Dig Business Lesson 3

Multiple Choice

The following are Key Components of Opportunity Analysis except ...

• Government policies

• competitive landscape

• Industry trends

• customer needs

Match

Match the right description to its appropriate opportunity Analysis component

• Market Size & Growth

• Customer Needs

• Competitive Landscape

• Industry Trends

• Regulatory Environment

Evaluating project expansion rates

Understanding unmet demands

Analyzing existing players

Identifying emerging patterns

Assessing compliance requirements

• Evaluating project expansion rates

• Understanding unmet demands

• Analyzing existing players

• Identifying emerging patterns

• Assessing compliance requirements

Multiple Select

Identify 2 benefits of Conducting Opportunity Analysis from the following options

• Profitable Growth Areas

• Increased Competition

• Employability risks

• Risk Minimization

Drag and Drop

The benefit of conducting opportunity analysis that ensures capital and talent flow to opportunities with highest return potential is

Placeholder

Drag these tiles and drop them in the correct blank above

Strategic Resource Allocation

Risk Minimization

Profitable Growth Areas

Multiple Choice

The opportunity analysis process that establishes clear analysis goals and target specific markets or segments is ...

• Gather Relevant Data

• Define Objectives & Scope

• Internal Assessment

• Assess Feasibility & Returns

Multiple Choice

The following are Tools for Opportunity Analysis except:

• SWOT Analysis

• PESTLE Analysis

• Porter's Five Forces

• SWAT Analysis

Multiple Choice

What tool for opportunity analysis visualizes key elements of potential business opportunities.

• SWOT Analysis

• PESTLE Analysis

• Porter's Five Forces

• Business Model Canvas

Multiple Choice

Overlooking risks is one common pitfall in opportunity analysis

• True

• False

Match

Match the description to the appropriate best Practice for effective opportunity analysis

• Diverse Data Sources

• Cross-Functional Teams

• Regular Updates

• Balanced Approach

Combine quantitative market data

Involve marketing, finance dept, etc

Make opportunity analysis continous

Use Data-driven analysis with intuition

• Combine quantitative market data

• Involve marketing, finance dept, etc

• Make opportunity analysis continous

• Use Data-driven analysis with intuition