Swot Analysis - 1867 Words

SWOT Analysis Revision Guide The SWOT analysis has been widely accepted in marketing and business literature as a valuable means of assessing the fit between what a firm can and cannot do (strengths and weaknesses) and the environmental conditions that influence firm choices and behaviour (opportunities and threats) (Ferrell and Hartline, 2011:120). Strategic focus and the development of effective, productive priorities is a frequently overlooked and undervalued condition of the modern business environment. For organisations seeking to establish more opportunistic competitive footholds, the SWOT analysis offers a snapshot interpretation of both internal and external variables that could both positively and negatively influence the†¦show more content†¦Question 2: In what ways do managers fail in their efforts to construct SWOT analyses? How can these pitfalls be avoided? Question 3: Describe the transitional process between conceptualisation and implementation of the SWOT model in the business or marketing environment? www.businessteacher.org.uk Page 4 BUSINESS TEACHER Perfect Answers to the Example SWOT Analysis Questions Question 1: Please describe several key benefits of SWOT analysis, highlighting their value and influence from a strategic corporate perspective. There are a wide range of benefits associated with SWOT analysis, particularly those which arise out of more focused review of corporate competencies, their market orientation, and the opportunity to advance beyond underlying limitations. For example, if a manufacturing firm has positioned its operations as a market leader in screw manufacturing, entering the nail market as a form of diversification might be limited by competitive, economic or consumer forces that interrupt the opportunity for success. The SWOT analysis can provide a snapshot of underlying limitations and challenges that may require strategic re-orientation or an evaluation of means of enhancing competencies within a particular sector or business segment. Although recognising where a corporation’s weaknesses fall is valuable, it is the identificationShow MoreRelatedSwot Analysis Of Swot And Swot Analysis738 Words   |  3 Pagesknown as SWOT analysis. The SWOT analysis is business analysis method that business can use for each of its department when deciding on the most perfect way to increase their business and future growth. This procedure identifies the internal and external strengths, weaknesses, opportunities and threats that are in the markets. SWOT analysis helps you decide your position against your competitors, identifies best future opportunities, and highlight current and future threats. SWOT analysis is an acronymRead MoreSwot Analysis Of Swot Analysis : Swot1223 Words   |  5 PagesOnStar – SWOT Analysis To help OnStar determine if home monitoring services should be added to its list of products and services, a SWOT analysis should be completed. A SWOT analysis is a situation analysis or tool used to identify the strengths, weaknesses, opportunities and threats of an organization (SWOT Analysis Definition | Investopedia, 2005). Thus, it is a basic straightforward model that determines what an organization, like OnStar, can and cannot do, as well as determines its opportunitiesRead MoreSwot Analysis Of Swot Analysis : Swot911 Words   |  4 Pages SWOT Analysis In the article â€Å"SWOT analysis† Harmon (2015) offered a definition for SWOT analysis, the purpose of the SWOT analysis, the advantages of performing a SWOT analysis, and outlined and discussed the four components of the SWOT analysis. SWOT analysis is a planning and brainstorming tool that helps people evaluate an idea or project for a business or formulate a business plan (Harmon, 2015). It should be noted that SWOT analysis is an acronym for Strengths, Weaknesses, OpportunitiesRead MoreSwot Analysis : Swot And Swot1081 Words   |  5 PagesSWOT Analysis: A SWOT analysis (SWOT matrix) first used by Stanford Research Institute during 1960-1970 and it was presented by Mr. Albert S. Humphrey a American business and management consultant by using data from fortune 500 companies. We can succeed in our life if we use our talents to our full extent. Similarly, we‘ll have some problems if we know our weakness are, and if we manage these weaknesses so that we don’t matter in the work we do. To understand more about our self and our externalRead MoreSwot Analysis : A Swot1708 Words   |  7 Pages A SWOT analysis is â€Å"a structured planning method used to evaluate the strengths, weaknesses, opportunities and threats involved in a project or in a business venture.†(en.wikipedia.org/wiki/SWOT analysis, 03/11/14). A swot analysis can also be used to examine a person’s attributes. The strengths and weaknesses usually are internal factors whereas threats and opportunities are mainly external. Advantage Disadvantage Internal Strengths 1. Self-motivated 2. I am organised; accurate and pay attentionRead MoreSwot Analysis : Swot And Swot2320 Words   |  10 PagesSWOT analysis focuses on the internal factors which are the company’s strengths and weaknesses as well as the external factors which are the opportunities and threats which are gained from situational analysis, which focuses on summarizing all the pertinent information acquired about the key three environments of internal, customer, and external (Ferrell Hartline, 2014, p. 39). A SWOT analysis further gives a company precise advantages and disadvantages in satisfying the needs of its selectedRead MoreSwot Analysis : A Swot852 Words   |  4 PagesStrength, weaknesses, opportunities and threats, commonly known as a SWOT analysis is used by businesses. Organizations use the SWOT analysis technique to figure out and understand their areas of strong suits (strengths), their inevitable flaws (weaknesses), prospects that the organization could look into (opportunities) a nd things that pose as intimidations to the organization (threats). There are many obstacles to overcome when it comes to international expansion. Obstacles such as; language andRead MoreSwot Analysis : Swot And Swot1957 Words   |  8 PagesSWOT analysis focuses on the internal factors which are the company’s strengths and weaknesses as well as the external factors which are the opportunities and threats which are gained from situational analysis which focuses on summarizing all the pertinent information acquired about the key three environments of internal, customer, and external (Ferrell Hartline, 2014, p. 39). A SWOT analysis further gives a company precise advantages and disadvantages in satisfying the needs of its selected marketsRead MoreSwot Analysis : The Swot1215 Words   |  5 PagesThe SWOT analysis was originally introduced by Andrews Christiansen, Guth and Learned in 1969 and its basic organizing principles have remained largely unchanged in the field of str ategic management. [BADEN-FULLER, C. H. A. R. L. E. S., STOPFORD, J. (2002). The Firm Matters More than the Industry. Strategy for Business: A Reader, 123.] It is a systematic framework which helps managers to develop their business strategies by appraising their internal and external determinants of their organization’sRead MoreSwot Analysis : The Swot1888 Words   |  8 PagesThe SWOT analysis, a strategic planning tool was developed by Albert Humphrey in the 1960’s and 1970’s. Albert is said to have come up with this strategic planning tool through the use of data the Fortune 500 companies in the United States of America at that time (Lancaster Massingham, 2011). A SWOT analysis determines the strengths, weaknesses, opportunities and threats, which are a relevant part of any organization especially the ones that get involved in new ventures. This tool assists the users

Who is Duke Ellington - 533 Words

Duke Ellington was born on April 29, 1899 and died on May 24, 1974. He was born in Washington D.C but later on he moved to New York City. He was an American composer, pianist, and bandleader. He had that career for 50 years. He was known as one of the greatest composers. He had more than two thousand songs that where a hit at that time. He began to play the piano as a child his mom played that piano as well. She over saw his education. Duke played professional at age 17. When he moved to New York at the year he made his own band. Ellington was more interested in baseball, but he took piano lessons instead. In 1914 he wrote his first composition, ‘’Soda Fountain Rag’’, he created by ear because he still didn’t know how to read and write music. His generations were orchestral jazz, swing, and big band. The instrument he played was the piano. He started on 1914 and ended at 1974. Ellington melded some of the his group members and they were one of the best players in jazz. He gained a national profile through his Orchestra appearances at the cotton club. Ellington recorded songs written by his bandsmen. His reputation increased after he died and he got awarded in 1999. In jazz he was a giant among giants. When Ellington made the decision to leave Washington D.C he moved to Harlem and he became one of the figures of the Harlem Renaissance. He made eight records in 1924. Ellington had to increase from a six to eleven piece group to meet the requirement of the audition. EllingtonShow MoreRelatedDuke Ellington Essay746 Words   |  3 PagesDuke Elington Duke Ellington was an American jazz bandleader, composer, and pianist. He is thought of as one the greatest figures in jazz. The French government honored him with their highest award, the Legion of Honor, while the government of the United States awarded him with the highest civil honor, the Presidential Medal of Freedom. He played for the royalty and for the common people and by the end of his fifty-year career, he had played over 20,000 performances worldwide. HeRead MoreEssay On Duke Ellington1506 Words   |  7 PagesDuke Ellington: 1899-1974 Edward â€Å"Duke† Kennedy Ellington was born April 29, 1899 in Washington, D.C. Duke Ellington was born into a typical family with average income and growing up, the future musician was home-schooled by his parents. His father James Edward Ellington and mother Daisy Kennedy Ellington were both pianist. His father played operatic arias while parlor songs were his mother’s first choice. It is an interesting fact that Duke is not actually Ellington’s name, but it is only hisRead MoreDuke Ellington Essay1260 Words   |  6 PagesDuke Ellington Duke Ellingtons pre-eminence in jazz is not only because of the very high aesthetic standard of his output and not simply due to his remarkable abilities as a pianist, composer and bandleader, but also to the fact that he has extended the boundaries of jazz more than any other musician, without abandoning the true essence of the music. Perhaps no other American musician left such a massive and challenging legacy in composition and performance. Edward Kennedy Duke EllingtonRead MoreDuke Ellington Essay1129 Words   |  5 PagesDuke Ellington The Harlem Renaissance was an era full of life, excitement, and activity. The world in all aspects was in gradual recovery from the depression. The world of music was expanding, sharing it’s enthusiasm throughout the world. The evolution of jazz aroused the curiosity of the nation. As Blacks received their freedom, they were able to express themselves as talented individuals. Certain blacks contributed immensely to the era of jazz, for example, Duke Ellington. Ellington enteredRead MoreEssay on A Portrait Of Duke Ellington By Tracy Frech1748 Words   |  7 PagesPortrait of Duke Ellington By Tracy Frech Duke Ellington is considered to be one of the greatest figures in the history of American music. Edward Kennedy quot;Dukequot; Ellington was born in Washington D.C. on April 29, 1899. His parents were James Edward and Daisy Kennedy Ellington. They raised Duke as an only child, until his sister, Ruth, was born when Duke was sixteen years old. Duke, even as a teenager, had a great talent for music. In the beginning of his musical life, Duke began to takeRead MoreMHL 145 Chapter 6 Essay725 Words   |  3 Pagesswing fans kept on dancing. 3. Name some of the specific innovations Duke Ellington brought to jazz in the 1930’s and 1940’s. Duke Ellington brought some specific innovations to jazz in the 1930’s and 1940’s. Ellington was in time known as the greatest composer in jazz, he wrote roughly 2,000 compositions that had arranged from solo piano pieces, to works for orchestra’s, to highly symphonic concert music, etc. Ellington made a lot of changes to make the perfect sound, he used a variety of mutesRead MoreAlvin Ailey And The Civil Rights Movement1233 Words   |  5 Pagesactivist whose work focused on the narrative of the African American during the Great Depression and the Civil Rights Movement. Informed and inspired by black church services, gospel music, and everything spiritual, the collaborations between him and Duke Ellington come as no surprise. Ellington’s career also focused on depicting â€Å"the character and mood and feeling of [his] people†, except he executed this artistry through musicianship in composing, conducting, songwriting, and bandleading. Together, t heyRead MoreThe Most Influential African American Composers Of The Twentieth Century976 Words   |  4 PagesEdward Kennedy â€Å"Duke† Ellington Duke Ellington is considered to be one of the most influential African-American composers of the twentieth century. He was a composer, bandleader, songwriter, and a musician.   Duke Ellington was born in Washington D.C on April 29, 1899 and died on May 24, 1974 in New York, New York. Often times,   Duke’s music was called â€Å"American Music† because it was for America, later his music was placed under the category of Jazz. After his death, Duke’s musical reputation wasRead More Duke Ellington: An American Legacy Essays1818 Words   |  8 Pages Duke Ellington: An American Legacy nbsp;nbsp;nbsp;nbsp;nbsp;Where would music be had it not been for the men that stepped before him. The Motzarts and Beethovens, who wrote the music that today is known as the classics. These men were naturals in their own right, but these people wrote their music in the 17th and 18th century. Many people dont realize all of the changes that music had to go through between that period of music and the present day. One such musician stands alone at the topRead MoreEssay on Biography of Edward Kennedy Ellington2081 Words   |  9 PagesBiography of Edward Kennedy Ellington â€Å"I’m just an up and coming musician struggling to find another new note.† -Duke Ellington Edward Kennedy Ellington was born April 29th 1899 in Washington, DC. From an early age, Ellington was instilled with solid, conservative morals. He was taught to pride himself and his family and to achieve to the utmost of his dreams. At such a crucial time in the history of the African American, there was a struggle to be accepted and

Leadership and Management Essay Free Essays

INTROUCTION In this assignment I am going to define leadership and management, and then I will discuss some of the leadership theories i.e Contingency Theory, Path-goal Theory, Great man theory, Management theories, Transformational theory /leader. After that I did an organisational setting in which I discussing the leadership style of Steve jobs in Apple. We will write a custom essay sample on Leadership and Management Essay or any similar topic only for you Order Now Then I am going to discuss my strengths and weaknesses on the basis of my peer feedback. At last I write conclusion and recommendation. Leadership Leadership have different definitions given by different authors and practitioners, but generally it is relationship in which the behaviour or actions of people are influenced by one person. ‘’Leadership is the process of influencing a group within an organisation towards achieving an aim or goal’’ (Johnson, Scholes Whittington, 20011:471). According to Yukl leadership is:- ‘’The process of influencing others to understand and agree about what needs to be done and how to do it And the process of facilitating individual and collective efforts to accomplish shared objectives.’’ (Yukl, 2010:26) Individuals and organisations performance is influenced by the leadership because it is a two-way process. To enable their followers to function effectively leader motivate their followers and design organisational contexts. If the group is influenced or motivated by the leader and give their full effort to reach the desired goal then the performance of the company automatically improved. MANAGEMENT As Mullins said Management is ‘’Getting work done through the efforts of other people.’’ (Mullins, 2010:434) Manager is the person who performs the function of management by using the available resources efficiently and effectively to accomplish desired goals and objectives. Difference between Leadership and Management Leadership vs. Management Managers do things right; leaders do the right things. Relationship of Managing is an authority; leading relationship is influensive. Stability is created by management; change comes because of leading. LEADERSHIP THEORIES Contingency Theory of leadership is related to the business environment that determines which leadership style is best for the different situation. According to this theory there is no single style of leadership is appropriate for all situations. Path-goal Theoryis the third contingency model of leadership focuses on the leader to motivate subordinate. It suggests that the leader should remove hurdles, clarify the paths and increasing the reward for the followers to reach the goals by using any of the four leadership behaviour i.e. Directive leadership, Supportive leadership, Participative leadership and Achievement-oriented leadership. (House and Dessler, 2010:387-388) Great man theory suggests that leadership capability is inherent and the great leaders are born not made. According to this theory you are either a natural born leader or you are not. Management theories are also known as transactional theories. This leadership theory is based on system of reward and punishment. Assumptions of Management theories If the people get command from one superior or the chain of command is definite, then they perform their best. Management use reward and punishment to motivate workers. Followers must obey the instructions and commands of the leader. Transformational theory /leader efficiently and effectively motivate its team by using chain of command to get the job done. Transformational leader imagines the big picture of the organisation and come with a new idea that moves an organisation to reach that level. Broad framework of leadership styleis the managerial leadership towards subordinate staff and the focus of power within the three headings- Autocratic style- In this style management has the focus of power to take any decision. Democratic style- In this style the focus of power is more in a group. The leadership should share its function with group. Laissez-faire (genuine) style- In this style the group members have freedom to do whatever they want because manager knows that members of group are doing right thing. (Mullins, L.J. 2010:381) ORGANISATIONAL SETTING I read a case study of an Apple founded by Steve Jobs in1976. After reading the case study I found that Steve jobs is a transformational leader because he always comes with a new idea and effectively motivates his subordinates to reach his plan or goal. He believes in change that’s why he always found an opportunity in consumers taste and want. Apple is founded in 1976 and comes with Apple I a personal computer kit. He introduces Apple II in 1977 with colour graphics and floppy disk. Then apple launched Macintosh in 1984 it is the key step in the development of today’s pc. In 1996 apple bought NeXT. In 2001 he launched iPod music player for music lovers. By this he set of a new strategic option in music and entertainment. Then he came with the iPhone in 2007 and the MacBook Because of all these innovation I found that Steve jobs continuously transforming there products and making a new plan for the customers. PEER FEEDBACK Communication Communication is the process of exchange and flow of information from one person to another. Effective communication is a two way communication, in which the receiver gets the exact information that the sender transmitted. Communication is the very essential factor of leader because without good communication skill leader can’t convey his suggestions and decisions to the followers or he can’t lead them. Communication is of two types verbal and nonverbal. According to Mehrabian ‘’in face to face communication other people understands us only 7% by words we use, 38% from our voice and remaining 55% from body language and facial expressions.’’ (Mullins, L.J. 2010:230) Peer feedback In my group work my group mate and I discussed about the communication skills and the importance of communication in leadership. After that discussion we gave feedback to each other, in which I got average comment. According to my group members I have an ability to express the thing but I can’t elaborate clearly because I speak in a slow voice and the listener can’t get me clearly. Motivation Motivation is the process of stimulating someone to use his willingness for fulfilling the desired goal. A leader motivates their followers by praising them or by giving them reward like bonus, incentive, promotion etc. In Maslow’s Hierarchy Needs Theory he defines five needs of the people. He arranged these needs in a hierarchy order i.e. physiological needs, safety needs, love needs, esteem needs, self- actualisation needs. (Mullins, L.J. 2010:261) A good leader is a good motivator he always inspires the individual by different theories of motivation. Peer feedback During group discussion my group members gave me the positive feedback because they knew that in our finance assignment I helped one of my group member who find some problem in relating the ratios of the company with the economic factors, as I have a commerce background I helped him by giving theory and the proper link. Self-confidence Leadership grows from self-confidence, it is the fundamental basis of leadership. Leadership is about having confidence to make decisions. The group members or the followers can step forward towards the desired goal only when the leader is confident. So the leaders confidence is directly proportionate to the followers. It acts like a bridge between person and its goal. Peer feedback My group mate thinks that I am mediocre in self-confidence because when I am giving my strategy presentation I am not using my body language confidently and I am hesitating to give presentation. I’ll take that comment as a gift and try to increase my level of confidence. Delegation Delegation is the capabilities or knowledge of the person and issuing them a task, it also includes three concepts i.e. authority, responsibility and accountability. Delegation enables a leader to develop the performance of the followers to reach the desired target by making the best use of time. Peer feedback In my group activity I gave suggestions to my group and they observe it. When I get the chance I gave my suggestions to delicate the work. They found my suggestion an average because some time I didn’t find the strength of few team members in different tasks. So in some cases I am not able to assign a task to the right person. CONCLUSION A leader is a person who influences other people to accomplish the desired goal, leader accept challenges takes risk to remove hurdles for his subordinates, he had a different styles for different situations. A leader is a role model for the organisation. With the help of the feedback given by my group members I know what are my strengths and weaknesses, because of them I know what are the obstacles for me to be a good leader. REFERENCES (Yukl, G. (2010:26), Leadership in Organizations: Global Edition, 7th Edition, Pearson Higher Education) Mullins, L.J. (2010), Management and Organisational Behaviour, 9th Edition, Pearson Higher Education Mullins, L.J. (2010), Management and Organisational Behaviour, 9th Edition, Pearson Higher Education http://psychology.about.com/od/leadership/p/leadtheories.htm, (22 may 2011 ) How to cite Leadership and Management Essay, Essays