Definition of SWOT Analysis Essay

In Human Resource ManagementSWOT epitome refers to a useful tool by identifying advantage or harm of a ships company. Also help company thoroughly evaluating pros and cons before formulating its development strategies. Each letter in SWOT stands for strengths, weaknesses, opportunities, threats respectively. In this four points, S and W are internal factors that a company can do such as capacity and human resources. O and T, however, are immaterial factors which a company may do such as laws and different culture. This method focuses on their own actual strengths of an enterprise as well as comparison with competitors. Therefore, this sobering tool can help to decrease difficulties in corporate decision-making and make a more clearly human resource planning.But how we process a SWOT analysis? Firstly, make use of a variety of survey research methods in order to analyze various environmental factors including internal and external factors according to history and current situatio ns of an organization. Secondly, list the investigation result ordered by importance level. At last, take four dimensions in the SWOT analysis into account, in this way we can build a SWOT matrix.For example, Haier, a famous multi-national enterprise that produce household appliance such as TV, refrigerator, race machine and so on. The following diagram is a typical SWOT analysis for Haier.