How can a business identify elements that are of strategic importance?

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How can a business identify elements that are of strategic importance?

2007-07-01 10:09:42 · 2 answers · asked by Annalise 1 in Business & Finance ➔ Corporations

2 answers

Talk to other people in the same business. Have experience in the work and talk to potential customers.
SCORE has volunteers that may be able to guide you.

2007-07-01 10:14:43 · answer #1 · answered by shipwreck 7 · 0⤊ 0⤋

Wow, did I just step back into business school?

The short answer is "by identifying what is unique and difficult for your competitors to copy".

I would recommend a good old-fashioned SWOT analysis (Strengths, Weaknesses, Opportunities, Threats). You can find it in virtually any business school textbook.

2007-07-01 17:15:38 · answer #2 · answered by mumphordkendall 1 · 0⤊ 0⤋