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What business would you engage in during pandemic if you were given an inheritance of 10 million pesos today? Why? Applying the concept of Planning, how would you minimize the risk and create a SWOT analysis for your business?

Sagot :

princessanneramos38

Answer:

1. Decide on the objective of your SWOT analysis

To get the most out of your SWOT analysis, you should have a question or objective in mind from the start. For example, you could use a SWOT analysis to help you decide if you should introduce a new product or service, or change your processes.

2. Research your business, industry and market

Before you begin the SWOT analysis you need to do some research to understand your business, industry and market. Get a range of perspectives by talking to your staff, business partners and clients. Also conduct some market research and find out about your competitors.

3. List your business's strengths

The first step is to identify and list what you think are your business's strengths. Examples could include strengths relating to employees, financial resources, your business location, cost advantages and competitiveness.

At this stage of the SWOT analysis, the list does not need to be definitive. Any ideas and thoughts are encouraged. Step 7 is where the list is prioritised.

4. List your business's weaknesses

List things in your business that you consider to be weaknesses (i.e. that put your business at a disadvantage to others). Weaknesses could include an absence of new products or clients, staff absenteeism, a lack of intellectual property, declining market share and distance to market.

Make sure you address the weaknesses raised in your SWOT analysis. The list of weaknesses can indicate how your business has grown over time. When you review the SWOT analysis after a year, you may notice that your weaknesses have been resolved. While you may find new weaknesses, the fact that the old ones are gone is a sign of progress.

5. List potential opportunities for your business

Think about the possible external opportunities for your business. These are not the same as your internal strengths, and are not necessarily definite – an opportunity for one aspect of your business could be a threat to another (e.g. you may consider introducing a new product to keep up with consumer trends, but your competitors may already have a similar product). Keep this in mind, but for the SWOT analysis, the same item shouldn't be listed as both an opportunity and a threat.

Opportunities could include new technology, training programs, partnerships, a diverse marketplace and a change of government.

Salamat sa pagbisita sa aming plataporma. Umaasa kaming nahanap mo ang mga sagot na hinahanap mo. Bumalik ka anumang oras na kailangan mo ng karagdagang impormasyon. Salamat sa paggamit ng aming serbisyo. Lagi kaming narito upang magbigay ng tumpak at napapanahong mga sagot sa lahat ng iyong mga katanungan. Imhr.ca ay laging nandito para magbigay ng tamang sagot. Bisitahin muli kami para sa pinakabagong impormasyon.