Question

Tablet market growth is one of the opportunities for Dell. describe what steps you believe the company would need to do in order to turn that 'Opportunity' into a 'Strength

Explain in details

Answer 1

Opportunity of a business or firm is explained as the service, product sale which makes licensee to start a business. Companies have various opportunities in business to have growth of thee firm. For the world famous brand Dell tablet market growth is a opportunity by which thee company can enhance its growth. Direct selling, e commerce, online referral services, consultant for public relations, home inspection are all most common opportunities for a company.

Company can adopt various steeps to make opportunities to be strength for the firm. For a firm strength is explained as capacity off resource off the firm can be used to gain the goals of firm and opportunity is the likely environment for firm. For business changes in culture , consumption pattern can create greater opportunities. Through periodic SWOT analysis identify all opportunities of the firm. Proper discussions should be carried out will suppliers, stake holders to maintain competative advantage. Evaluate various strengths that can be made from the available opportunities. Opportunities should be analyzed proper eely by considering its pros and cons. Try to neglect or minimize the negatives of the opportunities and implement fatly. Ensure culture, values , human resources, competition position , company workflow and other strengths . Maintain track on the SWOT analyzing team. And thus the firm can make strength from opportunities .