3.1.3 Swot analysis

Question 1

What does SWOT stand for?

Answer 1

S - Strengths (Internal)
W - Weaknesses (Internal)
O - Oppertunities (External)
T - Threats (External)

Question 2

What are some strenghths?

Answer 2

Experiance, Good staff, market leaders, Good finances

Question 3

What are some weaknesses?

Answer 3

Bad experiance, Bad Market, Market losers, Bad finances

Question 4

What are some Oppertunitues?

Answer 4

(External) Remeber PESTLE. How aggressive are the competition

Question 5

what does PESTLE stand for?

Answer 5

P - Political
E - Economic
S - Social
T - Technological
L - Legal
E - Environmental

Question 6

What does swot help with?

Answer 6

Helps with structure

Includeds qualitative and quantitative

Question 7

What are examples of Strengths and weaknesses?

Answer 7

Final performance
Resource management (JIT)
Human resource management (Unions)
Employer/employee relationships
Marketing
Culture of the business
Corporate socail responsibility and ethics

Question 8

Opportunities and threat examples:

Answer 8

Economic environment
Political and leagal environment
Degree of competition
Technological change
Legislation
Consumer trends
Demographics (Age, Gender, Income, Lifestyle, Education)