Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You are to do a SWOT Analysis of your assigned SratSim firm. You will do this as of the very beginning of the simulation, prior

You are to do a SWOT Analysis of your assigned SratSim firm. You will do this as of the very beginning of the simulation, prior to any decisions being made. A thorough understanding of the industry, external environment, markets, competitors plus your own firm's strengths and weaknesses will help you develop a strategic plan (your next assignment).
Part 1(25 points): List strengths, weaknesses, opportunities, and threats. It is unlikely you will find a lot of strengths given that all of your competitors have the exact same resources as your firm. For example, you may list as a weakness that your firm makes only two models of cars and these are the exact models that your competitors make. However, you +may determine that the financial resources are a strength because of the potential they have in changing your company's current situation.
The more expensive this list, the better handle you will have on the simulation.
Part 2(25 points): Give your list in Part 1, is your firm protected from its threats and does it have the ability to take advantage of its opportunities (explain).
Part 3(25 points): Based on your analysis in Part 2, which strategic alternatives do you recommend that your firm pursue (explain).
I-=
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISE Project Management The Managerial Process

Authors: Erik W. Larson, Clifford F. Gray

8th Edition

1260570436, 978-1260570434

More Books

Students also viewed these General Management questions