Course Solutions Uncategorized Basic Strategic Plan Discussion Describe 2 Strategic Planning Design Tools Explain Tools U Q34266671

Basic Strategic Plan Discussion Describe 2 Strategic Planning Design Tools Explain Tools U Q34266671

Basic Strategic Plan
For this discussion, describe 2 strategic planning designtools. Explain how those tools can be used to design a compensationand rewards program.
Can someone help me in the next hour I have an hour tosubmittedThank you

Expert Answer


Here two basic tools are describedbriefly.

  1. SWOT (Strengths,Weakness, Opportunities, Threats)

This toolidentifies the organization’s strength and weaknesses internally.To balance those, organization identifies opportunities availablein the market and potential threats to the organizationsuccess.

      How it is useful for compensationand rewards program.

      From a simple example of Apple Inc.The strengths of the company are the unique, innovative and thebest in feature products

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