3 Questions
What is the primary focus of the strategy diamond model?
Resource allocation
In the context of strategy, what is the main purpose of SWOT and PESTLE environmental scanning?
Understanding external macro-environmental factors
What distinguishes a strategic plan from a marketing plan?
Level of detail in the plan
Test your knowledge of business strategy with this quiz covering topics such as types of strategy, strategy diamond, mission, vision, strategic direction, implementation of Porter's five forces, components of strategy, marketing strategy, SWOT and PESTLE analysis, phases of strategy, characteristics of PLC, and strategic planning process.
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