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Comprehensive essay on swot analysis
Critical assessment of swot analysis
Critical assessment of swot analysis
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Strengths:
Are internal capabilities that can help the firm reach its objectives.
Participants they learn through doing. We simulate almost everything in the training room; participants learn lessons for themselves, they draw experience from their decisions and mistakes.
We have a competitive advantage because we have a broad structure from school learners to small businesses as well as large corporates who also send their representatives to enrol in some of our courses.
Weakness:
Are internal elements that may interfere with the firm’s ability to achieve its objectives
It will be quite difficult for us to expand our business to other countries since they are very well informed about entrepreneurship, nonetheless our organisation will succeed
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We move from one community to another providing help for them in the form of competition, participants are being trained using simulation models they are then assessed, qualifying participants are given further training and mentorship until they finally take ownership and start their
There are number of strengths that we posses that will help us to capitalise on a competitive market, these strengths include:
Target Corporation is an American retailing company; the second- largest discount retailer next to Wal-Mart. The Target Corporation was founded in 1902 by John Dayton in Minneapolis, Minnesota. The founder of Target, opened a store located in Roseville, Minnesota in 1692 known as Dayton Dry Goods Company and has since grown becoming the leading division of Dayton Hudson Corporation, the company that later changed their name to Target Corporation in 2000. From 1692 until today, Target has expanded tremendously, having stores throughout the US, Canada and Australia. Now a day, Target Corporation has 1,797 retail stores in the United States and 127 stores in Canada, with 40 distribution centers throughout the US and Canada, totaling 361,000 team members worldwide. Their mission is to make Target the favored shopping destination for their guests by satisfying their mission statement of “Expect More. Pay Less.”
Open new stores in China and start new branches in India (second largest population in the world).
Take Five Sports Bar and Grill is a popular sports bar located in Anytown. Joseph A. Smith, the principal owner, would like to expand his current foothold of Take Five Sports Bar and Grill to several places within or near Anytown. Take Five Sports Bar and Grill has been open since 1995, catering to the market with cutting edge technology, good food, and creative tie-ins with various sports teams, celebrities, and radio hosts. While Mr. Smith has been successful with his current venture, Mr. Smith should still analyze his strengths, weaknesses, opportunities, and weaknesses before he chooses to open up further stores. The following is a SWOT analysis of his current and future businesses.
test whatever it's a bad effect or not. So when it used on humans, we
Cleanliness is must for any restaurant to grab customers attention, so our plan will be to provide clean hygienic food.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
The food service industry in the Philippines has improved over the million years. It has been a part of the Filipino culture to dine out during work breaks and when celebrating different occasions. The food service industry encompasses all of the activities, services, and business functions involved in preparing and serving food to people eating away from home. This includes all types of restaurants from fine dining to fast food. It also includes institutional food operations at locations such as schools and hospitals, as well as other specialty vendors such as food truck operators and catering businesses.
Recent studies however tend to tie entrepreneurship to thought and behavioural patterns which is relevant to every societal and economic facet, and such a perception of entrepreneurship currently requires a different approach to skill development. Entrepreneurial education today is aimed at developing the individuals’ mind-set, attitude, capabilities and behavioural tendencies; characteristics which can successfully be applied to the creation and addition of value to a wide range of frameworks and contextual settings from the public sector, charities, tertiary institutions and social enterprises to corporate organisations and new venture creations (Shane, 2000; Akpa, 2007; Holt,
Nowadays, entrepreneurship becomes most popular career, where our government encourages our graduated student to involve in business so that unemployment will not happen in our country. Policymakers, academics, and researcher agree that entrepreneurship is a vital route to economic advancement for both developed and developing economics (Zelealem et al., 2004). Entrepreneurship has many types for example small business and others. Today small business, particularly the new ones, is the main vehicle for entrepreneurship, contributing not just to employment, social and political stability, but also to innovation and competitive power (Thurik & Wennekers, 2004).
The following essay is going to attempt to assess the above proposition and try to find if it is possible to add value continually over a period of time. I will first discuss what competitive advantage is and what it means to a firm. Then I will explain the sources of competitive advantage and how the distinctive capabilities of a firm allow it to sustain added value. The discussion is based on a number of viewpoints from different authors who will be clearly indicated and acknowledged. I begin with explaining what competitive advantage is.
...ll as private sectors have gone international with new ventures outside the country. These companies are generating revenue, though modest compared to their overall sales revenue, by deputing their expert personnel outside.
Within every major economy, a great factor in providing the energy of the core of the nations economy is the small and medium enterprises. These cluster of firms are what provide new economic activity, new innovative products and services, along with growing employment and in general a crucial system in ensuring the economy is at a stable growth level. With a majority of this activity stemming from family controlled or managed businesses, the focus on developing a global and long term perspective for these firms are ever growing in importance because of the global perspective entrepreneurship has started to take.
Studies show that both educational and structural support factors influence the entrepreneurial intention of students however that alone does not guarantee success. College degrees in business majors and training programs possibly may not transcend genes and its history component and it is possible that education in itself presents to a degree to which the discipline of entrepreneurship is learnt. One must therefore have an “entrepreneurship personality” (Drucker 1985).
Entrepreneurship is an important aspect of social, economic and community life. It can be viewed as a critical factor to economic growth as well as a way of addressing unemployment (Nolan, 2003).Entrepreneurs are people who are persistently focused on identifying opportunities, they seek to create something worthwhile while taking into account foreseeable risk and rewards associated with the efforts (Nolan, 2003). Furthermore, entrepreneurs are frequently understood to be individuals who discover market needs and establish new business to meet those identified opportunities. The following assignment will firstly discuss the types of entrepreneurship, secondly it will discuss the reasons people become entrepreneurs, and thirdly it will discuss the importance of entrepreneurship.