BUS 475 Week 2 DQs

This work of BUS 475 Week 2 Discussion Questions shows the solutions to the following problems:

DQ 1: Describe SWOTT analysis? What role does it play in strategic planning? To develop effective strategic plan is it necessary to do SWOTT analysis? Give reasons.

DQ 2: In the development of strategic plan what are main internal contemplations to an organization? Which contemplation holds the most important position and why?

DQ 3: In the development of strategic plan what are main external contemplations to an organization? Which contemplation holds the most important position and why?

DQ 4: Enlist major factors of planning for competitive success? Give an example where company achieved competitive success due to effective planning. Also give an example where company fails to achieve competitive success due to ineffective planning.