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Fill in the blank: SWOT analysis is ________

 

• (A) a program and strategy you implement to speed up your flywheel.
• (B) the result of a company’s efforts to gather and analyze information about its industry, business environment, competitors, and competitive products and services.
• (C) a technique used entirely for visualization purposes, to envision the impact of forces and friction on a flywheel.
• (D) used to identify an organization’s strengths and weaknesses, opportunities and threats.

Why is having a strong sense of purpose important for a business? Select all that apply.

 

• (A) It will help you and your team navigate uncertainty.
• (B) It will help you discover potential risks, redundancies, and/or experience gaps in your strategies.
• (C) It will ensure you’re meeting your customers’ needs and help you build off each offer to create a single brand message.
• (D) It will help you step into your customer’s shoes and see them as people, not just metrics, so that you can improve the lives of those you serve.

The Golden Circle is a framework invented by Simon Sinek that helps organizations:

 

• (A) set and track ambitious business goals.
• (B) visualize their long-term, mid-term, and short-term goals.
• (C) explore their brand identity beyond just the products they offer. 
• (D) prioritize their different business goals.

Fill in the blanks: Tail winds are to ________ : as headwinds are to _________. Forces, friction. Friction, force.Ships, force.

• (A) Forces, friction.
• (B) Friction, force.
• (C) Ships, force.
• (D) Ships, friction.

 

Explanation: The selected answer, ‘Forces, friction,’ is correct. In the context of the analogy presented, tailwinds represent forces that propel or support movement, while headwinds represent friction or resistance that opposes movement. Tailwinds are beneficial forces that provide momentum and assistance, typically aiding progress or advancement towards a desired outcome. In contrast, headwinds create obstacles or challenges by generating resistance or opposition, hindering forward movement and requiring additional effort to overcome. This analogy can be applied to various scenarios beyond literal wind conditions, representing the dynamic interplay between facilitating forces and opposing friction in achieving goals or navigating challenges. Therefore, the selected answer accurately reflects the relationship between tailwinds and headwinds as forces and friction, respectively, making it correct.

Fill in the blank:  ______ enables companies to identify new business opportunities, predict future trends, and optimize current operational efforts.

 

(A) Intuition

(B) Data

(C) Competitive intelligence

(D) Observation