Understanding SWOT Analysis and PEST Analysis.
I’m working on a Management question and need guidance to help me study. Understanding SWOT Analysis and PEST Analysis. Discuss how you would approach conducting a SWOT analysis for an organization. What do you consider to be the primary benefits of SWOT? What are the possible variables to be considered in SWOT? Next, discuss the role of external factors on the development of the strategic plan, with special emphasis on PEST analysis. What do you consider to be the primary benefits of PEST? What are the possible variables to be considered in PEST? Write your discussion in your own words, providing references and citations in support of your analysis. Your post must: Be at least 250 words.
Contain a minimum of one reference with the citation in APA style.
Follow APA style guidelines.
Response GuidelinesRespond to at least one other learner regarding SWOT and PEST factors. Your response must be substantive and contribute to the discussion. Compare your analysis to that of your peer and comment on the similarities and differences that you see. If there are aspects that you do not agree with, present an argument to support your position. If you need more information from your peer, be sure to ask questions for clarity. Learning ComponentsThis activity will help you achieve the following learning components: Research different planning strategies based on the SWOT analysis.
Assess the main function of each SWOT element in the strategic planning process.
Indicate various internal variables that may be considered in a SWOT analysis.
Research the standard approaches to SWOT and PEST used by organizations such as one’s chosen organization.
Research the social, economic, political, and institutional environment within which the chosen organization must function.
Write a summary narrative of the social, economic, political, and institutional research results.
Requirements: 250 Words