Accomplishing the terminal class objectives will facilitate my success in management because it provides well mapped out and informative guidelines regarding different aspects of management. It has exposed me to essential and critical management information such as goal setting and planning, monitoring and feedback, and the significance of an excellent manager-employee relationship. Some of the challenges a manager might encounter for failing to adhere to these objectives include miscommunication with employees, inability to solve conflicts within a team, performance problems, and clinging to unproductive employees, hence recording poor performance.

The SWOT analysis allows an organization to evaluate its strengths and weaknesses based on factual and accurate data external and internal factors that might affect its operations. Current data is essential in SWOT analysis because it facilitates the accuracy of the results and recommendations of the SWOT analysis used by an organization. Current data also enables the analysis to point out the appropriate solutions to threats for an organization and quickly grab opportunities suitable for it hence experiencing success in its operations.

In a fictitious firm, the SWOT analysis is identified using the products marketed and sold by the firm, the geographical areas targeted by the firm, and the target consumers in the market. The information gathered from these aspects of a business will help identify SWOT analysis and its implementation in the organization to facilitate increased sales and profits, improved customer base, and growth in the firm’s overall performance.

The SWOT factors that should be specific to the firm include but are not limited to profitability, employee competencies, company culture, and turnover. On the other hand, the generic factors include developing technologies, industry regulations, government’s role, and competitors.