COMPUTER FUNDAMENTALS

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ENTERPRISE RESOURCE PLANNING ERP SOFTWARE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
The first step in business strategy is ____
A
planning.
B
develop blueprint
C
marketing
D
assessment.
Explanation: 

Detailed explanation-1: -The first step is to define the vision, mission, and values statements of the organization. This is done in combination with the external analysis of the business environment (PESTEL) and internal analysis of the organization (SWOT).

Detailed explanation-2: -Defining the organizational mission is the first step in strategic planning because it provides a foundational purpose and direction for the organization. It is important to understand the mission of the organization to effectively create strategies that will help the organization reach its goals.

Detailed explanation-3: -Define Your Purpose. Assess Market Opportunity. Create Value for Customers. Create Value for Suppliers. Create Value for Employees. Map Strategy to Actionable Tasks and KPIs. 25-Oct-2022

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