What are the different functions of the pims?
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The functions of PIMS are:
1. To highlight the relationship between a business's main strategic decisions and their consequences.
2. If the data is analyzed correctly it can help the managers to gain a better understanding of their business environment.
3. It can help them to identify the critical factors in improving the position of their companies.
4. It can help them to develop strategies which will enable them to create a sustainable advantage.
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The different functions of Profit Impact of Market Strategies (PIMS) are:
*Pointing out the relationship between the vital strategic decisions of a business and its outcomes
*Identifying what strategies are ideal for what businesses and in what environment
*Highlighting the normal cash flows and ROI for a business considering the competition, market, cost structure, and technology involved
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