LEARN MORE...

Access over 20 million homework & study documents

The SWOT analysis is an important part of the project planning process:

Content type
User Generated
Type
Study Guide
Rating
Showing Page:
1/2
http://www.iplanner.net/business-financial/online/how-to-articles.aspx?article_id=swot-analysis
4. What is a SWOT analysis and how does it relate to the Strategic Management Process
SWOT is an acronym for the words strength, weaknesses, opportunities and threats as shown in the
image above. It is a framework that involves collection and portrayal of information about internal and
external factors which have, or may have, and impact on the business.
This framework is essential which will help the managers to synthesize insights obtained from an
internal analysis of the company’s strengths and weaknesses with those from an analysis from an
analysis of external opportunities and threats.
Strategic management can be defined as a set of decisions and actions taken by management, in
collaboration with all levels within the organization in order to establish long term activities of the
organization. There are varieties of approaches and technique can be used on strategic management
process and SWOT analysis is one of the most widespread methods of management.
SWOT analysis is widely used by manager on creating strategies. Commonly used as a tools for the
analysis of internal and external factors in order to achieve a systematic approach and spport address
situation. Internal and external factors are the most important for the future of business. They are called
strategic factors and are presented in the SWOT matrix. The ultimate goal of the strategic planning
process, of which SWOT is one of the initial phases, is development and adoption of strategy resulting in
a good relationship between internal and external factor.
Factors that
give an edge for
the company
over its
competitors.
Favorable
situations which
can bring a
competitive
advantage
Factors that can
be harmful if
used against the
firm by its
competitors.
Unfavorable
situations which
can negatively
affect the
business

Sign up to view the full document!

lock_open Sign Up
Showing Page:
2/2

Sign up to view the full document!

lock_open Sign Up
Unformatted Attachment Preview
 http://www.iplanner.net/business-financial/online/how-to-articles.aspx?article_id=swot-analysis 4. What is a SWOT analysis and how does it relate to the Strategic Management Process SWOT is an acronym for the words strength, weaknesses, opportunities and threats as shown in the image above. It is a framework that involves collection and portrayal of information about internal and external factors which have, or may have, and impact on the business. This framework is essential which will help the managers to synthesize insights obtained from an internal analysis of the company’s strengt ...
Purchase document to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
Honor Code
flag Report DMCA

Review

Review

Honor Code
flag Report DMCA
Anonymous
Goes above and beyond expectations!
Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Documents

FSU WK1: Scavenger Huntrrrrrrrr
Describe how you and your classmates could use this learning resource to facilitate student learning in this accounting co...
Week 8 discussion 2 Articles of the Constitutio, assignment help
After reading the Articles of the Constitution that pertain to war powers, and the commentary over the debate; do you fe...
Physics Question
Idont know the question yet, but if there are so many and tough I will increase the price for u ...
Complete Human Resource Task (WOODEN)
TeamworkTwenty years from now, the typical large business will have half the levels of management and one-third the manage...
State College of Florida Organic Chemistry Worksheet
...
I need help with my math.
I need help with my math I am not understanding anything and I need help I've never been good at math.Percent Proportion...
Assignment A: Energy in Sustainable Development Goals (Complete Essay/Solution)
The purpose of the paper is to analyse the role of energy in sustainable development goals inthe United Kingdom and the wo...
Provide An Example Of A Recursive Function
Provide an example of a recursive function in which the amount of work on each activation is constant. This method returns...
Class 11 english chapter 01
...