Respond to at least two of your fellow students posts in a substantive manner and provide information or concepts that they may not have considered respond with robust dialogue. Mini

Scott’s Post

The use of a SWOT analysis is only as good as the details that are known of the business. A detailed understanding of the company has to be viewed from a prism of unbiased views. I think many times that the analysis though completed is very imbalanced due to biased and prejudiced views of the company by its managers. If the view is that the engineering is a strength it needs to be determined why it is a strength and how to make sure that this is maintained as a strength and not deteriorate due to other priorities taking all of the attention and effort from the management team.

A complete SWOT analysis can definitely help a company succeed as long as it is completed with an open mind and a fair view of all the areas reviewed. This properly completed SWOT brings forth areas that management sometimes tend to not view and examine as they do not see them as an issue. The simple fact is that managers tend to have specific viewpoints and specialties that they understand and as such they may not see the area of strength or weakness that another may see. Therefor even a great SWOT analysis will only help the company succeed if the communication is proper and done in ways that makes it easy for others to understand the viewpoints expressed.

Scarlett’s Post A SWOT analysis is a valuable tool for business leaders when they are trying to evaluate a business plan. A SWOT analysis can help businesses when they are trying to gain a competitive edge and evaluate what can be done to help the organization succeed. The SWOT analysis can help business leaders identify any internal or external factors that can impact the organization’s goals and objectives (Pereira, 2023). When conducting a SWOT analysis, it is important to include the strengths, weaknesses, opportunities, and threats of the project or the organization. When organizations utilize a SWOT analysis, there are many benefits they can experience. First, using a SWOT analysis can help promote communication between the members of the organization. It allows everyone on the team to collaborate and use their skills and knowledge to identify aspects of the SWOT analysis. Additionally, SWOT analysis can help organizations develop a strategy to meet their organization’s goals. If used correctly, a SWOT analysis can help business leaders identify ways to bring their organization to success.

References

Pereira, D. (2023, March 10). SWOT analysis benefits and limitations. Business Model Analyst. Retrieved April 25, 2023, from https://businessmodelanalyst.com/swot- analysis-benefits-and-limitations/