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In strategic planning and strategic management, SWOT analysis (also known as the SWOT matrix, TOWS, WOTS, WOTS-UP, and situational analysis) [1] is a decision-making technique that identifies the strengths, weaknesses, opportunities, and threats of an organization or project.
Strategic management processes and activities. Strategy is defined as "the determination of the basic long-term goals of an enterprise, and the adoption of courses of action and the allocation of resources necessary for carrying out these goals."
Strategic risk is the risk that failed business decisions may pose to a company. [1] Strategic risk is often a major factor in determining a company's worth, particularly observable if the company experiences a sharp decline in a short period of time. Due to this and its influence on compliance risk, it is a leading factor in modern risk ...
In 2003, OCTAVE [6] (Operationally Critical Threat, Asset, and Vulnerability Evaluation) method, an operations-centric threat modeling methodology, was introduced with a focus on organizational risk management. In 2004, Frank Swiderski and Window Snyder wrote "Threat Modeling," published by Microsoft press. In it they developed the concept of ...
A good risk management plan should contain a schedule for control implementation and responsible persons for those actions. There are four basic steps of risk management plan, which are threat assessment, vulnerability assessment, impact assessment and risk mitigation strategy development. [33]
For strategic planning to work, it needs to include some formality (i.e., including an analysis of the internal and external environment and the stipulation of strategies, goals and plans based on these analyses), comprehensiveness (i.e., producing many strategic options before selecting the course to follow) and careful stakeholder management ...
Situational Crisis Communication Theory (SCCT,), is a theory in the field of crisis communication.It suggests that crisis managers should match strategic crisis responses to the level of crisis responsibility and reputational threat posed by a crisis. [1]
the threat of buyers, threat of suppliers, threat of entry, threat of rivalry, threat of substitutes. The identification of possibly valuable resources or capabilities can be done by looking into a company's value chain, and whether a company's assets allows it to operate more effectively in parts of the value chain.
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