Sign In
Not register? Register Now!
Essay Available:
You are here: HomeEssayManagement
Pages:
3 pages/≈825 words
Sources:
3 Sources
Level:
APA
Subject:
Management
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 14.04
Topic:

Purpose of SWOT Analysis Essay. Management Assignment. (Essay Sample)

Instructions:

tHE TASK was to descibe the main purposes of swOt analysis and why it is necessary for the companies to conduct SWOT.
The sample defines the swOt analysis, and explains how conducting swOt helps businesses to succeed.

source..
Content:


Purpose of SWOT Analysis
Student’s First Name, Middle Initial(s), Last Name
Institutional Affiliation
Course Number and Name
Instructor’s Name and Title
Assignment Due Date
Purpose of SWOT Analysis
Nowadays, the market conditions are in the constant state of flux that forces managers to develop new projects and keep business relevant. Strategic planning describes the process that the organizations perform to determine how they can advantageously carry out its mission and realize the set of goals. A SWOT analysis is a common tool of strategic planning incorporated in the documents of private and public enterprises. It helps managers to evaluate the further chance of a project to succeed. Once the company has explored the four aspects of SWOT, it will need to elaborate on potential actions to undertake, exploit opportunities to succeed, head off threats, boost weaker areas, and build on strengths in the competitive and challenging business environment.
The purpose of the framework (strengths, weaknesses, opportunities, and threats) is to make the specialists think about aspects that affect the success of new projects. Failure to consider opportunities, threats, weaknesses, and strengths may lead to poor decisions and deteriorate the company’s reputation on the market (Schooley, 2019). For example, if the technology company with a processor patent does not know that the competitor develops a similar product, it can overestimate its sales potential and take on debt to fund it. 

...
Get the Whole Paper!
Not exactly what you need?
Do you need a custom essay? Order right now:

Other Topics:

  • Compensation, Benefits, Retention and Motivation. Management Essay
    Description: Employee and compensation end to correspond with each other in creating an influential level as far as job performance is concerned. Some companies assume that employees are usually interested only in compensation when this is not the case....
    2 pages/≈550 words| 4 Sources | APA | Management | Essay |
  • Good business management Management Essay Paper Research
    Description: The article “10 Scientifically Proven Ways to Motivate Employees” from the Square Editorial team seems dedicated to providing ways and tactics that can be adapted by managers to motivate their employees. Besides meeting the goals of a business, increased productivity, and among other benefits...
    6 pages/≈1650 words| 3 Sources | APA | Management | Essay |
  • Comparing and Contrasting Transactional and Transformational Leadership Styles
    Description: Leadership has been a popular concept for ages as many societies of the tenth century regarded people with influence, such as presidents, as leaders. Today, the concept has evolved significantly giving rise to new management strategies, such as transactional and transformational leadership....
    3 pages/≈825 words| 3 Sources | APA | Management | Essay |
Need a Custom Essay Written?
First time 15% Discount!