Ken Andrews Swot Analysis

Every company has a set of strengths, weaknesses, opportunities, and threats. Even Foot Locker with its dismal situation in the United States still has strengths and opportunities. When doing any type of company analysis these categories need to be considered for they can be a clear indicator if this particular organization has a possible future. SWOT analysis involves specifying the objective of the business venture

A strengths, weaknesses, opportunities, and threats (SWOT) analysis is a situational analysis in which internal strengths and weaknesses of an organization, and external opportunities and threats faced by it are closely examined to assist management with planning and course correction (BusinessDictionary.com). Managers can use the results SWOT analysis to determine how competitive the organization is in its industry and to develop an effective organizational strategy. Though commonly associated with for profit organizations, SWOT analysis also are carried out by public institutions such as, hospitals, government agencies, and schools. The County College

In SWOT analysis Strength and Weaknesses are depends on Internal factors and Opportunities and Threats Depends on External Factors of and Organization. SWOT analysis is useful in decision making about the organization going for any new or existing project.

A SWOT analysis is best developed by a team of managers who have different perspectives of an organization’s strengths and weaknesses. The external threats and opportunities are best developed by an outside source to provide objectivity. An organization looks internally at its strengths and weaknesses and externally at its threats and opportunities. An organization’s strengths involve looking at an organization’s positive attributes, focusing on their competitive advantage. An organization’s strength looks at what they do well, their assets and other resources, and also take into account what others see as their strengths.

An internal assessment analysis named SWOT, which stands for a company 's strengths, weaknesses, opportunities, and threats is conducted (Abraham, 2012). Strengths and weaknesses are the internal aspects of the normal SWOT analysis (Abraham, 2012). They include problems that need to be corrected, deficiencies recognized through a comparison with competitors, or deficiencies relative to recognized strategies such as lacking the resources to grow (Abraham, 2012). An opportunity is a product-market issue (Abraham, 2012). It must include a product or service that is actually offered, to include the existing ones, and a defined customer group at which that product or service is targeted, including the existing ones (Abraham, 2012). Threats are external trends that could have a negative effect on the company (Abraham, 2012).

A company’s strengths refer to what it does well to give value to the company. If a company’s resources and capabilities enable the firm to exploit an external opportunity and to neutralize an external threat, then those resources and capabilities are considered valuable, and are considered to be strengths (Barney & Hesterly, 2015, p. 67).

choices. Determine where change is possible. If the organization is at a juncture or turning point, an inventory of their strengths and weaknesses can reveal priorities as well as possibilities. Adjust and refine plans mid-course. A new opportunity might open wider avenues, while a new threat could close a path that once existed. The purpose of performing a SWOT is to reveal positive forces that work together and potential problems that need to be addressed or at least recognized. Before conducting a SWOT analysis, Hill should decide what format or layout he will use to communicate the issues. Strengths are resources that an organization possesses and the capabilities that an organization has developed. Weaknesses are resources and capabilities that are lacking or deficient in an organization; thus preventing an organization or business from developing a sustainable competitive advantage.

A regular examination of the situation aids a company in anticipating the shifting trends of the market. Strengths are the assets that assist us to complete the company’s objectives. They are the foundation for continual success and can be material or intangible. They are the valuable characteristics of the company or the abilities of a business,

SWOT refers to the analysis of a company / industry / entity with respect to their strength, weakness, opportunities and threats. Here, strengths and weaknesses are internal to company and opportunities and threats are external to company. As a part of analysis, strengths and weaknesses of a company are identified and it is used to identify and match with opportunities in the business environment. Further, existing and upcoming threats are also identified that can harm the company.

A companies’ competitive advantage can be identified by understanding the company strengths and matching them with opportunities (Ferrell & Hartline, 2014). The key strengths that serve the customer’s needs better than its competitors the company its competitive advantage. A way a company can determine its strengths is by performing a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis.

A SWOT analysis assesses the company’s strengths, weaknesses, opportunities and threats to provide competitive observation into the potential and basic issues that affect the overall success of a company. Furthermore, the essential objective of a SWOT analysis is to analyze and designate every important aspect that could positively or negatively affect the success to one of the four classifications that provides an extensive examination of the company. If properly utilized, the tool can be used to develop business strategies, identify improvement opportunities, and position the company so that is can have a competitive advantage. Strengths are positive internal attributes that are within the company’s control. It is used to help identify what the company’s current status is and how successful can be if it maintain the status. Weakness is another category that is analyzed internally and externally, by analyzing internally, management goal is to identify areas that can be improved. Through this tool, it will identify what is preventing the company from achieving competitive advantage, could it be limited resources, poor physical location, limited expertise or old or limited skills and technology systems? Opportunity identifies areas within the organization that can be expanded, it

Strengths, Weaknesses, Opportunities and Threats (SWOT) analysis is a useful technique for understanding the organization’s strengths and weaknesses and for identifying both the opportunities open to the organization and the threats it faces (Manktelow, 2015). A human resources SWOT analysis considers internal and external factors that can either boost or impede the human resources functions within your organization (Goodrich, 2015). The following is a SWOT analysis of the human resources department of Texoma Medical Center in Denison, Texas. (See Appendix A)

The SWOT analysis summarizes the internal factors of the firm as a list of strengths and weaknesses

SWOT Analysis is a useful technique for understanding a company’s strengths (S), weakness (W), opportunities (O) and threats (T). Environmental factors internal to the firm usually can be classified as strengths or weakness, and those external to the firm can be classified as opportunities or threats. SWOT analysis can help firm uncover opportunities that are well-placed to exploit. And by understanding the weaknesses of the business, firm can manage and eliminate threats that would otherwise catch it unawares. Furthermore, firm can start to craft a strategy that helps it distinguish itself from the competitors, so that the firm can compete successfully in the market.

SWOT analysis is an analysis tool that looks at the four dimensions of an organisation i.e. Strengths, Weaknesses, Opportunities and Threats. Strengths are the areas, operations or products that an organisation is good with while weaknesses is the opposite of strength and refer to all those activities, areas or operations where the company is not good. Opportunities mean anything that the company has the option to avail and which will help it to get a superior position over its rivals and competitors. Threats refer