BUS475 Tutorial - 7888

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  • From: Business,
  • Posted on: Fri 13 Apr, 2012
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1.       Just a quick reminder that SWOTT includes trends as well (the last T). This is noted in the textbook but sometimes not in the various website on the Internet. One point I like to emphasize is the importance of using research in strategic planning, which is a valuable component of trends. Do you have any specific example of how observation of trends can be valuable in this process? (100 word)

2.      You wrote: It is important to conduct a SWOT analysis to have an effective strategic plan since it helps in converting weaknesses and threats into strengths and opportunities. Even if a business cannot convert weaknesses into strengths, do you still believe it is at least a good opportunity to point out the potential flaws in policies, practices, and even people within a company. Does it foster growth? Or just fear, anxiety, and paranoia? (100 word)

3.      A SWOTT analysis has a lot of power to change things for a company, either for the good or for the bad. What do you think could safeguard a company against these negatives? Maybe more regular follow-up to SWOTT results? It seems to me that checking up on whether the SWOTT is working could help a great deal.  (100 word)

4.      What are some differences between trends and fads?? How do we know what to look for to determine which it is? Obviously we do not want to implement a fad into our company strategic plan, right?? (100 word)

5.      How can corporate culture be planned? What are the pros and cons of it? (100 word)

 


Solution Description

1.       Just a quick reminder that SWOTT includes trends as well (the last T). This is noted in the textbook but sometimes not in the various website on the Internet. One point I like to emphasize is the importance of using research in strategic planning, which is a valuable component of trends. Do you have any specific example of how observation of trends can be valuable in this process? (100 word)

 

Trends should be based