A SWOT analysis is an analytical tool used to evaluate an organization's strengths, weaknesses, opportunities and threats. Identifying these factors helps organizations make decisions that align with their goals. This important part of the strategic planning process is frequently used by for-profit companies, nonprofit organizations, government agencies and individuals.Know More
Firms examine their internal and external environments in an effort to match their resources and capabilities to their competitive environments. Internal elements are classified as strengths or weaknesses. External elements are classified as opportunities or threats. Examples of strengths include strong brand equity, a superior distribution network, advanced research and development, industry goodwill, and an experienced management team. Examples of weaknesses are small market share, poor public image, unfavorable cost structure and limited distribution network.
Opportunities and threats represent openings to be exploited and challenges to the organization's viability. Examples of opportunities include new market opportunities, promising new technologies and reduced competition. Examples of threats include impending legal action, market entry by superior competitors, dying markets and increased governmental regulation.
Critics of SWOT claim that it hampers performance, with many considering the growth-share matrix a superior analytical tool. Others claim that the findings of a SWOT analysis are difficult to integrate into overall corporate strategy and prefer the TOWS matrix.Learn more in Homework Answers
The SWOT analysis of Meezan Bank is a crucial resource for the company’s management, executives, shareholders and anyone looking to gain a better understanding about the company’s current business progress. SWOT, an acronym for Strengths, Weaknesses, Opportunities, and Threats, is an in-depth strategic analysis of a company's businesses and operations that has been compiled to provide a clear and an unbiased view of the company's key strengths and weaknesses and the potential opportunities and threats.Full Answer >
The primary purpose of risk assessment is to evaluate the consequences if a business investment or action fails. Company leaders typically want to avoid new investments or projects when the threats are catastrophic or when they outweigh potential rewards, according to PricewaterhouseCoopers.Full Answer >
A SWOT analysis of Coca-Cola reveals its main strength as the most valuable brand in the world, while its main weakness is that most of its products are carbonated drinks. The increasing consumption of bottled water has created a major opportunity for Coca-Cola, but water scarcity is a significant threat.Full Answer >
The purpose of a job analysis is to analyze job duties and functions, and the skills required to do a job. A job analysis is often used to create a job posting or job description, but sometimes a job analysis is used to determine whether a specific position needs to be expanded.Full Answer >