A Current Competitive Strength May Disappear Because Of

question 2

Multiple Choice

A current competitive strength may disappear because of:

• A)future competitor responses
• B)changes in technology
• C)the organisation's own complacency
• D)all of the above

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Definitions:

Internal Situation

Refers to the conditions and factors within an organization that influence its operations, such as employee morale, financial health, and operational efficiency.

External Situation

Factors outside an organization that can affect its performance, including economic conditions, competition, and legal constraints.

Scanning the Situation

The process of carefully examining and assessing the current state or conditions of an environment or situation to identify key elements and challenges.

Forecasting

Forecasting involves making predictions about future events or trends based on current and historical data analysis.