Question

Mention some important determinants of business strategies

Answer 1

1. Market opportunity, industry attractiveness, and competitive forces.

2. The social, political, regulatory, ethical, and economic aspects of the external environment in which the enterprise operates.

3. What an organisations skills, capabilities, and resources allow it to do best.

4. Emerging threats to the organisation’s performance.

5. The organisation’s culture, core beliefs, and business philosophy.