SWOT Analysis of Every Business

SWOT analysis is a matrix whose elements can be broken down into Strengths, Weaknesses, Opportunities, and Threats. In the analysis, the aforementioned elements, which happen to be present in any business, product, or place, are looked at and decisions made regarding the same.Advertising We will write a custom report sample on SWOT Analysis of Every Business specifically for you for only $16.05 $11/page Learn More SWOT analysis majorly entails determining the external and internal factors of a project or business venture and consider their favourability. From the comparisons of the internal and external environments, a strategic fit is arrived at. For instance, with the help of SWOT analysis, a business is able to operate in a competitive market environment. The elements of the SWOT matrix stand for the following Strengths: These are the features of the business or project that give the latter competitive advantage over other businesses in the market. Th ey could include assets, human resource, technological resources and prospects, just to mention a few. Weaknesses: These include features of the business that place it at a disadvantaged position over the other businesses in the market. Weakness could include high employee turnover, unsolved legal disputes, and business restrictions, among others. Opportunities: These are features that the business has its disposition, which could be exploited to its benefit. Mergers and acquisitions are examples of opportunities. Threats: These are elements in the external environment that could have a negative impact on the performance of the business. Currency fluctuations are an example of a threat in the business environment. The four elements of the SWOT matrix are classified into two broad groups of internal and external factors. Strengths and weaknesses fall into the class of internal factors of the organisation, while opportunities and threats are manifested in the external environment. The external factors mainly entail matters of the macroeconomy, socio-cultural, law, and changes in the market environment.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In most cases, businesses have no control of the external factors and the only way of dealing with them is by safeguarding or shielding the business or projects from the impact of the external factors. Internal factors mostly entail matters that can be controlled by the business management. The application of SWOT analysis is diversified ranging from projects, profit-making and non-profit making organisations, sole-entrepreneurship, and companies, among others. It is of significance in decision making, especially in cases where the objectives are defined. In addition to this, SWOT analysis can be used in preventing organisational crisis through proper planning of both the internal and external environment. For instance, whe n an organisation is under financial distress, it could use SWOT analysis to identify the affected opportunities and have a pre-crisis plan to prevent the organisation from losing its opportunities. Finally, yet importantly, SWOT analysis is crucial in providing recommendation for project studies and surveys. It is an indicator of the viability of the study or survey. From the above discussion, it can be concluded that SWOT analysis is an important management tool in any organisation. The strategic plans and decisions arrived at after a SWOT analysis help in the achievement of organisational goals and objectives. Despite its significance, SWOT analysis just like any other tool of management, has faced a lot of criticism regarding its performance and application. For instance, SWOT analysis has the drawback of prioritisation and compilation of the factors in the various categories. With this weakness, it becomes difficult to analyse wrongly categorised factors and come up with soluti ons. This report on SWOT Analysis of Every Business was written and submitted by user Brendon Love to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

3 Cases of Semicolon Overkill

3 Cases of Semicolon Overkill 3 Cases of Semicolon Overkill 3 Cases of Semicolon Overkill By Mark Nichol Semicolons serve a useful function in helping distinguish between elements of complex sentences, but lengthy sentences with long phrases do not necessarily require the support semicolons provide. These three sentences demonstrate unnecessary application of the semicolon as a comma on steroids. 1. Electrical shock may cause serious burns; injuries to internal organs, such as your heart; and even death. Semicolons should generally be employed as strong commas when elements of a list themselves include lists or otherwise include commas of their own. Here, however, the sentence construction is clear and simple; â€Å"such as your heart† is obviously part of the list element pertaining to injuries to internal organs (and doesn’t necessarily need to be set off from the rest of the phrase anyway): â€Å"Electrical shock may cause serious burns, injuries to internal organs, such as your heart, and even death.† 2. Examples of enhancements might include reporting on the status of critical enterprise risks; changes in key external variables impacting the validity of the organization’s strategic assumptions; significant emerging risks; the capabilities for managing other important business risks; and the status of initiatives to improve capabilities. The elements of this list are wordy but not complex, so â€Å"supercomma† semicolons are an excessive measure: â€Å"Examples of enhancements might include reporting on the status of critical enterprise risks, changes in key external variables impacting the validity of the organization’s strategic assumptions, significant emerging risks, the capabilities for managing other important business risks, and the status of initiatives to improve capabilities.† 3. The basketball star’s legendary moves- aerial assaults; triple-clutch reverse layups; facials on seven-footers; one-handed rebounds or ball fakes; opposing shots stolen from the sky; big-game buzzer beaters at any time- couldn’t be replicated. As in the previous example, the use of semicolons in this sentence is overkill: â€Å"The basketball star’s legendary moves- aerial assaults, triple-clutch reverse layups, facials on seven-footers, one-handed rebounds or ball fakes, opposing shots stolen from the sky, big-game buzzer beaters at any time- couldn’t be replicated.† Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Punctuation category, check our popular posts, or choose a related post below:Creative Writing 10150 Idioms About Meat and Dairy ProductsHow to Punctuate Introductory Phrases