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Managers can use various methods of analysis to understand the firm's own capabilities, customers, and business environment. By the end of this reading, you will be able to outline the process and types of situational analysis methods. There are five steps you can follow to define your target market and become positioned to reach your potential customers. By the end of this reading, you will be able to compile the information that is necessary in order to define a target market. This assessment is optional. Note that Boundless has a number of study aids like flashcards, study guides, and quizzes, which would be useful for mastery of these concepts.



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For project based grants, presenting clear problem statements, objectives, methods, and evaluation guidelines is critical. Need based grants may have a more general purpose, such as pay for textbooks and course fees. In addition, be aware of what a grant can and cannot be used for. Do not plan on purchasing that new iPod if a grant only pays for tuition. 8. Write essays and documents in formal language with proper spelling and grammar that adheres to the grant guidelines. Avoid jargon and slang. Be concise, specific, and descriptive. If handwritten documents are a requirement, use black ink and print legibly. Otherwise, submit typewritten copy. Focus your statements on the grant agencys priorities and how you can benefit them in those areas.

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