BUSINESS ADMINISTRATION
STRATEGIC MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strengths
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Weaknesses
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Opportunities
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Threats
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Detailed explanation-1: -A threat is a condition in the general environment that may hinder a company’s efforts to achieve strategic competitiveness. The demographic segment is concerned with a population’s size, age structure, geographic distribution, ethnic mix, and income distribution.
Detailed explanation-2: -OPPORTUNITY is a condition in the general environment that if exploited effectively, helps a company achieve strategic competitiveness.
Detailed explanation-3: -What is the general environment? The general environment, or macro-environment, is the variety of factors beyond an organization’s control that affect their operation and performance. These external influencers can determine whether a business experiences opportunities or setbacks in the marketplace.
Detailed explanation-4: -PESTEL reflects the names of the six segments of the general environment: (1) political, (2) economic, (3) socio-cultural, (4) technological, (5) environmental, and (6) legal.