Unit 1 Discussion – Business Research For Decision Making
Business Research For Decision Making Unit 1 DB
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This DB has four parts:
- Review the Course Objectives, accessed by clicking on the “Syllabus” tab on the left-hand side of the page, then scroll down to the “Course Objectives”. How will accomplishing these objectives support your success in management? What risks or challenges might a manager encounter if they have not mastered these objectives? Explain.
- Strategy is used by leaders to establish the direction an organization will take to achieve or maintain competitive advantage. How is strategy different from an organization’s vision and mission?
- The strategic planning model has four steps: assessments; strategy formulation; implementation of the plan; and evaluation of the results. Explain how this model along with strategic analysis is used to identify and assess an organization’s micro and macro environment.
- How are strategic planning and the analysis process used to facilitate an organization’s ability to initiate, formulate and implement strategies?
Explanation & Answer
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