BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Identify a threat from the list below:
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New market opened up
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Competitor opening a new outlet next to your business
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Poor staff training
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Expansion overseas
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Explanation:
Detailed explanation-1: -Competitor threats can be everything from supply chain disruptions (hello, 2020/2021) to new companies being formed. If the competitor you are analyzing provides something similar to your own product or offering, these threats may be similar to your own. In this sense, threats can be both internal and external.
Detailed explanation-2: -Threats are one of four parts to a SWOT analysis; the others are strengths, weaknesses and opportunities. What are your threats? They might include your peer companies’ relative strength, an industry-wide shortage of materials needed to make your products or a sluggish economy.
There is 1 question to complete.