[Answered 2024] MGMT 436 Creation of a SWOT analysis – Homework Solution

[Answered 2024] MGMT 436 Creation of a SWOT analysis – Homework Solution

MGMT 436 Creation of a SWOT analysis

In this module, you will start the creation of a SWOT analysis which is the identification of your strategic audit company’s Strengths, Weaknesses, Opportunities, and Threats. For this module, you will start to develop Section III of your Strategic Audit Report by creating pieces pertaining to the external environment and how they impact your selected company by developing an EFAS table or summary of external factors.

They include opportunities and threats such as the natural physical environment, societal environment, and task environment. Researching these areas will help you identify the opportunities and threats that can enhance or threaten your strategic audit company. Being able to realize what can impact your organization for good or bad is imperative to creating and maintaining a successful strategy.

 

MGMT 436 Creation of a SWOT analysis - Homework Solution
MGMT 436 Creation of a SWOT analysis – Homework Solution

Complete Your Deliverable

Provided are the guidelines to complete each part:

  1. Provide a written overview of the natural and physical environments affecting your strategy audit company. This summary could include topics such as but are not limited to the climate, pollution, weather, temperature, sea level, fresh water, flooding, etc. There is no minimum number of topics to write about; however, each one should be relevant to your strategic audit company.
  2. Explain how the following forces are currently affecting industries in which your strategic audit company competes:
  • Economic
  • Technological
  • Political-Legal
  • Sociocultural

Please provide a 2-3 sentence explanation for each force, with at least one outside source properly cited and references for each to validate and support your answers.

MGMT 436 Creation of a SWOT analysis – Homework Solution
  1. Complete an External Factor Analysis Summary (EFAS) table following the guidelines and instructions in the following documents:
  • External Factor Analysis Summary Guidelines (DOCX)Download External Factor Analysis Summary Guidelines (DOCX)
  • EFAS Worksheet (DOCX)Download EFAS Worksheet (DOCX)
  • EFAS Sample (DOCX)Download EFAS Sample (DOCX)

Review the Strategic Audit Report Guidelines page for additional details on this course project.

Submit Your Results

  • Parts 1 and 2 of your assignment should be one written page each in length for each part.
  • Part 3 of your assignment should consist of the completed worksheet.
  • All pages should be double-spaced, with sources cited and referenced using current APA formatting.

You should have a total of two (2) written pages and the completed worksheet upon completion of all parts. Compile all pages of your document to submit to this assignment.

External Factor Analysis Summary Guidelines

Here are the guidelines for completing the EFAS table.

External Factors (Column 1)

  • Select five strategic opportunities and five strategic threats facing your selected strategic audit company.
  • List each of these factors as either opportunities or threats in the appropriate column in the EFAS table.
  • Provide a detailed description of each factor.
  • If outside information is used in the comments section, then it must be cited and referenced correctly in APA format.

Weight (Column 2)

  • The total weight for all of the factors should be 1.00.
  • Decide how strategic each of the ten factors is in comparison to each other. As an example, a factor might have a high strategic significance for your company with a weight ranging from .15 to .20. On the other hand, a factor may have little in the way of strategic significance, when compared to the other nine factors, and might have a weight of .05.
MGMT 436 Creation of a SWOT analysis – Homework Solution

Rating (Column 3)

  • In this column you are to rate how effective the firm has been in meeting the opportunities and threats, with 5 being the top score for any factor. As an example, if you feel a firm is doing a super job of moving into Asia then give a rating of 5.0.

Weighted Score (Column 4)

  • Now multiple the scores you have in Columns 2 and 3 for each factor.
  • This will produce a weighted score for each factor.

Comments (Column 5)

  • Provide a detailed description reflecting why you gave the rating for each factor.
  • If outside information is used in the comments section, then it must be cited and referenced correctly in APA format.

Total Scores

  • At the bottom of the matrix record the totals of the Weight Score (Column 2), and Weighted Score (Column 4).
  • The Total Weighted Score should indicate how effective your firm has been in handling its opportunities and threats.

External Factor Analysis Summary Worksheet

FACTORS WEIGHT RATING WGTD

SCORE

COMMENTS
OPPORTUNITIES
O1
O2
O3
O4
O5
THREATS
T1
T2
T3
T4
T5
TOTAL SCORES
MGMT 436 Creation of a SWOT analysis - Homework Solution
MGMT 436 Creation of a SWOT analysis – Homework Solution

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