Business realignment may be necessary to maximize core competencies. Which of the following would be one of the steps in this realignment process?
A) revamping the ethics statement.
B) reviewing global outreach projections.
C) reviewing successes from e-commerce (if any).
D) redefining the business concept (the "big idea").
E) reviewing all macro relationships.

Question

Quizplus · Accepted Answer

Redefining the business concept, also known as the "big idea," is a crucial step in realigning a business to maximize its core competencies. By redefining the business concept, companies can refocus their efforts and resources to better align with their strengths and competitive advantages. The other options listed may also be important considerations in a business realignment, but are not necessarily key steps in the process.

Business Realignment May Be Necessary to Maximize Core Competencies