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Identifying a Specific Target Market Is Not an Essential Part

question 148

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Identifying a specific target market is not an essential part of creating a solid business plan for a small company.


Definitions:

Organizational Analysis

An in-depth examination of an organization's structure, processes, and dynamics to identify opportunities for improvement and areas of strength.

Job Knowledge Analysis

The process of evaluating and detailing the specific knowledge required to perform a job, including tasks, skills, and understanding needed for successful execution.

Person Analysis

A process in human resources development identifying employees' skills, knowledge, and abilities to target training needs.

Task Analysis

The process of breaking down a job into its component tasks to identify necessary skills, knowledge, and behaviors for effective performance.

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