Swot Analysis A Swot - 1371 Words

SWOT analysis is valuable in understanding and revising the position of the company before decisions are made about company direction or the application of a new business idea. PEST is a tool to assess external factors. It is useful to complete a PEST analysis before a SWOT, although it may be more useful to complete a PEST analysis during, or after, a SWOT. SWOT and PEST are vital in determining the success of a business. SWOT analysis is a form of situational analysis in which internal strengths and weaknesses of an organization, and external opportunities and threats are scrutinized to create a strategy. SWOT stands for strengths, weaknesses, opportunities, and threats. It identifies strengths and weaknesses that apply and is a type of administrative analysis. It is an audit of the company s internal workings, which are usually more easily controlled than external factors. On the contrary, investigating opportunities and threats is a type of environmental analysis—the company must look externally to the business so it can decide on its opportunities and threats which it has less control over. http://www.referenceforbusiness.com/management/Pr-Sa/SWOT-Analysis.html PEST is a form of situation analysis in which political, economic, social and technological factors are used to assess a company s long-term plans. The analysis examines the impact of each of these factors (and their interplay with each other) on the business. The results can then be used to capitalise onShow 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 : 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 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 : 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 : 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 : 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) and 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 : 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 determine s 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 usersRead MoreSwot Analysis : A Swot3101 Words   |  13 Pagesa) Carry out a SWOT analysis to reflect your own current skills and competencies 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

Understanding Human Resource Management - 2586 Words

Human Resource Management Reflective Paper First Name Middle Last Name BUS 303: Human Resources Management Farrell Martin Date Human Resource Management Reflective Paper I strongly believe Human Resource Management is the most appropriate name for the position. It points out the importance of the most valuable resource an organization has, its people, and identifies programs to ensure its most valuable resource is taken care of so the organization can attain its strategic goals and objectives! Human resource management has been called a number of different names in recent history as the duties have grown and matured into the position it is today. Since human resource management was recognized as an independent and important†¦show more content†¦Youssef describes five common selection methods; resumes and application forms, testing, interviews, reference checks, and honesty tests, medical exams and drug testing. (Youssef, 2012). Two of the most popular methods used in selection are resumes and application forms, and interviews. With application forms they assist in gathering basic information ab out a potential employee such as contact information, work experience, education, in addition to the applicants’ signature validating the information is true and accurate. Resumes are controlled by the potential employee and may not be completely accurate. Resumes do provide a great method for obtaining large sums of information and a creating a large pool of potential candidates with the basic requirements for the position. Resumes have become an essential filter to trim the pool of candidates to a manageable number. With Resumes and application forms the process could theoretically only be a paper or electronic review without ever meeting with the applicant. With interviews they are normally conducted face to face or in certain circumstances by telephone or over the internet in a streaming video chat. The interview can evaluate the potential employees’ communications skills, interpersonal skills and his or her technical experience and knowledge. This, accordin g to Youssef, is one of the most commonly used selection tools in employment. (Youssef,Show MoreRelatedUnderstanding The Human Resource Management782 Words   |  4 PagesUnderstanding the human resource management theory is important to understanding the role that human resource management practices have in the volunteer mechanism. According to Armstrong (2010), Strategic Human Resource Management (SHRM) is â€Å"an approach to making decisions on the intentions and plans of the organisation in the shape of the programmes, policies and practices concerning the employment relationship, performance management, learning and development, resourcing, rewards and employee relationshipsRead MoreUnderstanding The Philosophy Of Human Resource Management980 Words   |  4 Pagesopen market, human resource management becomes a significant variable for the efficient growth of any organization. Manpower planning was the very first concept used in ancient eras with the passage of the trends changes and the concept of manpower planning changed and become personal management. Today personal management is known as Human resource management. Some of the factors or significant variables mentioned by the American writers Terrey and Franklin (1996) 6 â€Å"M† of management, viz. Men andRead MoreUnderstanding The Different Perspective Of Human Resource Management5039 Words   |  21 PagesChapter 1- Understanding the Different Perspective of Human Resource Management 1.1 How the ‘Guest model’ of human resource management (HRM) is adopted at Harrods In human resource management a model has been showed by Guest (1987). Guest model is different from compliance based personal management. It is actually a commitment based human resource management model. Guest model introduce some new concept of human resource management, those are: †¢ Human Resource Management (HRM) of an organizationRead MoreInternational Human Resource Management : Understanding The Cultural Environment1257 Words   |  6 Pagesinternational Human Resource Management: understanding the cultural environment or understanding the political and legal environment? Why? Include key terms and concepts from the textbook. While there are many various global issues that affect the International Human Resource Management to run efficiently, there are two key concepts that play a major role in understanding how to approach them with cohesive and a well coherent strategy; they are the International Human Recourse Management StrategyRead MoreThe Role of Strategic Groups in Understanding Strategic Human Resource Management15467 Words   |  62 Pagesrole of strategic groups in understanding strategic human resource management Judie M. Gannon Oxford School of Hospitality Management, Faculty of Business, Oxford Brookes University, Oxford, UK The role of strategic groups 513 Liz Doherty Business School, Shefï ¬ eld Hallam University, Shefï ¬ eld, UK, and Angela Roper School of Hospitality Tourism Management, University of Surrey, Guildford, UK Abstract Purpose – This article aims to explore how understanding the challenges faced by companies’Read MoreStrategic Human Resource Management : A Deeper Understanding Of The Dominant And Minority Cultures Essay839 Words   |  4 PagesPedro Miguel Romero, F., Gonzalo Sà ¡nchez, G. (2013). Workforce diversity in strategic human resource management models. Cross Cultural Management, 20(1), 39-49. doi: http://dx.doi.org/10.1108/13527601311296247 RQ How effective is workforce diversity without a deeper understanding of the dominant and minority cultures in human resource management? The article expounded on how strategic human resource management can get the most out of workforce diversity via the universalistic, contingent and configurationalRead MoreExamples of Ihrm and Domestic Hrm Essay841 Words   |  4 Pagesfrom a lack of understanding of the essential differences in managing human resources in foreign environments (Desatnick Bennett 1978). The world has become more globalized, competitive, dynamic and uncertain than ever before. As more and more firms operate internationally, the search for the elements of global competitive advantage is a prominent theme in the management literature (Dickman Mà ¼ller-Camen, 2006: 580). There is a clear need to develop an understanding of how to competeRead MoreImpact Of Hrm Practices On Employee Performance Essay883 Words   |  4 Pages2015) entitled: Islamic human resource practices and organizational performance: some findings in a developing country. The study showed some significant and positive relationships between Islamic human resource practices and organizational performance. A study by (Azmi , 2015) entitled: â€Å"Human Resource Practices and Organizational Performance:A Preliminary Finding of Islamic Organizations in Malaysia†. This study concluded that there is only one Islamic human resource practice – training andRead MoreHuman Resource Management and Strategic Human Resource Management1136 Words   |  5 PagesManaging Human Resources, 3rd edn, John Wiley Sons, Milton, Qld. In chapter 1 of the text, the author shows an overview of human resource management and strategic human resource management. The author also shows the relationship between HRM and management, manager’s role meaning of strategy, strategic approach to HRM and strategic challenges. Lots of diagrams and explanations are used by the author. This chapter has contributed to my understanding of strategic human resource management by analysingRead MoreHuman Resources Management : Human Resource Management958 Words   |  4 PagesHuman Resource Management Overview As we all know when it comes to every business and organization that is out there, they all need help from Human Resources to continue to help the company grow. What is human resource management? Well Human Resource Management is the overall process that deals with how Human Resources manages their employees as well as different issues that can come across within the organization. Human Resource Management are in charge of different tasks including recruiting as

The First Day free essay sample

The set-up for the beginning of the story describes the narrator’s social status. It appears that when the narrator was young, she came from a low income family, her mother states: â€Å"You gonna go there and learn about the whole world† (Jones 29). The mother says these words as if she was aiming for her child to achieve a great goal, the narrator says: â€Å"For as many Sundays as I can remember, perhaps even Sundays when I was in her womb, my mother has pointed across I street to Seaton†¦Ã¢â‚¬  (Jones 29). This indicates that it was her mother’s dream to initiate her daughter’s studies in what she believed was the best school. A parent of higher income would not dream to send his or her child to a high class school; the parent would just do it. Also, the narrator gives an in-depth description of the preparation that she endures as her mother attempts to perfect her appearance, wanting to make the impression that her daughter belongs at school, and does not deserve a life in poverty. Furthermore, the narrator gives another hint of her past social status when she says: â€Å"I am learning this about my mother: The higher up on the scale of respectability a person is-and teachers are rather high up in her eyes- the less she is liable to let them push her around† (Jones 29). If the narrator’s mother considers teachers to Pg. 2 be of a higher social status, then, this would mean that the narrator’s mother either did not have an education or did not complete her studies, which is relatively common among people of extreme poverty. The story continues, and it shows her mother’s determination in giving her child a better future. This is observed when the narrator’s mother doesn’t give up after she was told that because of the location where she lived she couldn’t get her child to attend Seaton Elementary School, which was the school she always wanted her child to go to. The narrator’s mother doesn’t give up and tells her daughter, â€Å"One monkey don’t stop no show† (Jones 29), showing her intensions to continue on looking for a place where her daughter can be educated. Eventually the narrator’s mother does find a school which would take her daughter, but the encouraging attitude is quickly veiled when during her admission to the new school, the narrator finds out that her mother cannot read and write. The narrator learns that this is not normal, even though she is very young, she could identify that her mother doesn’t have the ability to read or write like the rest of people. This was the beginning when the narrator, even though young, begins to understand that there was going to be a change in her life. Her mother lets her know this by cutting short a game they always use to play, she makes her understand that this was a significant situation, and even though she didnt quite understand, things were going to be different from that point forward. Based on the aforementioned passages, which serve as supporting evidence, and the puzzle I would intent to explain next, I believe is very clear that the narrator’s shame of her mother began on her first day of school. I built this argument because according to the story this particular day was the beginning of a change in the narrator’s life; she stated: â€Å"On an otherwise unremarkable September morning†¦Ã¢â‚¬  (Jones 27), she clearly points that this was a â€Å"remarkable â€Å"day in her life, a day she cannot Pg. 3 forget. Through the book scenarios, we learned that by being able to go to school, the narrator is probably on a much higher social level than her mother ever was, and by having an education the narrator was able to grow out of poverty and despites the fact that she was ever poor. In addition, the fact that her mother was not able to read shamed her to the core, and her humiliation did began her first day of school, when she realized that she was poor and her mother was an uneducated woman; that is what the narrator was ashamed of. Thickening the plot, the story also suggests that because that her mother was no â€Å"push† over among people of higher class, it could have created several arguments as the narrator grew intellectually and socially. Perhaps, being â€Å"now† and educated woman, she rather admit to be ashamed of her mother because she had extreme arguments with her, and would blame her mother’s ignorance to her new world and social life, but the narrator would not accept that it was because her mother couldn’t read; after all, this would be too awful since deep inside she knew that it was her mother who made her into the accomplished person she is. But the shame on her mother did in-fact started when she became aware that her mother was illiterate. It is sad that a child would be ashamed of her own mother, especially after she made every effort to see her child succeed. Being an immigrant from another country, I knew the sacrifices my mother had to endure in order to provide me with a better future, but in-turn I continued my mother’s dreams through my successes in life and pride all her sacrifices. The narrator never realized that she inherited the feel of superiority and arrogance from her mother: As the narrator’s mother left the school, her footsteps signified strength, diligence, determination, and the endurance she was passing on to her daughter. The mother understood that this was going to be the start of a new life for her daughter in order to make sure that she would never be like her, but she was indeed. Pg. 4 Citations * Jones, E. P. (1992). Lost in the city, the first day.