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How can a SWOT analysis help a company develop a strategic plan that will be successful?

This DB has three parts.

  1. A common tool used in strategic planning is the S.W.O.T. analysis. Pick a company you are familiar with and complete a SWOT analysis for it describing 5 each of Strengths, Weaknesses, Opportunities and Threats.
  2. How can a SWOT analysis help a company develop a strategic plan that will be successful?
  3. Describe the four functions of management.  What role do these play in the strategic decision making process?

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