Question
Need help in rewriting this in my own words, please Andrews' Threats In this aspect, the SWOT analysis focuses on the threats that a business
Need help in rewriting this in my own words, please
Andrews' Threats
In this aspect, the SWOT analysis focuses on the threats that a business organization
experiences from different sources, including its competitors and government regulations.
Threats are external factors that reduce or limit the financial performance of the organization. In
Andrews' case, the significant threats noted include: stiff competition for its competitors,
imitation, restrict environmental regulations, and the rising cost of laborers.
High competition in the industry is due to aggressive competition between existing firms.
Andrews Company competes with companies like Baldwin, Chester, Digby, Erie, and Ferris,
which are using rapid innovation. In addition, the company faces threats to imitation, which is significant because of numerous firms both locally and internationally, that can imitate the design and features of its products. As a result, Andrews' financial performance may suffer because of stiff competition and imitation of product design.
Ethical, Legal, and Social Challenges
In the future, there is a possibility that Andrews Company could face ethical, legal, and
social challenges. These challenges can be overcome using different strategies. In the context of
Andrews, some of the ethical, legal, and social issues impacting the company, as well as
strategies for eliminating the problems are significant to explore.
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