Questions: The third and fourth components in developing or changing a business strategy, external and internal analysis, together form what is called a(n)

The third and fourth components in developing or changing a business strategy, external and internal analysis, together form what is called a(n)
Transcript text: The third and fourth components in developing or changing a business strategy, external and internal analysis, together form what is called a(n) $\square$ $\square$
failed

Solution

failed
failed

The answer is: SWOT Analysis

Explanation:

  1. SWOT Analysis: The term "SWOT" stands for Strengths, Weaknesses, Opportunities, and Threats. This framework is used to evaluate both internal and external factors that can impact a business strategy.

    • Internal Analysis: This involves examining the internal environment of the organization, focusing on its strengths and weaknesses. Strengths might include a strong brand, loyal customer base, or proprietary technology, while weaknesses could be things like high employee turnover or outdated technology.

    • External Analysis: This involves looking at the external environment to identify opportunities and threats. Opportunities could be new market trends, technological advancements, or regulatory changes that could benefit the business. Threats might include new competitors, economic downturns, or changes in consumer behavior.

By combining these two analyses, businesses can develop a comprehensive understanding of their strategic position and make informed decisions to enhance their competitive advantage.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
Find the equation of the line tangent to the graph of f(x) = (ln x)^2 at x = 8.
failedAnswered
For the circuit in the given figure, use KVL to find the branch voltages V1 to V4. Assume A=9 V, B=10 V, C=3 V, and D=11 V. The branch voltages V1, V2, V3, and V4 are V, V, V, and V, respectively.
failedAnswered
Time to Practice 1. Use these data to answer Questions 1a and 1b. These data are saved as Chapter 5 Data Set 2. a. Compute the Pearson product-moment correlation coefficient by hand and show all your work. b. Construct a scatterplot for these 10 pairs of values by hand. Based on the scatterplot, would you predict the correlation to be direct or indirect? Why? Number Correct (out of a possible 20) Attitude (out of a possible 100) --------------------------------------- 17 94 13 73 12 59 15 80 16 93 14 85 16 66 16 79 18 77 19 91
failedAnswered
If you put up 39,000 today in exchange for a 6.5 percent, 16-year annuity, what will the annual cash flow be? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
failedAnswered
Work with a partner. Take turns drawing one cube from the bag and placing it on your page in the rectangle of the same color. When the bag is empty, do I can ... you have more red or blue cubes? How do you know? Draw a picture of your cubes in the rectangles showing which group has more. Compare the number of objects from 0 to 20 in two groups using the terms less than, equal to or greater than.