Question

The primary output of the strategic management process should be matching of. its strengths and weaknesses to the opportuniti

required short answer otherwise not acceptable its short question

0 0
Add a comment Improve this question Transcribed image text
Answer #1

For being successful in the business environment, an organisation must do internal analysis ( assessment of its strengths and weaknesses) and externl analysis ( analysis of opportunities and threats).Example is an organisation which likes to introduce a range of proessed cheese in a market. It needs to assess its strengths ( like subject expertise, prior experience in the field, investment capacity market knowledge. etc.), weaknesses ( any internal issue that might diminish the chances of the company, such as lack of qualified human resources). It also needs to know about its opporunities ( like an unexplored huge market, govt. policies etc.) and threats ( like strong competition, lack of awareness among consumers) for being successful in the market.

Add a comment
Know the answer?
Add Answer to:
required short answer otherwise not acceptable its short question The primary output of the strategic management...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT