Question

SWOT analysis in Fox run Manor.

Create a clear vision I

dentify your goals

Identify resources necessary to achieve these goals

Who will this affect? How will you evaluate your plan?

Answer 1

Answer: SWOT analysis can be commonly known as (strengths, weaknesses, opportunities and threats analysis) is a framework for identifying and analyzing the internal and external factors that can have an impact on the viability of a project, product, place or person. Businesses can use a SWOT analysis, at any time, to assess a changing environment and respond proactively. In fact, conducting a strategy review meeting at least once a year that begins with a SWOT analysis.

• Strengths describe the positive attributes, tangible and intangible, internal to organization.
• Weaknesses are aspects of business that detract from the value offered or place at a competitive disadvantage.
• Opportunities are external attractive factors that represent reasons business is likely to prosper.
• Threats include external factors beyond control that could place strategy, or the business itself, at risk.

The plan for the SWOT can be conducted as to get the most complete, objective results, a SWOT analysis is best conducted by a group of people with different perspectives and stakes in company. Management, sales, customer service, and even customers can all contribute valid insight. SWOT analysis process is great opportunity to bring team together and encourage their participation in and adherence to company’s resulting strategy. This will enhance the productivity of the business.