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Skills to analyze business situations

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Reference no: EM131576268

STRATEGIC MANAGMENT

This assignment has 2 parts.

Part 1 - three paragraphs

Review the objectives for the course list below and answer the following questions. Each question should be answered in no less than one paragraph using APA formatting and citations.

Objectives: 

Analyze some of the changes occurring in the way that organizations structure themselves and their work.

Apply critical thinking skills to analyze business situations.

Appropriately use effective communication techniques.

Conclude situations that present potential ethical and ethical issues, and develop solutions for those issues.

Create plans to improve business operations.

Describe the joint utility and importance of all aspects of the global business organization in the strategic management process.

Differentiate the relationships between a firm and the political and economic forces within its community.

Interpret examples of good and bad business practices in the use of strategy design components.

Predict the opportunities provided by technology for businesses.

  1. How are these objectives relevant to strategic management?
  2. How will accomplishing these objectives support success in management?
  3. What risks or challenges might a manager encounter if they have not mastered these objectives? Explain.

Part 2 - three paragraphs

Review what SWOT analysis and factors are and answer the following questions. Each question should be answered in no less than one paragraph using APA formatting and citations.

  1. What is the importance of current data in a SWOT analysis?
  2. How do you identify the SWOT factors in a fictitious firm?
  3. Which SWOT Factors must be unique to the firm and which can be Generic? Why?

Reference no: EM131576268

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