SWOTT Analysis

SWOTT Analysis

Introduction to the Company

The company which is being analyzed for the purpose of exploring its strengths, weaknesses, opportunities and threats is XYZ Company. XYZ Company is associated with event management business. The company basically generates profit from the event management functions and utilizes the revenue for training and promoting the vocational work for young people who possess disabled backgrounds in the Community Interest Company. The company works with a philosophy of becoming a successful business along with making itself prominent in the social working enterprises. XYZ Company tends to commit itself for changing the lives of young people by providing them with the various opportunities to gain training and development through various programs.

SWOTT Analysis

S.W.O.T.T. Analysis for …

Internal forces and trends considerations (S.W.):

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Strategy

The company possesses a clear and long term strategy.

The strategy of company lacks proper implementation.

Structures

The structure of the company is well organized.

The structure of the company does not allow its employees to work innovatively.

Processes and systems

The processes of the company are extremely up to date.

The up to date systems require extensive trainings for the staff.

Resources

Company possesses immense resources in the form of human and financial capital.

The company apparently lacks the ability to exploit its extensive resources.

Goals

The goals of the company basically relates to the achievement of a leadership position within the event management industry.

The goals of the company are established; however the implementation of plans towards the achievement of goals does not seem to be relevant and effective.

Strategic capabilities

The company is strategically capable.

The strategic capabilities of the company are not being utilized properly.

Culture

The culture of the company is extremely positive.

The culture of the company seems quite restricted to the innovations.

Technologies

All the rapid technologies are being utilized within the company.

The utilization of advanced technologies creates problems for the staff. The lack of training increases the problems.

Innovations

Company attempt to innovate within the field of event management.

The innovations are not appreciated as they must be.

Intellectual property

The company posses the intellectual property in the form of its experience and professionals.

The intellectual property of the company is not being exploited to gain the maximum advantage.

Leadership

The leadership of the company is extremely competent.

The leadership of the company is resistant to change and innovations.

External forces and trends considerations (O.T.T):

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Legal and regulatory

To enhance the regulations of the industry.

The regulations related to the industry do not permit many innovations.

The legalities of the industry can become complex over time.

Global

To expand globally.

To deal with the local requirements locally.

To understand the local events of various countries.

Economic

To attain economies of scale in business activities.

The underlying recession.

 Inability to deal with economic hardships.

Technological

To exploit the technological advancements.

To become out dated.

Inability to handle rapid advancements in technology.

Innovation

To innovate and become market leader.

The underlying competition.

The inability to manage innovation and change.

Social

To gain market reputation socially.

The intense competition.

Lack of understanding of social events globally.

Environmental

To promote 'go green' event management.

The regulations regarding environmental impacts of various events.

The growing environmental threats.

Competitive analysis

To exploit various opportunities and become market leader.

The experience of competitors.

The innovations and change management of competitors.

Monitoring Proposed Strategic Plan

The communication and ...