Management Literary analysis

SWOT analysis
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Abstract
SWOT analysis is a strategy used in the assessment of the internal and external environment of the group or a firm, thereby, enabling it to retain or improve its competitive position. Over the years, it has grown in popularity as managers are increasingly interested in understanding the best strategies to apply in order to retain the competitive advantage of the group of the business. Conducting this analysis is significant in establishing the areas that need to be improved while developing mechanisms of nurturing group talents. At the same time the manager is able to put the necessary measures to enable the organization take advantage of the emerging opportunities in the market. Furthermore, the manager will be in a position to strategize on how to cushion the group or the business from external threats. Therefore, the business or a group would be in a position to take advantage of the opportunities that are arising in the market.
Introduction
Conducting a SWOT analysis is significant in enabling a manager or organization to get a full-circle perspective regarding the position of the business or the group (Blokdyk, 2018). It is a framework that provides critical information that is necessary in setting the necessary goals and objectives for the group or organization. Furthermore, it gives the manager or a team with a chance to measure the progress through the assessment of internal and external factors that might hamper the success of the group (Böhm, 2009).

As a result, he would be in a position to make the necessary changes that will ensure that cohesiveness and teamwork kprevails at all times. As a result, it will be easier to address any emerging issues and shield the group from external threats that might affect the performance of the group. This analysis uses the planning function of management (Sarsby, 2016). The reason is that it enables the manager to develop a strong plan based on the strength, weaknesses, existing opportunities, and threats that face the team.
Analysis
One of the main strength of the team is that it is highly experienced and skilled. As a result, it is able to deal with any dynamics in the market. Nevertheless, one of the main weaknesses is that the group is short of young people who understand the recent trends in the market. It is based on their average age, there is an opportunity of nurturing young talents and take advantage of the emerging opportunities in the market. However, the cultural differences are threatening the cohesion of the group.
Conclusion
I believe that employees would benefit from complete a SWOT analysis by understanding areas that requires some adjustments to maximize the potential of the group. This would also make it possible for the group to address internal issues, an aspect that would play a critical role in achieving the set goals and objectives.
References
Blokdyk, G. (2018). Swot Analysis a Clear and Concise Reference. Emereo Pty Limite..
Böhm, A. (2009). The SWOT Analysis. München: GRIN Verlag.
Sarsby, A. (2016). Swot analysis: A guide to SWOT for students of business studies. Lulu.com.
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