MGT 498 Week 2, DQ 1 to
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Week 2 DQ 1 In week one we discussed mission statements & vision statements. These are used to develop goals & objectives for the organization. There are other things that also need to be done before goals & objectives are done. Please spend a few moments reviewing what a SWOT or SWOTt analysis is. How can the results of a SWOT analysis be used to develop goals for an organization. What do we mean by environmental scanning for strategic planning? SWOT is a tool that will help companies identify important variables that can shape decisions in the present & the future.
Understanding what a company's strengths are will allow them to dedicate more time & funds to areas that need improvement. By determining where the company needs to focus its efforts, goals can be created that are...