Identify and describe the four factors in a SWOT analysis and give examples for Ben & Jerry's Ice Cream that help it identify the critical strategy-related factors that could impact the firm.
What will be an ideal response?
A SWOT analysis is an acronym that describes an organization's appraisal of its internal Strengths and Weaknesses and its external Opportunities and Threats. The four critical factors in a SWOT analysis and examples for Ben & Jerry's are: (1) internal strengths, such as its (a) prestigious, well-known brand name among U.S. consumers that complements Unilever's existing ice cream brands and (b) widely recognized social mission, values, and actions; (2) internal weaknesses, which include (a) Ben & Jerry's social responsibility actions that could reduce focus and (b) the need for experienced managers to help growth, modest sales and profits in recent years; (3) external opportunities, such as (a) the growing demand for quality ice cream in overseas markets, (b) the increasing U.S. demand for Greek-style yogurt, and (c) the many U.S. firms successfully use product and brand extensions; and (4) external threats, such as (a) consumer concern with sugary and fatty desserts, (b) competition with General Mills and Nestle brands, and (c) increasing competition in international markets. See Figure 2-7.
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Indicate whether the statement is true or false
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