Asked by Deandra Kirkland on Jul 17, 2024
Verified
Managers with strategic farsightedness view labor as a commodity.
Strategic Farsightedness
The ability to anticipate future trends, challenges, and opportunities and develop long-term plans to guide an organization's direction successfully.
Labor
The physical and mental effort expended by individuals in the production of goods and services.
Commodity
Basic goods used in commerce that are interchangeable with other goods of the same type, typically used as inputs in the production of other goods or services.
- Gain insight into the core principles of strategic foresight and their effects on management decisions.
Verified Answer
DB
dylan bradshawJul 18, 2024
Final Answer :
False
Explanation :
Managers with strategic farsightedness tend to view labor not just as a commodity, but as a valuable asset or resource that can provide competitive advantage through their skills, creativity, and commitment.
Learning Objectives
- Gain insight into the core principles of strategic foresight and their effects on management decisions.