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Please answer the following question in 200 word count in your owns word is using reference please add reference at the...

Please answer the following question in 200 word count in your owns word is using reference please add reference at the end of the question.

A SWOT analysis is used to assist those involved in the strategic planning process in compiling information pertinent to formulating the rest of a strategic plan. Although the information garnered from such an analysis can help to formulate strategies, the SWOT analysis itself does not always render concrete answers. For example, something found in the SWOT analysis might not fit neatly into one of the categories, but instead can be placed in several depending on which perspective you are looking at the characteristic from. Assume that you are asked to complete a SWOT analysis for a fictional, large, physician cardiology practice. You are having a hard time fitting all of the characteristics into the SWOT analysis categories. After careful deliberation, you complete the analysis and submit it for review to the practice manager.

3. Does the SWOT relate to strategic assessment? How?

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Answer #1

SWOT stands for analyzing a company current as well as future scenario that means understanding company strength and weaknesses helps to understand current status of company which actually depends on lots of factors like manpower, capital, networking, etc. Similarly when it comes to analyzing opportunities and threat which can play role in company future status is also comes under SWOT analysis. Opportunities helps us to plan our strategy for future projects and threat could be other competitive companies, less knowledge of market status etc. A company who keeps evaluating each step of SWOT are two steps ahead in situations where quick actions are needed based on the market requirements.

Strength and weakness are totally depend upon the employees, team work, marketing strategy etc. A strong team work and well planed strategy always leads to good productivity.

Opportunities depends on market requirement, understanding the demand of most required product at a reasonable amount. Having good networking system is helpful for information collection.

Threat could be external or internal and SWOT analysis must be planed in that way so that we can figure it out within time frame so that corrective actions are taken without creating more harm for the business.

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