Personal SWOT Analysis PDF

Preview

Summary

Personal SWOT Analysis, worth 10% of your grade....

Description

What is Strategic Management? Strategic Management is about managing and monitoring goals and about positioning an organization with a competitive advantage. While the previous sentence is an attempt to describe the strategy, DeKluyer & Pearce II, (2003) stated defining strategy is inherent complexity and preclude a one-sentence description. Strategic Management is about decisions, actions that formulate the implementation plans to achieve an organization’s objective. Formulating an effective strategy requires analysis and synthesis, and therefore is as much an analytic as a creative process. Strategic management includes monitoring internal objectives and external opportunities and threats. The Strengths and Weakness of an organization's internal environment is analysis as well as Opportunities and Threats (SWOT) that go on outside of an organization. A SWOT analysis helps to measure risks and rewards while also identifying the key factors related to accomplishing the stated objective. If done effectively, a SWOT analysis should lead to a strategy for dealing with negative factors while maximizing strengths and opportunities. The more precise your SWOT analysis, the easier it will be to create an action plan for accomplishing your objective. There are several levels of strategy - Go to https://www.mindtools.com/pages/article/what-is-strategy.htm read the article and create a personal career SWOT analysis on your career strategy.

Competitive Analysis - Make sure you are prepared to explain Porter’s Five Forces.

Strategic Management

Page # 1

Hawkins (18)

What is Strategic Management?

SWOT Analysis Worksheet • For instructions on using SWOT Analysis, visit www.mindtools.com/rs/SWOT. Strengths What do you do well? What unique resources can you draw on? What do others see as your strengths?           

Weaknesses What could you improve? Where do you have fewer resources than others? What are others likely to see as weaknesses?

Good public speaker Ability to get along with people Hard working Computer skills such as Microsoft office Have attention to detail Reliable On time Leader Speak fluent Mandarin and English Quick leaner Multi-tasker

         

Opportunities What opportunities are open to you? What trends could you take advantage of? How can you turn your strengths into opportunities?     

Bilingual job opportunities International studies Working over seas Lot of Chinese jobs opened Communicate with others in different language

I worry about what people think of me No experience in HR Procrastinate Easily distracted Cannot read or write in Chinese Lack of experience in big companies Limited managerial time Emotional Impatient

Threats What threats could harm you? What is your competition doing? What threats do your weaknesses expose you to?    

People who can read and write Chinese Better leaders out there than me More experience since I am young Only worked for small companies

© Copyright Mind Tools Ltd, 2006-2015. Please feel free to copy this sheet for your own use and to share with friends, co-workers or team members, just as long as you do not change it anyway.

Strategic Management

Page # 2

Hawkins (18)...