Question

What are the 5 components of digital business strategies (planning, implementing, monitoring)?

Option 1: Analysis
Option 2: Integration
Option 3: Optimization
Option 4: Evaluation

Answer 1

The 5 components of digital business strategies are analysis, integration, optimization, and evaluation.

Step-by-step explanation:

The 5 components of digital business strategies are:

1. Analysis: This involves conducting market research and analyzing data to identify opportunities and challenges in the digital business landscape.
2. Integration: This refers to the process of integrating digital technologies and platforms into existing business operations to enhance efficiency and effectiveness.
3. Optimization: This involves optimizing digital business processes and systems to improve performance and achieve desired outcomes.
4. Evaluation: This refers to assessing the effectiveness and success of digital business strategies through monitoring and analyzing key performance indicators.