Question

Creation of a Product or Service
1. Mention what is the product or service that you are going to create for the project and why
you selected.
 Selected Industry
2. Mention - of the industry to which the product or service belongs - the
opportunities and threats from the external environment; the strengths and weaknesses of
internal environment (SWOT analysis)

Answer 1

SWOT Analysis refers to the comparison of strength, weakness, opportunities, threats.

S- strength is an inherent capability of the organization which is uses to gain strategic advantage over it's competitor

W- weaknesses is an inherent limitation of the organization which create strategic disadvantage to it

O- opportunity is an favorable condition in the organization which enable to strengthen its position.

T- threat is an unfavorable condition in the organization which causes a risk or damage to the organization position.

  

1. I am going to prepare spots items and equipment. For many games likes cricket, football, basketball etc. Because currently people are most attractive to these and everybody enjoy to play games which is an opportunity for business. And their is a high changes of getting successful.

2. Cricket industry such as currently organise Indian premier league ( IPL) that Is a an opportunity for any ground ( stadium) holder, and production and manufacturing companies of such equipment ( bet, stump, ball etc). But on the another hand it is a threat for any party organiser and event planner because of stadiums are not available and no place like that.