TeamSted
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Revision as of 16:22, 23 February 2020 by Hashimhameed (Talk | contribs)
Work in progress!!! This article will contain a reporting on relevant tools related to case work conducted together with Ørsted.
And remember boyzzz, we draw all the figures ourself. If you are not good at it, draw a draft and it will be revised.
Erik Arvid | Hosszu | s200154 |
Jacob | Clemmensen | s144069 |
Björgvin | Hjartarson | s154659 |
Breno | Strüssmann | s193580 |
Tobias | Thyssen | s143786 |
Hashim | Harmeed | s193272 |
Contents |
Introduction
Tools
Introduce the tools chosen and why they were chosen (importance). Also relevance to the specific case
Tool 1 - SWOT
SWOT is a framework model used for identifying and analyzing the strength, weakness, opportunities and threats within a company. The model is divided into internal factors (strength and weakness) and external factors (opportunities and threats).- Strength: The first element highlights the strength within a company and investigates how they distinguish from competitors.
- Weakness: The second element highlights the weakness within a company, and critically investigates what other companies do better.
- Opportunities: The third element highlights the opportunities within a company, and looks into the company development of new ideas that lead to new markets
- Threats: The fourth element highlights the threats within a company, and investigates what may affect the success and growth of a company
Generally, SWOT is an efficient and valuable tool to gain insight into, what is realistic to achieve and where the focus area should be. The managers within a company can easily identify and evaluate if their goals are activable, and if it is not the SWOT model can be modified by the following the four elements.