Explain industry and competency analysis
Industry analysis provides management with an analysis of the driving forces that affect its industry and its organization's performance. Such analysis offers a fact-based perspective on the industry's important trends, significant risks, and potential opportunities that may impact the business's performance.
Competency analysis provides a complete picture of the organization's effectiveness as see via four strategic filters: resources, infrastructure, product/services, and customers. By assessing these factors, an organization can develop an accurate view of its relative strengths, weaknesses, and core competencies. This analysis helps in developing strategic options, which are based on an understanding of the future environment and the firm's core competencies. Strategic opportunities may include market-entry options or new product development options.
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In 1994, ________ established a free trade zone among the United States, Canada, and Mexico
A) GATT B) the WTO C) NAFTA D) the EU E) CAFTA
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What will be an ideal response?
What is comparative labor relations and why is it important for developing a broader understanding of labor relations?
What will be an ideal response?