You have just joined a case competition team and have created an innovative solutionfor the case. A judge looks at you and says to do a SWOT analysis of that solution.Which below is MOST “accurate" concerning the SWOT analysis tool?We do internal analysis through opportunities and weaknessesBoth internal and external analysis help us understand the outside worldWe do external analysis through strengths and threatsInternal analysis is always about strengths and weaknessesExternal analysis is always about opportunities and strategy

SWOT analysis is a strategic planning method used by companies, enterprises, and individuals to…

Answered: You have just joined a case competition…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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1- What three guidelines help management accountants provide the most value to managers? 2- Where does the management accounting function fit into an organization’s structure? 3- When is a revenue or cost item relevant for a particular decision? 4- What is an opportunity cost and why should it be included when making decisions? 5- How can conflicts arise between the decision model used by a manager and the performance evaluation model used to evaluate that manager?
2.1) Explain the importance of the management environment analysis and its impact on decision-making in a company like Eskom
Read the Case attached. Follow the AMA 8 Step case process and focus on steps 2,3,4 and 6. And incorporate how to answer according to the steps provided. Strategic Case Analysis Using the AMA (American Management Association) 8 step case analysis process The Basic Problem Solving or Case Analysis Process Applying the Process The Basic Problem Solving or Case Analysis Process You have all engaged in the process of basic problem solving numerous times in your life as well as in your academic career. However, since you will be utilizing this process extensively in this course, it is appropriate to spend some time reviewing and discussing it. Whether this process is being applied to a simple, routine decision or an immensely complex decision the steps are the same. It is what one does within each of those steps that vary. To begin, let's review the process. Step 2 - Determining the Root Problem & Step 3 - Identifying the Problem Components The most difficult and…
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We typically make decisions by relying on one or more of the following: 1) Our gut instinct. 2) Our experiences. 3) Our education. What is the value of the Business Analytics course in your current or future business area and how will it improve your decision making?
Complete a case analysis of Microsoft. This requires that you conduct research on Microsoft beyond the case study material in the textbook. In the case analysis, you will look at the situational analysis, problem, and alternatives, and you will provide a recommendation. Refer to the instructions below as you construct your analysis. Situational Analysis Discuss the external environment through the compilation of a PEST (political, economic, sociocultural, and technology) analysis. Discuss the internal and external environment through the compilation of a SWOT (strengths, weaknesses, opportunities, and threats) analysis. Problem Identify at least one organizational problem that Microsoft is currently having or one that you project it will have in the future. Base this on your research and critical thinking. Alternatives Compile three or four potential marketing-related solutions to the problem above. Remember that these are potential alternatives; you will not select all of the…
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