Week 3 Assignment

User Generated

zto3

Business Finance

Principles of Business Management

Description

PLEASE REMEMBER THIS WILL BE SUBMITTED THROUGH TURNITIN, THEREFORE IT CANNOT BE PLAGIARIZED!!

This assignment has 3 parts; please submit all parts on 1 file (it should take around 2 to 3 pages total)

Part 1 - Chapter 4 on the essentials of planning and strategy explains what a SWOT Analysis is. Choose a company from the Fortune 500 (http://fortune.com/fortune500/list/) of your choice, research the company and create a SWOT Analysis for them.

Part 2 - After reading Chapter 5 on decision making, creativity, and innovation; think of the kinds of issues that are arising in your simulation game; think of hypothetical examples of real situations that could arise in a real coffee shop and write about solutions you may implement if you were able to.

Part 3 - Chapter 7 is on Job Design and arranging work. In your own words; explain the difference between Job involvement, Job enlargement, and Job rotation? What is the difference between Job enrichment and job enlargement?

User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running Head: BUSINESS MANAGEMENT

Business Management
Student’s Name

Instructor

Institutional Affiliation

Date

1

BUSINESS MANAGEMENT

2

Part 1 – SWOT Analysis of Netflix

Strengths

Netflix customers get customized film requests depending on what films they love. It also
allows for a queue of shows to be selected based on the client's list of preferences. This gives the
organization an advantage over most of the movie providers out there as it enables the customers
to peruse through their preferences easily (Teece, 2010). Also, the overhead for managerial, staff,
and property costs are essentially low because Netflix is an online company. Therefore, the
overhead costs are fixed, making business costs somewhat more affordable for them (Matrix,
2014).

Weaknesses

New movies require a lot of cash for authorizing costs and assembling duplicates of
DVDs to increase service offerings (Teece, 2010). Therefore, this influences the capacity of the
organiza...


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