Strategic planning provides guidance to organizations in fulfilling their mission and goals with maximum efficiency and impact. To begin such a planning process leadership must know the organization’s current situation. Generally, the planning process begins by assessing the organization’s internal and external situations using a specific tool. The most used organizational assessment tool is the S.W.O.T. (Strengths, Weaknesses, Opportunities, Threats) Analysis.
Imagine that you’re a consultant to the global company you selected in your earlier assignment. The company has requested that you create a strategic plan for them. A strategic plan is a document that organizations develop to communicate goals and the actions needed to achieve those goals with a timeline and all of the critical elements in the planning exercise. Complete a SWOT analysis on your company using the template included in this week’s resources. Then, prepare at least three recommendations for improvement based on the results of the SWOT. Your recommendations will also be used as you develop your organization’s strategic plan in the next part of this assignment. Using the SWOT analysis template available in the Week resources, complete the analysis on your company.
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