DEFICINCIES IN THE IMPLEMENTATION OF SWOT ANALYSIS Cover Image

DEFICINCIES IN THE IMPLEMENTATION OF SWOT ANALYSIS
DEFICINCIES IN THE IMPLEMENTATION OF SWOT ANALYSIS

Author(s): Borislav Borisov
Subject(s): Economy, Business Economy / Management
Published by: Стопанска академия »Д. А. Ценов«
Keywords: SWOT analysis; plans; programmes

Summary/Abstract: SWOT analysis is one of the strategic analysis methods most widely employed to ‘reconcile’ advocates of introverted management concepts (organizational excellence, process management, economical production, etc.) and extroverted approaches (marketing, strategic management for results, early warning systems, etc.). It gives prominence to both the environment and the internal state of a subject in order to examine possible combinations of internal and external factors and generate ideas for strategic choices.Reviewing SWOT analyses as a constituent of all current strategic documents gives grounds for the assertion that its implementation is strikingly limited in terms of methodology, which renders it impossible to draw adequate conclusions or identify feasible development strategies. This articlesupports the thesis that SWOT analysis might be far more useful when it is properly implemented and its full potential is utilised.

  • Issue Year: 2015
  • Issue No: 1
  • Page Range: 15-31
  • Page Count: 17
  • Language: English