Answered: Q1(a). Develop a SWOT Analysis of your…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Q1(a). Develop a SWOT Analysis of your organization. Q1(b). Indicate how each of the strengths listed can be used to gain and/or maintain the organization’s competitive advantage.

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Introduction

Organization- An organization is a group of individuals working together to achieve predetermined goals. It can be viewed as a social structure that includes all formally recognized human interactions. The organization includes job alignment with respect to the business's eventual goal as well as the division of labour among personnel. It can also be considered as the second-most significant managerial activity, coordinating employee efforts, acquiring resources, and fusing the 2 in support of organizational objectives.