SWOT Analysis of Every Business

SWOT analysis is a matrix whose elements can be broken down into Strengths, Weaknesses, Opportunities, and Threats. In the analysis, the aforementioned elements, which happen to be present in any business, product, or place, are looked at and decisions made regarding the same.Advertising We will write a custom report sample on SWOT Analysis of Every Business specifically for you for only $16.05 $11/page Learn More SWOT analysis majorly entails determining the external and internal factors of a project or business venture and consider their favourability. From the comparisons of the internal and external environments, a strategic fit is arrived at. For instance, with the help of SWOT analysis, a business is able to operate in a competitive market environment. The elements of the SWOT matrix stand for the following Strengths: These are the features of the business or project that give the latter competitive advantage over other businesses in the market. Th ey could include assets, human resource, technological resources and prospects, just to mention a few. Weaknesses: These include features of the business that place it at a disadvantaged position over the other businesses in the market. Weakness could include high employee turnover, unsolved legal disputes, and business restrictions, among others. Opportunities: These are features that the business has its disposition, which could be exploited to its benefit. Mergers and acquisitions are examples of opportunities. Threats: These are elements in the external environment that could have a negative impact on the performance of the business. Currency fluctuations are an example of a threat in the business environment. The four elements of the SWOT matrix are classified into two broad groups of internal and external factors. Strengths and weaknesses fall into the class of internal factors of the organisation, while opportunities and threats are manifested in the external environment. The external factors mainly entail matters of the macroeconomy, socio-cultural, law, and changes in the market environment.Advertising Looking for report on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More In most cases, businesses have no control of the external factors and the only way of dealing with them is by safeguarding or shielding the business or projects from the impact of the external factors. Internal factors mostly entail matters that can be controlled by the business management. The application of SWOT analysis is diversified ranging from projects, profit-making and non-profit making organisations, sole-entrepreneurship, and companies, among others. It is of significance in decision making, especially in cases where the objectives are defined. In addition to this, SWOT analysis can be used in preventing organisational crisis through proper planning of both the internal and external environment. For instance, whe n an organisation is under financial distress, it could use SWOT analysis to identify the affected opportunities and have a pre-crisis plan to prevent the organisation from losing its opportunities. Finally, yet importantly, SWOT analysis is crucial in providing recommendation for project studies and surveys. It is an indicator of the viability of the study or survey. From the above discussion, it can be concluded that SWOT analysis is an important management tool in any organisation. The strategic plans and decisions arrived at after a SWOT analysis help in the achievement of organisational goals and objectives. Despite its significance, SWOT analysis just like any other tool of management, has faced a lot of criticism regarding its performance and application. For instance, SWOT analysis has the drawback of prioritisation and compilation of the factors in the various categories. With this weakness, it becomes difficult to analyse wrongly categorised factors and come up with soluti ons. This report on SWOT Analysis of Every Business was written and submitted by user Brendon Love to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

Love in essays

Love in essays Love is defined as when you seek and foster the goodness of others in the context of their concrete situations. That statement can be interpreted in many different ways. There are many different types of love: self-love, friendship love, erotic love, parental love, love of nature, romantic love, and Gods love. Self-love is when you love yourself, not vainly, but just caring about yourself and you well being. Friendship love is when you and another person love each other in a platonic way. Erotic love happens when two people want to join together in union in both body and mind. Parental love is the affirmation parents make about their kids. Its an unconditional love because parents love their kids no matter what bad things they do. Love of nature is when you respect all of Gods creations, and nurture them. Romantic love is friendship love only on a much deeper level. The two people care about each other so much that they only want to be with each other. Gods love is the lo ve that God has for us. God made everything in his image and likeness, so obviously he loves everything on earth. The movie Forrest Gump depicts all of these types of love, some more obviously than others. Friendship love can be seen in Forest Gump most easily between Forest and Jenny. From the time they first met on the school bus, when Jenny let Forest sit next to her, they became friends forever. They grew up as best friends. They helped each other out when they needed it. They cared about each other. An example is when some local bullies were making fun of Forest and throwing stones at him, Jenny told Forest to run, he did, and then was free from the bullies harm. An example of when Forest was there for Jenny when she needed it was when Jenny was trying to get away from her abusive father. Jenny left her house and with Forest, went into the corn field. He was there to give her support and to try to make her...

What affects development in Bulgaria, Hungary, Lithuania and Poland Research Paper

What affects development in Bulgaria, Hungary, Lithuania and Poland Statistical project (must be done in State program) - Research Paper Example The model had GDP as the dependent variable and energy production (kt of oil equivalent); exports of goods and services (% of GDP); gross savings (% of GDP); imports of goods and services (% of GDP); labour participation rate, total (% of total population ages 15+); life expectancy at birth, total (years); market capitalization of listed companies (% of GDP); real interest rate (%); research and development expenditure (% of GDP); stocks traded, total value (% of GDP); Bulgaria dummy variable; Hungary dummy variable; Lithuania dummy variable; year 1995 dummy variable; 1996D; 1997D; 1998D; 1999D; 2000D; 2001D; 2002D; 2003D; 2004D; 2005D; 2006D; 200D7 and 2008D as the independent variables. The model results demonstrated that a percentage increase in energy production (kt of oil equivalent), ceteris paribus, leads to 0.0003 percentage increase in GDP while a percentage increase in the average of exports and imports of goods and services (% of GDP), ceteris paribus, causes the GDP to grow by 0.017 percent. Further, a percentage increase in gross savings (% of GDP), ceteris paribus, cause the GDP to grow by 0.77 percent while an increase of one percent in labor participation rate total (% of total population ages 15), ceteris paribus, causes a decrease in GDP growth of 0.35 percent. A percentage increase in life expectancy at birth, total (years), ceteris paribus, causes the GDP to increase by 2.9 percent while market capitalization of listed companies (% of GDP) increase by one percent causes a 0.21 percentage increase in GDP. Real interest rate (%) increase by one percent causes a GDP decrease of 0.06 percent while an increase in research and development expenditure (% of GDP) by one percent decreases GDP growth by 0.62 percent. An increase of one percent in stocks traded, total value (% of GDP) causes the GDP to decrease by 0.02 percent. Further, the GDP for Bulgaria was found to be higher than that for Poland by 0.32 percent while that for