Philadelphia School Board
Adequate textbooks and learning resources
Presence of qualified teaching staff
Qualified non-teaching staff
Inadequate finances in funding major projects
Disciplined and determined students
Committed and ambitious staff
Committed Board of School
Good legislations in education
Low political will power
Competition from neighbouring schools
High prices of food
Describe how the school board could benefit from using a S.W.O.T analysis as part of a strategic financial plan
In any institution, a SWOT analysis remains as a very important tool. SWOT analysis usually analyses a given institutions, Strengths, Weakness, Opportunities and Threats (Mulembo, 2009). The school board is usually in charge of making final decisions in regard to the management of a given institution (Anja, 2010). Hence in the process of financial planning, in having a SWOT analysis, the given board of the school might be able to identify some of the internal environment strengths and weakness it possesses. In knowing their weakness, they can be able to institute changes in order to eliminate or minimize them (Anja, 2010). Strengths usually provide an added advantage to the given school in terms of identifying its positive strengths in its internal environment (Mulembo, 2009). SWOT analysis is often used for financial planning by the board of a school as it also provides a better analysis of what to expect in regard to their external environment. They are able to use the information to audit, analyse, plan, and make important decisions that affect the running of the school (Anja, 2010). In summary, SWOT analysis can be used by the board of that school in ensuring they make a sound decision in regard to the management of that given school by proper financial planning (Anja, 2010).
Anja B Hm, A. B. (2010). The Swot Analysis. New York: GRIN Verlag.
Mulembo, A. (2009). SWOT Analysis: A Tool for Making Better Business Decisions. Minnesota: University of Minnesota. (Mulembo, 2009)