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According to the Powerpoint presentation, the strategic actions from a SWOT analysis, in order of priority, are generally as follows:
a-Find the products that the firm can produce cheaply first, then develop strategies to defend against critical external threats.
b-Correct the important weaknesses first, then develop strategies that match the company's strengths to market opportunities, and lastly, develop strategies
to defend against critical external threats.
c-Develop strategies to knock other firms out of the marketplace first, then match the company's strengths to market opportunities.
d-Develop strategies that match the company's strengths to market opportunities, then correct the important weaknesses, and lastly, develop strategies to defend against critical external threats.
Stage 2 of the strategic-management process. Activities include establishing annual objectives, devising policies, motivating employees, allocating resources, developing a strategy-supportive culture, creating an effective organizational structure, redirecting marketing efforts, preparing budgets, developing and utilizing information systems, and linking employee compensation to organizational performance.
- requires a
firm to establish annual objectives, devise policies, motivate employees, and allocate resources so that formulated strategies can be executed
- often called the action stage
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