Capella University Importance of SWOT and PEST Analysis Discussion
Capella University Importance of SWOT and PEST Analysis Discussion
Capella University Importance of SWOT and PEST Analysis Discussion
Question Description
SWOT Analysis and PEST Analysis
An organization contains a dynamic process of interactions involving many moving parts. Changes in personnel, budget, policy framework, personnel capabilities, operations, and procedures in one part of an organization can affect what occurs in other parts of the organization.
An effective method of mapping this dynamic process is the use of SWOT analysis and PEST analysis, which gauge internal and external factors affecting the success or failure of the organization.
The strengths and weaknesses of an organization, as well as the opportunities and threats (SWOT) placed in a matrix provide an easily viewed statement of criteria for meeting the organization’s goals.
Political and economic factors, viewed along with social and economic factors (PEST), provide the strategic planner another matrix to view the criteria for success in relation to external factors that tend to be out of the control of the organization.
Conducting both analyses allows the planner an opportunity to consider all factors relevant to the success of the organization.
Your assignment is to prepare two matrices for your chosen organization: one SWOT and the other PEST (check the Strategic Planning for Human Services Professionals scatterdesk for more information). You will want to recognize that human services is in constant flux as a professional activity, so take into consideration the primary trends that will affect organizational success or failure.
INSTRUCTIONS
Write a 1000-word overview stating the SWOT and PEST analyses for your chosen organization. Include the following:
Describe your chosen organization, its sector, and the key factors defining the criteria for SWOT and PEST.
Design two matrices: create one table with four parts labeled SWOT and a separate four-part table for PEST. In the quadrants, enter the key criteria affecting the organization.
Explain the importance of each quadrant.
Provide a brief rationale for each of your SWOT and PEST entries.
Analyze the organization’s potential effectiveness in terms of its social, economic, political, and institutional position.
Drawing on your reading of Bryson regarding formulating strategies, consider the Loft strategy, MetroGIS strategy, public sector strategy, or nonprofit strategy to inform the development of your analysis.
Develop policy consistent with the organization’s mission and vision.
Describe the planning focus and desired immediate outcomes.
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STRATEGIC PLANNING
Shannon H. Perry
Strategic Planning and Organizational Effectiveness for Human Services.
Dr. O’Malley
Capella University
July 27, 2020
Executive Summary
The reports regarding various aspects such as financial statements, feedback reviews, and club reports will be handled after every two weeks. The budgetary amount required for the strategic plan is estimated to be around five hundred dollars. This amount is divided into the expenses that will be used to facilitate the planning process, the amount used to pay suppliers for the commodities needed, and the final amount required to pay the club’s staffing team. Resource commitments for strategic planning will include financial resources, human resources, and physical resources. The other types of resources that can be utilized for the operation include the skills that members have and their time.
Adequate management of both resources and time will lead to a successful result; the plan will contain a clear guideline on how funds will be used as well as the associated activities. Enhancing all relevant stakeholders’ engagement in achieving the objectives set will help make the work easier for all team members (Cherniss, 2018). All individuals will be involved in the planning process. Their opinions on various matters will be evaluated to help identify any weak areas and promote the participation of each member. Clear and concise communication strategies will be required to avoid confusion and complications arising from the operations (Kabeyi, 2019). The plan is aimed at achieving key goals in the institution; clear communication amongst members will resolve any unfamiliarity.
Board authorization
The sponsors of the Boys and Girls Club of North Mississippi include well-wishers, corporate partners, donors, and other stakeholders such as brands and companies involved in youth initiatives. The club’s board of directors includes one board chairman and nine other executive heads of various clubs in the Mississippi region (Club, Board of Directors, 2020). Other governing bodies, such as Samsung, Walmart, Wells Fargo, Bank of America, and other foundations, are the club’s partners. The public community is also involved in supporting the club’s initiatives by allowing the children to join in its activities and providing voluntary services. Some corporations are also primary beneficiaries of the club’s efforts since they engage in building the corporate social responsibility the firms have undertaken to support. The board will be in charge of authorizing the execution of the strategic plan.
The mission, vision, and values of the Boys and Girls Club of North Mississippi
The Boys and Girls Club of North Mississippi was founded in 1996 with a mission to motivate and encourage young individuals to achieve their maximum potential by being more caring, productive, and responsible citizens (Digital, 2020). Some of the club’s critical programs include arts, education and character development, health and life skills, and sports and recreation. The club mainly focuses on young individuals between the ages of six and eighteen who give them a safe space to engage in during the summer holidays or after school. The vision of the club is to produce premier youths by offering a wide range of comprehensive services for young people as well as their services. The mass community support in the Mississippi region has been beneficial to the club by investing in its activities and even volunteering training for the children (Club, 2020). The overall purpose of the club is to empower and develop the youth as well as end up creating a competent, influential individual. The club is founded on values they enforce, which include competency, reliability, honesty, and responsibility. The strategic plan will aid in implementing the mission, vision, and values upheld by the club.
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Goals and strategies
The primary objective of the club’s strategic planning is to set goals and develop a tactical plan on how to achieve them (Yang, 2018). Based on the club’s mission and vision, it is evident that it has been operating sustainably due to the impact that has been achieved from the club’s participants. While the club is centered towards achieving a holistic approach to the young individuals, it is mentoring; the strategic plan will aid in setting clear priorities for its achievement. The strategic plan will involve connecting the club’s mission, vision, and plan to provide a concise direction on the measures that will be undertaken for the club to succeed. Allocation of resources will be enforced by the financial managers to ensure the full maximization of both the commercial and non-financial assets the club has. The strategic planning effort has undertaken an initiative to improve the organization’s activities and increase its impact to cater to more young individuals and boost its performance by increasing its programs and engaging more with the local community (George, 2019).
With proper communication strategies, the club members will be able to work unitedly hence promoting the club’s values (Vo, 2019). Since the club is a non-profit organization, the plan will help secure more support from partners, donors, and other stakeholders since it will outline the purpose of the funds in the club. Moreover, strategic planning will impact the direction undertaken by the club and offer a sense of guidance with regards to the objectives aimed to be achieved (Ong, 2015). It will be centered on meeting the club’s objectives and goals, hence specifically catering to its needs. The strategic plan will also aid in the management of the financial resources and enhance proper budgetary allocations; it will ensure that the financial aid is only directed at achieving organizational change hence reduce any wastages. With an increase in the number of young individuals in the region, the planning effort will be directed towards developing more exciting programs to attract more youthful individuals through conducting more community projects.
Organizational description.
The club is a chartered member of the Boys and Girls Clubs of America; this will be the first organization involved in guiding in the strategic planning process to ensure that the plans are regulated in the club’s principles and guidelines (Mississipi, Who are we? 2020). Other stakeholders involved will be the club’s partners, who will share their contribution to the areas they consider need changes and how they can participate in the change intervention process. The Mississippi community should also be involved since they constitute the guardians, families, and supporters of the club (Mississipi, 2020). They will aid in enforcing the communal values that should be included in the strategic plan as well as offering volunteer services to mentor and teach young children. The club’s board members will oversee the decision-making processes, management, execution, and implementation of the strategic plan; hence they will be involved in giving feedback on areas that need improvement.
Strategic planning process
The first step will involve strategy formulation, this entails an assessment of the club’s current position, and it will be conducted through auditing its external and internal operations (Juneja, 2015). The audit results will help identify the key opportunities the club should focus on and the weak areas it can improve on. The mission statement will be revisited to help all members understand the primary purpose of the club. The vision statement will also be highlighted by all members to aid them in understanding the future goal of where the organization aims to be. The internet will facilitate the research process and aid in creating a reliable social media platform for the club. A portfolio and website will be formed to facilitate further establishment of the social aspects of the club. technologies such as emails will be used to pass specific information from the club officials to its various stakeholders. Instant messaging options will be included on the website to aid users who have questions regarding the club. Feedback will be gathered through regular interviews and meetings held between the board members and other stakeholders.
References
Cherniss, M. (2018, 2 6). 6 Key factors to successful strategic planning. Retrieved from Blue Beyond Consulting: https://www.bluebeyondconsulting.com/2018/02/6-key-factors-successful-strategic-planning/
Club, B. a. (2020). Board of Directors. Retrieved from Boys and Girls Club: https://www.bgcnms.org/board
Club, B. a. (2020). Our History. Retrieved from Boys and Girls Club: https://www.bgcnms.org/our-history
Digital, G. (2020). Boys and Girls Club of North Mississippi. Retrieved from Galaxy Digital: https://volunteernems.galaxydigital.com/agency/detail/?agency_id=97845
George, B. (2019). Does strategic planning improve organizational performance? A meta-analysis. Public Administration Review.
Juneja, P. (2015). Steps in Strategy Formulation Process. Retrieved from Management Study Guide: https://www.managementstudyguide.com/strategy-formulation-process.htm
Kabeyi, M. (2019). Organizational strategic planning, implementation, and evaluation with an analysis of challenges and benefits. International Journal of applied research and studies, 27-32. Retrieved from Const.
Mississipi, B. a. (2020). Help us make a difference. Retrieved from Boys and Girls Clubs of Mississipi: https://bgc-ms.org/get-involved/
Mississipi, B. a. (2020). Who are we? Retrieved from Boys and Girls Clubs of Mississipi: https://bdc-ms.org/who-we-are/
Ong, C. (2015, 1 9). Five benefits of strategic planning. Retrieved from Envisio: https://envisio.com/blog/benefits-of-strategic-planning/
Vo, E. (2019, 2, 17). What is Strategic Planning? Retrieved from Small Biz Ahead: https://sba.thehartford,com/business-management/what-is-strategic-planning/
Yang, B. (2018, 3 3). Five benefits of strategic planning. Retrieved from Samantha and Hoong Partners: https://www-samanthahoong-org.cdn.ampproject.org/v/www.samanthahoong.org/news/2018/2/17/5-benefits-of-strategic-planning?