During the Strategic Management Process, Managers May Use a SWOT

question 90

Essay

During the strategic management process, managers may use a SWOT analysis. Explain how to use a SWOT analysis and provide an example using a well-known company.

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Definitions:

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conserving energy and bringing the body to a restful state.

Central Nervous System

The part of the nervous system consisting primarily of the brain and spinal cord, responsible for processing and sending out nerve signals.

Peripheral Nervous System

The part of the nervous system that lies outside the central nervous system, consisting of nerves and ganglia, responsible for relaying information between the body and brain.

Sympathetic Division

Part of the autonomic nervous system that prepares the body for quick action in emergencies; "fight or flight" response.