Learning Path
Question & Answer
Choose the Best Answer
Ensuring clear communication among team members
Increasing product prices immediately
Avoiding any form of feedback from stakeholders
Limiting the use of technology in processes
Understanding the Answer
Let's break down why this is correct
Clear communication lets every team member know their tasks and how they fit into the plan. Other options are incorrect because The idea that just raising prices guarantees success is a misconception; Thinking feedback is harmful shows a fear of criticism.
Key Concepts
Business Strategy
easy 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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