In this paper, I will discuss my results from the work culture activity along with which competencies are essential to conducting a strengths, weaknesses, opportunities, and threats (SWOT) analysis, and how competencies relate to the essential competencies for conducting a SWOT analysis. The work culture results state that I am high-powered, supportive and an expert.
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External and Internal Factors in Analysis SWOT Analysis
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Opportunities refer to favorable conditions in the environment that could produce rewards for the organization if acted upon properly. That is, opportunities are situations that exist but must be acted on if the firm is to benefit from them.
Threats refer to conditions or barriers that may prevent the firms from reaching its objectives
The Internal Analysis of strengths and weaknesses focuses on internal factors that give an organization certain advantages and disadvantages in meeting the needs of its target market.
Strengths refer to core competencies that give the firm an advantage in meeting the needs of its target markets. Any analysis of company strengths should be market-oriented/customer focused because of strengths are only meaningful when they assist the firm in meeting customer needs.
Weaknesses refer to any limitations a company faces in developing or implementing a strategy
Weaknesses should also be examined from a customer perspective because customers often perceive weaknesses that a company cannot see
Remember. This is just a sample.
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