Of SWOT Analysis: Swot Analysis

SWOT Analysis

A SWOT (Strengths, Weaknesses, Opportunities, and Threats) Analysis is considered an “established method for assisting the formulation of strategy” (Dyson, 2004, “Abstract”, para. 1). Moreover, others believe the SWOT framework is “proposed by many as an analytical tool which should be used to categorize significant environmental factors both internal and external to the organization” (Pickton & Wright, 1998, “Abstract”, para. 1). Consequently, other scholars believe that the use of SWOT analysis to influence decisions “needs to be questioned” (Hill & Westbrook, 1998, “SWOT analysis”, para. 1). Additionally, an analysis of this nature is practically mandatory to ensure company growth and continued improvement.

Strengths

TEKsystems has displayed much strength over its course of business. Moreover, the company places extreme emphasis on compliance and best practice efforts. Additionally, compliance is defined as “the action, practice, or fact of complying…practice of civility” (Oxford English Dictionary, 2016, para. 1). Furthermore, compliance is important as most companies have vendors or clients, and if the contract requirements are not met or somehow get altered, the company will become uncompliant. Likewise, if a client or vendor uncovers

Moreover, best practice is defined as “commercial or professional procedures that are accepted or prescribed as being correct or most effective” (Oxford English Dictionary, 2016, “Best Practice”, para 68). Likewise, numerous industries utilize best practices efforts to design and implement global staffing systems (Wiechmann, Ryan, & Hemingway, 2003). Additionally, due to TEKsystems utlizing best practice efforts, the company has a high growth rate and has proven this by staffing over 80,000 information technology consultants annually (S. O’Connor, personal communication, March 29,