Podcast
Questions and Answers
Which of the following models is specifically designed to analyze a company's external environment and identify competitive threats and opportunities?
Which of the following models is specifically designed to analyze a company's external environment and identify competitive threats and opportunities?
Which model focuses on analyzing a company's internal strengths and weaknesses and external opportunities and threats?
Which model focuses on analyzing a company's internal strengths and weaknesses and external opportunities and threats?
Which model helps companies make strategic decisions by focusing on product-market growth strategies, such as market penetration, market development, product development, and diversification?
Which model helps companies make strategic decisions by focusing on product-market growth strategies, such as market penetration, market development, product development, and diversification?
Which model categorizes business units based on their market share and market growth rate, helping companies allocate resources and prioritize investments?
Which model categorizes business units based on their market share and market growth rate, helping companies allocate resources and prioritize investments?
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Which model focuses on identifying macro-environmental factors that can impact an organization, such as political, economic, social, and technological factors?
Which model focuses on identifying macro-environmental factors that can impact an organization, such as political, economic, social, and technological factors?
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Study Notes
Strategic Planning Model for Competitive Advantage
- SWOT analysis is used for strategic planning to create a competitive advantage based on the principle that a sound strategy should fit the company's external environment.
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Description
Test your knowledge on the SWOT analysis and its application in strategic planning for competitive advantage. This quiz will help you understand how effective strategies align with external environments and drive success in businesses.
