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CCBA · Question #110

There are four methods to generate a business need in an organization. Which approach would an organization use when there's recognized competition in the marketplace?

The correct answer is B. From external drivers. According to the web search results, external drivers are "factors outside the organization that influence its performance, direction, and strategy" 1. External drivers can include market trends, customer demands, competitor actions, technological changes, regulatory requirements

Strategy Analysis

Question

There are four methods to generate a business need in an organization. Which approach would an organization use when there's recognized competition in the marketplace?

Options

  • AFrom the bottom up is a method to generate a business need from the employees or
  • BFrom external drivers
  • CFrom middle management is a method to generate a business need from the managers or
  • DFrom the top down is a method to generate a business need from the senior executives or

How the community answered

(33 responses)
  • A
    6% (2)
  • B
    91% (30)
  • D
    3% (1)

Explanation

According to the web search results, external drivers are "factors outside the organization that influence its performance, direction, and strategy" 1. External drivers can include market trends, customer demands, competitor actions, technological changes, regulatory requirements, and social issues. When there is recognized competition in the marketplace, an organization may use external drivers as a method to generate a business need, as it needs to respond to the competitive threats and opportunities, and to differentiate itself from other players in the industry. The other options are not correct because: operational level of the organization, who identify problems or opportunities for improvement in their daily work processes 2. This method may not be suitable when there is recognized competition in the marketplace, as it may not address the strategic issues or challenges that the organization faces from external forces. supervisors of the organization, who coordinate and oversee the work of the employees and report to the senior executives 3. This method may not be suitable when there is recognized competition in the marketplace, as it may not reflect the vision or direction of the organization's leadership or stakeholders. board of directors of the organization, who set the goals and objectives of the organization and determine its policies and strategies 4. This method may not be suitable when there is recognized competition in the marketplace, as it may not take into account the feedback or input from the customers, employees, or other external parties who are affected by the organization's decisions

Topics

#business need generation#external drivers#competitive analysis#enterprise analysis

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