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 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 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 2How can a company effectively use its SWOT analysis to formulate a competitive business strategy?
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Question 3Order the steps in conducting a SWOT analysis effectively.
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4
Question 4Arrange the steps of conducting a SWOT analysis in the correct order.
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Question 5Arrange 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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Question 6How can a company effectively use its SWOT analysis to formulate a competitive business strategy?
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Question 7Order the steps in conducting a SWOT analysis effectively.
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Question 8Arrange the steps of conducting a SWOT analysis in the correct order.
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9
Question 9Arrange 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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Question 10Order the steps in conducting a SWOT analysis effectively.
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