1. What does SWOT analysis mean? A. strengths, weaknesses, opportunities and thr

Question

1. What does SWOT analysis mean? A. strengths, weaknesses, opportunities and threats of the organization B. strategy, weakness, opportunities and threats of the organization c. strengths, wide target market, opportunity and threats of the organization D. all of the above 2. A company that produces ice cream bars, cookies, cakes and soups (all food related) is implementing which of the following? A. single product strategy B. related diversification C. unrelated diversification D. trend analysis 3. To keep a strategic plan on track what do you need to do? A. engage people B. keep it simple C. stay focused D. all of the above 4. Where can manag ement look for strengths and weaknesses in their organization? A. organizational culture B. functional areas C. value chain activities D. all of the above 5. According to Porter's theory (youtube video specifically) how can a company ensure they reduce the power of the supplier, in other words, how do you ensure the supplier does not hold the power over the company? A. using more than one supplier for instance 2 or 3 B. sticking to one supplier C. choosing the supplier with the most expensive materials D. choosing a suppliers only in your location

Explanation / Answer

Right option is A. It is strength, weakness, opportunity and threat of an organisation. Right option is B. related diversification. As, this product are similar is nature. As, all are food related. Right option is D. all this needed to keep strategic plan on track and successful. Right option is D. all this area are advisable to look for strength and weakness. As, culture, functional area , value chain all are pillar of organisation structure. Right option is A. using 2-3 supplier which allow to create low dependency.

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