BUSINESS ADMINISTRATION
INTERNATIONAL MARKETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategic business unit
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Joint venture unit
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Small business unit
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Subsidiary unit
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Detailed explanation-1: -Definition: A strategic business unit, popularly known as SBU, is a fully-functional unit of a business that has its own vision and direction. Typically, a strategic business unit operates as a separate unit, but it is also an important part of the company. It reports to the headquarters about its operational status.
Detailed explanation-2: -Small Business Units (SBU) are located within city limits, tailored to the needs of small-and medium-sized enterprises. They’re perfect for dynamic companies who need professional top-class warehouse and office space to boost their growth.
Detailed explanation-3: -The types of strategic business units can be categorized from the Boston Consulting Group (BCG) Matrix. These four types include question marks, stars, dogs, and cash cows.
Detailed explanation-4: -Analysis. Business unit strategy relies on answering two questions: what are a unit’s strengths and what is the best way to improve performance. This analysis allows you to establish “the SBU’s mission, setting objectives, and determining strategy to use to meet these objectives, ” reports MAB Paradigms Consulting Firm.
Detailed explanation-5: -Strategic planning is the art of creating specific business strategies, implementing them, and evaluating the results of executing the plan, in regard to a company’s overall long-term goals or desires.