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What Is the Main Objective of a SWOT Analysis? Identify

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What is the main objective of a SWOT analysis? Identify and discuss the four elements of situational analysis in the context of evaluating a hospitality business. What types of questions would you ask for both internal and external analysis?


Definitions:

Talent Poaching

The practice of attracting and hiring highly skilled employees from competitor firms, often offering better compensation or benefits.

Top Performers

Definition: Employees who significantly exceed the standard expectations and performance levels in their roles.

Dysfunctional Turnover

Definition: The loss of high-performing employees who voluntarily leave the company, negatively affecting organizational performance.

Involuntary Turnover

The termination of employees from their jobs due to reasons not initiated by the employees themselves, such as layoffs or dismissals.

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