Learning Path
Question & Answer1
Understand Question2
Review Options3
Learn Explanation4
Explore TopicChoose the Best Answer
A
B → A → C → D
B
A → B → D → C
C
B → C → A → D
D
A → C → B → D
Understanding the Answer
Let's break down why this is correct
Answer
First, the organization must define its vision and mission so everyone knows the ultimate purpose and direction. Next, a SWOT analysis is carried out to understand internal strengths and weaknesses and external opportunities and threats. With that insight, the strategy is implemented, putting plans into action. Finally, the results are evaluated and adjustments are made to keep the strategy on track. For example, a bakery could set a mission to provide fresh bread, analyze its strengths and market gaps, launch a new sourdough line, and then tweak pricing based on sales data.
Detailed Explanation
First, the organization sets its vision and mission to give a clear purpose. Other options are incorrect because This answer puts SWOT before defining vision and mission; This answer skips the evaluation step and puts implementation before SWOT.
Key Concepts
Business Strategy Development
SWOT Analysis
Strategic Implementation
Topic
Business Strategy
Difficulty
medium level question
Cognitive Level
understand
Practice Similar Questions
Test your understanding with related questions
1
Question 1Arrange the steps of conducting a SWOT analysis in the correct order.
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Question 2Arrange the following steps in the correct order for developing a successful business strategy: A) Conduct a SWOT analysis B) Define the organization's vision and mission C) Implement the strategy D) Evaluate and adjust the strategy as necessary
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3
Question 3How can a company effectively use its SWOT analysis to formulate a competitive business strategy?
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4
Question 4Order the steps in conducting a SWOT analysis effectively.
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5
Question 5Arrange the steps of conducting a SWOT analysis in the correct order.
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6
Question 6Arrange the following steps in the correct order for developing a successful business strategy: A) Conduct a SWOT analysis B) Define the organization's vision and mission C) Implement the strategy D) Evaluate and adjust the strategy as necessary
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7
Question 7How can a company effectively use its SWOT analysis to formulate a competitive business strategy?
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8
Question 8Order the steps in conducting a SWOT analysis effectively.
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9
Question 9Arrange the steps of conducting a SWOT analysis in the correct order.
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Question 10Order the steps in conducting a SWOT analysis effectively.
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