- A common tool used in strategic planning is the S.W.O.T. analysis. Pick a company you are familiar with and complete a SWOT analysis for it describing 5 each of Strengths, Weaknesses, Opportunities and Threats.
- How can a SWOT analysis help a company develop a strategic plan that will be successful?
- Describe the four functions of management. What role do these play in the strategic decision making process?