Two Frameworks That Managers Find Useful in Gaining an Understanding

question 37

Multiple Choice

Two frameworks that managers find useful in gaining an understanding of their competitors are competitor analysis and ________.

• A) PESTEL analysis
• B) stakeholder analysis
• C) I/O analysis
• D) strategic-group analysis

---

Definitions:

Performance Indicators

Quantifiable metrics used to gauge the effectiveness or success of an activity, process, or organization.

Big Data

Large and complex data sets that require advanced processing systems for analysis, offering insights for decision-making and strategic planning across various fields.

Data Analysis

The process of inspecting, cleansing, transforming, and modeling data with the goal of discovering useful information, informing conclusions, and supporting decision-making.

Data Sources

The origins or providers of data that can be used for analysis or decision-making, including surveys, databases, experiments, or operational systems.