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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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Project proposal -->SWOT ((please see the example below. Rewrite with different words and add more interesting things , also I attached a image what I already wrote in case you want to add).

Strength: improve resume, surrounded by like minded individuals, first Kean cybersecurity lab, criminal justice cybersecurity policy

Weakness: lack of interest in course, attractiveness of the course, advertisement, trainers, need prerequisite

Opportunities: improve ethical hacking skills, affordable way to take CEH exam, learning new OS

Threat: can create black hat hackers, lack of funding, malicious software on Kean computers, outdated software/hardware,

Expert Solution

Introduction:

A strategic planning method known as the SWOT analysis aids firms in determining their Strengths, Weaknesses, Opportunities, and Threats.
It provides a framework for organizations to evaluate their internal and external environments and make informed decisions about their future direction.
The process of conducting a SWOT analysis involves gathering information about an organization's current situation, including its resources, capabilities, and market position, and then assessing the potential impact of external factors, such as competitors, market trends, and regulatory environment.
The result of a SWOT analysis is a comprehensive understanding of an organization's current position, which can inform decision making and support long-term planning.