question What is the focus of the BCG Matrix in strategic management

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Management MCQS - QUESTION DETAILS

What is the focus of the BCG Matrix in strategic management?

A. Evaluating employee performance
B. Portfolio analysis for businesses' product lines
C. Financial reporting
D. Market analysis

The BCG Matrix in strategic management focuses on portfolio analysis for businesses' product lines.

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In management, what does the term "benchmarking" mean?

A. Assessing employee performance
B. Comparing organizational processes and performance to industry best practices
C. Financial decision-making
D. Marketing strategies

What does the term "cognitive diversity" mean in the context of team management?

A. Employee recruitment
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In management, what does the term "strategic fit" refer to?

A. Evaluating employee performance
B. The alignment between an organization's strategy and its external environment
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What is the purpose of the Gantt Chart in project management?

A. Evaluating employee performance
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A. Evaluating employee performance
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