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SWOT and resource allocation

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How can the SWOT analysis help you to determine what type of resources need to be allocated?

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Solution Summary

This solution describes how SWOT analysis ca be used to determine the type of resources to be allocated.

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First thing is to identify the gaps by assessing the organizations' Strength, Weaknesses, Opportunities, and Threats. Remember that both the strength and weakness are inherent within the the organization where management has high degree of control. Opportunities and threats, on the other hand, are factors found in the environment where the organization has minimal control.

Reviewing the gaps identify above will show the organization how they fare, what areas to focus with and ...

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