BUS 687 Journal 1.docx - 1 Journal Journal 1 David A Figari...

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1 Journal Journal 1 David A Figari BUS 687 Professor Anthony DeFrancesco 05/24/2020
2 Journal Journal 1 This week’s lessons, posts, readings, videos, and simulation assignment has brought a greater appreciation for the need to develop a strong SWOT analysis for executive management to help with the decision-making process for their company. What I found to be the most interesting is though similar, SWOT analysis are developed, organized, and utilized in different ways. This can be seen throughout our posts and the supplemental research my peers referenced throughout. I myself viewed it from a more holistic approach that every part of the analysis influences each other. Developing my SWOT analysis and Strategy for Hisco was a great experience because reading about versus actually implementing one for “your company” makes it a much more intimate and dedicated process. How influential outside tools are to help create a more robust SWOT analysis is also important, such as PEST or the Five Forces.

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