Business and Management Dictionary

As defined by the dictionary, Goal is the purpose toward which end is directed. It is an end of ones journey through life or the finish line of the race. Like in a project or a product line venture, one must have the goal so that he butt end pick the best and strategic planning tool to be practise through it. Therere so many strategies one can use in achieving his objective, however, SWOT Analysis had gone a long elan in helping businesses (small or big) be to a greater extent fulfilled. Its easy to deal with as long as he can define the call STRENGTH, WEAKNESSES, OPPORTUNITY, THREATS, and can reach to a desired end state or objective.As defined in a Business and Management Dictionary Strengths are the belongings of the organization that are utile to achieving the objective. Ones personal power that is capable of attaining the purpose of his desired outcome while putting his hands on a risk. Weaknesses are the attribute of the organization that are harmful to achieving the o bjective. It makes ones control of the plan be disabled if it can penetrate the satisfying idea of the venture. This may go further if he cannot design better-technique from overcoming it.It is an attitude most human possesses as defect, but he can choose not to be too overwhelmed by its attack by controlling all his ideas and perform excellent processes to go with the strength of his venture. Opportunities are the external conditions that are helpful to achieving the objective. In this strategy, identifying subsequent steps makes the techniques be planned well. If one can see the opportunity passing by his way, to accommodate it is neither a offensive nor a waste of time. Its a good requirement in making the venture be more visible and thriving. It may just be an experience or a total shot for the business.He wouldnt regret by not taking it because he can actually grab and use it as an asset for his goal. Threats are the external conditions that are harmful to achieving the obje ctive. This can be an indication of an impending danger of growing project or business. However, he can manage and ensure that this condition would be solved, avoid from failing and wont affect any of his strong foundation if he can be too determined, willing to do all the necessary steps and risks he has at the start of his journey. Of course, better characteristics in e really way his business and life go doubles up the result, to a better and effective performance.Being in a business or any venture is a very risky yet challenging endeavor a man can experience through life. Like life, if we would not, should not, could not give our best shot to it, accordingly we may fail. By this, the hardships, sweats, tears, and blood we just invested in winning the race will just be all gone. It may be re-established, be successful as any other big companies in the world this time only if we can be stronger, more knowledgeable and willing to incorporate more on the strategic planning model of the SWOT Analysis. Besides, LIFE IS SWEETER THE SECOND TIME AROUND.