Christopher's Restaurant and Catering serves delicious vegetarian and vegan dishes. So when the local community became interested in eating a healthier diet, Christopher's benefited. In a SWOT analysis, the changing community attitudes are an example of a(n) _____ for Christopher's Restaurant.
A. strength
B. threat
C. weakness
D. opportunity
E. intelligence
D. opportunity
Opportunities are outside matters. They are environmental factors that the organization may exploit for competitive advantage. Opportunities could be market segment analysis, industry and competition analysis, impact of technology on organization, product analysis, governmental impacts, and other external matters.
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Which of the following is considered a strategic advantage of the first-mover?
A. Technological literacy B. Superior brand name C. High market value D. Guaranteed long-term success
Two main communication challenges of using company internet systems are legal issues and? ________.
A) bandwidth limitations
B) lack of personal interaction
C) poor grammar
D) inability to handle visual impaired customers
Answer the following statements true (T) or false (F)
1. Values are the principles an organization holds most important. 2. Strategies are the directions an organization will pursue with respect to strategic issues. 3. A characteristic of a good objective is that it is specific. 4. Once a strategic plan is written, it should be used to stimulate wider discussion throughout the organization. 5. Chief executive officers may not allow clients to read the strategic plan.
According to West (2008) a research team is known as what type of team?
a. Advice and Involvement Team b. Action and Negotiation Team c. Project and Development Team d. Production and Service Team