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Combust Con Inc. specializes in manufacturing internal combustion engines. Recently, Combust Con has decided to create a division for the flexible fuel field. During this time, Ashton, the HR manager, has been reviewing and updating job descriptions. With the knowledge that a new division of jobs will be created, what would be the appropriate course of action for Ashton to take next?
SWOT Analysis
A strategic planning tool used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats, to gauge internal and external factors affecting its objectives.
External Analysis
The evaluation of factors outside a business that can impact its performance, such as economic trends, competitive landscape, and regulatory environments.
Internal Analysis
The process of examining an organization's strengths, weaknesses, internal resources, and capabilities to improve performance or strategic planning.
Bargaining Power of Buyers
The ability of buyers to negotiate lower prices or better terms with sellers, influenced by factors such as market competition and buyer concentration.
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