Semi-Finals Tr Flashcards

1
Q

Origination SWOT

A

Albert S Humphrey in the 1960s

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2
Q

Functions of SWOT

A
Strategy tool/formulation
Organization method
Provide directions for next stages
Decision making
Pre-Crisis planning
Recommendation in study
Achieve objectives
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3
Q

Internal Factors

A

Strengths

Weaknesses

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4
Q

External Factors

A

Opportunities and Threats

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5
Q

PEST analysis

A

Political, Economic, Social and Technological analysis

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6
Q

SWOT

A

Focus on your strengths
Shore up your weaknesses
Capitalize on your opportunities
Recognize your threats.

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7
Q

How many quarters in a year

A

4

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8
Q

External

A

Competitors, Environment

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9
Q

SW

A

Human Resources
Financial Resources
Access the Natural Resources
Physical Resources

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10
Q

Political support

A

S

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11
Q

Funding available

A

S

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12
Q

Market experience

A

S

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13
Q

Strong leadership-Management

A

S

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14
Q

Good employees

A

S

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15
Q

Costly

A

W

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16
Q

Environmental impact to the company

A

W

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17
Q

Stuff resources: incapable insufficient

A

W

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18
Q

Market trends- new products, shifts in audience needs

A

OT

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19
Q

Economic trends- local, national, international, financial trends

A

OT

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20
Q

Funding-donation, legislativeq

21
Q

Demographics- target audiences, age, race, gender, culture

22
Q

Relationships- suppliers and partners

23
Q

May improve local economy

24
Q

Improve safety

25
Boost public image
O
26
Planning ched
O
27
Creating additional concept
O
28
Task/plan not completed by endline
T
29
Environmental constraints
T
30
Time delay
T
31
Opposition to charge- being pessimist/ negative about change
T
32
Characteristic of the business that give it an advantages over other companies
S
33
Personnel, Finances, Manufacturing, Capabilities
S
34
Distraction, competition, shortage, lack of abilityq
W
35
Characteristic places the business at disadvantage relative to other companies
W
36
Elements that the place could exploit to its advantage
O
37
Well-established; defined market niche
O
38
Identified marketq
O
39
Elements in an environment that could cause trouble for the business
T
40
Others to invade large companies operating at a minor level
T
41
Technological changes, legislation; socio-cultural factors
T
42
Helpful in achieving objectives
Strengths and Opportunities
42
Harmful to achieving objectives
Weaknesses and Threats
42
Strengths
Benefits Employees Managers (Experience and Contribution) Travel
42
CHANGES ARE
Dynamic
42
Sick Leave or Vacation Leave
Tenured/Permanent Employee
42
Internal
Company
42
Complex Management
W