Strategy formulation

Jan 30th, 2015
Price: $10 USD

Question description

Strategy formulation requires an objective analysis of the factors that characterize the company's strategic situation. There are a number of techniques that can be used to create a quick strategic overview of the company. SWOT analysis is an example of such a technique. SWOT analysis is based on the assumption that an effective strategy derives from a sound ‘fit' between the company's internal resources (Strengths and Weaknesses) and its external situation (Opportunities and Threats). A good fit maximizes the company's strengths and opportunities and minimizes its weaknesses and threats.

Positive: Strengths Technological Skills Leading Brands Distribution Channels Customer Loyalty Customer Relationship Production Quality Management.

 Negative: Weaknesses Absence of important skills Weak Brands Poor Access to Distribution Low Customer Retention Unreliable Product/Service Management

Positive: Opportunities Changing Customer Tastes Change in Geographic Markets Technological Advances Changes in Government Policy Lower Personal Taxes Change in Demographic Structure New Distribution Channel

Negative: Threats Changing Customer Tastes Closing Geographical Markets

Technological Advances Changes in Government Policy Tax Increase Change in Demographic Structure New Distribution Channel

With the information above and other research, conduct a SWOT analysis on the company you selected. Write a narrative describing the analysis you conducted.

Tutor Answer

(Top Tutor) Mercy K
School: UC Berkeley

Studypool has helped 1,244,100 students

Review from student
" Outstanding Job!!!! "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1828 tutors are online

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors