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Extreme reliance on metrics that have brought success in the past is likely to make a company miss opportunities that are created by disruptions in technology and consumer behavior.
  • a)
    Extreme reliance on metrics that have brought success in the past is likely to make a company miss opportunities that are created by disruptions in technology and
  • b)
    A company’s extreme reliance on metrics that have brought success in the past is likely to make it miss opportunities that are created by disruptions in technology and
  • c)
    A company that is extremely reliant on metrics that have brought success in the past makes it likely to miss opportunities that are created by disruptions in technology and
  • d)
    Being extremely reliant on metrics that have brought it success in the past is likely to make a company miss opportunities that it created by disruptions in technology and
  • e)
    Extreme reliance on metrics that had been successful in the past is likely to make a company miss opportunities created by disruptions in technology and those in
Correct answer is option 'A'. Can you explain this answer?
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Explanation:

Importance of Metrics in Business:

Metrics play an important role in measuring the success of a business. Companies use metrics to track their performance and identify areas that require improvement. Metrics help companies make informed decisions and allocate resources effectively. Metrics also help companies evaluate their progress towards achieving their goals and objectives.

Disruptions in Technology and Consumer Behavior:

Technology and consumer behavior are constantly evolving, and disruptions in these areas can create new opportunities for businesses. However, relying too heavily on metrics that have brought success in the past can make a company miss these opportunities. For example, a company that has been successful in a particular market may continue to rely on the same metrics even when a disruptive technology or change in consumer behavior creates new opportunities in a different market.

Extreme Reliance on Metrics:

Extreme reliance on metrics that have brought success in the past can create a narrow focus within a company. Companies may become too focused on the metrics that they have always used and miss opportunities that are created by disruptions in technology and consumer behavior. This can lead to missed opportunities, a loss of market share, and ultimately, a decline in the company's performance.

Conclusion:

In conclusion, while metrics are important in measuring the success of a business, extreme reliance on metrics that have brought success in the past can make a company miss opportunities that are created by disruptions in technology and consumer behavior. Companies need to be aware of these disruptions and be willing to adapt their metrics and strategies accordingly to stay competitive.
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Extreme reliance on metrics that have brought success in the past is likely to make a company miss opportunities that are created by disruptions in technology and consumer behavior.a)Extreme reliance on metrics that have brought success in the past is likely to make a company miss opportunities that are created by disruptions in technology andb)A company’s extreme reliance on metrics that have brought success in the past is likely to make it miss opportunities that are created by disruptions in technology andc)A company that is extremely reliant on metrics that have brought success in the past makes it likely to miss opportunities that are created by disruptions in technology andd)Being extremely reliant on metrics that have brought it success in the past is likely to make a company miss opportunities that it created by disruptions in technology ande)Extreme reliance on metrics that had been successful in the past is likely to make a company miss opportunities created by disruptions in technology and those inCorrect answer is option 'A'. Can you explain this answer?
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