Elaborate on the drawback of SWOT analysis with the help of an example.
What will be an ideal response?
Student answers will vary.
Although the SWOT analysis is a widely used management framework, a word of caution is in order. A problem with this framework is that a strength can also be a weakness, and that an opportunity can also simultaneously be a threat. For example, Google's headquarters in Silicon Valley and near several universities acts as a key resource for the firm. Most people would consider this a strength for the firm. However, California has a high cost of living and is routinely ranked among the worst of the states in the U.S. in terms of "ease of doing business." In addition, this area of California is along major earthquake fault lines and is more prone to natural disasters than many other parts of the country. So Google's location can be a strength or a weakness.
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________ is a sampling procedure in which each element of the population has a fixed probabilistic chance of being selected for the sample
A) Nonprobability sampling B) Probability sampling C) Convenience sampling D) Judgmental sampling
Federal Reserve Board guidelines for checks:
a. require indorsements to be in blue or black ink. b. must be followed or the check will not go through the banking system. c. require bank indorsements to be made within 2 inches of the left edge of the back of the check. d. Require indorsements to be in blue or black ink and that bank indorsements to be made within 2 inches of the left edge of the back of the check.
The head of the marketing area told Alex to find the most stringent federal regulations on advertising to create the toughest standards. "If we can pass those, we should be able to get by all regulations." One real problem is
A. as long as the advertising does not contain sexually explicit content, there are no regulations. B. state regulations are not always consistent with federal standards. C. FCC regulations create a uniform standard that preempt all other regulations. D. in most cases, standards are changing almost daily. E. European countries have agreed to follow the U.S. standards, so it's a matter of working with the U.S. federal regulations.
Olga, a minor, signs a contract to buy a computer from Phil, the owner of Quality Computer Store. Olga's right to disaffirm the contract
A. does not change the fact that Phil is bound by the contract. B. does not yet exist because Olga is still a minor. C. gives Phil, an adult, the right to disaffirm the contract. D. is not valid because a computer is a "necessary."