Learning Path
Question & Answer
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SWOT Analysis
PEST Analysis
Market Segmentation
Value Proposition
Understanding the Answer
Let's break down why this is correct
The process is called SWOT Analysis. Other options are incorrect because PEST Analysis looks at political, economic, social, and technology factors; Market Segmentation splits customers into groups.
Key Concepts
Business Strategy
easy level question
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Deep Dive: Business Strategy
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Definition
Business strategy refers to the long-term direction and scope of an organization to achieve a competitive advantage in a dynamic environment. It involves leveraging resources and competencies to adapt to changes and drive success. Managers play a crucial role in contributing to strategic discussions and decision-making processes.
Topic Definition
Business strategy refers to the long-term direction and scope of an organization to achieve a competitive advantage in a dynamic environment. It involves leveraging resources and competencies to adapt to changes and drive success. Managers play a crucial role in contributing to strategic discussions and decision-making processes.
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