SWOT Analysis Strategy Assignment Example | Topics and Well Written Essays - 500 words

SWOT Analysis Strategy - Assignment exemplarhe environment by identifying the strategies creating a square specific business model that best aligns the fundamental laws resources and capabilities to the requirements of the environment in which it operates.The acronym SWOT stands for, as has been alluded, to strengths, weaknesses, opportunities and threats. Each of these has a strategic implication to the business, and square-toed analysis will show a true picture of the judicatures place in the business environment. Strengths and weaknesses are internal to the business entity directly controlled by it while opportunities and threats are external, and a high society can only anticipate and react to the changes. As such, analysis is instrumental in strategy verbalism and selection to pursue the optimum possible position.For success to be realized, strengths should be build upon, weaknesses rectified, opportunities exploited and comfort against threats. Strategic planning is enh anced by SWOT analysis as it is a source of info for strategic planning to identify core competencies, and setting of objectives. From the knowledge of the past and present, the future can be comfortably planned (Pearce & Robinson, 2012). Let us consider each of the four substrata in the SWOT matrix.An organizations strengths are either tangible or intangible qualities which enable it to accomplish its missions. They form the base under which success can be laid and sustained. They include patents, brand names, good reputation, exclusive gateway to resources, technical know-how by employees, and distribution network. The firm must have distinct features giving it consistency. The employee expertise, process capabilities, finances, products/ serve with customer goodwill and brand loyalty form the foundation for the organization to thrive.These are qualities hindering the firm from achieving its mission and accomplishing optimum potential by hindering the organizations success and growth. The absence of genuine strengths