The TOWS Matrix is a matching tool that helps managers develop Four (4) types of strategies

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The TOWS Matrix is a matching tool that helps managers develop Four (4) types of strategies. In this assignment you will look back at the SWOT you created for MGM Resorts and develop two specific strategies they can pursue based on your initial analysis. Review the material in the "Readings and Resources Folder" and the guidelines listed below. SO (Strengths and Opportunities) Uses strengths to take advantage of external opportunities WO (Weaknesses and Opportunities) Improve internal weakness by taking advantage of external opportunities. ST (Strengths and Threats) Use strengths to avoid the impact of external threats. WT (Weaknesses and Threats) Reduces Internal weaknesses Assignment Instructions: Review the videos and reading documents for this week. Open the excel file “Assignment Matching Strategies” Open your assignment from last week “MGM Resorts”. Record your SWOT from the MGM assignment to the cells provided on the spreadsheet. Follow the instructions on the spreadsheet and identify specific strategies MGM could pursue. Identify the type of strategy from HOSP4060 Types of Strategies.pptx Create a specific strategy based on the type selected. The goal is to create and match a strategy based on your SWOT, EFE, and IFE analysis. Submit the Excel worksheet when completed