Select any major
government agency and explain how a SWOT analysis of it would
usefully contribute to its strategic planning processes.
What are the elements of strategic planning?
Ans:
GOVERNMENT AGENCIES :FEDERAL GOVERNMENT
Federal Government and Employment referred as Employment 1946 during this analysis may be a Harvard Business Review (HBR) case study used.
SWOT Analysis stands for – Strengths, Weaknesses, Opportunities, and Threats that Employment 1946 encounters both internally and in macro environment that it operates in. Strengths and Weaknesses are often restricted to company’s internal - resources, skills and limitations.
Opportunities and Threats are factors that are analyzed in sight of the prevalent economic process and other factors like social, health & safety, legal & environmental, economic , political, and technological.
According to global executive survey done by Harvard Business Review & Brightline Initiative – Only 20% of the strategic targets set by organizations are realized. Rest 80% of the strategic targets aren't achieved due to incomprehensive planning, limited resource allocation, and poor execution
The successful organizations like Employment 1946 are the one who ready to predict market trends better than others, provide resources to develop products and services to leverage those trends, ready to counter competitors’ threats, and meet customers’ arithmetic mean proposition.
HOW SWOT ANALYSIS utilized in federal :
The four key elements of SWOT analysis are -Strengths, Weaknesses, Opportunities & Threats. Employment 1946 can use strengths to make niche positioning within the market, can strive to scale back & remove weaknesses in order that it can better compete with competitors, look bent leverage opportunities provided by industry structure, regulations and other development in external environment, and eventually make provisions and develop strategies to mitigate threats which will undermine the business model of Employment 1946.
STRENGTH : federal AND EMPLOYMENT
Strengths are the utilization 1946 capabilities and resources that it can leverage to create a sustainable competitive advantage within the marketplace. Strengths come from positive aspects of 5 key resources & capabilities - financial resources, physical resources like land, building, activities & processes, past experiences and successes, and human resources .
WEAKNESS : federal AND EMPLOYMENT
Weaknesses are the areas, capabilities or skills during which Employment 1946 lacks. It limits the power of the firm to create a sustainable competitive advantage. Weaknesses come from lack or absence of 5 key resources & capabilities - physical resources like land, building, financial resources, human resources, activities & processes, and past experiences and successes .
OPPORTUNITIES : federal AND EMPLOYMENT
Opportunities are macro environment factors and developments that Employment 1946 can leverage either to consolidate existing market position or use them for further expansion. Opportunities can emerge from various factors like - changes in consumer preferences, economic process , political developments & policy changes, technological innovations, and increase in consumer income .
THREATS : federal AND EMPLOYMENT
Threats are macro environment factors and developments which will derail business model of Employment 1946. Threats can emerge from various factors like - economic process , increase in consumer income , changes in consumer preferences, technological innovations, and political developments & policy changes .
- Squeezing bourgeoisie in Developed and Developing World – The growing inequality is one among the most important threat to not only globalization but also to capitalism. Employment 1946 first hand witnessed the impact of it where it's seen lower demand of its products from bourgeoisie customers in US and EU market.
- Increasing costs component for working in developed market due to environmental regulations – Employment 1946 has got to affect these costs as governments try to levy higher environmental taxes to market cleaner options. For Employment 1946 it's going to result into higher logistics costs and better packaging costs.
- Growing Protectionism - Employment 1946 should hedge the danger against growing protectionism starting from – storing data into international market to diversifying risk by operating into countries at different economic cycle.
- Credit Binge post 2008 Recession – quick access to credit are often over any time, so Employment 1946 should specialise in reducing its dependence on debt to expand. The party has lasted for quite a decade and rollback from Fed may result in huge interest costs for Employment 1946.
- Government Regulations and Bureaucracy – Employment 1946 should keep an in depth eye on the fast changing government regulations under the growing pressure from protest groups and non government organization especially regarding to environmental and labor safety aspects.
- Threats of latest Entrants due to Reducing Costs and Increasing Efficiencies – As Employment 1946 can leverage low cost of reaching customers using social media and e-commerce, so can the competitors – both local and international competitors.
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