Scenario:SWOT Analysis
Strengths could be a company's product, assets, managers or work force, where weaknesses to consider are strategic direction, limited product portfolio, small client base, and poor marketing. After completing SWOT analysis, companies are in better position to develop strategies that exploit an organization's strengths and external opportunities, buffer or protect the organization from external threats, or correct critical weaknesses (Kinicki & Williams, 2016).
Select any company and view their strategic plan. After reviewing their SWOT analysis, assuming the role of a manager, what would be one decision you would recommend based on the strategic plan and the SWOT analysis?
Review the Chapter: Strategic Management: How Exceptional Managers Realize a Grand Design