Business Model Mapping Is a Useful Technique for Developing Strategy

question 62

Multiple Choice

Business model mapping is a useful technique for developing strategy for firms:

• A)In mature industries
• B)In technology-based industries
• C)Which inhabit complex business ecosystems
• D)Which are seeking venture capital funding

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Definitions:

Brainstorming

A group creativity technique designed to generate a large number of ideas for the solution to a problem.

Problem-solving Technique

A method or process employed to identify, analyze, and solve problems or challenges.

Innovative Solutions

Creative and effective answers to problems that employ novel approaches and thinking.

Doing Things Right

Refers to the emphasis on efficiency and accuracy in executing tasks, usually contrasting with doing the right things, which is more about strategic correctness.