Learning Path
Question & Answer
Choose the Best Answer
B → A → C → D
A → B → D → C
B → C → A → D
A → C → B → D
Understanding the Answer
Let's break down why this is correct
First the company sets a clear vision and mission, which gives the plan a purpose. Other options are incorrect because Some think starting with SWOT is best, but without a vision the strengths and weaknesses can be misinterpreted; This option skips the SWOT step, so the team builds a strategy without knowing what to improve.
Key Concepts
Business Strategy
medium level question
understand
Deep Dive: Business Strategy
Master the fundamentals
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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