What should be the most important internal or external factor influencing training and development programs in organizations?

A) demographics
B) the competitive nature of the industry
C) corporate strategy
D) leadership and managerial characteristics

Competitive Nature

Refers to the inherent drive or inclination among individuals or entities to strive for superiority or success against others in the same arena.

Corporate Strategy

Corporate Strategy involves the overarching plan and direction of a corporation, focusing on achieving long-term goals and securing a competitive position in the market.