I need an explanation for this Management question to help me study.
Complete the following IN YOUR OWN WORDS.It will be ran thru a plagiarism checker, thanks.
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.
Use the company and SWOT analysis(attached)
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(ATTACHED) for your evaluation.
Note: This type of information is often found in the company’s annual report.