DTU ProjectLab - User contributions [en-gb]

Strategic Planning using SWOT analysis

2021-02-28T06:06:57Z

Avishkar: /* SWOT ANALYSIS */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools. <ref name="Strategic Planning">Steiner, G. A. (2020). Strategic Planning. Retrieved from Google Scholar: https://books.google.co.in/books?hl=en&lr=&id=EXoPC22vb4oC&oi=fnd&pg=PR7&dq=strategic+planning&ots=50_PAOUkyG&sig=IrYY21CzOvYcabQuDCWVNaXdvW4&redir_esc=y#v=onepage&q=strategic%20planning&f=false/</ref>
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).<ref name="Strategic Management">BARNEY, J. B. (2006). Strategic Management and Competitive Advantage. USA: Prentice Hall./</ref>

SWOT analysis helps to discover new possibilities for new projects or solutions to issues, and thus offers valuable insights at every point of the project. It also aims to help us decide on the best course of action for our initiative. Identifying project success opportunities in the sense of success threats may help to explain directions and choices. It defines the degree to which improvement is feasible. If you're in the midst of making a decision, a list of your strengths and weaknesses will help you define goals and choices. A new opportunity can unlock new doors, while a new threat may close one that previously existed. SWOT analysis offers valuable information for matching a company's capital and skills to the competitive environment in which it operates. It assists in the decision-making process by allowing complicated concepts to be addressed systematically and organising the important factors linked to business success and failure. <ref name="Slide Share">Kothari, D. (2016). Slide Share. Retrieved from Slide Share: https://www.slideshare.net/deeptikothari1/swot-analysis-57966971/</ref>

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.<ref name="Strategic Management-Concepts">DAVID, F. R. (2003). Strategic Management-Concepts and Cases. USA: Pearson Education./</ref>
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2020. <ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2020, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.<ref name="HP inc">inc, H. (2020). SWOTT analysis of HP inc. Retrieved from SWOTT analysis of HP inc.: https://statstic.com/swot-analysis-of-hewlett-packard-hp//</ref>
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. HP's gross costs & expenditures rose from $48.5 billion in 2017 to $55 billion in 2020.<ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc. <ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

==REFERENCES==
<references />

Strategic Planning using SWOT analysis

2021-02-28T06:02:15Z

Avishkar: /* SWOT ANALYSIS */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools. <ref name="Strategic Planning">Steiner, G. A. (2020). Strategic Planning. Retrieved from Google Scholar: https://books.google.co.in/books?hl=en&lr=&id=EXoPC22vb4oC&oi=fnd&pg=PR7&dq=strategic+planning&ots=50_PAOUkyG&sig=IrYY21CzOvYcabQuDCWVNaXdvW4&redir_esc=y#v=onepage&q=strategic%20planning&f=false/</ref>
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).<ref name="Strategic Management">BARNEY, J. B. (2006). Strategic Management and Competitive Advantage. USA: Prentice Hall./</ref>
SWOT analysis helps to discover new possibilities for new projects or solutions to issues, and thus offers valuable insights at every point of the project. It also aims to help us decide on the best course of action for our initiative. Identifying project success opportunities in the sense of success threats may help to explain directions and choices. It defines the degree to which improvement is feasible. If you're in the midst of making a decision, a list of your strengths and weaknesses will help you define goals and choices. A new opportunity can unlock new doors, while a new threat may close one that previously existed. SWOT analysis offers valuable information for matching a company's capital and skills to the competitive environment in which it operates. It assists in the decision-making process by allowing complicated concepts to be addressed systematically and organising the important factors linked to business success and failure. <ref name="Slide Share">Kothari, D. (2016). Slide Share. Retrieved from Slide Share: https://www.slideshare.net/deeptikothari1/swot-analysis-57966971/</ref>

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.<ref name="Strategic Management-Concepts">DAVID, F. R. (2003). Strategic Management-Concepts and Cases. USA: Pearson Education./</ref>
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2020. <ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2020, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.<ref name="HP inc">inc, H. (2020). SWOTT analysis of HP inc. Retrieved from SWOTT analysis of HP inc.: https://statstic.com/swot-analysis-of-hewlett-packard-hp//</ref>
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. HP's gross costs & expenditures rose from $48.5 billion in 2017 to $55 billion in 2020.<ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc. <ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

==REFERENCES==
<references />

Strategic Planning using SWOT analysis

2021-02-24T12:00:41Z

Avishkar: /* DISADVANTAGES OF SWOT ANALYSIS */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools. <ref name="Strategic Planning">Steiner, G. A. (2020). Strategic Planning. Retrieved from Google Scholar: https://books.google.co.in/books?hl=en&lr=&id=EXoPC22vb4oC&oi=fnd&pg=PR7&dq=strategic+planning&ots=50_PAOUkyG&sig=IrYY21CzOvYcabQuDCWVNaXdvW4&redir_esc=y#v=onepage&q=strategic%20planning&f=false/</ref>
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).<ref name="Strategic Management">BARNEY, J. B. (2006). Strategic Management and Competitive Advantage. USA: Prentice Hall./</ref>

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.<ref name="Strategic Management-Concepts">DAVID, F. R. (2003). Strategic Management-Concepts and Cases. USA: Pearson Education./</ref>
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2020. <ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2020, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.<ref name="HP inc">inc, H. (2020). SWOTT analysis of HP inc. Retrieved from SWOTT analysis of HP inc.: https://statstic.com/swot-analysis-of-hewlett-packard-hp//</ref>
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. HP's gross costs & expenditures rose from $48.5 billion in 2017 to $55 billion in 2020.<ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc. <ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

==REFERENCES==
<references />

Strategic Planning using SWOT analysis

2021-02-24T12:00:10Z

Avishkar: /* ADVANTAGES OF SWOT ANALYSIS */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools. <ref name="Strategic Planning">Steiner, G. A. (2020). Strategic Planning. Retrieved from Google Scholar: https://books.google.co.in/books?hl=en&lr=&id=EXoPC22vb4oC&oi=fnd&pg=PR7&dq=strategic+planning&ots=50_PAOUkyG&sig=IrYY21CzOvYcabQuDCWVNaXdvW4&redir_esc=y#v=onepage&q=strategic%20planning&f=false/</ref>
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).<ref name="Strategic Management">BARNEY, J. B. (2006). Strategic Management and Competitive Advantage. USA: Prentice Hall./</ref>

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.<ref name="Strategic Management-Concepts">DAVID, F. R. (2003). Strategic Management-Concepts and Cases. USA: Pearson Education./</ref>
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2020. <ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2020, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.<ref name="HP inc">inc, H. (2020). SWOTT analysis of HP inc. Retrieved from SWOTT analysis of HP inc.: https://statstic.com/swot-analysis-of-hewlett-packard-hp//</ref>
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. HP's gross costs & expenditures rose from $48.5 billion in 2017 to $55 billion in 2020.<ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc. <ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.

==REFERENCES==
<references />

Strategic Planning using SWOT analysis

2021-02-24T11:59:48Z

Avishkar: /* SWOT ANALYSIS */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools. <ref name="Strategic Planning">Steiner, G. A. (2020). Strategic Planning. Retrieved from Google Scholar: https://books.google.co.in/books?hl=en&lr=&id=EXoPC22vb4oC&oi=fnd&pg=PR7&dq=strategic+planning&ots=50_PAOUkyG&sig=IrYY21CzOvYcabQuDCWVNaXdvW4&redir_esc=y#v=onepage&q=strategic%20planning&f=false/</ref>
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).<ref name="Strategic Management">BARNEY, J. B. (2006). Strategic Management and Competitive Advantage. USA: Prentice Hall./</ref>

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.<ref name="Strategic Management-Concepts">DAVID, F. R. (2003). Strategic Management-Concepts and Cases. USA: Pearson Education./</ref>
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2020. <ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2020, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.<ref name="HP inc">inc, H. (2020). SWOTT analysis of HP inc. Retrieved from SWOTT analysis of HP inc.: https://statstic.com/swot-analysis-of-hewlett-packard-hp//</ref>
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. HP's gross costs & expenditures rose from $48.5 billion in 2017 to $55 billion in 2020.<ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc.

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.

==REFERENCES==
<references />

Strategic Planning using SWOT analysis

2021-02-24T11:06:50Z

Avishkar: /* SWOT ANALYSIS */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools. <ref name="Strategic Planning">Steiner, G. A. (2020). Strategic Planning. Retrieved from Google Scholar: https://books.google.co.in/books?hl=en&lr=&id=EXoPC22vb4oC&oi=fnd&pg=PR7&dq=strategic+planning&ots=50_PAOUkyG&sig=IrYY21CzOvYcabQuDCWVNaXdvW4&redir_esc=y#v=onepage&q=strategic%20planning&f=false/</ref>
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2020. <ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2020, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.<ref name="HP inc">inc, H. (2020). SWOTT analysis of HP inc. Retrieved from SWOTT analysis of HP inc.: https://statstic.com/swot-analysis-of-hewlett-packard-hp//</ref>
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. HP's gross costs & expenditures rose from $48.5 billion in 2017 to $55 billion in 2020.<ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc.

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.

==REFERENCES==
<references />

Strategic Planning using SWOT analysis

2021-02-24T11:05:41Z

Avishkar: /* INTRODUCTION */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools. <ref name="Strategic Planning">Steiner, G. A. (2020). Strategic Planning. Retrieved from Google Scholar: https://books.google.co.in/books?hl=en&lr=&id=EXoPC22vb4oC&oi=fnd&pg=PR7&dq=strategic+planning&ots=50_PAOUkyG&sig=IrYY21CzOvYcabQuDCWVNaXdvW4&redir_esc=y#v=onepage&q=strategic%20planning&f=false/</ref>
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.<ref name="SWOT Analysis">Dergisi, U. S. (2017). SWOT ANALYSIS: A THEORETICAL REVIEW. The Journal of International Social Research./</ref>
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2020. <ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2020, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.<ref name="HP inc">inc, H. (2020). SWOTT analysis of HP inc. Retrieved from SWOTT analysis of HP inc.: https://statstic.com/swot-analysis-of-hewlett-packard-hp//</ref>
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. HP's gross costs & expenditures rose from $48.5 billion in 2017 to $55 billion in 2020.<ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc.

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.

==REFERENCES==
<references />

Strategic Planning using SWOT analysis

2021-02-24T11:01:22Z

Avishkar: /* DISADVANTAGES OF SWOT ANALYSIS */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools.
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2020. <ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2020, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.<ref name="HP inc">inc, H. (2020). SWOTT analysis of HP inc. Retrieved from SWOTT analysis of HP inc.: https://statstic.com/swot-analysis-of-hewlett-packard-hp//</ref>
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. HP's gross costs & expenditures rose from $48.5 billion in 2017 to $55 billion in 2020.<ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc.

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.

==REFERENCES==
<references />

Strategic Planning using SWOT analysis

2021-02-24T10:59:50Z

Avishkar: /* SWOT ANALYSIS OF HP INC. */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools.
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2020. <ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2020, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.<ref name="HP inc">inc, H. (2020). SWOTT analysis of HP inc. Retrieved from SWOTT analysis of HP inc.: https://statstic.com/swot-analysis-of-hewlett-packard-hp//</ref>
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. HP's gross costs & expenditures rose from $48.5 billion in 2017 to $55 billion in 2020.<ref name="Macrotrends">Macrotrends. (2021). HP Income Statement 2005-2020. Retrieved from Macrotrends: https://www.macrotrends.net/stocks/charts/HPQ/hp/income-statement/</ref>
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc.

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.

Strategic Planning using SWOT analysis

2021-02-24T10:22:23Z

Avishkar: /* SWOT ANALYSIS OF HP INC. */

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan or project. This study shows the position of SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes SWOT analysis of an international electronic or computer hardware & printer brand.

'''Keywords: -'''
SWOT analysis, strategic planning

== INTRODUCTION ==
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools.
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.
* Vision
* Mission
* Objectives
* Internal / External factors.
* Strategic choice
* Strategic implementation.
* Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

== SWOT ANALYSIS ==
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).

[[File:SWOT analysis.jpg]]

In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.
* '''Strengths: -'''
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.

* '''Weaknesses: -'''
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.

* '''Opportunities: -'''
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.

* '''Threats: -'''
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.

== SWOT ANALYSIS OF HP INC. ==

{| class="wikitable sortable"
|-
!Strengths
!Weaknesses
|-
|
* '''Leadership position: -'''
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2018.
* '''Product innovation: -'''
The company invests a significant sum each year in research and innovation. In 2018, it invested around $1.4 Billion in R&D.
* '''Strong portfolio & computing products: -'''
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.
|
* '''Declining PC market: -'''
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
* '''Growing operational costs: -'''
HP's operating costs have also tended to rise exponentially over time. In 2018, HP's gross costs & expenditures rose from $48.5 billion in 2017 to $54.4 billion.
|
|-
!Opportunities
!Threats
|-
|
* '''Diversification: -'''
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
* '''Marketing & customer engagement: -'''
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.
|
* '''Competition: -'''
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
* '''Regulatory pressures: -'''
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
* '''Rising labour & raw material cost: -'''
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.
|}

== ADVANTAGES OF SWOT ANALYSIS ==
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
* SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
* As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
* Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
* SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
* SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
* SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc.

== DISADVANTAGES OF SWOT ANALYSIS ==
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
* It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
* As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
* Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
* In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
* It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.

Strategic Planning using SWOT analysis

2021-02-24T10:18:17Z

Avishkar: /* SWOT ANALYSIS OF INDUSTRY */

Strategic Planning using SWOT analysis

2021-02-24T10:07:51Z

Avishkar: /* SWOT ANALYSIS */

Strategic Planning using SWOT analysis

2021-02-23T20:41:12Z

Avishkar: /* SWOT ANALYSIS */

Strategic Planning using SWOT analysis

2021-02-23T20:37:57Z

Avishkar: /* SWOT analysis */

Strategic Planning using SWOT analysis

2021-02-23T20:37:36Z

Avishkar: /* SWOT analysis */

File:SWOT analysis.jpg

2021-02-23T20:36:00Z

Avishkar:

Strategic Planning using SWOT analysis

2021-02-23T20:35:30Z

Avishkar: /* SWOT analysis */

Strategic Planning using SWOT analysis

2021-02-23T20:34:50Z

Avishkar: /* SWOT analysis */

Strategic Planning using SWOT analysis

2021-02-23T20:33:04Z

Avishkar:

File:SWOT analysis (own file).jpeg

2021-02-23T20:31:33Z

Avishkar:

Strategic Planning using SWOT analysis

2021-02-23T20:21:20Z

Avishkar: Abstract

Articles Spring Term 2021

2021-02-23T20:07:17Z

Avishkar: /* Overview of 2021 Wiki Collections */

=Overview of 2021 Wiki Collections=

{| class="wikitable sortable"
|+Spring Term 2021 Wiki Collections
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|First name
|Surname
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|[[Article name]]
|-
|-
|TAs Example
|Thomas
|Giannoulopoulos
|s192419
|[[APPM Example 2021]]
|-
|-
|Group 12
|Christian
|Frøsig
|s175044
|[[Belbin's 9 team roles]]
|-
|-
|Group 1
|Oliver
|K. Vittrup
|s163754
|[[Top-down vs bottom-up estimations]]
|-
|-
|44
|Jeyad
|M. Baig
|s153585
|[[Planning Methods - 3 Levels of Project Planning]]
|-
|-
|Group 17
|Quoc-Khanh Rose-Marie Therese
|Madsen
|s123462
|[[Applying Tuckman’s model for team development]]
|-
|-
|31
|Haoxiang
|Sang
|s192258
|[[Cost control with statistic tools]]
|-
|-
|Group 31
|He
|Fan
|s192195
|[[Work Break-down Structure]]
|-
|-
|Group 19
|Ángel
|Castro del Olmo
|s193246
|[[Stakeholder Engagement and Sustainability in Maritime Spatial Planning]]
|-
|-
|44
|Abdullah Shams
|Turkmani
|s153337
|[[ICT Agreement]]
|-
|-
|Group 17
|Jacopo
|Renzi
|s210445
|[[Double Diamond in Project Management]]
|-
|-
|Group 35
|Helga Sigríður
|Magnúsdóttir
|s202027
|[[Network Planning]]
|-
|-
|12
|Cæcilie
|Kortbæk
|163873
|[[Double diamond]]
|-
|-
|Group 18
|Frithjof Johannes
|Thiem
|s202972
|[[DevOps]]
|-
|-
|12
|Emilie
|Winther Schmidt
|163884
|[[Iron Triangle]]
|-
|-
|12
|Anna
|Fredgaard
|s163887
|[[Active Listening Technique]]
|-
|-
|35
|Ruben
|Raes
|s202029
|[[Iron Triangle of Project Management]]
|-
|-
|21
|Claudia
|Balcells
|s202939
|[[APPPM Issue Tree]]
|-
|-
|35
|Brynja
|Gudmundsdottir
|s202030
|[[FAST goals]]
|-
|-
|16
|Andrea
|Pin Morales
|s205567
|[[The Business Case]]
|-
|-
|16
|Lena Maria
|Thyen
|s202969
|[[The 7 Habits of Highly Effective People]]
|-
|-
|35
|Úlfar
|Viktorsson
|s202022
|[[The 4 Disciplines of Execution]]
|-
|-
|16
|Moritz
|Rindermann
|s202976
|[[Tuckmans model for Team Development]]
|-
|-
|Group 29
|Heiðdís Ósk
|Pétursdóttir
|s202025
|[[Efficiency and Effectiveness]]
|-
|-
|31
|Xabier
|Martínez de Zabarte
|s210323
|[[Scrumban]]
|-
|-
|17
|Aldís Braga
|Eiríksdóttir
|s202045
|[[Blake-Mouton Managerial Grid]]
|-
|-
|32
|Jan Otis
| Ernst
|s210433
|[[RACI Matrix]]
|-
|-
|3
|Julie
| Finne-Ipsen
|s153987
|[[Kahneman - Two Thinking Systems]]
|-
|-
|24
|Maria Eileen
| Hubbuck
|s210444
|[[Risk Management-Identification]]
|-
|-
|11
|Alina
| Barun
|s202514
|[[Maslow's Hierarchy of Needs]]
|-
|-
|24
|Felix Vinzenz
|Wütherich
|s202968
|[[Emotional Intelligence and Leadership]]
|-
|-
|28
|Ariadna
|Ramos
|s191852
|[[The Work Breakdown Structure (WBS)]]
|-
|-
|Group 27
|Jakob
|Grønvald
|s164346
|[[Maslow‘s Hierarchy of Needs, Motivation in the workplace]]
|-
|-
|Group 16
|Martina
|Rampazzo
|s202895
|[[Earned value management (EVM)]]
|-
|-
|Group 2
|John
|Fritz
|s202967
|[[Learning plan]]
|-
|-
|Group 24
|Henning
|Duwe
|s210450
|[[SWOT Analysis]]
|-
|-
|Group 14
|Søren Emil
|Kjær
|s201528
|[[GANTT]]
|-
|-
|Group 23
|Mathilde Kremmer
|Broberg
|s175074
|[[Corrective and Preventive Actions (CAPA)]]
|-
|-
|Group 14
|Rune Lykke
|Høg
|s165012
|[[The use of the A3 management process]]
|-
|-
|Group 35
|Tinna Hrönn
|Unudóttir
|s202032
|[[Constructive communication]]
|-
|-
|Group 17
|Eva Rún
|Arnarsdóttir
|s203214
|[[Biases in Project Management]]
|-
|-
|Group 24
|Astrid
|Skovhus
|s164499
|[[Getting Things Done (GTD)]]
|-
|-
|Group 7
|Phillip
|Dyrberg
|s164503
|[[Double diamond: A design process model]]
|-
|-
|Group 14
|Amanda Emilie
|Søborg Berthelsen
|s154707
|[[The Johari Window]]
|-
|-
|Group 23
|Nicolai Mossing
|Madsen
|s164515
|[[SMART Goals (Specific, Measurable, Attainable, Relevant, Time-bound)]]
|-
|-
|Group 27
|Marie-Louise Wolfsberg
|Schmidt
|s164417
|[[The Affect Heuristic]]
|-
|-
|Group 4
|Erika Marie
|Strøm
|s203224
|[[Parkinson's Law in Project Schedule Management]]
|-
|-
|Group 16
|Beatrice
|Ranzato
|s202887
|[[X-Matrix Hoshin Kanri]]
|-
|-
|Group 9
|Helene Waldmann
|Jørgensen
|s173891
|[[Lag & Lead]]
|-
|-
|Group 4
|Zahra
|Al-Mosawi
|s193938
|[[Belbin Team Roles in Project Management]]
|-
|-
|Group 14
|William Axel Linderoth
|Michaelen
|s153275
|[[Design-Build]]
|-
|-
|Group 31
|Jesús
|Gracia Yoldi
|s210111
|[[Kanban in APPPM]]
|-
|-
|Group 35
|Katrín Erla
|Bergsveinsdóttir
|s202026
|[[Contingency plans]]
|-
|-
|Group 1
|Cecilie Marie Raagaard
|Christensen
|s160832
|[[Work breakdown structure (WBS)]]
|-
|-
|Group 19
|Ali Jamal
|Jomeh
|s173741
|[[SMART goals: A project management tool]]
|-
|-
|Group 15
|Tobias
|Hyldmo
|s206658
|[[High performing teams]]
|-
|-
|Group 5
|Samah
|Said
|s203228
|[[Reference class forecasting]]
|-
|-
|Group 3
|Emilie
|Torp
|s153320
|[[Goal Hierarchy]]
|-
|-
|Group 3
|Victor Nørregaard
|Schwærter
|s164745
|[[Milestone Planning]]
|-
|-
|Group 9
|Jacob
|Ammitsøe
|s173849
|[[Authenticity]]
|-
|-
|Group 18
|Anna
|Bjørn Reland
|s154556
|[[Choosing the appropriate medium (oral – written – hybrids)]]
|-
|-
|Group 10
|Wail
|Atrari
|s170706
|[[The Double Diamond Tool: Prevent budget overruns and delays in your projects]]
|-
|Group 10
|Helená Evin
|Cinar
|s164741
|[[SWOT Analysis Management]]
|-
|-
|Group 10
|Mohammad
|Abou Hassan
|s160101
|[[Implementing SWOT]]
|-
|-
|Group 10
|Ahmet
|Akgül
|s152597
|[[Smart goals (Specific, Measurable, Achievable, Realistic, and Timely)]]
|-
|-
|Group 2
|Amalie
|N. Müller
|s173675
|[[Big five personality traits (OCEAN model)]]
|-
|-
|Group 29
|Pétursdóttir
|Stefanía Ósk
|s202044
|[[Situational leadership - Hersey and Blanchard]]
|-
|-
|Group 10
|Abdulahi
|Hayle Hassan
|s164691
|[[Stakeholder management]]
|-
|-
|Group 27
|Louise
|Landschoff
|s165111
|[[SCRUM - A Project Management Framework]]
|-
|-
|Group 10
|Sara
|Alabiidi
|s164650
|[[The Blake-Mouton Managerial Grid]]
|-
|-
|Group 4
|Felix
|Dressel
|s202965
|[[The SPALTEN Problem-Solving Methodology as a Decision Making Tool in Project Management]]
|-
|-
|Group 11
|Sandra
|Nielsen
|s153370
|[[Conflict ladder]]
|-
|-
|Group 11
|Lise Munch
|Nordheim
|s200400
|[[McGregor's X & Y theory]]
|-
|-
|Group 2
|Simon
|Knutsson
|s202041
|[[Earned Value Management (EVM)]]
|-
|-
|Group 12
|Christoffer
|Askgaard
|s165098
|[[Design the team you need to succeed using Belbin's team roles]]
|-
|-
|Group 24
|Gaute Bø
|Aaløkken
|s202065
|[[Diversity in teams]]
|-
|-
|Group 2
|Lukas
|Tanzer
|s200120
|[[Continuous Improvement]]
|-
|-
|Group 7
|Sofie
|Lundsteen
|s170285
|[[Team roles at work]]
|-
|-
|Group 14
|FIRST NAME
|LAST NAME
|STUDY ID
|[[Applying the Hawthorne studies to project management]]
|-
|-
|Group 3
|Amalie Nordstrøm
|Nielsen
|s153272
|[[The seven characteristic principles]]
|-
|-
|Group 14
|Louise Damborg
|Frederiksen
|s185238
|[[Using Facilitation to Mitigate Bias in a Team Setting]]
|-
|-
|Group 1
|Georg Holger
|Waage
|s163819
|[[Fishbone Diagram]]
|-
|-
|Group 28
|Özgenur
|Baştuğ
|s203033
|[[Variation Orders in Construction Projects]]
|-
|-
|Group 9
|Mads
|Møhlenberg
|s173879
|[[A hybrid consisting of Agile and Stage Gate]]
|-
|-
|Group 29
|Svanhvít Birta
|Guðmundsdóttir
|s203174
|[[Project Milestones]]
|-
|-
|Group 23
|Bente
|Meidahl Münsberg
|s175068
|[[Gantt Charts]]
|-
|-
|Group 27
|Frederik
|Carlsson
|s164345
|[[FAST Goals]]
|-
|-
|Group 11
|Tobias
|Rydahl
|s200471
|[[Using DISC assessment for project team management]]
|-
|-
|Group 7
|Mads
|Støjfer-Hønberg
|s174303
|[[SCRUM - An Agile Project Management Framework]]
|-
|-
|Group 21
|Matthieu
|Buy
|s202925
|[[The Five-Factor Model (OCEAN)]]
|-
|-
|Group 18
|Astrid Helene
|Erecius
|s171013
|[[Choosing communication media for negotiation]]
|-
|-
|Group 44
|Zainab
|Jalal
|s165491
|[[Work Breakdown Structure in project management]]
|-
|-
|Group 2
|Anna Felicia Mai
|Lindström
|s202046
|[[Project Status Reporting]]
|-
|-
|Group 28
|Alberto
|Melloni
|s202894
|[[Pre-mortem analysis]]
|-
|-
|Group 29
|Thore Uwe
|Aye
|s202746
|[[Quality Gates in Project Management]]
|-
|-
|Group 9
|Lydia
|Tsintzou
|s193745
|[[SWOT Analysis Guide]]
|-
|-
|Group 28
|Kendra Ana
|Rodríguez López
|s200182
|[[Choosing by Advantages Decision-Making System]]
|-
|-
|Group 23
|Rasmus
|Engberg
|s164513
|[[RDM]]
|-
|-
|Group 4
|Christine
|Fryland
|s153875
|[[Theory X-Y]]
|-
|-
|Group 28
|Manas P.
|Dalvi
|s210143
|[[Effective Tools for Multiple Project Management]]
-
|-
|Group 12
|Joakim
|Vollertzen
|s163947
|[[Extreme Project Management (XPM)]]
|-
|-
|Group 19
|Shubham
|Ingole
|s200092
|[[Stakeholder Management Strategies]]
|-
|-
|Group 31
|Alvaro
|Bello
|s210447
|[[Forecasting and estimation techniques]]
|-
|-
|Group 09
|Dorothea
|Georgiadou
|s200230
|[[Risk Register analysis]]
|-
|-
|Group 09
|Maria Konstantina
|Papaioannou
|s195550
|[[Fishbone diagram analysis]]
|-
|-
|Group 21
|Kelvin
|Scott-Fordsmand
|s174312
|[[RiskRegister]]
|-
|-
|Group 18
|Christoffer Friis
|Hansen
|s164569
|[[Identifying risk]]
|-
|-
|Group 1
|Giulia
|Zanelli
|s205701
|[[Earned Value Management - EVM]]
|-
|-
|Group 29
|Tinna
|Dofradottir
|s203177
|[[Adaptive Project Framework]]
|-
|-
|Group 23
|Jonatan Larsen
|Edry
|s165499
|[[The iron triangle as an analytical tool]]
|-
|-
|Group 4
|Mikkel Walther
|Hellesen
|s203227
|[[System Readiness Level Index]]
|-
|-
|Group 5
|Yamila Denise
|Aviles
|s203409
|[[Agile Release Train]]
|-
|-
|Group 5
|Kallina
|Karamitsiou
|s202249
|[[Kahneman's dual-system thinking]]
|-
|-
|Group 19
|Prasad
|Jagtap
|s200109
|[[Communication Management using Service Blueprint]]
|-
|-
|Group 3
|Johan Holger
|Rasmussen
|s210512
|[[Daniel Kahneman's two systems of thinking]]
|-
|-
|Group 18
|Sigrún Björk
|Sævarsdóttir
|s200165
|[[The Scrum framework]]
|-
|-
|Group 1
|Francesca
|Pieraccini
|s206673
|[[Double Diamond model]]
|-
|-
|Group 15
|Dionysios
|Dasopoulos
|s202916
|[[Tuckman's Model for Sustainable Team Development]]
|-
|-
|Group 15
|Joern
|Appelt
|s202854
|[[Intrinsic Motivation]]
|-
|-
|Group 23
|Oliver
|Karlsson
|s165080
|[[Double Diamond Model]]
|-
|-
|Group 5
|Victor
|Soler Fuertes
|s206040
|[[OKR - Objectives and Key Results]]
|-
|-
|Group 31
|João
|Ferreira
|s202867
|[[Psychological safety as a key factor to quality and productivity of Organizations]]
|-
|-
|Group 31
|Timo
|Scheitinger
|s202966
|[[The big five (OCEAN)]]
|-
|-
|Group 15
|Maria-Lito
|Glykioti
|s151256
|[[The role of Emotional Intelligence in Project Management]]
|-
|-
|Group 15
|Hafeez
|Ahmadi
|s164137
|[[ISM Principles of Change]]
|-
|-
|Group 21
|Magnus Riis
|Gregersen
|s214321
|[[Gantt Chart Scheduling]]
|-
|-
|Group 18
|Marie Elly Ulricke
|Kristensen
|s144408
|[[Motivation through Theory X&Y from a Project Management perspective]]
|-
|-
|Group 18
|Christopher
|Burgdorf
|s154689
|[[Simple Multi-Attribute Rating Technique (SMART)]]
|-
|-
|Group 5
|Ishak
|Zaaimia
|s164631
|[[Parkinson's Law]]
|-
|-
|Group 11
|Sara Ballegaard
|Laursen
|s193723
|[[Organizational Socialization]]
|-
|-
|Group 19
|Ali Waleed
|Abbas
|s172841
|[[Fishbone diagram for root cause analysis]]
|-
|-
|Group 17
|Cecilia
|Thuy Duyen Nguyen-Cong
|s184300
|[[The 7 Habits of Highly Effective People by Stephen R. Covey]]
|-
|-
|Group 44
|Farah
|Sabri
|s164740
|[[Lack of communication in project management]]
|-
|-
|Group 1
|Shakila
|Khan Malik
|s173780
|[[Risk]]
|-
|-
|Group 27
|Asbjørn Martin
|Kruuse
|s153470
|[[Chairing a meeting]]
|-
|-
|Group 23
|Tummas Dímun
|Mohr
|s160129
|[[Project Dashboards]]
|-
|-
|Group 27
|Vanessa
|Clausen
|s183302
|[[Overcoming small-big projects (Gantt)]]
|-
|-
|Group 09
|Emil
|Ballermann
|s174393
|[[Parkinson's law and how to manage it]]
|-
|-
|Group 4
|Gian Marco
|Grieco
|s202893
|[[Parkinson's Law: achieving more in less time]]
|-
|-
|Group 44
|Shahad
|Abdelaziz
|s122945
|[[Outsourcing]]
|-
|-
|Group 3
|Tais
|Christiansen
|s165131
|[[Relationship of projects, programs and portfolios]]
|-
|-
|Group 4
|Sana
|Ilyas
|s192815
|[[SCRUM framework]]
|-
|-
|Group 5
|Mia Chrstine
|Wheitman
|s206053
|[[The use of Gantt Charts]]
|-
|-
|Group 35
|Sigurjón Bjarni
|Bjarnason
|s202049
|[[The Work breakdown structure(WBS)]]
|-
|-
|Group 19
|Morten Dam
|Laursen
|s200364
|[[Multiple Project Management: Summary, Theory and Improvement]]
|-
|-
|Group 29
|Céline Engelbrecht
|Galea-Larsen
|s147312
|[[Group Development - The Tuckman Model]]
|-
|-
|Group 28
|Hazal
|Alawi
|s180408
|[[The Double Diamond Framework]]
|-
|-
|Group 17
|Xenia
|Jørgensen
|s123633
|[[Teams - Creation and optimisation]]
|-
|-
|Group 11
|Jonas
|Bøje Simonsen
|s154089
|[[Logic tree and the Answer First Methodology]]
|-
|-
|Group 28
|Kavikrishnan
|Balakrishnan
|s164338
|[[Learning plans for high uncertainty projects]]
|-
|-
|Group 2
|Riccardo
|Pollacchini
|s192412
|[[Complex Project Management (CPM)]]
|-
|-
|Group 44
|Rokiya
|Ahmed Ramzy
|s170501
|[[Lean in construction industry]]
|-
|-
|Group 50
|Avishkar Anil
|Vadnere
|s206513
|[[Strategic Planning using SWOT analysis]]
|-

SWOT analysis in strategic management

2021-02-23T19:32:58Z

Avishkar: Abstract

SWOT analysis in strategic management

2021-02-21T20:08:25Z

Avishkar:

'''Abstract: -'''
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan, or project. This study shows the position of the SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes a SWOT analysis of an international electronic or computer hardware & printer brand. The content of the study is as follow
• Introduction: -
This section introduces the strategic planning that how it works and how it is applied in the organization with the SWOT analysis.
• SWOT analysis: -
Here study examines the what is SWOT analysis and its components and its history.
• SWOT analysis of industry: -
Under this heading, there will be a SWOT analysis of HP inc. which is one of the biggest brands in electronic computer hardware devices.
• Advantages & disadvantages of SWOT analysis: -
This point talks about the advantages and disadvantages of the SWOT analysis.

'''Keywords: -'''
SWOT analysis, strategic planning

Introduction: -
Strategic management is the set of settlements & measures which determines long term performance of the corporation. It consists of internal as well as external factors, evaluation & control & strategic applications. It helps the company to become more active than reactive. Strategic planning is necessary for the management of the company to uplift the company using strategic management tools.
In strategic management there are step by step analyses of the company by taking into consideration both internal & external factors by which a company gets affected. Every company has its different & unique approach in applying the strategic management. It starts from the vision and mission of company by which they implement step by step strategic management process. Strategic management includes the following factors or step by step process.
a. Vision
b. Mission
c. Objectives
d. Internal / External factors.
e. Strategic choice
f. Strategic implementation.
g. Competitive advantage.
SWOT analysis is one of the tools of strategic management which is used to measure the internal or external factor. By conducting SWOT analysis, it gives the result of companies, personal or projects weakness, strengths, threats & opportunities. It also helps in examining the competitors company condition. It helps to know in which area the company needs improvement or which area it is good in and what is the impact of the resources and environmental condition on the company.

SWOT analysis: -
SWOT analysis is the tool of strategic management which is used to do strategic planning in the company. It helps to analyze the factors inside the company as well as outside the company. In SWOT analysis management can examine the strength, weaknesses, threats & opportunities by which we can analyze the state of the company from inside and outside. With this management can take decision on factors which can be converted into opportunities and the weaknesses to strength. This whole process of analyzing the company on basis of environmental factors is called SWOT analysis.
“SWOT Analysis is a simple but powerful tool for sizing up a company’s resource capabilities and deficiencies, its market opportunities, and the external threats to its future”. SWOT Analysis may be a strategic planning framework utilized in evaluation of a corporation, a plan, project or a business activity. SWOT Analysis is therefore a big tool for situation analysis that helps the managers to identify organizational and environmental factors. SWOT analysis consists of two dimension which are internal (includes organizational factor) & external factor (includes environmental factors).
In SWOT analysis there are four components which are strengths, weaknesses, opportunities & threats. From this factors strengths & weaknesses are considered to be internal factors & opportunities & threats are considered to be external factors. SWOT analysis is usually drawn in four quadrants. It includes the points of considering the all aspects under the respective headings.
Strengths and opportunities are useful for the pursuit of corporate goals. They are optimistic, companies, with. The accomplishment of corporate goals is harmed by vulnerabilities and challenges. They are the for companies, unfavorable. An overview of strategies is also the basis of any good selection of strategies. In other words, the task of the manager is to try to 'suit' the appraisal of externalities and internalities, to reconcile the strengths and limitations of the company in the light of environmental opportunities and challenges. The capabilities and limitations of the company in terms of prospects and risks to the environment.
• Strengths: -
The attribute that brings meaning to something and makes it more special than others is power. Power means that as opposed to something else, something is more favorable. In this way, power applies to a competitive, positive and revolutionary factor.
Organizational strength comprises elements and capabilities from which an organization achieves an edge over other companies and competing organizations that are discovered as a result of its internal climate study. In other words, the features and circumstances in which a company is more effective and efficient than its competitors are characterized by organizational power.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before going into action when a challenge or opportunity is found, a company must consider the ability it has and the elements that make it more advantageous than its competitors.
Organizational attributes are organizational competencies that play an active role in the accomplishment of organizational objectives. Before moving into action when a challenge or opportunity is found, a company must consider the capacity it has and the aspects that make it more beneficial than its
The adversaries. For a company, being strong and possessing strengths are very important. Otherwise, it is not possible to exploit the resources provided by the outside world. In addition, by using its strengths, the company needs to adapt to the challenges of the outside world.
• Weaknesses: -
Weakness refers to not having the sufficient form and competency for anything. When compared to something else, vulnerability means that something is more disadvantageous. Weakness is a trait which is negative and undesirable in this respect. Organizational deficiency applies to the cases under which an organization's present life and capability capabilities are poorer relative to other companies and rival organizations. In other words, organizational failure means the ways or practices in which, relative to its competitors, a company is less productive and successful. These factors adversely impact the efficiency of the company and degrade the organization among its competitors. Consequently, the corporation is reluctant to respond to a possible concern or opportunity and does not react to adjustments.
It is just as necessary for the company to know its vulnerabilities as its strengths. The explanation is that no solution can be based upon vulnerabilities. It is important to know and strengthen the organizational vulnerabilities that have the potential to drive the company to inefficiency and ineffectiveness. It is compulsory to address the current issues that will create challenges and restrictions for long-term goals and policies, and to predict future problems.

• Opportunities: -
Opportunity implies an activity-suitable scenario or circumstance. Opportunity is an asset and the driving force to take part in an operation. It has a favorable and beneficial attribute for this cause. An incentive for organizational management is the convenient time or circumstance provided to the organization by the world to accomplish its objectives. Opportunities are ones that will give the company meaningful outcomes decided as a result of its environmental review. Competition and intense work present major opportunities for companies.

• Threats: -
A hazard is a circumstance or state that jeopardizes an activity's actualization. This applies to a disadvantageous event. It has a negative attribute that can be avoided for this purpose. A threat is the aspect that makes it difficult or impossible to meet the operational targets for organizational management. Threats are conditions that occur as a result of changes in the distant or imminent world that preclude the organization from sustaining its presence or weakening its economic dominance and are not advantageous to the organization.
Threats are all external variables which can hinder organizational productivity and performance. Both benefits and challenges are included in the current world order created as a result of globalization. This method, which enhances both rewards and risks, directs corporate management to be vigilant and to respond more strategically on changes in and beyond their ecosystems. Economic, social, cultural, demographic, environmental, political, legal, regulatory, technical and competitive developments and activities that could greatly help or harm an entity in the future are external benefits and external challenges. Chances and risks are largely outside the reach of a single organization's power, thus the term external. Internal strengths and internal limitations are the controllable processes of a company that are carried out particularly effectively or poorly. They are emerging in the company’s administration, marketing, finance/accounting, production/operations, research and development, and information technology management practices. An important strategic management practice is to recognize and analyze organizational strengths and deficiencies in the functional areas of a company.

SWOT analysis of HP inc.: -

Strengths
• Leadership position: -
HP is among the strongest brands of PCs that have consistently maintained their market share position. Over the last three years, the turnover has grown slowly, hitting $58.5 billion in 2018.
• Product innovation: -
The company invests a significant sum each year in research and innovation. In 2018, it invested around $1.4 Billion in R&D.
• Strong portfolio & computing products: -
A wide range of notebooks, desktops, and associated peripherals are supported by HP. At different price points, the firm has taken goods to the market.

Weaknesses
• Declining PC market: -
Over recent years, the PC industry has continued falling. Increased purchases of smartphones and handheld computers have contributed to a decline in PC and laptop sales. The PC industry is seeing stagnant growth after having deteriorated for many years. This adversely impacts the profits and income of leading PC brands like HP.
• Growing operational costs: -
HP's operating costs have also tended to rise exponentially over time. In 2018, HP's gross costs & expenditures rose from $48.5 billion in 2017 to $54.4 billion.

Opportunities
• Diversification: -
Diversification will assist HP to find quicker growth and improve its revenue and sales. The group will expand its revenues and income as well as its client base internationally by developing new industries and markets.
• Marketing & customer engagement: -
In terms of marketing and customer engagement, the rise of emerging innovations such as digital media and AI has brought fresh prospects for big and multinational brands like HP. These resources will be used by HP to communicate with its customers and to improve its customer relations.

Threats
• Competition: -
In the industry, there are many big HP competitors, including Lenovo, Dell, and Apple, which are all heavily focused on innovation. Overall, the battle for market share is strong due to the high degree of competition, leading to higher costs for research and development as well as marketing.
• Regulatory pressures: -
The PC industry is also under higher government oversight and regulatory scrutiny, as the whole technology industry. The degree of regulation also makes it impossible for firms to find quicker growth or to diversify. Regulatory stresses contribute to HP's running costs and may have a detrimental effect on the efficiency of the bottom-line.
• Rising labour & raw material cost: -
Labor and raw material prices have begun to escalate dramatically, resulting in higher operating costs. This puts strain on the sales of brands like HP and their profit margins.

Advantages of SWOT: -
Many features which affect the choice and usability of SWOT Analysis can be listed. These functions, which can also be tested, it is possible to list the benefits as follows:
1. SWOT Analysis is a form of analysis that has a general outlook and offers general solutions. The emphasis of SWOT Analysis is not the specifics and basic problems, but the other studies that will follow. SWOT Analysis is a path map in this way that directs us from the general to the particular.
2. As a method and research methodology, SWOT Analysis forms a thinking paradigm for organizational management. In the steps of evidence collection and analysis, this model gives us the ability to narrow the agenda and shows the points on which the decisions are based. In other words, for strategic decisions, SWOT Analysis prepares the substructure.
3. Other ideas and strategic decision methods suit SWOT Analysis. SWOT, for instance, contains a variety of various research types, such as Porter's Five Forces Model, Delphi Panel, Norton Balanced Score Card, etc.
4. SWOT Research facilitates community exploration of political and strategic issues development. It facilitates the expertise of the pool by using innovative participatory approaches such as brain storming, community discussions.
5. SWOT Analysis allows executive management to initiate a conversation about the organization's future and priorities by going past everyday challenges and the present situation.
6. SWOT Analysis can be implemented at multiple levels of analysis: human, corporate, national and international level. It may be used by institutions of education, non-profit organizations, countries, states, multicultural initiatives, etc.
Disadvantages of SWOT analysis: -
One of the most commonly used strategic management method methods is SWOT Analysis. In spite of its broad use as an analytical instrument, the critique is aimed at SWOT Analysis.
1. It is subject to bias to list strengths on paper and is somewhat different from testing the organization and witnessing the strengths at work.
2. As an approach, SWOT Review has a broader outlook and current general solutions. During times when the environmental conditions were still present, SWOT Analysis was established. It is not, for this reason, a legitimate strategy focused on transition and competitiveness in today's environment. Structural and complex system-level, sub-system, and super-system adjustments influence the validity of SWOT Matrix entries
3. Different findings suggest that SWOT Analysis is incorrectly conceived. Experience and preparation are required for structured construction and use.
4. In terms of quality and quantity, SWOT Analysis is an analysis method that has a crisis. Many variables may be found by applying SWOT Analysis. Quantity does not, however, mean consistency. The priorities of the variables found in SWOT Analysis cannot be identified, concentrated on them in depth, trends and disputes in various dimensions can be solved, and views and recommendations based on different evidence and analyses can be used.
5. It is demanding to categorize variables into one of the four SWOT quadrants. It is possible to fit the same factor into two classifications. A element may be a force and a limitation at the same time. Moreover, strengths that are not preserved will become disadvantages.

SWOT analysis in strategic management

2021-02-16T06:55:18Z

Avishkar:

SWOT analysis in strategic management

2021-02-16T06:54:52Z

Avishkar:

SWOT analysis in strategic management

2021-02-16T06:54:28Z

Avishkar: Created page with "Abstract: - The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strength..."

Abstract: -
The article is all about strategic planning within the organization by using SWOT analysis. SWOT analysis is the method or process which helps to identify strengths, weaknesses, opportunities & threats helps in evaluating and in growing the organization, person, plan, or project. This study shows the position of the SWOT analysis process in strategic planning and examined the components of the SWOT analysis with its advantages & disadvantages. This study also includes a SWOT analysis of an international electronic or computer hardware & printer brand. The content of the study is as follow
• Introduction: -
This section introduces the strategic planning that how it works and how it is applied in the organization with the SWOT analysis.
• SWOT analysis: -
Here study examines the what is SWOT analysis and its components and its history.
• SWOT analysis of industry: -
Under this heading, there will be a SWOT analysis of HP inc. which is one of the biggest brands in electronic computer hardware devices.
• Advantages & disadvantages of SWOT analysis: -
This point talks about the advantages and disadvantages of the SWOT analysis.
Keywords: -
SWOT analysis, strategic planning, TOWS analysis