Business, 14.04.2020 20:32 laylay1548

You have been asked to defend why your strategic analysis of StitchFix solely consists of an assessment of the company's external environment but not an evaluation of its internal resources and competitive position. How would you respond

A SWOT analysis is a simple but powerful tool for sizing up a company's market opportunities and the external threats to its future well-being.
A SWOT analysis does not need to reflect a weakness, or competitive deficiency, if it is already something a company lacks or does poorly (in comparison to others) or a condition that puts it at a disadvantage in the marketplace.
A SWOT analysis is a simple but powerful tool for sizing up a company's value chain components and summarizing the external assessment of its tangible and intangible resources that impact its future well-being.
A SWOT analysis does not need to reflect a strength if it is something a company is already good at doing or an attribute that enhances its competitiveness in the marketplace.
A SWOT analysis is indeed incomplete because managers need to draw on the results of both external industry analysis and the evaluations of the company's internal situation.

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