lecture-6-performence-management in Bangladesh .pptx
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AR47This document discusses various strategic planning models including SWOT analysis, PEST model, and Porter's Five Forces. SWOT analysis examines internal strengths and weaknesses and external opportunities and threats. The PEST model analyzes political, economic, social-cultural, and technological factors. Porter's Five Forces assesses threats of new entry and substitutes, bargaining powers of customers and suppliers, and competitive rivalry.
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systems. There are two parts to the Class Project; the SWOT Analysis and the Presentation. You
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Step 1: Choose a Business or Organization
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1
THE VALUE AND ELEMENTS OF A SWOT ANALYSIS
2
The Value and Elements of a SWOT Analysis
The SWOT analysis is an easy and influential way to create tactical options for a business to formulate an evaluation of its position internally and externally. Internally, the strengths and weaknesses of the business are distinguished, while externally the opportunities and threats are established to give a company a foundation to build upon for its future. The elements of a SWOT analysis allow a company to utilize its strengths, combat its weaknesses, benefit from opportunities that arise, and to prevent destructive threats. While the SWOT analysis is not a solution to the elements a company may face, it can provide a starting point for setting goals, devising strategies, and execution. Identifying the key factors from this specific evaluation is a valuable tool that affects a company’s adeptness to attain its purpose and vision while narrowing down what is significant to that particular business.
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There are four elements of a SWOT analysis. Strengths and weaknesses are the first two and are about the internal conditions of the business, where the business is strong to where the business requires improvement. Opportunities and threats are external environmental conditions that the company may face. Each company will have its own set of potential opportunities and threats, while a factor can be an opportunity for one business it could be a threat for another.
The SWOT analysis can be done in different ways depending on the business and how in depth it wants to get with the analysis. However, each analysis will always have the four basic elements (strengths, weaknesses, opportunities, and threats). Each company can decide how it wants to break it down and how much it wants to assess the business. Other elements that will be different for each company are threats and opportunities. For example, the focus on health and good eating could be an opportunity for gyms, personal trainers, health stores and more. However, the trend is a threat to tobacco companies, fast food chains, and anything else that may be perceived as “unhealthy”. Overall, the SWOT analysis can be used for any business, individual, or situation since the idea is simple.
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SWOT is an acronym that identifies four critical elements such as strengths, weaknesses, opportunities, and threats. The purpose of a SWOT analysis is a company’s strategic planning proves where it connects its objectives and strategies to actionable tactics carried out by employees. “SWOT analysis is a simple yet powerful framework for generating strategic alternati ...
Swot analysis
This document discusses and defines SWOT analysis. It explains that SWOT analysis involves analyzing strengths, weaknesses, opportunities, and threats, both internal and external to an organization. The analysis helps identify positive and negative factors that are important for strategic planning and decision making. It allows companies to leverage strengths, minimize weaknesses, capitalize on opportunities, and defend against threats. Conducting regular SWOT analyses is important for maintaining a competitive advantage and adapting to changing business conditions.
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The document provides an overview of SWOT analysis, a framework used to identify strategies that align an entity's resources and capabilities with its external environment. It defines strengths, weaknesses, opportunities, and threats and gives examples of each. Strengths and weaknesses refer to internal factors while opportunities and threats refer to external factors. The aim is to identify strategies that maximize strengths and opportunities, and minimize weaknesses and threats. Strategy formation involves matching specific SWOT elements to extract tactics. The analysis should be revisited regularly and revised as needed.
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(Grisol)
SWOT Analysis Purpose
SWOT is an acronym that identifies four critical elements such as strengths, weaknesses, opportunities, and threats. The purpose of a SWOT analysis is a company’s strategic planning proves where it connects its objectives and strategies to actionable tactics carried out by employees. “SWOT analysis is a simple yet powerful framework for generating strategic alternati ...
Swot analysis
This document discusses and defines SWOT analysis. It explains that SWOT analysis involves analyzing strengths, weaknesses, opportunities, and threats, both internal and external to an organization. The analysis helps identify positive and negative factors that are important for strategic planning and decision making. It allows companies to leverage strengths, minimize weaknesses, capitalize on opportunities, and defend against threats. Conducting regular SWOT analyses is important for maintaining a competitive advantage and adapting to changing business conditions.
Swot analysis-for-individuals
This document provides an overview of using a SWOT analysis for career development at an individual level. It begins by outlining the typical strategic planning process used in businesses, which involves establishing goals and vision, analyzing internal strengths and weaknesses as well as external opportunities and threats. A SWOT analysis specifically examines these four areas. The document then discusses how individuals can apply the same SWOT framework to their own career development by self-assessing their personal strengths, weaknesses, opportunities, and threats in order to develop strategies that maximize opportunities and minimize threats. Templates are provided to guide individuals through this personal SWOT analysis.
Strategy Formation using SWOT
The document provides an overview of SWOT analysis, a framework used to identify strategies that align an entity's resources and capabilities with its external environment. It defines strengths, weaknesses, opportunities, and threats and gives examples of each. Strengths and weaknesses refer to internal factors while opportunities and threats refer to external factors. The aim is to identify strategies that maximize strengths and opportunities, and minimize weaknesses and threats. Strategy formation involves matching specific SWOT elements to extract tactics. The analysis should be revisited regularly and revised as needed.
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lecture-6-performence-management in Bangladesh .pptx
- 1. Performance Management BPA Program PA- 305 Lecture 6 Date: 12-02-2024
- 2. SWOT Analysis • A SWOT analysis (or SWOT matrix) is a high-level model used at the beginning of an organization’s strategic planning. It is an acronym for “strengths, weaknesses, opportunities, and threats.” • Strengths and weaknesses are considered internal factors, and opportunities and threats are considered external factors.
- 4. PEST Model Political, Economic, Socio-cultural, And Technological Each of these factors is used to look at an industry or business environment, and determine what could affect an organization’s health
- 6. Porter’s Five Forces • The threat of entry • The threat of substitute products or services • The bargaining power of customers • The bargaining power of suppliers • The competitive rivalry among existing firms
- 8. End of the Lecture