Question

Strengths and Weaknesses
Companies conduct a SWOT analysis to analyze their strengths, identify the weaknesses, evaluate the risks, and seize available opportunities. Depending on the outcomes of a SWOT analysis, companies may try to convert their weaknesses to strengths, minimize the risks, and maximize the opportunities.
List a company's key strengths and weaknesses. How can you overcome the weaknesses to convert them into strengths?

Value Chain Analysis

Every successful company performs value-creating activities, which combine to form the company's value chain. These activities are internal to the company and integral to its ultimate success in strategy execution.

What did you identify while conducting a value chain analysis of this company?

Answer 1

SWOT Analysis(Strengths, Weakness, Opportunities, Threats) is a method of assessing a business its resources and its environment. doing an analysis of this type is a good way to understand a business and its markets and can also show potential investors that all options open to or affecting a business at a given time.The essence of Swot analysis is to discover what you do well; how you could improve; whether you are making the most of the opportunities around you and whether there any changes in your market.

The company's strength can be determined by what you believe are the strenghts of your business. These are in terms of your staff, products, customers loyalty, processes, or location. Evaluate what your business does well it would be your marketing enterprise your environmentally friendly packaging or your excellent customer service. it is important to try to evaluate your strenght in terms of how they compare to those of your competitors.

The company's weakness can be recognised by looking at every asspect of your business. ask yourself whether your products and services could be improved. think about how reliable your customer service is or whetheryour supplier always deliver exactly what you want when you want it. Companise can overcome there weakness to strenght by boosting up your system and making that changes happen rather than looking about for someone to blame.

Value Chain Analysis is a usefull tool for working out how you can create the gratest possible value for you customers. In business we are paid to take raw inputs, and to add value to them by turning them into something of worth to other people. Value Chain Analysis is a tool that helps you to identify the ways in which you create value for your customers and then helps you think through how you can maximize this value whether through superb products, great services etc.