Thursday, October 17, 2019
A SWOT analysis explores the relationship between the environmental Essay
A SWOT analysis explores the relationship between the environmental influences and the strategic capabilities of an organisation - Essay Example Critically speaking, it is a fact that an internal strategic capability analysis puts the entire focus on the way the environment gets in contact with the product that is marketed under the aegis of an organization. The direct link with the competitors is always apparent in the case of one such analysis. However, what is most important here is that the product is compared against its own basis nonetheless. The manner in which the link between the environmental influences and the strategic capabilities of an organization is made clear is something that brings sanity within the realms of an organization. It puts the basis right of many an undertakings within the business enterprise and tells the senior management where they are going wrong and what corrective steps need to be taken under their aegis (Devane, 2007). Therefore a SWOT analysis is a good enough beginning for finding out where the product is at a particular period in time. It finds out where it will be in a given time as we ll. This is important because the product within the aegis of an organization is moving from one position to another, and discerning new avenues of growth and development all this while. This consistent race to reach the coveted top position within the industrial settings ensure that the product will bring in new standards and advancements to make sure success comes about in full circle (Richter, 2009). The SWOT analysis would eventually be the difference between how things are being managed and how these shall be taken care of in the coming days. It is of fundamental significance to realize the gravity of the situation at hand because the SWOT analysis presents a clear cut picture of where the strengths and weaknesses lie within the internal realms and how the opportunities can be cashed upon and the threats be reduced to larger proportions. The entire understanding of the SWOT analysis emanates from finding out where the organizations are being handled properly and where they are losing ground on most of the occasions. However it is always a difficult proposition to begin with and it is imperative to know how the product under the realms of an organization aims to determine its strong points and the problems that lie close to its own basis. In keeping with this discussion, this paper tries to establish the link between the environmental influences and the strategic abilities and capabilities so that a better understanding of the product and indeed the organization is made in the long range scheme of things. Essentially the use of the Porterââ¬â¢s Five Forces Model suggests that success could only be achieved within the SWOT analysis if proper efforts and undertakings are incorporated within it. This would mean that the new entrants are tapped, their threats are analyzed and foreseen and the required steps are taken beforehand to thwart any hiccups that may so arise at a later point in time. The Porterââ¬â¢s Five Forces Model is indicative of the fact t hat the SWOT analysis will be done in an effective and efficient manner. It highlights the exact ways and means through which different threats are analyzed and thus countered with the passage of time (see Appendix 1). These five forces surround the discussion of the new entrants which could come about at any
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