Author Question: What is a SWOT analysis? How is it used in strategic planning? What will be an ideal ... (Read 89 times)

abarnes

  • Hero Member
  • *****
  • Posts: 556
What is a SWOT analysis? How is it used in strategic planning?
 
  What will be an ideal response?

Question 2

Compare and contrast globalization and regionalization.
 
  What will be an ideal response?



orangecrush

  • Sr. Member
  • ****
  • Posts: 350
Answer to Question 1

A SWOT analysis is a summary of the external issues (opportunities and threats) and internal resources (strengths and weaknesses) that are most likely to influence the future or intended direction of the firm. In comparing the company with potential international competitors in host markets, a SWOT analysis becomes useful for managers to draw up a competitive position matrix for each potential location. This analysis is used after assessing the external and internal environments to help firms determine their strategic direction.

Answer to Question 2

Globalization is the strategy of treating the world as an undifferentiated marketplace, and the establishment of worldwide operations and the development of standardized products and marketing. A regionalization strategy focuses more on certain regions of the world only and their distinctiveness. With a regionalization strategy, local markets are linked together within a region allowing more local responsiveness and specialization. Globalization requires establishing worldwide economies of scale; regionalization requires flexibility and adaptability.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

In 2010, opiate painkllers, such as morphine, OxyContin®, and Vicodin®, were tied to almost 60% of drug overdose deaths.

Did you know?

In women, pharmacodynamic differences include increased sensitivity to (and increased effectiveness of) beta-blockers, opioids, selective serotonin reuptake inhibitors, and typical antipsychotics.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

For a complete list of videos, visit our video library