Question: Explain how a SWOT analysis helps a firm develop a strategic plan? What type of analysis (internal or external) is this analysis? What are the

Explain how a SWOT analysis helps a firm develop a strategic plan? What type of analysis (internal or external) is this analysis? What are the advantages and disadvantages of using a SWOT? What can be done to account for the deficiencies in using a SWOT--what other analysis could be used and why?

What are the key concepts, principles or theories from the text that are applicable to this discussion? Are there any experts within the field of business that would support or contradict any position posted?

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