Long-term business planning starts with a clear understanding of the factors that create significant value and that work together with other factors to drive future revenue and profit at or above their current rates.These factors are ________.
A)Balanced values
B)Business objectives
C)IT strategy
D)Value drivers

Question

Quizplus · Accepted Answer

Long-term business planning starts with identifying the key drivers of value that contribute to future revenue and profits. These drivers could be factors like market share, product quality, brand reputation, customer loyalty, operational efficiency, and so on. Understanding these value drivers is critical for developing a strategy that maximizes future opportunities and minimizes risks. A and B might be important considerations, but they are not the core factors that drive long-term business success. IT strategy is an enabler of the business strategy, not a driver of business value per se.

Long-Term Business Planning Starts with a Clear Understanding of the Factors