COMMERCE 1B03 Lecture Notes - Swot Analysis, Pest Analysis, Problem Solving
28 Apr 2013
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Document Summary
Resources a general term that incorporates human resources, natural resources, and financial resources. Managers are educated to guide, train, support, motivate, and coach employees rather than tell them what to do. The trend today is to have planning teams to help monitor the environment, find business opportunities, and watch for challenges. The trend is to empower employees, giving them as much freedom as possible to become self-directed and self-motivated. This is an analysis of an organization"s strengths, weaknesses, opportunities, and. Threats how can strengths be used and capitalized on, how can weaknesses be improved, how can opportunities be exploited, and how can threats be mitigated. These strengths and weaknesses are for the most part within the control of the organization. They include elements that are referred to as primo-f: people, resources, innovation and ideas, marketing, operations, and finance. Opportunities and threats include concepts referred to as pestle: political, economic, social, technological, legal, and environmental.
