Why is it important to understand the 5 sources of revenue a

Why is it important to understand the 5 sources of revenue as part of the internal analysis? Lastly, as a business leader, you will have to determine what strategic issues and problem warrant \"front burner\" attention. How will use as manager employ the tools available to you in order to make those determinations?

Solution

The importance of understanding the sources of revenue is to identify which of them is the one giving more profit to the organization, which is given the less profit and the main reason for this, by analyzing this information we can take strategic decisions based on our strengths and weaknesses.

Using SWOT analysis and Porter´s five forces analysis I will be able to determine the front burner attention and the strategy we need to follow us a company to take advantage of our strengths and opportunities while we work on our areas of opportunities