Question

Describe the swot analysis, its components, and how it aids a company in making strategic decisions. provide examples of each component in the swot analysis.

Answer 1

This is my short version.

SWOT: strengths, weaknesses, opportunities and threats.
This is usually accomplished with a large management team. They can break out into teams, for an amount of time they start with strengths. They record and present. Reviewing the similarities help them focus. The ones that don't watchman be reviewed at another time. Do the same with the other categories. Allow 15 minutes for each discussion and 5 minutes for presentation. Hang them on the walls.
GOAL. To finish the 4 categories in about 2 - 2 1/2 hours.
NEXT STEP. Narrowing down the categories so that it is meaningful, doable and beneficial to the attendees.

This is called "where the rubber meets the road." This is where you need the time to discuss and move them towards decisions.
Example:
Strengths: great employees; good, solid management team
Weaknesses: Takes too long to hire when there is a vacancy; sometimes HR gives us resumes that do not match the vacancy
Opportunities: HR may relook at the hiring process, vacancies may get filled accurately and in less time
Threats: HR has vacancies also and they need additional manpower, finding time to improve

HOPE THIS HELPS!!!