Answered

Discover the answers you need at Westonci.ca, where experts provide clear and concise information on various topics. Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Our platform provides a seamless experience for finding reliable answers from a network of experienced professionals.

Comparing an organization's strengths and weaknesses with its competitors is part of:

A. self-assessment
B. external assessment
C. strategy development
D. implementation

Sagot :

GinnyAnswer

Final answer:

Comparing strengths and weaknesses with competitors is crucial for self-assessment and strategic planning in business.


Explanation:

Comparing an organization's strengths and weaknesses with its competitors is part of self-assessment in business to understand internal capabilities and vulnerabilities in relation to competitors. It helps in identifying areas of competitive advantage and areas needing improvement.

One common tool used is the SWOT analysis, which assesses strengths and weaknesses internally while considering opportunities and threats externally. This framework aids in strategic planning and decision-making within organizations.

Understanding strategies like the Structure Conduct Performance Paradigm and the New Empirical Industrial Organisation model assists in predicting changes in competitiveness and formulating effective business strategies.


Learn more about Comparing Strengths and Weaknesses in Business here:

https://brainly.com/question/34032151


Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.