Mgmt 303 principles of management week 2 discussions and quiz

MGMT 303 Principles of Management

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Week 2 Discussions and Quiz

 

Week 2 DQ 1

Managers, most business decisions are made under conditions of either risk or uncertainty. In your opinion, is it easier to make a decision under a condition of risk or a condition of uncertainty?

 

Week 2 DQ 2

Think of a major organization. Identify that organization and think through the SWOT analysis for that organization. What are the competitive advantages of the organization you identified? Explain how you arrived at that decision.

 

MGMT 303 Week 2 Quiz

 

1. List at least FIVE sources you will use to obtain information about the firm’s strengths, weaknesses, opportunities, and threats. Discuss what categories of the SWOT elements of information are readily available on the Internet. What categories of data are difficult or impossible to find on the Internet? (When using the Internet, be sure to provide specific websites or URLs.)

2. Rate,from the best to the worst, each of the sources you indicated in #1 above as being sources you will use in your analysis in terms of its probable reliability. Discuss the steps and/or actions you can take to validate the reliability and accuracy of the information you obtain.

3. As a manager, how confident would you be in basing strategic decisions on the information that you’ve obtained online for the SWOT? What other sources of information can you use to effectively complete the SWOT analysis?

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