The importance of business know-how to the success of a company is thought to be ______.Multiple choice question.overrated.underestimated
Question
The importance of business know-how to the success of a company is thought to be ______.
Multiple choice question.
- overrated.
- underestimated.
Solution
The importance of business know-how to the success of a company is thought to be underestimated.
Many businesses achieve significant success through applied expertise and understanding of their respective industries. However, there can often be a perception that skills and knowledge in business management are not as critical as they truly are. This underestimation can lead to missed opportunities for growth and development. In reality, comprehensive business know-how not only enhances operational efficiency but also fosters innovation and strategic planning, contributing to long-term success. Thus, recognizing and valuing business know-how is essential for any company's sustainability and competitive edge.
Similar Questions
Step two of the TQM process requires managers to focus on ___.Multiple choice question.increasing profitscompetitionproduct knowledgethe customer
Please identify one importance of marketingQuestion 6Answera.profit maximizationb.value creationc.all of the aboved.Wealth creation
The things a business currently possesses and does well are calledMultiple Choicestrengths.threats.weaknesses.opportunities.
The most important factor in successful organizations is:Question 22Select one:a.definition of quality.b.competition.c.weaknesses.d.strategy.
What knowledge do you possess that can contribute to serving a market need within your industry of interest? Please respond in one paragraph. 1 point
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.