Purchase Solution

SWOTT Analysis and Strategic Planning

Not what you're looking for?

Ask Custom Question

1. What is a SWOTT analysis? What is its purpose in strategic planning? Must you conduct a SWOTT analysis to have an effective strategic plan? Why or why not?

2. What are the key planning factors for competitive success? Provide an example of an organization that has achieved competitive success through planning. Provide an example of an organization that has failed to achieve competitive success as the result of failed planning.

Purchase this Solution

Solution Summary

The response provides you a structured explanation of strategic planning. It also gives you the relevant references.

Solution Preview

1. What is a SWOTT analysis? What is its purpose in strategic planning? Must you conduct a SWOTT analysis to have an effective strategic plan? Why or why not?

The SWOTT analysis is the evaluation of the strengths, weaknesses/limitation, opportunities, threats, and trends of a business venture. In strategic planning the purpose of SWOTT analysis is to identify the factors both internal and external that are in favor of the firm or against it to achieve its goals. Strategic planning gives the firm its strategy or broad direction. This helps allocate resources to enable it to follow the strategy. To develop the strategy it is necessary for the company to understand its current position. The SWOTT analysis helps ...

Solution provided by:
Education
  • BSc , University of Calcutta
  • MBA, Eastern Institute for Integrated Learning in Management
Recent Feedback
  • "Awesome notes. I appreciate you."
  • "I have the follow-up project and I will assign that to you very soon. "
  • "Thank you for your quick respond."
  • "Thank you so very much!!!"
  • "Thanks"
Purchase this Solution


Free BrainMass Quizzes
Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

Marketing Management Philosophies Quiz

A test on how well a student understands the basic assumptions of marketers on buyers that will form a basis of their marketing strategies.

Introduction to Finance

This quiz test introductory finance topics.

Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media

Lean your Process

This quiz will help you understand the basic concepts of Lean.