In: Operations Management
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.
Role of a SWOT analysis for an organization is-
SWOT analysis is the strength, weakness, opportunities and also
the threats of the organization.
SWOT analysis main and the basic role is that it studies internal
and therefore the external environments of the organization. It
helps to acknowledge internal strengths and the weaknesses of the
organizations and also the external opportunities as well as the
threats.
It also helps the organization for building a good strategic plan
which should meet the organization goals and helps the organization
to run better.
The organization could use SWOT analysis to create positive
social change, both internally and externally as-
SWOT analysis focuses on the internal and also the external
factors which could affect your organization in a positive way or a
negative way.
So, it helps to create a positive social change, both internally
and also externally.
SWOT analysis finds your internal strength and also the key
areas of the organization which are doing best.
So, you can work on them for the success of the organization and
for competitive advantage.
SWOT analysis identifies the changes within the environment that
could become threat for your organization.
Example- If their are new trends within the market
and many new technology is their which is not their in your
organization. Then you can identify them and implement changes in
your organization to avoid the threat.