What Is SWOT Analysis? Also Describe The Strengths & Weaknesses Of XYZ Fast Food Company.


2 Answers

Syed Rizwan Ali Shah Hamdani Profile
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
Subra Ganesh Profile
Subra Ganesh answered
SWOT Analysis, sometimes known as the TOWS Matrix, is a strategic planning tool to evaluate the Strengths, Weaknesses, Opportunities, and Threats in a project, a business venture, or any other situation of an organization or individual requiring a decision in pursuit of an objective. It monitors the marketing environment, internal and external to the organisation or individual. The technique is credited to Albert Humphrey, who led a research project at Stanford University in the 1960s and 1970s using data from the Fortune 500 companies.s.

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