According to Cambridge Dictionary (2016), strategic analysis is the examination of how successfully or not an organization operates and uses its resources, in order to achieve something over time. After obtaining information about the operations of the organization, with the use of certain techniques, we can identify and adjust matters that must be solved. One essential technique which firstly imposed from Alfred Humphrey in the 60’s to 70’s, as stated by Boyd(2005), concerns a discussion of an organization’s strengths, weaknesses, opportunities, and threats, which is called SWOT Analysis ( Strengths, Weaknesses, Opportunities, Threats). SWOT analysis, therefore, is a strategic planning tool used to analyze an enterprise's internal and external environment when it is called upon to make a decision in relation to the objectives it has set and in order to achieve them(Schermerhorn 2015). …show more content…
To put it more simply, being a leader you should be inspiring and always in the center of action (Stogdill, R. M.1974). Regarding leadership styles, which are recurring patterns of acts presented by a leader, it is easy to talk about the classic leadership styles which are autocratic, human-relations, laissez-faire and democratic style (Goleman D. 2000). The autocratic style is based on retaining authority and information and focuses on efficiency of operations with a command-and-control fashion. A leader with a laissez-fairre style,also known as ‘’hands-off’’ style, shows little interest for tasks, gives more authority to the staff and provides little or no direction leaving the decisions to the group. The democratic style, pays attention to both task and people, encouraging and allowing the staff to promote and participate in decision making (Schermerhorn J. 2015) (Appendix
The theory of leaders can be autocratic, a person who doesn’t consider the person undertaking the task only getting the results. A democratic leader takes opinions of the staff and understands how they believe the best results can be achieved, whereas Laissez-faire style leaves the experienced staff to implement the work processes.
The advantage of the Autocratic leadership style is that it improves efficiency and productivity in addition to be able to quickly respond to
3. The acronym SWOT stands for an organizations strengths, weaknesses, opportunities and threats. A SWOT analysis is strategic planning method that evaluates the internal and external performance of an organization to see if it’s favorable or unfavorable to achieve whatever objective you are set out to accomplish. Strengths and weaknesses usually arise from the internal aspect of an organization, whereas opportunities and threats evolve from external components. By performing a SWOT analysis it provides information to managers to help formulate a successful strategy to achieve goals.
Grojean, Resick & Diskson (2004) suggest that leaders are responsible for facilitating their follower’s to become capable and guide them to improving their capabilities and strengths. Differentiating between different leadership styles can be done in a number of ways. It was determined that the traditional styles of leaders include authoritian (autocratic), democratic, permissive (laissez-faire) and bureaucratic (Viinamäki, 2009).
“A SWOT Analysis is the most used tool for audit and analysis of the overall strategic position of the business and its environment. Its principal purpose is to identify the strategies that will create a firm-specific business model. The plan aligns the organization’s resources and capabilities to the requirements of the environment in which the firm operates. The analysis is to evaluate any potential and limitations and the probable/likely opportunities and threats from the external environment. The results provide the positive and negative factors inside and outside the firm that affect the success.” A SWOT analysis is conducted to determine the strengths, weaknesses, opportunities, and potential threats to the organization. ("SWOT
And according to (Creative Educational Video Inc & Insight Media (Firm), 2009,) “ SWOT analysis is a strategic planning technique used to help a person or organization identify the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning”. In the strategic plan the Scottsdale, Arizona Police Department states that “ground up process of reflection, evaluation, and new directions that best reflect the agencies mission and vision”. The SWOT The process involved a review of key inputs, Strengths, Weaknesses, Opportunities, and Threats (SWOT) analysis, a review of the existing mission and vision statement, brainstorming to identify additional strategies, modification of existing strategies, and prioritization of strategic issues.
“SWOT is an acronym for Strengths, Weaknesses, Opportunities and Threats. By definition, Strengths (S) and Weaknesses (W) are considered to be internal factors over which you have some measure of control. Also, by definition, Opportunities (O) and Threats (T) are considered to be external factors over which you have essentially no control. SWOT Analysis is the most renowned tool for audit and analysis of the overall strategic position of the business and its environment. Its key purpose to
An effective leader has many factors that enable them to be successful. Some of the key characteristics of an effective leader are passion, charisma, dependability, problem solver, communication skills, and multi-tasking abilities. Marquis and Huston (2015) describe four types of leadership styles; autocratic, democratic, laissez-faire, and bureaucratic. The autocratic leadership style deals more with acquiring control and accomplishing tasks rather than relationships (Marquis & Huston, 2015). This type of leader generally makes independent decisions and uses force to implement power. Democratic leadership differs by having human relations and teamwork as the main focus (Marquis & Huston (2015). This leadership welcomes open and two-way communication. Laissez-faire leadership has minimal established policies abstains leading (Marquis & Huston, 2015). The bureaucratic style leans on established rules and policies and lacks security (Marquis & Huston, 2015). Most of the time, the rules are inflexible and the relationship with staff is impersonal. An effective leader can recognize the needs of the organization and foster that leadership style. W.C. recognizes fairness, consistent decisions, listening ability, and knowledge of the field as key qualities in a leader. She believes she has a combination of democratic and bureaucratic leadership styles. Her bureaucratic style promotes corporate policies and mandated regulatory compliance. Part of the qualities of a
A SWOT analysis is the strategic business plan that shows the important aspect of a company, which details the company’s strengths, weakness, opportunities, and threats (Simoneaux, 2011). Many SWOT analysis are done at companies to make sure that they are aware of what health of their organization. The SWOT will have the company to identify where they can use help, and where they are doing well.
Brigadier General Diana Holland once said, “lead the way you want to be lead, follow the way you want to be followed, and be a team player.” This quote really resonates with me because being a leader means also knowing how to be a follower and be a part of something bigger than yourself. I believe that being a leader doesn't always mean being at the front of the line. Being a leader means supporting, encouraging and empowering others to become their own potential.
Percy and Giles (1989), stresses that the SWOT analysis is the most applied tool for strategic planning. The SWOT analysis is an approach that is structured and straightforward in evaluating and identifying strategic positioning, strengths, and weakness and making comparisons to opportunities and threats (p. 5). Percy and
The most common tool used to access the above is a SWOT analysis. SWOT is an acronym used to describe the particular Strengths, Weaknesses, Opportunities, and Threats that are strategic factors for a specific company. A SWOT analysis should not only result in
Autocratic leadership is a classical leadership style with the following characteristics: manager seeks to make as many decisions as possible, manager seeks to have the most authority and control in decision making, manager seeks to retain responsibility rather than utilise complete delegation , consultation with other colleagues in minimal and decision making becomes a solitary process managers are less concerned with investing their own leadership development, and prefer to simply work on the task at hand. Whereas Democratic Leadership is the leadership style that promotes the sharing of responsibility, the exercise of delegation and continual consultation. The style has the following characteristics: manager seeks consultation on all
Murphy (2005) maintains that leaders are accountable for helping their follower’s to become efficient and support them to develop their strengths and abilities. Distinguishing and categorising between different leadership styles can be done in several ways, (Gopee and Galloway, 2009). In this essay traditional classification of authoritian (autocratic), democratic, permissive (laissez-faire) and bureaucratic styles of leaders will be discussed.
SWOT Analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favourable and unfavourable to achieving that objective. The technique is credited to Albert Humphrey, who led a research project at Stanford University in the 1960s and 1970s using data from Fortune 500 companies.[1]