1. What does SWOT analysis mean? A strengths, weaknesses, opportunities and thre
ID: 345741 • Letter: 1
Question
1. What does SWOT analysis mean? A strengths, weaknesses, opportunities and threats of the organization 8. strategy, weakness, opportunities and threats of the organization C. strengths, wide target market, opportunity and threats of the organization D. all of the above 2. A company that produces ice cream bars, cookies, cakes and soups (all food related)is implementing which of the following? A. single product strategy B. related diversification C. unrelated diversification D. trend analysis 3. To keep a strategic plan on track what do you need to do? A. engage people B. keep it simple C. stay focused D. all of the above 4. Where can management look for strengths and weaknesses in their organization? A. organizational culture B. functional areas C. value chain activities D. all of the above 5. According to Porter's theory (youtube video specifically) how can a company ensure they reduce the power of the supplier, in other words, how do you ensure the supplier does not hold the power over the company? A. using more than one supplier for instance 2 or 3 B. sticking to one supplier C. choosing the supplier with the most expensive materials D. choosing a suppliers only in your locationExplanation / Answer
1) A- actually a treat to the organization from competitors/ market etc.
2) B- it's called leveraging existing competencies and quite successful when one does in same category of product/ service
3) D- focus on all resource/ process/ operations
4) D- certainly its People in all functions, all macro and micro Process and Operations
5) A- this gives the buyer a better negotiating power, with choice and availability of more than 1 material
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