Developing an effective strategy requires a company to undertake an analysis of its own capabilities and strengths.

Question

Quizplus · Accepted Answer

This is true. In order to develop an effective strategy, a company must have an understanding of its own capabilities, strengths, and weaknesses. This analysis provides a foundation for making informed decisions about what the company can realistically achieve and what opportunities it can pursue.

Developing an Effective Strategy Requires a Company to Undertake an Analysis