STEN 1000 Chapter Notes - Chapter 6: Swot Analysis
5 Dec 2014
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Document Summary
Swot stands for strengths, weaknesses, opportunities, and threats. Strategy defines what the organization intends to accomplish and where it plans to compete. Strategy outlines specific objectives the organization hopes to achieve for each of its identified business initiatives and/or business units. Operating plan is a detailed, immediate-term set of objectives and corresponding tactics designed to achieve a specific business initiative. Vitality is the level of financial and operational commitment an organization incurs as a result of implementing the organization"s strategies. refers to the ability of the nfp to grow and sustain its membership base and donor base. Entrepreneurship ensures that the involvement of the community where an organization is located and the population that it serves are reflected in the formulation and implementation of the strategy.
