Top Managers Use Social Intelligence to Define the Future of the Business

question 160

True/False

Top managers use social intelligence to define the future of the business, analyzing markets, industries and economies to determine the strategic direction the company must follow to remain unprofitable.

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Definitions:

Strategy

A plan of action designed to achieve a long-term or overall aim.

Well-written Goals

Objectives that are clearly defined, achievable, measurable, relevant, and time-bound, enhancing focus and direction.

Components

The individual parts or elements that make up a larger system, product, or assembly.

Differentiation

The act of distinguishing or creating a distinctive difference between products, services, or concepts, often to achieve competitive advantage.