Swot analysis

Satisfactory Essays
Tutorial 5 Management

The SWOT analysis is the identification of a business’s strengths, weaknesses, opportunities and threats. To accomplish the restaurants goals, this analysis has to be done in order to understand where the business is at that moment in time. (Robbins, Berg, Stagg, & Coulter, 2012) asserts that “ planning involves defining organizational goals, establishing an overall strategy for achieving goals). That is, without planning, goals cannot be established. Thus, using the SWOT analysis to determine their strengths, weaknesses, opportunities and threats, the restaurant can try accomplish their goals by forming new strategies.
The restaurant has a variety of strong areas that it can rely on to enable the effective running of the business. These strengths are; firstly, the location. Being next to the university is a major advantage as there are no other major outlets in the area meaning most people have no choice making it a monopoly.
On the other hand, one major weakness that counters its strengths’ is the lack of planning. No planning leads to lack of strategies or unclear strategies being made causing ineffectiveness. Another weakness includes the fact that the restaurant has made itself vanurable to competitive pressure since the customers are not satisfied. Meaning they will look for alternatives in the near future.
Opportunities are random. A company has to oversee its opportunities to expand their business and thus arising effectiveness ( Nidumolu, Prahalad, & Rangaswami, 2009). The restaurant in particular has an opportunity to expand courses to meet the broader range of customer needs. For example, it may develop an new ordering and waiting system to avoid customer dissatisfaction. Another opportunity is the one year guarantee to move to a better strategic group or plan by taking time to assess their limitations.
The lack of alliances and communication with the government acts as a threat to the restaurant. The government may

You May Also Find These Documents Helpful

  • Good Essays

    Swot Analysis Swot

    • 793 Words
    • 4 Pages

    SWOT analysis From Wikipedia, the free encyclopedia Jump to: navigation, search A SWOT Analysis is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture or in any other situation of an organization or individual requiring a decision in pursuit of an objective. It involves monitoring the marketing environment internal and external to the organization or individual. The technique is credited to Albert Humphrey…

    • 793 Words
    • 4 Pages
    Good Essays
  • Best Essays

    SWOT Analysis

    • 2678 Words
    • 9 Pages

    Introduction In the present age, businesses have to intensive analysis themselves to improve shortcomings and get higher profit; SWOT analysis is a good way to choose. This essay will introduce the definition of SWOT analysis and the background of why people use it frequently. After that, there will be few examples to proof the opinions of SWOT analysis will help enterprises a lot on proving of their management and strategic planning. The merits and shortcoming when using this process will also…

    • 2678 Words
    • 9 Pages
    Best Essays
  • Satisfactory Essays

    SWOT Analysis

    • 608 Words
    • 2 Pages

    Administration Professor Concepcion March 17, 2015 SWOT Analysis A SWOT analysis is a tool to identify the strengths, weaknesses, opportunities and threats involved in a business. Strengths mean characteristics of a business in advantage over others, while weaknesses are disadvantages relative to others. Opportunities mean elements that a business can exploit for its development, while threats are trouble will be face to. SWOT is to carry out the environment analysis and separate information into internal…

    • 608 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    SWOT Analysis

    • 582 Words
    • 3 Pages

    Assignment Course title: Strategic Management Topic: SWOT analysis of Excusive event management and catering. Submitted To, MD.Rakibul Hasan Lecturer of Prime University Dhanmondi Annex Dhanmondi Submitted By, Md.Hasnaine Akanda MBA, 33th Batch ID: 132020130 Definition of 'SWOT Analysis' A tool that identifies the strengths, weaknesses, opportunities and threats of an organization. Specifically, SWOT is a basic, straightforward model that assesses what an…

    • 582 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Swot Analysis

    • 767 Words
    • 4 Pages

    Creative Use of S.W.O.T Analysis [edit] Strategic Use: Orienting SWOTs to An Objective Illustrative diagram of SWOT analysisIf SWOT analysis does not start with defining a desired end state or objective, it runs the risk of being useless. A SWOT analysis may be incorporated into the strategic planning model. An example of a strategic planning technique that incorporates an objective-driven SWOT analysis is SCAN analysis. Strategic Planning, including SWOT and SCAN analysis, has been the subject…

    • 767 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Swot Analysis

    • 1235 Words
    • 5 Pages

    SWOT Analysis Opportunities The Bank is very well placed with a good and assured customer base from the level of the government and the public sector business. Many patriotic Nationals will do business with Sample Bank Ltd because they know that the profits of the Bank belong to the people of the country and are used for the country’s development. The availability of modern telecommunication systems and technology will facilitate the improvement and strengthening of the Bank’s international business…

    • 1235 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    Swot Analysis

    • 1686 Words
    • 7 Pages

    SWOT Analysis is a strategic planning tool used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. The technique is credited to Albert Humphrey, who led a research project at Stanford University in the 1960s and 1970s using data Strategic Use: Orienting…

    • 1686 Words
    • 7 Pages
    Satisfactory Essays
  • Good Essays

    Swot Analysis

    • 788 Words
    • 4 Pages

    Conducting a SWOT Analysis A SWOT Analysis takes is a method for examining the Strengths, Weaknesses, Opportunities, and Threats facing a business. It can give you insight into your company's position in the competitive arena. When carrying out a SWOT analysis to determine how you rate against a competitor, the following guides should be used: Strengths Consider your company's strong points. This should be both from your own and your customers' points of view. Don't be modest; be realistic…

    • 788 Words
    • 4 Pages
    Good Essays
  • Good Essays

    SWOT analysis

    • 688 Words
    • 3 Pages

    SWOT analysis, with its four elements in a 2x2 matrix. SWOT analysis (alternately SWOT Matrix) is a strategic planning method used to evaluate the Strengths, Weaknesses/Limitations, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that objective. The technique is credited to Albert Humphrey, who led a convention…

    • 688 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    swot analysis

    • 684 Words
    • 3 Pages

    SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieve that objective. The technique is credited to Albert Humphrey, who led a convention at Stanford University in the 1960s and 1970s using data from Fortune 500 companies.…

    • 684 Words
    • 3 Pages
    Satisfactory Essays