Podcast
Questions and Answers
Which internal factor primarily considers the potential impact of technological advancements on operations?
Which internal factor primarily considers the potential impact of technological advancements on operations?
- Human Resources
- Financial Resources
- Technology (correct)
- Facilities and Equipment
Which external competitive factor is closely related to the ease of entry into a market?
Which external competitive factor is closely related to the ease of entry into a market?
- Political Conditions
- Competition (correct)
- Legal Environment
- Technology
Which internal factor could involve long-term relationships and understanding of a customer's wants and needs?
Which internal factor could involve long-term relationships and understanding of a customer's wants and needs?
- Products and Services
- Distribution Channels
- Suppliers
- Customers (correct)
Which external factor could have a significant impact on operations due to location, age, and maintenance cost?
Which external factor could have a significant impact on operations due to location, age, and maintenance cost?
Which internal factor considers special talents like creativity, designing, and problem-solving?
Which internal factor considers special talents like creativity, designing, and problem-solving?
Which external factor could potentially impact a company due to favorable or unfavorable attitudes towards business or political instability?
Which external factor could potentially impact a company due to favorable or unfavorable attitudes towards business or political instability?
What is the primary purpose of evaluating an organization's distinctive competencies?
What is the primary purpose of evaluating an organization's distinctive competencies?
What is an 'Order Qualifier' in the context of strategy formulation?
What is an 'Order Qualifier' in the context of strategy formulation?
How does the SWOT Approach aid in strategic planning?
How does the SWOT Approach aid in strategic planning?
Which external factor should a company consider when formulating its strategy?
Which external factor should a company consider when formulating its strategy?
How can an organization achieve a competitive advantage in the marketplace?
How can an organization achieve a competitive advantage in the marketplace?
Why are distinctive competencies difficult for competitors to imitate or replicate?
Why are distinctive competencies difficult for competitors to imitate or replicate?
