Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Explain the role of a SWOT analysis for an organization. Then, explain how an organization could use a SWOT analysis to create positive social change,
Explain the role of a SWOT analysis for an organization. Then, explain how an organization could use a SWOT analysis to create positive social change, both internally and externally. SW(internal) OT(external)
Topics:
Strengths:(internal)
- Positive brand recognition
- intellectual property
- Cost advantages
- Skilled workforce
- Financial resources
Weakness: (internal)
- Negative brand recognition
- Expiring intellectual property
- KISIDE COSTS
- Unskilled workforce
- Lack on financial resources
Opportunities:(external)
- New technology
- Relaxing government regulations
- Elimination of international trade barriers
- Changing consumer preference
Threats: (external)
- The emergence of new competitors
- Pending government regulations
- Increased trade barriers
- Pending lawsuits
- New technology
Step by Step Solution
★★★★★
3.45 Rating (155 Votes )
There are 3 Steps involved in it
Step: 1
A SWOT analysis is a strategic planning tool that helps organizations identify their strengths weaknesses opportunities and threats By understanding these factors organizations can develop strategies ...Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started