SWOT Environmental Scanning - Essay Example

BUSINESS SWOT ENVIRONMENTAL SCANNING BUSINESS SWOT ENVIRONMENTAL SCANNING SWOT analysis is a planning method that is structured and used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. These factors can be either internal or external which include;Funding available; The Company always strive to make sure that it has enough funds both to run the activities in the firm and to pay the employees as salaries. The fund issue that brings about the striking of the employees in turn lowers the output of the company.

Strong and good leadership; The leadership in the company is one that understand all employees from the highest rank to the lowest and treats them in the required manner. This is the most crucial factor within the company that affects the running of employees. Employees work best and freely under good management. Labor shortage; or when the labor market is tight, it generally refers to limited availability of workers with the needed qualifications. Therefore, the selection method begins with the passive candidates who are actively seeking work.

The combination of the passive candidates recruiting and accepting application from active job seekers increases the pool of application from which the company can select.Industry competition; In a competitive period, the industry tend to offer the best pay, generous benefit and guaranteed opportunities for professional development to win the best potential employees. Other industry that cannot pay more or cannot match t tangible rewards and benefits than the competitor’s offers focuses on the company’s strengths.

In conclusion, both the external and internal factors that affect the human resources (employees) should be appropriately managed in order to raise the output of the company.ReferenceRoy, L, et al. (2010). Essentials of Negotiations. New York: McGraw-Hill.