A SWOT analysis stands for strengths, weaknesses, opportunities and threats. Strangths and weaknesses in a SWOT...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A SWOT analysis stands for strengths, weaknesses, opportunities and threats. Strangths and weaknesses in a SWOT analysis are referring to internal factors related to the company itself. A PESTEL analysis is a tool used to identify or evaluate external opportunities and threats. PESTEL as shown in the illustration below stands for political concerns, economic factors, social-cultural trends, technology changes, environmental concerns/trends, and legal issues that could potentially impact your business or industry. Opportunities and threats are external (to the company) factors. ones management can't control but must acknowledge and deal with. -- He POLITICAL ....! PESTEL 2 LEGAL ..... ..... (9 ECONOMIC ****.. SOCIAL TECHNOLOGY ENVIRONMENT Research the bike shop industry by reading three articles from the business databases -- Business Source Premier, Proquest One Business, or Academic Search Ultimate, available via the Murphy Library website. What political, economic, social-cultural, technological, environmental and/or legal threats and opportunities are facing bike shop owners today? Please limit your discussion to a paragraph and be sure to include a complete and appropriate citation for each of the articles read. A SWOT analysis stands for strengths, weaknesses, opportunities and threats. Strangths and weaknesses in a SWOT analysis are referring to internal factors related to the company itself. A PESTEL analysis is a tool used to identify or evaluate external opportunities and threats. PESTEL as shown in the illustration below stands for political concerns, economic factors, social-cultural trends, technology changes, environmental concerns/trends, and legal issues that could potentially impact your business or industry. Opportunities and threats are external (to the company) factors. ones management can't control but must acknowledge and deal with. -- He POLITICAL ....! PESTEL 2 LEGAL ..... ..... (9 ECONOMIC ****.. SOCIAL TECHNOLOGY ENVIRONMENT Research the bike shop industry by reading three articles from the business databases -- Business Source Premier, Proquest One Business, or Academic Search Ultimate, available via the Murphy Library website. What political, economic, social-cultural, technological, environmental and/or legal threats and opportunities are facing bike shop owners today? Please limit your discussion to a paragraph and be sure to include a complete and appropriate citation for each of the articles read.
Expert Answer:
Answer rating: 100% (QA)
Question 1 Strengths and weaknesses in a SWOT analysis pertain to internal elements unique to the business or organization being examined Weaknesses are the areas where a firm may be deficient or enco... View the full answer
Related Book For
Cost Management Measuring, Monitoring and Motivating Performance
ISBN: 978-1119185697
3rd Canadian edition
Authors: Leslie G. Eldenburg, Susan K. Wolcott, Liang Hsuan Chen, Gail Cook
Posted Date:
Students also viewed these general management questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
The following graph shows the relationship between GDP and the budget deficit or surplus. Spending and Tax Receipts " Y Y Gross Domestic Product Y The structural budget would predict a show a Taxes -...
-
Repeat Problem 11.26 assuming the turbine has an isentropic efficiency of 85%.
-
Which of the structures shown for the axial conformation of methylcyclohexane do you think is more stable, A or B? Why?
-
The compressive strength, in kilopascals, was measured for concrete blocks from five different batches of concrete, both three and six days after pouring. The data are as follows: Can you conclude...
-
C&C Properties is an S corporation that owns two rental real estate undertakings: Carrot Plaza and Cantaloupe Place. Both properties produce an annual $10,000 operating loss. C&Cs Schedule K...
-
Old Country Links, Incorporated, produces sausages in three production departments-Mixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed...
-
Coca Cola (KO) price is $61/share. The company is expected to pay dividend of $1.7/share next year. (In reality, dividends are paid quarterly. In this question we will assume for simplicity that all...
-
The profit or loss section of the statement of comprehensive income of ITS NOT OK TO BE OK Company for the year ended December 31, 2020 is reproduced below: Sales P 6,100,000 Cost of goods sold...
-
Explain how a selected situation-specifically could be used in any nursing situation?
-
Fat Cat Brewery (FCB) sells beer containing labels displaying a cat making a rude gesture with the middle finger. FCB's distributor, Robillio Distillery, applied to the Tennessee Alcoholic Beverage...
-
1. Give an example of how a company might use A/B testing during the concept validation phase. 2. What are the three building blocks of trust? 3. What groups constitute a company's stakeholders? 4....
-
Answer the following questions. There are two (2) questions making each question worth 50 points (16 points each for the citation, correct answer, and citator response). No 1. Are students entitled...
-
Do you think payday loan businesses should be allowed to operate? If you were the deciding vote in your city council to allow or ban these services in your city, how would you vote and why? Think...
-
3 11 Below are the past 8 quarters of demand for straw hats from the Monkey D. Luffy Millinery (a hat shop). Compute the trend and seasonal index from a linear regression and then extend the...
-
You are the newly appointed tax practitioner to complete Emilys tax return and have downloaded the prefill report for Emilys tax return (hint, you can read what a prefill report is here (Links to an...
-
Deepa Company manufactures two products using a joint process. The cost of materials used during a typical period is $55,000, while labour and overhead are $65,000. This level of operations results...
-
Dig We Must, Inc. produces three different grades of shovels. The differences among the shovels are due to the materials and construction of the handles. These differences result in cost and selling...
-
The following is the cost data per unit for KopyKat Companys single product, the Kat: Prime cost ................................................. $ 13 Variable manufacturing overhead .................
-
With your instructor's consent, identify a company and perform a background review of it to identify high-risk areas for an upcoming audit. Utilize all the electronic sources that have information...
-
According to the AICPA's ethical standards, an auditor would be considered in- dependent in which of the following instances? a. The auditor has an automobile loan from a client bank. b. The auditor...
-
Explain how "privileged communication" differs from confidential information.
Study smarter with the SolutionInn App