Analyzing SWOT is a helpful technique to realize ICBT strengths and weakness and also to identify the opportunities and challenges. In the context of xxxx business activities, a SWOT analysis will pave the way to carve a niche in the market. It also help to develop individual career opportunities taking advantage of individual talents.
SWOT is very powerful as with little thought it will pave the way to find opportunities. By realizing weaknesses of XXXX it can manage and get rid of pressure prevailing in business activities. Understanding XXXX and its competitors using the SWOT structure XXXX can plan strategy that would differentiate XXXX from its competitors.
Weaknesses and strengths are often internal matters and challenges and opportunities are external issues. Therefore, SWOT analysis is sometimes called Internal-external analysis. It is necessary to consider strengths and weaknesses from the point of view of customers.
In the event XXXXX competitors provide high quality services, then high quality service is not a strength of XXXXX. It has to consider what services to improve, what services to avoid , what factors lose ICBT sales etc. XXXX has to make changes in technology. It has to adjust to government policy related to the field and has to recognize social patterns, population profiles, lifestyle changes and so on.
XXXX approach should be to looking at opportunities as well as strengths. Alternatively look at weaknesses and see whether XXXXX could open up opportunities by eliminating them. Challenges at present are quality standards or specification of services, technology changes, cash-flow and bad debt problems etc. When looking at challenges and opportunities cannot be overlooked the external factors such as new government regulations.
XXXX strengths are it can respond quickly since XXXXX does not have to wait for long for management approval. XXXX can provide good customer care as staff has plenty of time to devote for customers. XXXXX employees are well equipped with information technology skills. It can change directions quickly so that XXXX can provide value added services to its customers.
XXXX weaknesses are it has little market presence or reputation at present and it is necessary to develop in this area. XXXXXX staff is small and skills are not adequate in many area. XXXX services are affected due to staff being sick or on leave. XXXX cash flow is unreliable.
XXXX business sector is expanding with many future opportunities for success in the filed. Competitors of XXXX is very slow to adopt new technologies. Challenges of XXXX are development in technology may change this market beyond its ability to adapt. There is a possibility a small change in a large competitor might wipe out any market condition XXXX has created.