Exam 4: The Competitive Environment

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Wedding Bells, a company founded in 1910, is the market leader in the bridal gown industry in the United States. It sells bridal gowns and caters only to this niche market segment. It has never diversified its product line to other garments or any other business. It concentrates exclusively on guarding its position in the bridal gown market. In the context of business strategies, which of the following strategies does Wedding Bells follow?

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In the context of organization design, the functional design is used when an organization has implemented a strategy of unrelated diversification.

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When an organization adopts a turnaround strategy, its HR managers need to be involved in:

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Which of the following is a difference between the functional design and the divisional design of organizations?

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Describe the factors that affect human resource (HR) strategy formulation.

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