Question

You have been asked to defend why your strategic analysis of StitchFix solely consists of an assessment of the threats and opportunities in the company's external environment but not an evaluation of its internal resources and competitive position. How would you respond?

Answer 1

Doing a SWOT analysis may just be the right move, whether you have personal reasons, or your business could use some help or is contemplating an action.

A SWOT analysis entails examining that company or individual's strengths, weaknesses, external opportunities and threats (hence, the moniker SWOT). Both strengths and weaknesses are internal, while opportunities and threats are external

Explanation:Whether you're starting a business or have been at one for a while, it's always good to be self-aware. And, it might just help you revitalize your endeavor.

It's is more advisable to focus on the company strength in other get an achiveable result.

Also in terms of information, that is, Awareness,this also helps to make decisions.

Answer 2

Assessment of the threats and opportunities is a part if the SWOT analysis.

Step-by-step explanation:

Usually the internal resources and competitive position are analyzed when the company need to improve something in it's internal process. In this case , probably it's being used to analyze the market