Strength - What you do well or what are you good at. For example, good team captain/leader faster and more accurate decision-making strong communication skills good hand-to-eye coordination gaming expert, good in observation disciplined and determination

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Strength - What you do well or what are you good at. For example,

  • good team captain/leader
  • faster and more accurate decision-making
  • strong communication skills
  • good hand-to-eye coordination
  • gaming expert,
  • good in observation
  • disciplined and determination

 

Weaknesses - could be something that you need improvement on; and what a person should avoid.

  • For example, I am doing too many things simultaneously if it’s into academics, which makes me dizzy and confused,
  • being high on anger when things are not occurring the way I want;
  • getting panicked if something is going out of hand,
  • when there’s an activity that I am not sure to do, I intend to ask others,
  • being unable to keep my composure, and
  • mostly get mentally blocked, especially in exams.

 

Opportunities - What options are available in front of you to grasp. For example,

  • to enhance my skills while working;
  • register and attend in webinars that are related to accounting subjects;
  • take full advantage of my available resources like getting reviewers to higher years or friends;
  • apply in any community service project
  • get support from my family members and friends, and
  • get scholarships that can help my financial needs.

 

Threats - All the risks that you may or may not have foreseen and whether you are ready for them or not. For examples,

  • health problems,
  • financial crises,
  • personal losses,
  • increased competition in academics with friends,
  • changed of perspective and behavior of teammates, and
  • performance failures
Instructions:
1. Identify at least a minimum of 5 personal STRENGTHS, WEAKNESSES, OPPORTUNITIES
AND THREATS.
2. Then answer the following questions based on #1 answers:
a. To what extent can this strength help to use the opportunity better?
b. To what extent do you use this strength to fight this threat?
c. To what extent do the weakness/weaknesses, hinder in making use of this
opportunity/opportunities?
d. To what extent do the weakness/weaknesses make this threat/s more
threatening?
Strength (S)
Weakness (W)
Opportunity (0)
Does S help us to grasp O?
Do W prevent us from
grasping O?
*Use this table in answering question number 2.
Threat (T)
Does S help us to defeat T?
Do W prevent us from
defeating T?
3. Then strategize on the most important O and T considering your S and W. Based on
this develop your own strategic action plan (start this year 2023 and cumulatively
overtime you must achieve competitive advantage by 2028 - 5 years from now)
a. Provide at least 3-5 strategic action plans per year (SMARTER specific,
measurable, attainable, realistic, ethical, relevant).
b. Present in bullet points with time frame included (2022, 2023, 2024, 2025, 2026
and 2027)
c. You may create your design/presentation in your output.
4. Format long coupon bond, print-out, Candara only, font size 11, maximum of 3 pages
(not back-to-back), single space. Deadline: February 27, 2028. (this is an individual task)
Transcribed Image Text:Instructions: 1. Identify at least a minimum of 5 personal STRENGTHS, WEAKNESSES, OPPORTUNITIES AND THREATS. 2. Then answer the following questions based on #1 answers: a. To what extent can this strength help to use the opportunity better? b. To what extent do you use this strength to fight this threat? c. To what extent do the weakness/weaknesses, hinder in making use of this opportunity/opportunities? d. To what extent do the weakness/weaknesses make this threat/s more threatening? Strength (S) Weakness (W) Opportunity (0) Does S help us to grasp O? Do W prevent us from grasping O? *Use this table in answering question number 2. Threat (T) Does S help us to defeat T? Do W prevent us from defeating T? 3. Then strategize on the most important O and T considering your S and W. Based on this develop your own strategic action plan (start this year 2023 and cumulatively overtime you must achieve competitive advantage by 2028 - 5 years from now) a. Provide at least 3-5 strategic action plans per year (SMARTER specific, measurable, attainable, realistic, ethical, relevant). b. Present in bullet points with time frame included (2022, 2023, 2024, 2025, 2026 and 2027) c. You may create your design/presentation in your output. 4. Format long coupon bond, print-out, Candara only, font size 11, maximum of 3 pages (not back-to-back), single space. Deadline: February 27, 2028. (this is an individual task)
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