When a company is undertaking strategic analysis and adoption, one approach could be to use the...
When a company is undertaking strategic analysis and adoption, one approach could be to use the strength-opportunity approach. What does it mean?
Homework Answers
| Strengths are your Organisations internal/positive attributes. |
| The following assessment would help the organisations to know it's strengths |
| What are the successful business processes? |
| What assets, such as Skill sets do you have in your team? |
| In Which area business is success at? |
| What are your competitive advantages over your competition? |
| Opportunities are external factors that are likely to contribute success. And use the Organisations strengths |
| Is your products/services market is rising? |
| Are there future events that your business can take advantage of in order to grow the business? |
| Are there future regulatory changes that could be useful for the organisation? |
| Interpreting the above things will be termed as Strength-Oppurtunity approach. |
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