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MGMT 303 WEEK 2 QUIZ – QUESTION AND ANSWERS

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MGMT 303 Week 2 Quiz – Question and Answers (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. (Points: 20) (TCO 2) Rate, from best to worst, each of the sources you indicated in Question 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.(Points: 20) (TCO 2) 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)(Points: 20)

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Principles Iof IManagement
IWeek I2: IQuiz


Score Ifor Ithis Iquiz: I45 Iout Iof I60I
SWOT Iis Ian Iacronym Ifor IStrengths, IWeaknesses, IOpportunities, Iand IThreats. IThe Iidea
Ibehind ISWOT Iis Ithat Ia Igood Istrategy Iexploits Ian Iorganization’s Iopportunities Iand

Istrengths Iwhile Ineutralizing Ithreats Iand Iavoiding Ior Icorrecting Iweaknesses. IFor Ithis

IHomework, Ithink Iabout Ithe Iorganization Iyou Ipicked Ito Iresearch Ifor Ithe ISWOT IAnalysis

Ipaper Ithat Iis Idue Iat Ithe Iend Iof IWeek I3. IThink Iabout Ihow Iyou Iwill Iresearch Iand Ifind Ithe

Ipertinent Iinformation Iyou Iwill Ineed Ito Iconduct Iand Iprovide Ian Iaccurate ISWOT IAnalysis

Ion Ithat Iorganization. IRead Iover Ithe IWeek I2 ITutorial, Ithe IWeek I2 ILecture, IChapter I9, Iand

Iconsider Ithe Itopics Icovered Ithis Iweek Ibefore Ianswering Ithis Iweek's Iquiz.




• There Iare Ithree Iessay-type Iquestions I(worth I20 Ipoints Ieach) Ipertaining Ito Ithe
Ii nformation Ipresented Iin Ithe IExercise IBackground.




• Each Iof Iyour Ithree Iresponses Ishould Ibe Ia Iminimum Iof I100 Iwords Iin Ilength.
Please Ibe Isure Ito Iinclude Iin-text I(parenthetical) Icitations Iwhere Irequired, Iin IAPA
I

Iformat. IYou Iare Irequired Ito Iuse Iat Ileast Ione Ioutside Isource Ito Isupport Iyour Iviewpoint

Iand Ithis Isource Ican Ibe Ithe Itextbook.




• Let Ime Iknow Iin Ithe IQ I& IA IForum Iif Iyou Ihave Iany Iquestions!

• Remember Ito Isubmit Iyour Ianswers Iwhen Iyou Iare Ifinished.


Question 1 I


pts
I I I

(TCO I2) IList Iat Ileast IFOUR Isources Iyou Iwill Iuse Ito Iobtain Iinformation Iabout Ithe Ifirm’s
Istrengths, Iweaknesses, Iopportunities, Iand Ithreats. IDiscuss Iwhat Icategories Iof Ithe

ISWOT Ielements Iof Iinformation Iare Ireadily Iavailable Ion Ithe IInternet. IWhat Icategories Iof

Idata Iare Idifficult Ior Iimpossible Ito Ifind Ion Ithe IInternet? I(When Iusing Ithe IInternet, Ibe IsureIto

Iprovide Ispecific Iwebsites Ior IURLs.)

NOTE: IYou Icannot Iuse IWikipedia Ior Ianother Itype Iof Iinformation-sharing Iwebsite Ias Ia
Isource Ifor Ithe ISWOT. I(Points: I20)



Your IAnswer:
Four Isources Ito Iobtain Iinformation Ifrom Ia Icompany?
WHY: ITo Iunderstand Ithe Icompany's Ifinancial Ihealth Iof Ithe Ibusiness, Ithe Iresources, Iand
Imaterials, Ihow Iis Ithe Iethical Idynamic Iof Ithe Icompany Iand Iwhat Imarket Istrategy Ithey Iuse.




1. Business IData Iand IStatistics Ifrom ISBA.gov:Is Ia Iwell-known Iorganization
Iseparate Ifrom Ithe Igovernment. IProvides Ifor Ismall Ibusiness Ianswers Ito Ifinancial Iand

Ifederal Icontract Iprocurement Iassistance, Imanagement Iassistance, Iand Ispecialized

Ioutreach Ito Iwomen, I minorities, Iand Iarmed Iforces Iveterans I(Mission IStatement I&

IHistory Iof Isba.gov).I
Ref I1

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