Swot Analysis Strategic Planning And Management Essay

CHAPTER IX STRENGTHS, WEAKNESSES, OPPORTUNITIES, AND THREATS ANALYSIS Strengths, Weaknesses, Opportunities, and Threats of a particular business venture are the four elements that is being evaluated in the SWOT Analysis. It is a planning method that is usually carried out by a company or organization specifying the objective of the business and identifying internal strengths and weaknesses plus external opportunities and threats that are both favorable and unfavorable to attain that certain objective. Its main aim is to pinpoint the main factors that are essential in achieving a specific business objective. Specifically, it gives emphasis on the weakness of the business and develop ways to overcome it, identify threats to make it easier to manage and develop strategies to eliminate it, helps uncover the opportunities that the business may exploit, and assess the strengths of the business so that they can be enhanced. This chapter shows the detailed analysis of the Strengths, Weaknesses, Opportunities, and Threats of the proposed project through the SW OT Analysis. This fundamental technique of strategic planning and management will be applied in the business operation of the proposed Mangapao production. By carefully examining existing conditions, identifying and having a thorough analysis of the firm’s internal and external factors it is easier to make business related decisions which of course is vital for the firm’s success. This chapter also explains the necessaryShow MoreRelatedThe Global Tourism Industry Is Growing998 Words   |  4 Pagescompetitors, Mr. S realized that to find a proper strategic plan was necessary and urgent for the company. SWOT, as a business-assessment tool, helps management analyze its strengths, weaknesses, opportunities and threats (Berg Pietersma, 2015). 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