Method for Developing Organizational Values

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Assessment questions and answers
Outline a method for developing organizational values?
a) Assessment of organizational culture and structure.
b) Mutual agreement by key stakeholders.
c) A review of strategic business plan.
What is the purpose of a SWOT analysis in a strategic planning process?
SWOT analysis is an abbreviation of the “strengths, weakness, opportunities and threats”1 .In the
strategic planning process context, the purpose of SWOT analysis is to get managers or key
stakeholders participating in the planning process to think about diverse aspects that might
potentially impact how the new project will be successful. Failure to analyses strengths,
weakness, opportunities and threats could influence managers to make poor planning and
decision making. Furthermore, analyzing these components of SWOT analysis helps
stakeholders involved in strategic planning process to determine which project have a high
possibility of being successful. The analysis also enables the strategic planning team to avoid
making costly mistakes.
Discuss each component of a SWOT analysis?
The components of SWOT analysis include strengths, weakness, opportunities and threats.
1 Bull, Joseph William, N. Jobstvogt, A. Böhnke-Henrichs, A. Mascarenhas, N. Sitas, C.
Baulcomb, C. K. Lambini et al. "Strengths, Weaknesses, Opportunities and Threats: A SWOT
analysis of the ecosystem services framework." Ecosystem services 17 (2016): 99-111.

Strength: This is the first component of the SWOT analysis process. In the strategic planning
process, “strengths” components are talents, experience, proficiency, skill, competitive
advantage or other external or internal factors that improves the project being planned to be
implemented and cannot be easily copied. Example of strengths that may impact strategic
planning process includes well-trained staff to work towards the accomplishment of projects
goals and objectives, solid financing, management expertise, good relationships between internal
and external stakeholders, high customer retention, valuable intellectual property, modern
machinery or equipment, superior technology and a superior brand.
Weakness: This is the second component of SWOT analysis. In the strategic planning process,
the main purpose of weakness is to evaluate problems and devises executable solutions.
Weakness consists of factors that reduce the ability of strategic management or team involved in
implementing the project to achieve its objectives, goals and targets. Some example, of weakness
that may impact the strategic planning process, may include gaps in expertise, mismanagement,
lack of enough funds to run and implements a project, insufficient efforts from the marketing
team and outdated machinery and or equipment.
Opportunities: This is the third component of SWOT analysis. Opportunities include external
factors that allow the project to be successful, grow and be profitable for an organization.
Example of opportunities includes advanced in technologies, team diversity, efficient support
from the management and innovations.
Threats: This is the fourth component of SWOT analysis. Threats are external obstacles that
might interfere with the implementation of the project. Threats that might affect the strategic
planning process include regulatory or legal changes, change in technology as Autio 2once said
2 Autio, Erkko. "Growth of Technology‐based New Firms." The Blackwell handbook of
entrepreneurship (2017): 329-347.

that “technology evolves every day”, consumer shifts to competitors product and decline or
instability in the economy.
What is the purpose of a Pestle analysis in a strategic planning process?
The purpose of PESTEL analysis in the strategic planning process is to determine the external
environment that might positively or negatively impact the project being planned to be
implemented3. The external factors (PESTEL) include political, economic, social, technological,
ecological, environmental and legal factors.
List four examples of questions you may ask when conducting a Pestle analysis?
a. What are economic factors affect the business? Is the economy unstable, stable or the
industry the company is operating growing? How much globalization does it affect a
market share of a company?
b. What are the political factors affecting the company? what are trading policies that might
impact the company? What regulations should the company follow and how have they
changed in the last five years?
c. What are the social factors affecting the business? Is the population slowing down or
growing?
d. What are the technological factors affecting the business? What new technologies are
critical for enhancing day-to-day operations?
Discuss three risks that should be taken into account in implementing strategic plans?
Financial risks (higher implementation costs than forecast) - The risks associated with
budgeting should be taken into account. For example, during the strategic planning process, the
3 Pan, Wei, Le Chen, and Wenting Zhan. "PESTEL analysis of construction productivity
enhancement strategies: A case study of three economies." Journal of Management in
Engineering 35, no. 1 (2018): 05018013.