Jeff Whippo Talks About the Application of Strengths, Weaknesses, Opportunities, and Threats [SWOT] Analysis

1. Jeff Whippo Talks About the Application of Strengths, Weaknesses, Opportunities, and Threats [SWOT] Analysis Jeff Whippo, who is a professional educator and organizational leadership, says that the application of Strengths, Weaknesses, Opportunities, and Threats [SWOT] Analysis is a vital key to determining the likelihood of success of a company’s strategic plan. Furthermore, it is important to understand how each of the four aspects of a SWOT relates to the business. For Strengths, It Can Be Helpful To Know – What the company does well What resources does it offer to the public How is it using Information Technology for promoting its business for its benefits With Weaknesses, It Is Important To Focus On – What services could the company improve In what areas does the competition have the technological edge What technology should the business actually try to avoid In Terms Of Opportunities, the Company Should Think About – How technology is always changing Are there any interesting trends in technology that the company would like to use Is there a need in the market that no one else is currently filling With Threats – The company should consider what the competition is doing well What information security threats should the company be most concerned about

2. What new innovations are others bringing into the market Jeffery D Whippo says that by using the SWOT analysis, organizations will be able to determine, as part of the business strategy, what the business needs from the new IT system. The required tool may be a means of collecting information, categorizing the information, sorting it, filtering it, and providing it to different people involved in the project so that they can build the system. After completion of this stage of the project, the design phase can be implemented, says Jeff Whippo. In this stage, the requirements need to be elaborated to determine how the said requirements will be met. This can only be done by getting more details about how things will be specified, and this requires some description of the needs in a form which external parties can easily understand. This stage will also consist of the configuration phase of the system, or the actual construction of the system. It is important to translate information that has been gathered in the requirements stage, to the information required in the design, down to the configuration stage of the design system.