Question
Populate the quadrants of a SWOT table for Acme Corp. from the following information: Acme Corp. entered the office furniture industry 5 years ago.It has
Populate the quadrants of a SWOT table for Acme Corp. from the following information:
Acme Corp. entered the office furniture industry 5 years ago.It has $1 million in its cash reserves with another $1m line of credit.It has successfully hired the engineering, marketing, and other talent to whom it has made offers.These individuals were drawn to Acme's clear and compelling mission statement and its inclusive corporate culture.Acme has a very low employee turnover rate. Acme has an estimated 25% market share.It has successfully launched 3 new products in the last 2 years.
Baker Corp. has been in the industry for over 30 years and has a 35% market share.It has $5 million in its reserves and lines of credit.It is a bit traditional in its management style.
The industry is experiencing the effects of the global recession and growth rates are expected to be in the 1-1.5% range for the next 1-3 years.Competitors from Korea and China have made in-roads into the European market and are beginning to enter North America.The nature of jobs and the usage of offices are changing as a result of technological innovation and the office of the future will be quite different than it has been.
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