Swot and Matched Pair Analysis

Category: Swot Analysis
Last Updated: 27 Jul 2020
Pages: 1 Views: 389

The term strategic planning is defined as "the process of determining a company's long term goals and then identifying the best approach for achieving those goals". The components of the strategic planning process consists of clearly defining the goals and objectives of an organization, assessing the internal and external environment of an organization, formulating strategies, implementing and evaluate those strategies, and making adjustment as and when needed. The environmental analysis is the vital component in strategic planning process, based on which the strategies will be formulated.

SOOT Analysis and Matched pair analysis helps in evaluating the environment in which the company operates, thereby proving opportunities to formulate optimum strategies for achieving company's short term and long term goals. The SOOT analysis involves defining the objectives and goals of an organization and identifying the environment factors both internal and external those are encouraging in achieving the objectives. SOOT analysis helps in identifying the strengths, weaknesses, opportunities and threats faced by an organization within its environment. Once the strengths and opportunities of an environment are identified,

SOOT analysis helps in matching the strengths with the opportunities to create competitive advantages. Also, the weakness and threats identified by SOOT are converted to strengths and opportunities. The Matched pair analysis helps in identifying strategies that helps a company in achieving its long term goals. It extends the reach of SOOT analyzing by adding more alternatives. Thus, matching pairs from the results of SOOT analysis helps in developing optimum strategies for achieving organization goals and objectives. Soot and Matched Pair Analysis By then

Order custom essay Swot and Matched Pair Analysis with free plagiarism report

feat icon 450+ experts on 30 subjects feat icon Starting from 3 hours delivery
Get Essay Help

Cite this Page

Swot and Matched Pair Analysis. (2018, Jun 02). Retrieved from https://phdessay.com/swot-and-matched-pair-analysis/

Don't let plagiarism ruin your grade

Run a free check or have your essay done for you

plagiarism ruin image

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy

Save time and let our verified experts help you.

Hire writer