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TOWS Analysis
This is an important tool in the analysis of an organization’s progress. It is usually used in implementing tactics that would result in improved performance of an organization in comparison with the competitors (Hunger, 2007).
SFAS Matrix
SFAS is a synonym for Strategic Factors Analysis Summary. It simply presents, in brief, factors that are strategic and which affect the success of an organization. It involves a person who decides to summarize the opportunities, strengths weaknesses, and threats in not more than 10 strategic factors upon which a decision is made (Saylor, 2010). Each factor is presented according to the weight it has in the process of attaining organizational success. The matrix is as shown below (Nokia, 2012).
From the table, it is evident that Nokia as a corporation responds to the strategic factors positively than an average firm.
References
Hunger, D. (2007). Essentials of Strategic Management. New Jersey: Prentice Hall.
Nokia (2012). Corporate Responsibility and Nokia’s Supply Chain. Web.
Saylor, M. (2012). The Mobile Wave: How Mobile Intelligence Will Change Everything. Perseus: Vanguard Press.
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