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                 Notes          4.1.5  SWOT—Landscape Analysis

                                The SWOT-landscape grabs different managerial situations by visualizing and foreseeing the
                                dynamic performance of comparable objects according to findings by Brendan Kitts, Leif Edvinsson
                                and Tord Beding (2000).
                                Changes in relative performance are continually identified. Projects (or other units of measurements)
                                that could be potential risk or opportunity objects are highlighted.
                                SWOT-landscape also indicates which underlying strength/weakness factors that have had or
                                likely will have highest influence in the context of value in use (for ex. capital value fluctuations).

                                4.1.6  Corporate Planning

                                As part of the development of strategies and plans to enable the organization to achieve its
                                objectives, then that organization will use a systematic/rigorous process known as corporate
                                planning. SWOT alongside PEST/PESTLE can be used as a basis for the analysis of business
                                and environmental factors.
                                •    Set objectives: Defining what the organization is going to do
                                •    Environmental scanning
                                •    Internal appraisals of the organization’s SWOT, this needs to include an assessment of
                                     the present situation as well as a portfolio of products/services and an analysis of the
                                     product/service life cycle
                                •    Analysis of existing strategies: This should determine relevance from the results of an
                                     internal/external appraisal. This may include gap analysis which will look at environmental
                                     factors
                                •    Strategic Issues defined: Key factors in the development of a corporate plan which needs
                                     to be addressed by the organization
                                •    Develop new/revised strategies: Revised analysis of strategic issues may mean the objectives
                                     need to change

                                •    Establish critical success factors: The achievement of objectives and strategy implementation
                                •    Preparation of operational, resource, projects plans for strategy implementation
                                •    Monitoring results: Mapping against plans, taking corrective action which may mean
                                     amending objectives/strategies.


                                4.1.7  Marketing
                                In many competitor analyses, marketers build detailed profiles of each competitor in the
                                market, focusing especially on their relative competitive strengths and weaknesses using SWOT
                                analysis. Marketing managers will examine each competitor’s cost structure, sources of profits,
                                resources and competencies, competitive positioning and product differentiation, degree of
                                vertical integration, historical responses to industry developments, and other factors.
                                Marketing management often finds it necessary to invest in research to collect the data required
                                to perform accurate marketing analysis. Accordingly, management often conducts market research
                                (alternately marketing research) to obtain this information. Marketers employ a variety of
                                techniques to conduct market research, but some of the more common include:
                                •    Qualitative marketing research, such as focus groups

                                •    Quantitative marketing research, such as statistical surveys
                                •    Experimental techniques such as test markets


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