Please use the company and describe how you would apply SWOT analysis in the com
ID: 458484 • Letter: P
Question
Please use the company and describe how you would apply SWOT analysis in the company created. Please write for each one and the company is charitable organization, Example : make a wish foundation
1. Strengths of your new business (discuss the need and why you are entering this industry)
2. Opportunities involved in your new business (what other areas you can venture into once your business has become successful.
3. Weaknesses of your business (what will cause you to experience the most difficulty in your new business)
4. Threats to your business (what other competitors could affect your business and what other potential products could affect your business.
Explanation / Answer
To understand these business models you must first learn about how they operate. Major earnings through sponsors and corporate tie ups and funding, secondary income through donations made by public & lastly through organizing events.
Strength
Weakness
Opportunities
Threats
Strength
Weakness
- Non-profit corporate funded organization
- Too many organizations in this field makes up confusing for the sponsors to rely upon
- Needs goal and vision to survive unlike other start-ups with continuous work
- Growth factor in terms of financials is limited
- Public support and cause helps to uncover the tiniest possible opportunity
- Corporates and different government has certain different rules. I.e. in India corporates have to compulsory invest in CSR. This has led to ITC,P&G,HUL & some other organizations bring up a CSR branch of their own
- Media coverage and reports cause greater impacts in people's lives
- It’s impossible to work in war trodden countries and those which believes it as religious conversion method
- People working in this type of organization are mainly focused about their cause and dedication
Opportunities
Threats
- Increasing globalization and peer pressure in competition has led the companies to compete in one more arm and here comes building block of these foundations
- Too many organizations working in the same field, will have to strategically work in order to survive
- Big and small organizations everyone tries to join hands with such organization as a result of continuous advertisement and media coverage
- Any opportunity misses would create a huge loss for the company as competitors would be aggressively use this to grow and promote themselves to the investors
- Continuous increase in funding and peoples donation count in increases day by day enabling to reach to the masses
- Finding likeminded people to serve in the organization is difficult. A person without zeal and motive wouldn’t work in his full potential
- 100% wavier in tax in some countries also allows one to easily expand such business without hassles. Even government paperwork takes less time
- Tie up or loose game is being played in this type of business. If you don’t tie up with other NGO in certain area it would be very difficult to promote and work. This also results in divided growth