SWOT Analysis:
SWOT stands for strength, weakness, opportunity and threats The rationale for conducting a SWOT analysis before proceeding to the development of the strategic plan is to know whether the organization's plan is a good fit for its internal and external situation or not. An organization's internal situation is defined by its strengths and weaknesses. An organization's external situation is defined by its opportunities and threats that exist in the business environment.
Strengths of XYZ fast Food:
An organizational strength is any characteristic or capability that gives the organization competitive advantage.
The following will be the strengths of XYZ fast Food:
Financial resources
A good reputation in the market
High quality product/services
Strong management team
Talented workforce
Faster time to market
Weaknesses of XYZ fast Food:
An organizational strength is any characteristic or capability that is lacking to the extent that it puts the organization at a comparative disadvantage.
Following will be the weaknesses of XYZ fast Food:
Lack of direction
Obsolete facilities
Weak management team
Insufficient skills
Products with decreasing demand
Poor image in the market place
Weak financial position
Poor quality product/services
SWOT stands for strength, weakness, opportunity and threats The rationale for conducting a SWOT analysis before proceeding to the development of the strategic plan is to know whether the organization's plan is a good fit for its internal and external situation or not. An organization's internal situation is defined by its strengths and weaknesses. An organization's external situation is defined by its opportunities and threats that exist in the business environment.
Strengths of XYZ fast Food:
An organizational strength is any characteristic or capability that gives the organization competitive advantage.
The following will be the strengths of XYZ fast Food:
Financial resources
A good reputation in the market
High quality product/services
Strong management team
Talented workforce
Faster time to market
Weaknesses of XYZ fast Food:
An organizational strength is any characteristic or capability that is lacking to the extent that it puts the organization at a comparative disadvantage.
Following will be the weaknesses of XYZ fast Food:
Lack of direction
Obsolete facilities
Weak management team
Insufficient skills
Products with decreasing demand
Poor image in the market place
Weak financial position
Poor quality product/services
