The first step of section II is to complete a hypothetical SWOT analysis by categorizing what you perceive to be the strengths, weaknesses, opportunities, and threats of moving forward with a Camp Bow Wow Dog Park. Complete the following SWOT Matrix by categorizing the following factors in the appropriate row
The first step of section II is to complete a hypothetical SWOT analysis by categorizing what you perceive to be the strengths, weaknesses, opportunities, and threats of moving forward with a Camp Bow Wow Dog Park. Complete the following SWOT Matrix by categorizing the following factors in the appropriate row
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SWOT is an acronym for Strengths (S), Weaknesses (W), Opportunities (O), and Threats (T). SWOT analysis is a framework for generating strategic alternatives from a situation analysis.
It serves as a simple but powerful technique for understanding and evaluating the strengths and weaknesses and for looking at the opportunities and threats involved in a project or a business venture.
SWOT analysis is a useful tool for analyzing an organization’s overall situation. This approach attempts to balance the internal strengths and weaknesses of the organization with the external opportunities and threats.
It provides a good overview of whether a company’s condition is healthy or unhealthy. It reveals the company’s actual situation regarding resources, capabilities, external opportunities, and external threats. It helps to conclude;
- how strategy can be matched to both its resources and market opportunities, and
- how weaknesses can be corrected and threats can be guarded against.
Strengths, weaknesses, opportunities, and threats point to the need for strategic action. Managers need to;
- undertake actions to protect/improve the company’s strengths,
- initiate efforts to overcome the weaknesses,
- pursue market opportunities well-suited to the company’s resource capabilities, and
- take actions to defend against external threats to the company’s business.
An organization needs to have a comprehensive view of its overall situations. This requires a Situation Analysis of the organization.
One approach to situation analysis is the SWOT Analysis. SWOT analysis is practically a way to analyze a firm’s internal and external situations.
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