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Business Strategy Discussion Task 2.edited

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Running head: Discussion 1
BUSINESS STRATEGY DISCUSSION
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Discussion 2
Discuss the importance of a SWOT analysis in the strategic planning process of EZ-Pleeze
SWOT-analysis helps the company examine its internal and external environment. The
internal strengths and weaknesses are determined while at the same time, the external threats and
opportunities that a firm faces are also determined. This, therefore, highlights of how vital a
SWOT analysis audit is to an organization like EZ-Pleeze. It's important to note that a SWOT
analysis, therefore, helps advice a company on its different operational and strategic aspects. It's
done by people who have a vast knowledge about the business and who are solely professionally
responsible for the assessment.
A comprehensive SWOT analysis of the external and internal environments is very
crucial towards boosting the success of any particular business. This is because it helps in the
prevention of making uninformed and poor business decisions which can turn out being very
expensive for the company (Chand, 2019).
A SWOT analysis is done by first listing the primary weaknesses and strengths and then
followed by identifying the threats and opportunities which accrue to the business. It’s from the
results obtained that one can give a comprehensive structural and performance report of a
company. EZ-Pleeze has numerous strengths, weaknesses, opportunities, and threats. It's through
the help of the SWOT analysis that viable strategies can be formulated about the company so as
to improve on its performance. This, therefore, breaks down the essentiality of a SWOT analysis
in the formulation of the company's strategic plan.
A company’s portfolio of capabilities and resources is evaluated at length. This is done so
as to develop the primary core competencies of the firm. At the same time, resource management

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Running head: Discussion 1 BUSINESS STRATEGY DISCUSSION Students Name Institution Name Course Discussion 2 Discuss the importance of a SWOT analysis in the strategic planning process of EZ-Pleeze SWOT-analysis helps the company examine its internal and external environment. The internal strengths and weaknesses are determined while at the same time, the external threats and opportunities that a firm faces are also determined. This, therefore, highlights of how vital a SWOT analysis audit is to an organization like EZ-Pleeze. It's important to note that a SWOT analysis, therefore, helps advice a company on its different operational and strategic aspects. It's done by people who have a vast knowledge about the business and who are solely professionally responsible for the assessment. A comprehensive SWOT analysis of the external and internal environments is very crucial towards boosting the success of any particular business. This is because it helps in the prevention of making uninformed and poor business decisions which can turn out being very expensive for the company (Chand, 2019). A SWOT analysis is done by first listing the primary weaknesses and strengths and then followed by identifying the threats and opportunities which accrue to the business. It’s from the results obtained that one can give a comprehensive structural and performance report of a company. EZ-Pleeze has numerous strengths, weaknesses, opportunities, and threats. It's through the help of the SWOT ...
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