Consider all weaknesses one by one listed in the swot analysis with each opportunity to determine how each internal weakness can be eliminated by using each external opportunity

TOPIC IS BEST BUY!!!

 

Choose the top 1 or 2 of the alternatives and identify this as your recommendation. Tell why you chose this strategy.

Types of strategies:

SO strategy

– Strengths & opportunities

– Use of internal strengths to exploit external opportunities

– Consider all strengths one by one listed in the SWOT analysis with each opportunity to determine how each internal strength can help you capitalize on each external opportunity

– For example… strengths such as high brand recognition or customer loyalty could be combined with the opportunity to launch a new product or service

ST strategy

– Strengths & threats

– Use of internal strengths to avoid or minimize the impact of external threats

– consider all strengths one by one listed in the swot anakysus with each threat to determine how each internal strength can help you avoid every external threat

WO strategy

– Weakness and opportunities

– Overcoming internal weakness by exploiting external opportunities

– Consider all weaknesses one by one listed in the swot analysis with each opportunity to determine how each internal weakness can be eliminated by using each external opportunity

– May have identified an opportunity to outsource some aspects of its business operations, overcoming the weakness of lack of specific skills within the organization

– For example…

WT strategy

– Weakness and threats

– Overcoming internal weakness and minimizing external threats

– Consider all weaknesses one by one listed in the swot analysis with each threat to determine both can avoid

– For example… strategies could include developing strategic alliances or a more drastic strategy could be to withdraw from specific market altogether

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