Strategy Formulation Begins with Understanding the Issues That Require Managers

question 30

Essay

Strategy formulation begins with understanding the issues that require managers to assess those factors that influence the company's ability to compete. Choose one of the following types of organizations: a fast-food chain, a clothing manufacturer, a communications device manufacturer or service provider, or an automobile manufacturer. Perform a SWOT analysis on the company of your choice, using what you know about the company to list at least three strengths, three weaknesses, three opportunities, and three threats.

---

Definitions:

Practicum

A practical section of a course of study that gives students hands-on experience.

Educational Curriculum

A structured set of educational objectives, content, processes, and resources designed to facilitate learning.

Health Care Facility

A location where health care is provided, including hospitals, clinics, and long-term care facilities.

Adaptability

The ability to adjust or change in response to new conditions or environments.