With a(n) Blank______, firms describe how they turn strategy into action.Multiple choice question.triple bottom lineVRIO frameworkbusiness modelscorecard plan
Question
With a(n) Blank______, firms describe how they turn strategy into action.Multiple choice question.triple bottom lineVRIO frameworkbusiness modelscorecard plan
Solution
The correct answer is "business model". A business model describes how a company creates, delivers, and captures value, in economic, social, cultural or other contexts. It essentially shows how a business generates its profit and, therefore, how it translates its strategy into action.
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