Management appreciation Essay Example | Topics and Well Written Essays - 1250 words

Management appreciation - Essay Example Is a forecasting tool that is used to comprehend the Strengths of a particular organization its Weaknesses, Opportunities, and involved Threats (BHC 1999). It includes identifying the objective of that particular business or organization and specifying the internal and external aspects that are supportive or unfavorable towards achieving that objective. SWOT is also used during the process of strategic planning. Strengths, Weaknesses, Opportunities, Threats make up the acronym SWOT (Austrainer 1999). The SWOT Matrix Model at first sight this might look like a simple and easy model to apply, but to do an effective and meaningful SWOT analysis, one requires time and a significant input and requires teamwork since it cannot be done by just one person effectively (PMI- Plus, Minus, Interesting 1999). The decisions of managers of any business are affected by various macro environmental factors. PESTEL analysis describes suitable framework of these factors to be used in the environmental scanning section of strategic management (Havergal & Edmonstone 1999). PESTEL is an acronym for political, economic, social, technological, and legal analysis. These factors can be categorized into: Political factors, economic factors, Social factors, technological factors, environmental factors and legal factors: An executive assistant is the epicenter of a number of managerial duties that fall under the senior management executives. His/her duties include managing a wide range of administrative tasks such as; scheduling, prioritizing of tasks, representative of the executive, executes the executive’s instructions among others (Parkinson 1993). SWOT and PESTEL techniques help the executive assistant to come up with useful procedure for evaluating the environmental forces on the team or an organization (Boone & Kurtz 1992). It also helps in researching information for future predictions revolving