Answered: Based on scenario 2 (two), the second…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Use the information given in the scenario below to answer the question and the one that follow (26 and 27): Your organization is at a critical growth stage with regard to its technology. A team of three people have been assigned specific jobs by the chief technology officer. The assignments are: Study the key technologies on which an organization depends and their competitive value. Look at other companies that are successful and identify ways in which your organization can emulate the practices of the other companies. Find out what is new in the industry. Be an "industry detective"—everything from reading up on industry reports to attending meetings and listening closely to what people are talking about. Based on scenario 2 (two), the second assignment is an example of: Select one: A. Benchmarking B. Organizational culture audit C. SWOT analysis D. Technology audit E. Environmental scanning

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