SWOT ANALYSIS

“Opportunities"

You will use this week's information in Assignment 1, question 7. 

For this week’s discussion, please respond to the following:

1. Discuss three OPPORTUNITIES you can identify for your NAB business. Briefly describe each and clarify how your business can grow by pursuing each opportunity. 

To help you get started see the example

Number each opportunity and describe each in a separate paragraph clarifying how your business can grow by pursuing that opportunity.

Opportunities:

· What good opportunities can you spot?

· What interesting trends are you aware of?

· Useful opportunities can come from such things as:

· Changes in technology and markets on both a broad and narrow scale.

· Changes in government policy related to your field.

· Changes in social patterns, population profiles, lifestyle changes, and so on.

· Local events.

Discussion Answer

Hindrances to passage for a restorative business are not extraordinary. There is not a significant measure of wealth needed to get into the marketplace. . Nor is there the requirement for frugalities of balance for new contestants, except they might want to make and create the corrective items themselves. There are no administrative arrangements which limit the quantity of beautifying agents’ merchants in the market (Albers, et.al, 2016).

The top three opportunities of Madrid Courtesy Company are:

i. Extension of Product Lines of Madrid Courtesy Company products.

ii. Acknowledgement of new items by buyers of Madrid Courtesy Company products.

iii. Hydration purposes of Madrid Courtesy Company products.

In Madrid Courtesy Company, our items will be fruitful as buyers will acknowledge new items and support the possibility of a more extensive assortment of items accessible to buyers. Buyers in the age gathering of 21 to 30 years need a wide assortment of beautifying agents’ items. This draws out an open door for premium valuing system, additionally a cost authority technique for new participants to the market.

Secondly, with the hot climate in the area, cold beverages from Madrid Courtesy Company will thrive since it offers what the customer needs. The items that demonstrate the most probable for the market are purging, peeling and Hydration. In the body mind section it is hydration and solace taken after by hair mind. When taking the waters at the sun-assurance classification there is an interest for high security and after sun items. In the make-up portion the most utilized items are eye items and lip items

Extension of Product Lines will facilitate around 27 % of senior executives make a list of diversification of products as a primary aim of partnerships that are consideration (Krishnan, et.al, 2014). Often, numerous businesses work together thus gaining access to the market, knowledge or materials that are essential to extending the product lines of Madrid Courtesy Company.

References

Albers, S., Wohlgezogen, F., & Zajac, E. J. (2016). Strategic alliance structures: An organization design perspective. Journal of Management, 42(3), 582-614.

Krishnan, K., Nandy, D. K., & Puri, M. (2014). Does financing spur small business productivity? Evidence from a natural experiment. The Review of Financial Studies, 28(6), 1768-1809.

Professor Response

Thank you for your response. Great suggestions! What potential product lines would you consider? 

My Response

Being a group of products that are related, marketed under a single brand name, and sold by a similar company, the related product line for Madrid Courtesy Company would be juice brands because of consumer familiarity.