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3.1 Business Objectives and Strategy
By Martin Asaad
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Last updated over 1 year ago
5 questions
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Question 1
1.
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Question 2
2.
Give 2 things SWOT looks at in terms of strategic planning
Question 3
3.
Give one strength of SWOT
Question 4
4.
Question 5
5.
Threats
A method for analysing a business , its resources, and its environment
Weaknesses
Any feature of the external environment which creates positive potential for the business to achieve its objectives.
Strengths
Any external development that may hinder or prevent the business from achieving its objectives
Opportunities
Features within the control of a business that are a source of competitive advantage
SWOT Analysis
Features within the control of a business that are a source of competitive disadvantage
Match
Strengths
Opportunities
Weaknesses
Threats
Internal Audit
External Audit
What are the following:
-High market share
-Technological leadership
-High productivity
-Employee skills
-Achieving economies of scale
Potential business weaknesses
Internal audit
Potential business strengths
Financial Aims