Strategic Plan, Part II SWOTT AnalysisBUS 475Strategic Plan, Part II: SWOTT AnalysisPerforming a SWOTT Analysis is an excellent device that can be utilized to evaluate the external and internal influences on the organization. Many organizations use SWOTT to determine market share, competitive edge, and total feasibility (McCall,2014). Once the SWOTT Analysis is performed the organization will be able to gauge what their achievable strengths and weaknesses are, possible opportunities they may have in the market, risks, and what business trends are showing (McCall,2014).In the context of this document there will be a detailed evaluation of internal and external elements that have an impact on Wall Flower Athletics. Based off of the findings in the SWOTT Analysis Wall Flower Athletics will be able to make educated decisions regarding the competitive advantage, stakeholders satisfaction, and feasibility regarding the organization (Site). External Environmental Analysis: There are many external elements that may hinder Wall Flower Athletics from achieving set goals and objectives. In order to achieve success Wall Flower Athletics will need to compile a relevant strategy that can overcome any foreseen and unforeseen external factors. External factors include legal and regulating factors, technological factors, economic factors, socio-culture factors, and innovation factors.Legal and Regulatory Factors:In order for a business to function smoothly there need ...
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