Strengths / Weaknesses / Opprtunities Threats Analysis Week 2 DQ #2

Week 2 DQ #2 Ian Hosein MGT 521 / MANAGEMENT 12/13/2012 Samuel Cunningham Week 2 DQ #2

What are some potential strengths, weaknesses, opportunities, and threats a business should consider in a strengths, weaknesses, opportunities, and threats analysis? How can a business benefit from gathering this information? A business should consider capital gains since we live in a strong capitalistic society. Strengths should be everything stated from successful business men examples stated in Chapter 8 of Robbins and Coulter. There should be strong planning to deal with different situations therefore when something unexpected happens the company has fallback or in other words a strong plan to suit everyone’s needs. Lost Weekend needs to examine products and what is the next step in selling a product. Designer Sunglasses was recently a new addition and they are selling at half the price of Saturday’s Surf NYC yet they have the same quality. The extra research a company does is crucial. The next product will be hats. High Quality Twill hats with logos on them and we are currently examining how other companies sell these consumers. I know for a fact strong strategic planning even one event such as a company holiday party can increase revenue for those involved. Weaknesses can be poor planning, lack of communication, and failed service providing. Chapter 8 does a great analysis of how businesses function on different levels and how the possibility of celebrity and even presidential endorsements can come from this. A business can benefit from gathering information because its market research on the consumer they’ll know not to buy cheap and sell high. Lost Weekend NYC takes the extra time to buy high quality and sell it at a fraction of the price of the nearest competitors.

I certify that the attached paper is my original work. I am familiar with, and acknowledge my responsibilities which are part of, the University of Phoenix Student Code of Academic Integrity. I affirm that any section of the paper which has been submitted previously is attributed and cited as such, and that this paper has not been submitted by anyone else. I have identified the sources of all information whether quoted verbatim or paraphrased, all images, and all quotations with citations and reference listings. Along with citations and reference listings, I have used quotation marks to identify quotations of fewer than 40 words and have used block indentation for quotations of 40 or more words. Nothing in this assignment violates copyright, trademark, or other intellectual property laws. I further agree that my name typed on the line below is intended to have, and shall have, the same validity as my handwritten signature.

IAN HOSEIN

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s