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Managers at each level of the organization use a type of SWOT analysis to identify strategies that will best position the company to achieve its mission and goals. The first step in a SWOT analysis is to identify an organization’s strengths and weaknesses that characterize the present state of the company. The next step requires managers to identify potential opportunities and threats in the environment that affect the organization in the present or possibly in the future. When the SWOT analysis is complete, managers begin developing strategies. These strategies should allow the company to attain its goals by taking advantage of opportunities, countering threats, building strengths, and correcting organizational weaknesses. Functions of management are plan, organize, lead and control. Levels of management are strategic, operational, tactical.
Demonstrate an understanding of concepts by analyzing and applying information. Do not just report on what you read or your experience/opinion. No more than 10% of response should be quotes. Attend live session or watch video for information on the assignment.
Use the company (Samsung) and SWOT analysis you selected in Week 1 for this assignment (Samsung was the company used in week 1) SWOT is an analysis, not a list.
Use at least one business journal article plus textbook as citations and references. Do not rely on company website as your only source.
Congratulations! You’ve been hired as a manager and have been asked to analyze the current status of your new company.
Review your company’s SWOT analysis and other available sources to evaluate the strategic needs of the organization within a changing global environment. Use the Wk 2 Apply Worksheet for your evaluation. Use APA format for citations and references required in the worksheet. Since the link does not always work, the work sheet is attached. Submit the worksheet as the assignment; do not submit as paper.
Respond to all parts of the worksheet with depth and details providing insights and analysis.
Note: This type of information is often found in the company’s annual report.
Submit the worksheet in Word document attachment; do not submit as a link, in PDF or write in assignment submission area.