Asked by Adrianaya Roettger on Jun 17, 2024

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A strong management team recognizes the window of opportunity and develops competitive advantage to give a business additional leverage to exploit the market opportunity.

Management Team

A group of individuals at the top level of an organization who are responsible for making strategic decisions and ensuring the company achieves its goals.

Competitive Advantage

A condition or unique attribute that allows a company to outperform its competitors, securing a superior position in the market.

Market Opportunity

The identification of a specific market need that can be met by a new product or service, offering potential for business growth.

  • Explore the significance of management strength in recognizing and leveraging market opportunities for competitive advantage.
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Wesley WarrickJun 22, 2024
Final Answer :
True
Explanation :
A strong management team is able to assess the market and identify a window of opportunity. Once they have identified the opportunity, they can develop a competitive advantage to give their business an edge in the market. This additional leverage can help the business to better exploit the opportunity and achieve success.