Learning Path
Question & Answer
Choose the Best Answer
Operational efficiency
Market segmentation
Organizational flexibility
Strategic positioning
Understanding the Answer
Let's break down why this is correct
Resource allocation is how an organization decides where to put its money, people, and time. Other options are incorrect because People often think making things run smoothly inside a company is the same as positioning the company in the market; Some learners believe targeting specific groups automatically positions a company.
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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