Comment Assin.*2

Instruction: SWOT Analysis Discussion

1. Read these three discussions below.

1. Write one reply for each discussion. （means write three replies）

1. Each reply should be 80-100 words. (“Agree with you” or some points are good)

Discussion 1

Some benefits of utilizing this approach are that it helps companies out with strategizing their planning process that helps companies overcome challenges and also determine what new leads to pursue. Another benefit you get out of using this approach is that it helps create a strategy to have full awareness of all the factors involved in making business decisions. I believe that it does have an effective execution of strategy in a business setting. I think it does affect it because this makes you break down the situation into four different parts. Since you will be breaking down the situation piece by piece you will end up having a better understanding of the product or situation. Some limitations of the SWOT analysis could be that even though it is very simple to utilize there may be times where you want to get that one solution you are looking for and using this won't help because this method only generates too many ideas. This method also doesn't prioritize issues so if you want to use this method knowing you have issues then this method won't be much help. I think that since this method is only looking over the strengths, weakness, threats and opportunities it doesn't look into external factors like price increases or government legislation either and because of that it can have a negative impact on the execution strategy in business. Another reason why this methods limitation negatively leave an impact is because when you use this method you are looking to get a simple answer but you won't be able to because of the internal limitations such as insufficient research and development facilities or poor industrial relations and also because of the lack if skilled and efficient labour. These are just a few reasons how this methods limitations leave a negative impact.

Discussion 2

Utilizing a SWOT analysis can show a company where they are succeeding and where they are failing internally and externally. The best part of a SWOT analysis is that a company can find a small problem that is having a big impact on their strategy. This can also increase efficiency on business processes. This analysis can give a vast overview of a company and really pinpoint the areas that need less attention, and those that need improvement. It can also show where to allocate money to areas of need to improve the strategy as a whole. You might also find a process that is not needed or is not getting the right result and shut it down. 

 

Some limitations of a SWOT analysis are that although you might find areas of improvement, you might not have the resources to fix the problem. You can also find gaps in a structure that cannot be fixed quickly or easily. It is important to fix these things to better the future of the company. A company might also find threats that cannot be avoided and may be internal. An internal threat might be a huge problem that is not fixed by firing one individual. This is where a culture change is needed and must be fixed for long-term benefit. 

Discussion 3

SWOT analysis is a strategic planning technique used to help a person or organization identify strengths, weaknesses, opportunities, and threats related to business competition or project planning. Since the creation the swot it has been used by business owners to start and grow their companies. By using this Swot strategy, a company will be able to analyze what areas they will be able to increase their performance in finding a problem in their business. Not only will it find problems, but it will also give them a massive synopsis. Since this strategy will help you breaking down the business structure you will end up having a better understanding of every situation. However, the only limitation of this analysis is that you might find problems you won’t be able to fix right away, by lacking recourses your business needs but it’s crucial that you do so your business can be successful in the long run.