There is a lot of talk in the news and in society as a whole about the ability o

Question

There is a lot of talk in the news and in society as a whole about the ability of American businesses to compete with the rest of the world. Some say our labor costs are too high and that the Chinese manufacturing has beaten the Americans. Some claim our regulations or taxes make it difficult for American companies to compete.

Do a quick SWOT (Strength/Weakness/Opportunity/Threat) on how you see American businesses.

Discussion: Do you think American businesses will lose out or beat the rest of the world?

1. Tell us why you have drawn that conclusion.

Explanation / Answer

SWOT - This stands for strength weakness opportunity and threats

Strength - It is the internal capability of the firm to take competitive advantage. So the Strength of the American company is the better management and highly qualified employees

Weakness - The weakness is inherent limitations of company with in the organisations. The weakness of the company here is having a high labour cost as compared to China or others

Opportunity - Opportunity is the external Favourable market conditions which gives benefits to the company. Here the opportunity for the company is having a good and fair taxes and regulations in the country as compared to other.

Weaknesses - Weakness is the external inherent limitations of the company which creates problem to the company. Here the weakness of the american companies is high cost of the products as compared to the companies in China

Yes I think American businesses will beat the rest of the world because a better quality product and good rules and regulations and economic conditions

This coclusion can be drawn by the SWOT analysis which helps to provide the view of company from every aspect

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