Posted: May 16th, 2022
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SWOT Analysis Guidelines:
Please select a fortune 500 company you would like to conduct a SWOT Analysis on. My company is Amazon.
The SWOT Analysis should demonstrate the following: Write a 3 -5 page APA paper describing the below steps for the company you select. You are to use at least 3 references (Include a Reference Page) and please use the APA 7th edition.
How to Conduct SWOT Analysis?
SWOT stands for Strengths, Weaknesses, Opportunities and Threats. It is a way of summarizing the current state of a company and helping to devise a plan. Regardless of whether you or your team are future planning for specific products, work, personal or any other area, the SWOT analysis process can be conducted with the following steps:
Step 1 – List all strengths that exist now. Then in turn, list all weaknesses that exist now.
Step 2 – List all opportunities that exist in the future. Opportunities are potential future strengths. Then in turn, list all threats that exist in the future. Threats are potential future weaknesses.
Step 3 – Plan of action – Review your SWOT matrix with a view to creating an action plan to address each of the four areas.
Summary:
Strengths need to be maintained, built upon or leveraged.
Weaknesses need to be remedied or stopped.
Opportunities need to be prioritized and optimized.
Threats need to be countered or minimized.
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