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Sagot :
According to the SWOT analysis, this new retailer is an organizational threat to Blazing Pitchforks.
SWOT analysis is a management tool that helps an organization to analyze its strategic position in the market in relation to its:
- microenvironment
- macroenvironment
SWOT analysis is an acronym that stands for:
- Strength
- Weaknesses
- Opportunities
- Threats
In relation to the organizational environment.
In the internal environment, the strengths and weaknesses that it is possible to control through the management of resources and capabilities, such as:
- marketing
- finance
- production
- organization
Are analyzed for strategic development that results in a competitive advantage over competitors.
The external environment, on the other hand, corresponds to factors outside the organizational limit, which it is not possible to control but which have some impact on its activities, such as economic, political and entry of new competitors, such as the large retailer which will compete with the Blazing Pitchforks, which may impact its profitability.
Therefore, it is necessary to monitor the external environment, opportunities and threats, for the development of an adaptable and innovative strategic plan to reduce negative impacts related to the external environment.
Learn more here:
https://brainly.com/question/18068310
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