Management 303 – Week 2 Quiz
1. (TCO 2) List at least FOUR 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.)
NOTE: You cannot use Wikipedia or another type of information-sharing website as a source for the SWOT. For my SWOT analysis, I choose RR Donnelley. They are a printing company that is local to my area. The four sources that I plan to use while gathering information, for my…show more content… Although I do feel that I will need to validate some information through RR Donnelley website pertaining to finances of the organization in its entirety through the use of their Annual Report.
Our text will also allow for very limited information from an excerpt in, (Coulter & Robbins, 2014, p 250).
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? How can you check or cross-check the accuracy of some of the information? How could regulations such as The Sarbanes-Oxley Act of 2002 (see the link under Webliography) assist in ensuring the accuracy of the information? How confident are you about the accuracy of the information in your SWOT analysis? Why or why not? (5 points per brief discussion of each question)
While there are many aspects in developing a strategic goal, I would need a greater understanding of its business and mission statement before I would attempt to make any kind of strategic decisions. In order to do a thorough and complete SWOT analysis, I would want to see how well the organizational culture operates, what policies, procedures, and rules are currently in place. I would also want to evaluate Quality and