organizational success.
C. He focused on the strategic and organizational challenges confronting managers in multinational corporations.
D. He discussed how a leader’s success hinges on balancing between personal and professional effectiveness.
E. He urged U.S. firms to fight their competition by refocusing their business strategies on several drivers of success: people, customers, values, culture, action, and an entrepreneurial spirit.
Ans: D. He discussed how a leader’s success hinges on balancing between personal and professional effectiveness.
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Which of the following statements is true about the five forces identified by Michael Porter, that
determine the intrinsic long-run attractiveness of a market or market segment? A) A segment is unattractive if the company's suppliers are unable to raise prices or reduce quantity supplied. B) A segment is unattractive if buyers possess strong or growing bargaining power. C) A segment is attractive when there are actual or potential substitutes for the product. D) A segment is attractive if it already contains numerous, strong, or aggressive competitors. E) The most attractive segment is one in which entry barriers are low and exit barriers are high.
Which of the following occurs when an organization sells part of a business or operation to another corporation?
A) Merger B) Acquisition C) Divestiture D) Buy out E) Spin off