Learning Path
Question & Answer
Choose the Best Answer
By solely focusing on its strengths and opportunities
By ignoring external threats and weaknesses
By integrating all four elements to align resources with market demands
By relying on past strategies without considering current market trends
Understanding the Answer
Let's break down why this is correct
A SWOT analysis gives four parts: strengths, weaknesses, opportunities, threats. Other options are incorrect because Thinking only about strengths and chances ignores the bad spots that can hurt the company; Ignoring outside dangers hides real risks.
Key Concepts
Business Strategy
hard level question
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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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