Strategic planning within organizations provides a plethora of benefits to the organization including meeting goals specified in the plan and contributing to the long-term success of an organization. Research and answer the following questions:
1. What are the recognized strengths of your identified area?
2. What does your identified area do better than other companies?
3. What unique capabilities or resources does you identified area possess?
4. What do other companies consider to be your strength? Weaknesses
Use these prompts to complete this section:
1. What are the recognized weaknesses of your identified area?
2. What do competitors do better than your identified area?
3. What areas can be improved at your current position?
4. What do other companies consider to be your weakness?
Opportunities
Use these prompts to complete this section:
1. What trends or conditions impact the company in a positive way?
2. What opportunities exist for the identified area? Threats
Use these prompts to complete this section:
1. What trends or conditions impact the identified area in a negative way?
2. What is the competition doing that may have an impact on your identified area?
3. Does your identified area have solid financial support?
4. What impact does your weakness have on the threats your identified area faces?
(please note the areas for the SWOT analysis are:
1.Strengths with 4 prompts. Weaknesses with 4 prompts. Opportunities with 2 prompts and Threats with 4 prompts.(not sure this was clear)
