SWOT
Analysis Charts -Current Strength (S),Weakness (Es),Opportunity (Ies), and Threat (S)of the Company
A SWOT analysis can be carried out for a product , place , industry or
person. It involves specifying the objective of the business venture or project
and identifying the internal and external factors that are favorable and
unfavorable to achieving that objective. The technique is credited to Albert
Humphrey, who led a
convention at the Stanford Research Institute (now SRI International) in the 1960s and 1970s using data
from Fortune 500 companies. The degree to which the internal
environment of the firm matches with the external environment is expressed by
the concept of strategic fit.Setting the objective should be done
after the SWOT analysis has been performed. This would allow achievable goals
or objectives to be set for the organization. Setting the objective
should be done after the SWOT analysis has been performed. This would allow
achievable goals or objectives to be set for the organization.
·
Strengths: characteristics of the business or
project that give it an advantage over others
·
Weaknesses: are characteristics that place the
team at a disadvantage relative to others
·
Opportunities: elements that the project could
exploit to its advantage
·
Threats: elements in the environment that could
cause trouble for the business or project
Identification of SWOTs is important because they can inform later
steps in planning to achieve the objective. First, the decision makers should consider whether the objective
is attainable, given the SWOTs. If the objective is not attainable
a different objective must be selected and the process repeated. Users of SWOT analysis need to ask and answer questions that
generate meaningful information for each category (strengths, weaknesses,
opportunities, and threats) to make the analysis useful and find their
competitive advantage.
The Limpahan Annur Enterprise has
their own strength in the industry of traditional malay snack . We think an
objective point of view, in fact, every kind of business has its special or
unique and strong. No one would be willing to invest a sum of money to the
lifeless industry. Every company has a certain strength, this company is that
they open up a traditional local industries. They have actual traditional
recipes and local rich resources. This is a strength that we can not ignore.
In fact, the owner are very
aware that companies to offer traditional commercial business has been
gradually replaced by modern industrial. The
owner of the company adhere to the low-cost low-profit. She think this is a
good opportunity. She also believes she can step by step to make their
companies towards the pinnacle of success.
In
addition , Every
kind of business actually has his place of strength necessary and has his
weaknesses. The owner think that the current health of people living busy
fashion, customers will question the health of their products. In addition, the
cost of living on the compact will affect their sales.
According
to the business owner said that , they rarely compete in Tesco, they only need
to competition with the others company who was business outside the Tesco.
They also have something
that can not be ignored is Tesco also has selling some snacks. Their company needs to competition
with this large company .
Threat
is there in every industry, in order to overcome these threats merchants who
will face many problems. The owner said that , their business is facing the
threats in the beginning of their business because there is no fixed customers
and many types of snacks so that their companies are facing funding shortfalls.
In addition , Tesco was originally a diversified company offering cheap, It
makes their companies must highlight their products so that the customer can be
compared. Otherwise,
customers will prefer to buy in the Tesco and not their small kiosk who was
rent from the Tesco .
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