Money vs. time, productivity vs. quality, and security vs. opportunity – these are just a few of the common trade-offs we have to deal with in business and everyday life.
In this online marketing and strategy course, we’ll look at two common trade-off scenarios that occur in business. In one, you do not have enough resources to pursue both options. In the other, the result of both options would cancel each other out.
We’ll then learn some approaches for dealing with both scenarios. Such as using indifference curves to balance options or choosing between generic strategies to create a competitive advantage.
After this course, you will have new ways to approach trade-offs to make the best decisions possible in these situations.