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SWOT and Global Competition

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1. What does SWOT stand for and describe each component in SWOT.

2. Which industries operate almost devoid of global competition? Which inherent immunities do they enjoy?

Should our government enact legislation to protect industries that face heavy global competition?

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This solution discusses SWOT and global competition.

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A SWOT is a diagram showing strengths, weaknesses, opportunities and threats a company faces. The strengths are those things that the company has such as competitive advantage and core competencies. The weaknesses are those things that they lack or need to be competitive compared to others including substitutes. Opportunities are those things which the company can use to leverage and gain competitive advantage or increase presence. Threats are anything that would affect the company and its competitive advantage. In a balanced ...

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