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Questions and Answers
What is the primary focus of successful growth-oriented enterprises?
What is the primary focus of successful growth-oriented enterprises?
- Product diversification
- Short-term profit maximization
- Strategic planning and vision (correct)
- Operational efficiency
What is the purpose of conducting a SWOT analysis?
What is the purpose of conducting a SWOT analysis?
- To identify business opportunities and threats (correct)
- To formulate SMART objectives
- To develop a company's mission statement
- To evaluate employee performance
What is the characteristic of a well-formulated objective in a growth-oriented enterprise?
What is the characteristic of a well-formulated objective in a growth-oriented enterprise?
- Ambitious and vague
- Focused on short-term gains
- Specific, Measurable, Achievable, Relevant, and Time-bound (SMART) (correct)
- Based on competitors' strategies
What is the ultimate goal of implementing strategies in a growth-oriented enterprise?
What is the ultimate goal of implementing strategies in a growth-oriented enterprise?
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What is the role of teamwork in a growth-oriented enterprise?
What is the role of teamwork in a growth-oriented enterprise?
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