question_answer

Telecom sector was opened up to private sector as a reform under Economic Policy, 1991. Nokia became the first cellular company to operate in 1994 and dominated the market. Later, it lost its market share and was absorbed by Microsoft. The management of Microsoft examined the environment and made suitable changes. Identify the point of importance of business environment with appropriate actions reflected in the above case.

A) It helps in identifying opportunities and getting first mover advantage

B) It helps in identifying threats and early warning signals

C) It helps in improving performance

D) It helps in tapping useful resources