Introduction
SWOT analysis which stands for Strengths, Weaknesses, Opportunities and Threats, is an essential tool in organizations and business decision making. SWOT analysis is used in strategic planning, evaluation of a competitor, product development and marketing. Normally, the SWOT analysis template is in form of a grid with four sections, each one consisting one of the four headings (Chapman, 2011).
SWOT analysis template enhances proactive thinking and can be utilized in various decision making processes within an organization. In this paper, a SWOT analysis of the Environmental Agency of UK will be undertaken.
Environmental Agency
The Environmental Agency is a public body within the Department of Environment that was established on 1st January in 1996 and implements environmental policies in the Welsh and UK governments (Jack, 2006). The main work of the organization is to protect and improve the environment in the two countries. Environment protection involves looking into pollution and flood threats, both of which can adversely destroy the environment.
The agency aims at creating a green environment by improving and protecting the natural environment, working with the business community so as to save resources and minimize waste, as well as ensuring that UK economy is able to survive the climate changes resulting from global warming.
The Environment Agency helps in facilitating the development of low carbon energy sources with an aim of reducing greenhouse gases emission. The organization is divided into eight directorates, all of which are under the Chief Executive Officer (Jack, 2006).
S.W.O.T. Analysis of the Environmental Agency
Benefits of the SWOT Analysis
Using the above SWOT analysis, the Environment Agency can increase its income by putting into place measures that will ensure it maximizes the collection of funds through issuing of licences and permits, since it is allowed by the government to do so.
The agency should also work closely with other relevant partners such as the meteorological department and telecom companies, so that it can issue timely flood risk warnings instead of spending most of its budgetary allocation in dealing with the floods. For better financial planning, the agency should make proper use of all the money allocated to it and also deal with the concerns raised by the National Audit Report about mismanagement of funds.
References
Chapman, A. (2011). Swot analysis. Retrieved from https://www.businessballs.com/strategy-innovation/swot-analysis/
Jack, M. (2006). The environment agency: seventh report of session 2005-06. Stationery Office, London.
Leigh, E. (2006). Environment agency: efficiency in water resource management. The Stationery Office, London.