Question: Hello, please help with questions 2-4. Thank you. Exercise Background SWOT is an acronym for Strengths, Weaknesses, At one time, the firm was successful in

Hello, please help with questions 2-4.

Thank you. Hello, please help with questions 2-4. Thank you.

Exercise Background SWOT is an acronym for Strengths, Weaknesses, At one time, the firm was successful in part because it Opportunities, and Threats. The idea behind SWOT is that was able to charge premium prices for top-quality producthe, a good strategy exploits an organization's opportunities and In recent years, however, management has tried cutting strengths while neutralizing threats and avoiding or correct- costs as a means of bringing prices in line with those of nes ing weaknesses. Youvejustbeenhiredtorunamedium-sizecompanyworkedwell,withtheeffectofcostcuttingbeingpriman.competitorsinthemarket.Unfortunately,thestrategyhasnt that manufactures electric motors, circuit breakers, and simi- ily a fall-off in product quality. Convinced that a new strateg] lar electronic components for industrial use. In recent years, is called for, you've decided to begin with a SWOT analyiif, the firm's financial performance has gradually eroded, and your job is to turn things around. Exercise Task Reviewing the situation, you take the following steps: (Note: When using the Internet, be sure to provide spe- 1. List the sources that you'll use to gather information about cific websites or URLs.) the firm's strengths, weaknesses, opportunities, and threats. 3. Next, rate each source that you consult in terms of prob- 2. Then ask yourself: For what types of information are able reliability. data readily available on the Internet? What categories of data are difficult or impossible to find on the Internet? 4. Finally, ask yourself how confident you'd be in basiing decisions on the information that you've obtained

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