26 Jun I believe that the SWOTT is a
I believe tI believe that the SWOTT is ahat the SWOTT is an outstanding tool for businesses to use that may propel their businesses farther than it could go without it. I also really enjoyed reading how you interpreted the SWOTT! It is an easy approach and should help others foster an understanding.
I also think that forecasting is another approach that can be incorporating into the SWOTT. Forecasting is also an important component of the strategic planning process; especially, when evaluating opportunities and trends. I believe the SWOT analysis illustrates the critical areas where the organization must apply the four functions of management. Keown, et. al(2005) assert; planning involves anticipation and preparation; therefore, the ability to anticipate and prepare for future occurrences empowers the organization. When an organization is able to respond to the changes in its environment; it has an opportunity to explore options and develop alternatives. Contingency planning or evaluating the “what ifs” helps the organization prepare for potential changes. Planning is looking and thinking ahead; therefore, when an organization explores future possibilities and/or probabilities; it is in a better position to respond more effectively to the sudden or subtle changes in the environment.
Reference
Keown, A.J., et. al (2005). Financial Management: Principles and Applications, Tenth Edition. Ch 4. pp. 107 – 109. Financial Forecasting, Planning, and Budgeting. Upper Saddle River, NJ: Pearson Education, Inc.
#8 Primary External Organizational Considerations (Professor)
What are the primary external organizational considerations for the development of a strategic plan? Which consideration is the most important? W
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.