Understanding Management (MindTap Course List)
Understanding Management (MindTap Course List)
10th Edition
ISBN: 9781305502215
Author: Richard L. Daft, Dorothy Marcic
Publisher: Cengage Learning
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Chapter 5, Problem 1GL
Summary Introduction

To determine:

The way by which SWOT analysis helps an organization to achieve success in future.

Introduction:

A SWOT analysis is a strategic business analysis that identifies and analyses the key strengths and weaknesses of an organization and the external opportunities and threats to exploit new markets or identify gaps and overcome the negative factors and threats to create a successful venture with overwhelming advantages.

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You will explain what it is, Benefits, Threats, and Ethical Challenges.
Explore strategies entrepreneurs and business leaders can use to balance ethical relativism and universal ethical principles when operating across diverse cultural landscapes, as illustrated by GlobalTech’s expansion into a developingcountry.   -Provides a clear explanation of ethical relativism and universal ethical principles and why they are important in cross-cultural business operations. - Identifies and thoroughly explains at least three strategies to balance these ethical approaches. Application of examples from the scenario is key, especially in balancing cost savings with ethical standards. - Examines the challenges faced by GlobalTech and similar businesses in aligning local practices with global ethicalstandards, highlighting possible outcomes of choosing one ethical stance over another.
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