3) Briefly describe
the strategic planning process; including the SWOT analysis. Which method do
you think businesses use most when identifying IT project? Why?
The Strategic planning process involves helping
organizations to identify potential projects, and determining long-term
objectives by analyzing the strengths and weaknesses of an organization. Strategic
planning involves SWOT analysis - Strengths, Weaknesses, Opportunities, and
Threats analysis. A SWOT analysis is an organized list of your business’s
greatest strengths, weaknesses, opportunities, and threats.
Strengths and weaknesses are internal to the company.
You can change them over time but not without some work. Example: Location,
reputation.
Opportunities and threats
are external; they are out there in the market, happening whether you like it
or not. You can’t change them. Example: prices, suppliers
In
my opinion businesses focal point is on weakness. They are able to come to an
understanding of where they went wrong, make changes and to avoid mistakes on
future projects.
I wouldn't think that weakness is the main concern. I would in fact think that the whole SWOT analysis is equally important in terms of the planning process.
ReplyDeleteI totally agree with your belief on businesses focusing on the weaknesses of a project. It allows them to reduce risks of future projects.
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