MGT 450 Week 3 DQ 1 SWOT Analysis Strategic Planning
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SWOT Analysis & Strategic Planning Identify and describe the areas of a SWOT analysis and discuss why it is important to consider these areas when developing a strategic plan. Why is it often difficult to develop a realistic analysis? Respond to at least two of your classmates posts. You must create one initial post and at least two responses, for a minimum of three posts for this discussion A SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis can be difficult to realistically apply because while it is easy to subjectively point out certain aspects of a company, the difficulty lies in identifying information that can be sufficiently used to gain advantages. Also, external and internal environments continue to change and evolve, therefore, a SWOT analysis may only be useful...