The first thing when students come across the abbreviation SWOT is how does it help a company? The answer is clear and straightforward; it allows the company to understand its strengths, weaknesses, threats, and opportunities. Businesses initially used SWOT analysis, but now every sector like governments, nonprofits, and individuals, including investors and entrepreneurs. Uses it to perform well and expand the business in profitable ways. Students often have to prepare case studies on different companies, and they can write about SWOT analysis of different well-known companies like Apple or Samsung. They can seek Adidas SWOT analysis and Enron case analysis help if they do not know the procedure for writing the case study. Here is how students can perform the SWOT analysis of a company.
The initial step before writing the analysis is to ask a few questions like the following.
Strengths
What is the competitive advantage?
What resources do the company have?
What products are performing well?
Weakness
Where can the company improve?
What products are underperforming?
Where does the company lacking resources?
Opportunities
What technology can a company use to improve operations?
Can a company expand its core operations?
What new market segments can a company explore?
Threats
What new regulations threaten operations?
What do the competitors do well?
What consumer trends threaten business?
Strengths
When you work on a SWOT analysis of a company, the first thing you must do is find out the company's strengths. Students need to determine their strengths by identifying a strong brand, loyal customer base, a strong balance sheet, unique technology, and others that separate the company from others in the competition.
Weaknesses
Students to analyze and find out the company's weaknesses that prevent it from working at optimum level. There are some areas in a business that needs to progress to remain competitive:
A weak brand
Higher-than-average turnover
High levels of debt
An inadequate supply chain
Lack of capital
Opportunities
Another part of SWOT analysis is opportunities. Opportunities mean favorable conditions can give an advantage to a company. For instance, if a country slashes the tariffs, a car manufacturer can export its cars into a new market, increasing sales and market share.
Threats
A company always has some threats which can harm it. For instance, a drought is a threat to a wheat-producing company, as it may destroy or reduce the crop yield. Other common threats include things like rising costs for materials, increasing competition, tight labor supply. And so on.
Students can seek case studies, writing a lab report, and help with personal statement if the case study is complex and they do not know how to prepare the paper.
Conclusion– Case studies are prepared on different companies and need students to write an informative paper and perform excellent research.