After You Understand Your Competition and Its Affect on Your

question 110

Multiple Choice

After you understand your competition and its affect on your industry, what should you do next?

• A) Identify the limitations of technology
• B) Define the knowledge base of your workforce
• C) Align your strategies, processes, and technology with your understanding of your industry
• D) Determine your long-term goals and how these differ from your current thinking

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Definitions:

Employees' Needs

Refers to the various requirements, desires, or things that employees consider important or necessary in their work environment, including fair compensation, job security, and professional growth opportunities.

Initial Activities

The preliminary actions or efforts undertaken at the start of a project, program, or process.

Personnel Department

An organizational unit tasked with managing employee-related functions, such as hiring, training, and benefits administration; often called Human Resources.

Functions

The roles, activities, or tasks that are natural to or intended for a person, object, or organization.