Housing Bussinees Report Essay Example | Topics and Well Written Essays - 3000 words

Housing Bussinees Report - Essay Example Corresponding findings are discussed prior to assessing the CHA Corporate Strategy and Business Plan.   Part I talks about the principles and procedures of SWOT Analysis, and how they should have been applied to CHA. Part 2 discusses the purpose of SWOT Analysis as it relates to CHA and why it was difficult for CHA to serve the purposes of a comprehensive and accurate strategy. Part 3 gives an assessment of the weaknesses based on the facts in CHA’s Corporate Strategy and Business Plan. And Part IV gives the Roles of the Board in order to have a comprehensive SWOT analysis and to successfully utilize results in preparing a more accurate strategy and set of plans. Part I An Explanation of the Method known as SWOT Analysis One of the alternative planning tools of management in different levels involves formulating pertinent questions to be included in a set of questionnaires that will identify the Strengths, Weaknesses, and Opportunities of the business organization, and Threa ts to its future performance. These questionnaires should be for the Stakeholders and/or their official representatives in the Board of Directors. From the response to questionnaires and also based on known information about the company and the industry, the management should be able to identify company strengths and weaknesses as well as the opportunities and threats. This is known as the SWOT Analysis. The main objective of such a tool is to be able to formulate clearly defined, effective strategies that will aim to achieve desired objectives. Strategic planning should therefore follow SWOT Analysis. A diagram below summarizes the interrelated processes. Questionnaires All Board Members representing Stakeholders should answer questions. Performance of SWOT Analysis Strategic Planning Achievement of Desired Objectives, Goals, Purposes, Mission, Vision Through Optimum Performance As can be seen from the diagram, management uses the findings gathered from questionnaires distributed t o the Stakeholders, analyzes them, and develops a logical plan for the company to realize objectives. Contents of the questionnaires should consider all the External Factors that have an impact on the organization and all the Internal Factors (from within the organization). Value of Questionnaires Because the recipient and respondents to questionnaires will be the Stakeholders or the representatives in the Board, their views will be the key resources to be used in determining how the organization will go about achieving objectives and towards which direction. Questionnaires should ask Stakeholders about their awareness of the present status of the organization of which they are a part, an awareness of some history concerning how the company reached its present status, their description of the business (What is it ?) and what should it be, their insights about where the business should be headed, and how they think the business can become the way they want it to be. Sample questions about internal factors that would be related to the recent performance of the organization, are shown in the attached. One book entitled â€Å"Strategic Planning† by the Strategic Planning Society (2006) emphasized that â€Å"There are no magic formulas; each organization will be different. So getting the questions right is crucial to success.† The questionnaires should strive to be exhaustive in order to extract adequate and substantial