Asked by Klaudia Kuzia on Jun 10, 2024
Verified
WestJet Airlines studies the websites of other airlines for information about their strategic plans.What forecasting approach is the company using to obtain information about its competitors?
A) impact analysis
B) competitive intelligence
C) strategic indicators
D) competitive indicators
Competitive Intelligence
A formal approach to obtain information about competitors.
- Grasp the significance of worldwide economic movements on HR methodologies and the strategic planning procedure.
Verified Answer
NB
Neelam BhagyalakshmiJun 13, 2024
Final Answer :
B
Explanation :
WestJet Airlines is using competitive intelligence approach to gather information about its competitors by studying their websites for strategic plans. Competitive intelligence involves collecting and analyzing information about competitors and the competitive environment to make more informed business decisions.
Learning Objectives
- Grasp the significance of worldwide economic movements on HR methodologies and the strategic planning procedure.