Hero motocorp is the top player in the motorcycle segment. This was achieved by studying the changing business dynamic like growing trend of scooterisation and popularity of premium motorcycle. The company operates in India and 36 countries. Identify the importance of analysing business environment which helped hero to gain market share.
Answers
Answered by
0
Answer:
Identifying Business opportunities and getting first mover advantage
Explanation:
Business environment is a source of opportunities, which have the potential to improve the firms performance. By analysing environment for opportunities, a firm can find the opportunity first and exploit it before losing to it's competitors.
This is exactly what Hero motorcorp has done
Similar questions