Question

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

A SWOT analysis is a simple but powerful tool for sizing up a company's market opportunities and the external threats to its future well-being.
A SWOT analysis does not need to reflect a weakness, or competitive deficiency, if it is already something a company lacks or does poorly (in comparison to others) or a condition that puts it at a disadvantage in the marketplace.
A SWOT analysis is a simple but powerful tool for sizing up a company's value chain components and summarizing the external assessment of its tangible and intangible resources that impact its future well-being.
A SWOT analysis does not need to reflect a strength if it is something a company is already good at doing or an attribute that enhances its competitiveness in the marketplace.
A SWOT analysis is indeed incomplete because managers need to draw on the results of both external industry analysis and the evaluations of the company's internal situation.

Answer 1

Answer: A SWOT analysis is a simple but powerful tool for sizing up a company's market opportunities and the external threats to its future well-being.

Explanation: SWOT Analysis Strength, Weakness, Opportunity and Threats. Swot analysis helps a company analyze it's

Strengths (price) your strengths can be the pricing of your products compared to other competitors.

Weaknesses: new entrants Into the market your weakness can be the audience non familiarity with your products this is where branding and promotions take place.

Opportunity: This is usually the market size available and the ability of the company to meet its target audience.

Threats: this are usually your competitors who you both compete for market share.

So yes a Swot analysis helps a company analyze it's market Opportunities and Threats to its future wellbeing, because the company's products would be competing with other products in the market it was best the company external environment was evaluated for opportunities available to it rather than its internal environment