Strategic Planning

RUNNING HEAD: Strategic Plan, Part II: SWOTT Analysis

Strategic Plan, Part II: SWOTT Analysis

Kelly Howerton

University of Phoenix

Strategic Plan, Part II: SWOTT Analysis

SWOTT Analysis

In the business world, SWOTT analysis that reveals company’s strength, weakness, opportunities, threats and trends moreover have vast implication in achieving the objectives. Through the correct comprehension of SWOTT analysis, companies can evaluate both the external and internal factors that continuously smooth the progress of managing the predetermined objectives. “Accurately applied, this simple assumption has sound, insightful implications for the design of a successful strategy (Pearce II and Robinson, 2009).”Essence of Time prides itself on being efficient, intuitive, and loyal to each and every one of its customers. It is the objective of Essence of Time to acknowledge and surpass the anticipations of the clients by increasing the value of their lives and lessening their amount of stress. Through a complete and careful SWOTT analysis, the company can see where improvement is needed and ways to better manage the factors that could prohibit it from achieving the set goals.

| Strength | Weakness | Opportunity | Threat | Trend |

External Factors | | | | | |

Legal and Regulatory | This external force would advance the potential of the company’s strategy formulation. | Interest rates set forth by the government. | Government Regulation softening. | Frequent alterations in the legal/ regulatory frameworks or rules. | N/A |

Global | Services are in high demand in most parts of the world | limited resources for expanding its global reach | Positive market perceptions. | Some clients are entering into strategic partnerships to expand their global footprint | N/A |

Economic | High chances for the possibility of outstanding growth | Clients will look for low-cost shoppers and not be as focused on the quality. This could decrease the profits of the company. |...