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The four factors are not always equally relevant or important for an organization while
formulating a strategy. Sometimes a single strength is so prominent that it is good enough to
overcome all weaknesses and external threats, and the company can create opportunities on
its own. The strength can be a unique technological patent or tactical business position or a
formidable research output, which overcomes weakness, is able to counter any threats and
can get the people to buy its products in any market. In some organizations, one weakness is
capable of dooming the prospects of organization and needs to be worked upon urgently, and
after doing this, the entire thing is fixed.An example of placing importance on one factor is
Apple, which focused on building its technological prowess, design and brand value more
than anything else. By making world class products, it could offset its weaknesses like high
price and incompatibility with other software, while being unaffected by threats and could
create opportunities without working much on them. It still does so and is successful most of
the times through its products that come with cutting edge technologies and design features.
An individual, company, or organization can utilize the SWOT analysis approach to
determine their strengths, weaknesses, opportunities, and threats. SWOT analyses are useful,
yet they vary based on the kind of business that employs them. Some businesses may be
entirely distinct types, yet they could share a factor, necessitating a SWOT analysis to
determine how things turn out. Conducting a SWOT analysis on these businesses compares
their strengths, weaknesses, opportunities, and threats. The four components of a strategy are
not necessarily equally relevant or significant for a business. It directs you to enhance your
strengths, fill in your weaknesses, take advantage of fresh opportunities, and reduce risks.
Understanding your internal and external environment clearly and realistically can help you
find strategies to improve customer satisfaction, accomplish your goals, and reinforce
vulnerable areas that affect your performance. When it comes to areas of swot in the
business aspect, there can be a number differences when it comes to companies and how it
affects companies. But also, there can be some similarities. Swot stands for strengths,
weaknesses, opportunities, and threats. When applying is to a business, there can be a
number of different ways were companies may have similar strengths, weaknesses,
opportunities, and threats, even if the companies are in a different field from one another.
But they can be extremely different.
A company that focus on a certain area of the swot would be Netflix. Netflix has a lot of
different areas of opportunity. Also some weaknesses, some strengths, and some threats.
For example:Netflix has cracked down on the sharing password although this is a threat to
the company because sharing passwords lowers the revenue It would also be considered a
weakness and a strength. Because password sharing did exist more people to learn to
Netflix. Now that Netflix is cracking down. It is losing a tremendous amount of followers,
so we’re looking at the SWOT they chose to focus on. The threat and the weaknesses instead
of the strength and opportunity. es, I do believe so. Mainly for the specific reason that every
organization does not operate the same nor do they have the same values as each other. The
SWOT analysis is a useful technique to assess four attributes which play a crucial role in an
organization. Organizations differ from each other when placing importance on areas of a a a a a
SWOT analysis because different organizations have different strength, weakness,
opportunities and threats.
Describe a real-world example of an organization that would place more
importance on one area of the SWOT analysis compared to another area.
THE COCA COLA COMPANY:
Strengths
Variety of products one of the biggest strengths that The Coca Cola Company has
is their incredible variety of products across different categories. In fact, there are
over 500 BRANDS across 200 companies owned by Coca Cola. This not only gives
them a higher control on the market, but also more diversified expertise, and less
overall competition.
Weaknesses
Health trends one of the biggest weaknesses that the company has is its unability
to adapt to current health trends. As people are becoming more and more conscious
about the unhealthy food and the amount of sugar they are consuming, soft and
sugary drinks are slowly getting substituted by healthier options.
First of all. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. So you
would have to know that first to that what we are looking for. So say we have two
companies, even if two companies were in two completely different fields and have two
completely different business models, they will still share some of the same related aspects
of their operations. It doesn’t even matter how they perform their work. They still would
have customers and employees, they would still offer goods or services for sale and have to
carry out their work to bring value to the companies. By performing a SWOT analysis on
these companies looking at strengths, weaknesses, opportunities and threats, you can
compare the results for each company and gather information into how they can each
improve. Threats and opportunities would show a company's exterior environment. If these
two companies operate in different markets. Some parts of the business ways and factors
such as currency exchange rates, or interest rates or even inflation, will be the same for all
businesses. Normally opportunities would come from technology, and through social trends,
partnerships, government policies, and cost cutting to improved quality. Normally the threats
to the business starts with lack of qualified staff, competition, regulations, rising costs,
market changes or unfavorable population trends. During the process, the opportunity or the
threat part of the SWOT analysis, is to make sense and to focus on the parts of this that are
common to the two companies to make a good comparison.
SWOT stands for Strengths, Weaknesses, Opportunities, and Threats, and so a SWOT
analysis is a technique for assessing these four aspects of your business. SWOT Analysis is
a tool that can help you to analyze what your company does best now, and to devise a
successful strategy for the future. SWOT can also uncover areas of the business that are
holding you back, or that your competitors could exploit if you don't protect yourself. A
SWOT analysis examines both internal and external factors that is, what's going on inside
and outside your organization. So some of these factors will be within your control and some
will not. In either case, the wisest action you can take in response will become clearer once
you've discovered, recorded and analyzed as many factors as you can. SWOT Analysis can
help you to challenge risky assumptions and to uncover dangerous blindspots about your
organization's performance. If you use it carefully and collaboratively, it can deliver new
insights on where your business currently is, and help you to develop exactly the right
strategy for any situation. Strengths are things that your organization does particularly well,
or in a way that distinguishes you from your competitors. Think about the advantages your
organization has over other organizations. These might be the motivation of your staff,
access to certain materials, or a strong set of manufacturing processes. SWOT analysis helps
companies make strategic and informed business decisions by helping the business owner to
understand your company’s position within your market and industry. SWOT analysis
compares internal factors of a business which are its strengths and weaknesses against
external factors such as opportunities and threats.
I think organizations differ from each other when placing importance on areas of the SWOT
analysis because each company is unique making each entity strengths and weaknesses
different. A company I can use for an example is Coca Cola. A few strengths of this
company I can point out would be their variety of products and their branding. Who doesn't
recognize a Coca Cola product?
But just as a company has its strengths it has their weaknesses as well. One of Coca Colas
biggest weakness is health trends. Healthy living and eating is on the rise. Coca Colas
products contains alot of sugar which can put them at a disadvantage compared to more
healthier beverage choices such as a gatorade or fruit juice.
Coca colas biggest competitor is Pepsi. One of the advantages Coca cola has over Pepsi is
that Pepsi is much sweeter and therefore contains more sugar, so if a consumer has health as
a contributing factor of determining what product to buy Coca Cola would be the choice.
However, if the consumers sugar intake is less important to them than the taste then Pepsi
would be the pick.
These companies can use SWOT analysis to make strategic business moves and identify
their target consumer base.
Organizations differ from each other when placing importance on areas of the SWOT
analysis. In order for an organization to be successful, they must know what their strengths,
weaknesses and areas of improvements are. Poor preparation results in poor performance.
The organization must know what they are working with in order to know how to make it
work, Different organizations may take different approaches when conducting a SWOT
analysis. A SWOT analysis for the automotive industry would look similiar but diferent for
the hospitality industry. A SWOT for the automotive industry would focus on
manufacturing, fuel, rates, demand, recalls. Where as the hospitality industry SWOT
analysis would focus more on availability, experience, location. My area of focus is Netflix.
Netflix SWOT analysis would be focusing on the demand of streaming services and the
entrants of new, competitive streaming services. Streaming services are being developed on
a regular basis now. This causes concerns for competition on a much broader spectrum.
They could be strong in the area of they have original movies and documentaries. On the flip
side, they could be weak in the area of their pricing compared to other streaming services.
Their area of improvement or concern would be several households using one account which
in turn causes them to lose revenue. I believe that companies do differ from each other when
you are placing importance on areas of the SWOT analysis. SWOT Analysis is the
framework that allows businesses to analyze their company strength and weaknesses.
SWOT analysis also allows the companies to analyze external opportunities and threats to
build strategy. Each company’s portfolio is different and may have weaknesses that differ
from another company. One company may have a core competency that is valuable and not
easy to imitate which makes this a strength.Apple is a company that places more importance
on its opportunities and strengths compared to external companies in the SWOT analysis.
Apple has a webinar for their new release products a few times a year. In these public
webinars, they present new products and display their strengths over other companies and
how they have innovated new tools in their software, hardware, and digital platforms like
Apple Arcade, News, Fitness, and TV. Apple's expansion in the finance world with its
partnership they have with Goldman Sachs has created more opportunities for them. Also,
they capitalize on their product growth distribution globally. Apple places more importance
on its strengths and opportunities in its business. I think that organizations do differentiate
on how the SWOT analysis is implemented. As explained in chapter 4, the strength of
organization A are not the same for organization B, and for that reason organization A can
use its strength to take advantage of opportunities. Some organizations concentrate more on
their strengths, and weaknesses, and others focus on their opportunities and threats. It will
just depend on where the organization is and what it wants to achieve.
American Airlines is too focus on the organization’s strengths, reputation, and brand image
that has not taking interest in its weakness. Low-Cost Carriers that offer cheaper flights to
many destinations. I do think organizations differ from each other, when placing importance
on areas of the SWOT analysis and this primarily depends on the nature of their business
and the products or services they offer. An example of two companies that would place a
different level of importances in the SWOT analysis is a software company and a fast food
restaurant. The reason for this is a fast food restaurant has a standard business practice with
a corporate franchisor that has assessed all the demographics of the restaurant’s location and
consumer practices. Therefore, their need to do any type of consistent SWOT review on
their internal strengths and weaknesses versus their external opportunity and threats is not of
utmost importance. A software company, on the other hand, is in a highly competitive
market where software creation, enhancements, and iterations occur in hours… maybe even
minutes. Their strategic focus on measuring their internal strengths and weaknesses, as well
as their external opportunities and threatens is paramount to their ability to succeed in their
area of software development. If they aren’t paying attention, they will get passed by a
competitor. n my work experience the following statement that organizations differ from
each other in a SWOT analysis would be true. The SWOT analysis stands for strengths,
weaknesses, opportunities, and threats. Taking it a further is the breakdown of the strength
and weakness that can be controlled within organization internally. The opportunities and
threats expand out to external influences with consideration of positive options and a
negative effect with a threat.For example, the real-world strength in cable business is the
direct sales employee as the company’s strongest asset. The weaknesses in the company
would be considered the amount of debt they are holding. As it was discovered during the
pandemic was the opportunity trends that positively affect the cable industry. If you were not
aware there is a strategy from some shifty individuals that work for the competitors. Their
job is the act of poaching experienced skilled technicians offering high scale of pay for the
short-term is ongoing threats. a An organization would need to identify areas that are critical
to the success of the business. This would be the investment of the employee. Without the
skilled employee the success factors of the business plan will lean to the competitor’s
advantage.
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