After you understand your competition and its affect on your industry, what should you do next?
A) Identify the limitations of technology
B) Define the knowledge base of your workforce
C) Align your strategies, processes, and technology with your understanding of your industry
D) Determine your long-term goals and how these differ from your current thinking

Question

Quizplus · Accepted Answer

Once you have understood your competition and its impact on your industry, the next step should be to align your strategies, processes, and technology with your understanding of the industry. This will enable you to better compete in the market and achieve success. A and B are also important considerations in running a successful business but are not the immediate next step after understanding competition. D is a relevant consideration, but not as immediate as C.

After You Understand Your Competition and Its Affect on Your