Need help in rewriting this in my own words, please Andrews’…

Question Answered step-by-step Need help in rewriting this in my own words, please Andrews’… Need help in rewriting this in my own words, please Andrews’ ThreatsIn this aspect, the SWOT analysis focuses on the threats that a business organizationexperiences from different sources, including its competitors and government regulations.Threats are external factors that reduce or limit the financial performance of the organization. InAndrews’ case, the significant threats noted include: stiff competition for its competitors,imitation, restrict environmental regulations, and the rising cost of laborers.High competition in the industry is due to aggressive competition between existing firms.Andrews Company competes with companies like Baldwin, Chester, Digby, Erie, and Ferris,which are using rapid innovation. In addition, the company faces threats to imitation, which is significant because of numerous firms both locally and internationally, that can imitate the design and features of its products. As a result, Andrews’ financial performance may suffer because of stiff competition and imitation of product design. Ethical, Legal, and Social ChallengesIn the future, there is a possibility that Andrews Company could face ethical, legal, andsocial challenges. These challenges can be overcome using different strategies. In the context ofAndrews, some of the ethical, legal, and social issues impacting the company, as well asstrategies for eliminating the problems are significant to explore. Business Management Business Law MBA 620 Share QuestionEmailCopy link Comments (0)