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Wk2 SWOT Analysis

SWOT

Q Question: In order to lead innovation, every business requires an evaluation of its current status. Perform a SWOT analysis and determine the need for change for your selected organization. Determine the problem and propose a solution (such as the introduction of new or updated process, product, or service). In a 525- to 700-word document, complete the following in your analysis: • Include the SWOT analysis you constructed and your complete SWOT graphic. • Determine the current challenge(s) or dilemma you will address as part of your Business Plan. • Justify how you determined the current challenge(s) or dilemma you will address as part of your Business Plan. • Propose a solution (such as the introduction of new or updated process, product, or service) for your business’s challenge or dilemma. • Justify the implications of your recommended solutions to enhance organizational outcomes. Format your assignment according to APA guidelines.

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Introduction Before selecting a company for SWOT analysis let’s just understand that what is SWOT analysis. SWOT stands for Strength, Weakness, Opportunity, and Threats. In any company Strengths and Weaknesses is the internal matter of a company on which we control and change whereas Opportunities and Threats are an external matter of the company (Parson, 2021). We can grab advantages from the opportunities and avoid the threats but cannot be changed.