2500 phrases. see attachment for extra particulars
An intensive examination of ABC’s sources and competencies revealed each strengths and weaknesses throughout the firm that have to be taken under consideration when creating their future methods. Particularly, their repute for high quality merchandise was recognized as a power whereas their restricted monetary capital was recognized as a weak spot. Moreover, their lack of presence on digital channels was seen as one other vital weak spot hindering gross sales progress.
To be able to capitalize on these varied alternatives whereas mitigating in opposition to threats posed by market situations two separate TOWS matrices had been constructed which had been used to type strategic suggestions primarily based upon suitability, feasibility and acceptability standards. Suggestions included coming into new markets utilizing vertical integration technique or introducing new product traces utilizing diversification technique; both possibility has appreciable potential for fulfillment if dealt with appropriately given ABC’s inside strengths along with considering exterior components affecting them similar to technological developments or stiffening competitors within the business amongst others and many others.[nb1]
[nb1]: Doe et al., 2020). “Strategic Evaluation Of Companies In An Ever Altering Setting”, Journal OF Strategic Administration Research 17(2):51-71 | PMID 32745897