Swott Analysis Paper

1571 Words7 Pages
SWOTT Analysis Paper

SWOTT Analysis Paper

A SWOTT analysis is used to present a detailed picture of the health of a company. This tool can be used to tune up or diagnose and repair issues that are worn or in the process of becoming faulty. Managers have access to a tool that will allow them to effectively evaluate and make decisions. The SWOTT analysis can ensure that issues are identified and classified so they may be prioritized properly. The problem is shown so managers can see the answer. The SWOTT analysis offer a four part approach in effort to analyze the necessary strategy and before implementing the long term plan the four aspects are considered. Danis
…show more content…
Changes in social/cultural environment affect customer behavior, which affects sales of products. Trends in the cultural environment include individuals changing their views of themselves, others, and the world around them and movement toward self-fulfillment, immediate gratification, and secularism” (Knol, marketing strategy p 16) External- opportunities and threats, Danis must look at the obstacles that they face in order to determine the lack of ability to perform as expected.
According to Bill Tamminga, “Economic factors include the nature and direction of the national economy in which a company does business. For international entities, it includes the global economy. We know that consumption is affected by the wealth of the population, and business people must plan accordingly. Some major considerations include the availability of credit and the amount of disposable income in a given market. Both inflation and interest rates and a given country 's GDP are other economic factors that can hinder or help your marketing efforts (Bill Tamminga, Small business consultant p.2,).
Social- Humans are conditioned to respond to different stimuli in unique ways. Whether it is through the general culture, family units, education, or religion, we are trained to react positively to certain

More about Swott Analysis Paper

Get Access