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Naddik [55]
3 years ago
9

You are hired as a strategic analyst for a Fortune 500 company. Your first task is to develop a competitive intelligence report

to find key insights on the rivals' latest actions, current capabilities, and potential future actions. Being new to this type of report and the ethical protocols, what should be your first action
Business
1 answer:
maksim [4K]3 years ago
6 0

Answer:

a.

Explanation:

Based on the information provided within the question it can be said that the best first action that you can take would be to contact the Strategy and Competitive Intelligence Professionals association. This is an association of professionals from various industries including competitive intelligence, market intelligence, market research, strategic analysis, business intelligence, and strategy. This would be the best source of information in order to help you develop the best report possible.

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The correct answer is the option A: True.

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A company employing a product development strategy would create a new product targeted to its current customers.

What is New Product Development ?

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The importance of doing customer research is to have a drive for new product development. A research can be effective in pointing out consumer trends and fads, as well as opening a direct customer communication channel that feels prestigious for having its requests valued by a company. Through concrete data of potential customers and new customers, an organization has the ability to meet the actual demand of potential customers and make possible adjustments to the production process.

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