Relationship between the opportunities and threats sections

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Although strategic management does not guarantee organizational success, the process allows proactive rather than reactive decision making (David & David, 2017). The SWOT analysis activity allows for an internal and external review of the environment to help create a strategy. Think about your role as VP at E-MAGINE Biomedical and respond to the following points and questions:

-Why is a review of the external and internal environment during a SWOT analysis important?

-What is the relationship between the strengths (S) and weaknesses (W) sections? What is the relationship between the opportunities (O) and threats (T) sections?

-Why do you think a SWOT analysis is one of the first steps in creating a strategy?

Reference no: EM132896177

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