SWOT Analysis A SWOT analysis provides organizational strategists with key information and a realistic assessment and understanding of both the internal and external environments. This activity is important because A SWOT analysis is a useful tool in gathering Information about the competitive environment to establish a grand strategy. The goal of this exercise is to challenge your knowledge of SWOT analysis. Select the most appropriate area of the SWOT analysis for each item. 1. The R&D program at the company produces world-class products. Click to select) 2. Our product is targeted to young professionals under 35 years of age. That group is growing. Click to select) 3. The equipment the company owns is last generation and does not have the latest technology, Click to select) 4. There have been several up and coming companies that are beginning to enter our market space. ICR to select 5. Word is that a new highway is being built in the next couple of years, making it easier to transport our products from the factory Cier to select) 6. The employees who work for us are highly skilled and leaders in their field to select) 7. Management does not provide a big budget to support the world-class staff that work for the company Click to select) 8. The company uses a fair amount of short-term debt financed through the bank. Economic projections indicate that interest rates may rise in the future and credit will be more difficult to obtain Click to select) 3

Using the FAFSA form, you can apply for

Leo is starting a company that leases shared workspaces, and he has approached SCORE, an SBA organization that assists small-business owners in setting up their companies. The SCORE counselors would probably advise Leo, as a new business owner, toMultiple Choice1. learn from experience, the best teacher, rather than a mentor.2. avoid developing a business plan the first year of business.3. get a new perspective by asking people who have failed.4. try new things regardless of the risk.Write a business plan.

Doug, as a new project manager, has been described by his subordinates as not being a servant leader. Which of the following items is an example of Doug not being a servant leader? a) Doug asks his team how he can help them on a difficult project, and then follows through on their requests. b) Doug uses the last five minutes of every meeting to praise team members by highlighting what they have contributed to the project. c) Doug tells his employees that he needs to know everything that is going on in the department, especially if someone is NOT buying in to the project goals. d) Doug orders lunch to be brought in from a local restaurant, as means of thanking his employees while working on a project with a tight deadline.

State-of-the-art security is foolproof. a) True b) False

Efficiency-wage theory suggests that paying a. high wages might be profitable because they lower the efficiency of a firm’s workers. b. high wages might be profitable because they raise the efficiency of a firm’s workers. c. low wages might be profitable because they raise the efficiency of a firm’s workers. d. low wages might be profitable because they lower the efficiency of a firm’s workers.

SynVens, a major retail chain in Hungary, is planning to diversify. It plans to enter the Textiles industry and aims to be first or second in market share in this industry in five years. Which of the following levels of plan does this strategy fall under?