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Strategic Plan Part 2

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Strategic Plan Part 2: SWOTT Analysis

Natcha Miles-Brown

BUS/475

June 27, 2016
Bruce Voris

Strategic Plan Part 2: SWOTT Analysis

The SWOTT analysis examination is an important systematic device used for evaluating elements both external and internal that have great influences over a company. The SWOTT analysis examination offers a company upgraded information needed to achieve and succeed strengths and weaknesses. The main elements of SWOTT analysis are divided under external and internal headings, This analysis paper will describe the depth evaluation of internal and external elements that may cause an effect on the business of Wello. Evaluating the main elements of Wello can influence the establishment of competitive advantages and satisfaction of stakeholders for the company.
External Environmental Analysis Many other elements have an influence over Wello’s ability in accomplishing goals and objectives. In order for success, the Wello Company has to discover the appropriate strategies to maintain business operations and applications. The appropriate strategies will keep Wello provisions as necessary. The external factors will incorporate legal regulating elements, economic elements, global, technological and innovation.
Legal and Regulatory Factors The legal factor must be comprehensive and exact by the business, because there are federal standards and rules that have to be followed. The federal standards and rules are usually stringent and inadaptable. The legal and regulatory factors have complete capabilities to help with a company’s strategic goal. The rules would specifically involve information technology to increase safety to an organization by ceasing unauthorized access. Liability insurance would probably be a wise decision for a company to invest. If a business is not properly insured, an owner could personally

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