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Strategy Formulation Begins with Understanding the Circumstances, Forces, Events, and Issues

question 19

Essay

Strategy formulation begins with understanding the circumstances, forces, events, and 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:

United States

A country comprised of 50 states, a federal district, five major self-governing territories, and various possessions, known for its large economy and influential culture.

Until

Refers to a point in time up to which an action or condition is valid or in effect.

Disparate-Treatment Discrimination

Discrimination in the workplace that occurs when an employee is treated unfavorably because of characteristics such as race, gender, age, or religion.

Burden of Proof

The obligation to present evidence to support one's claim or defense in a legal proceeding.

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