Strategic Plan, Part II: SWOTT Analysis Paper
Strategic Plan, Part II: SWOTT Analysis
A SWOTT analysis is a necessary systematic tool used to evaluate both external and internal factors, which have influence over business decisions and adjustments to their market. Applying the SWOTT to Peter’s Accounting Services will help identify economic, legal, regulatory forces that affect business. This analysis will not only allow the business to identify strength but weaknesses in its industry. Understanding the weaknesses of the industry will also allow to strategies for different opportunities. By identifying threats and trends we can make bold predictions to take advantage of opportunities and changes before they come to fruition. We will be identifying seven different forces and trends that …show more content…
The art of planning cannot be understated as we noticed there is internal and external factors that impact business. Perception of the world around the business is a key component of this analysis. Understanding economic factors, legal and regulations can help avoid unnecessary problems and will also assist in making adjustments. Keeping up with competition and knowing your demographics can help you target your audience. Updated software and internal processes can insure long-term success because service is everything. Finally, setting goals and expectations will always guide a leader to lead his employees strive to achieve organizational goals.
References
Areavibes. (2014). North Hollywood Demographics. Retrieved from http://www.areavibes.com/los+angeles-ca/north+hollywood/demographics/
CPA Review. (2013). How to become a CPA. Retrieved from http://www.cpaexam.com/how-to-become-a-cpa/#.U3MP_F7XEpE
FCC. (2014). Telephone Consumer Protection Act of 1991. Retrieved from http://www.fcc.gov/document/telephone-consumer-protection-act-1991
H & R Block. (2013). H & R Block Newsroom. Retrieved from http://newsroom.hrblock.com/about/
Yelp. (2014, May). Accountants near north hollywood. Retrieved from
A SWOTT analysis is a necessary systematic tool used to evaluate both external and internal factors, which have influence over business decisions and adjustments to their market. Applying the SWOTT to Peter’s Accounting Services will help identify economic, legal, regulatory forces that affect business. This analysis will not only allow the business to identify strength but weaknesses in its industry. Understanding the weaknesses of the industry will also allow to strategies for different opportunities. By identifying threats and trends we can make bold predictions to take advantage of opportunities and changes before they come to fruition. We will be identifying seven different forces and trends that …show more content…
The art of planning cannot be understated as we noticed there is internal and external factors that impact business. Perception of the world around the business is a key component of this analysis. Understanding economic factors, legal and regulations can help avoid unnecessary problems and will also assist in making adjustments. Keeping up with competition and knowing your demographics can help you target your audience. Updated software and internal processes can insure long-term success because service is everything. Finally, setting goals and expectations will always guide a leader to lead his employees strive to achieve organizational goals.
References
Areavibes. (2014). North Hollywood Demographics. Retrieved from http://www.areavibes.com/los+angeles-ca/north+hollywood/demographics/
CPA Review. (2013). How to become a CPA. Retrieved from http://www.cpaexam.com/how-to-become-a-cpa/#.U3MP_F7XEpE
FCC. (2014). Telephone Consumer Protection Act of 1991. Retrieved from http://www.fcc.gov/document/telephone-consumer-protection-act-1991
H & R Block. (2013). H & R Block Newsroom. Retrieved from http://newsroom.hrblock.com/about/
Yelp. (2014, May). Accountants near north hollywood. Retrieved from