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48 Terms

1
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It is a Strategic planning to identify and evaluate the Strengths, Weaknesses, Opportunities and Threats

SWOT Analysis

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Are internal Attributes and resources that give an organization a competitive advantage in the marketplace

STRENGTHS

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are internal factors that hinder an organization’s ability to achieve its objectives.

WEAKNESSES

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are external factors that an organization can capitalize on to enhance its performance, expand its market presence, or gain a competitive advantage

OPPORTUNITIES

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are external challenges or obstacles that can negatively impact an organization’s performance or position in the market.

THREATS

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Unique Abilities or advantages that differentiate an organization from its competitors

CORE COMPETENCIES

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refer to the Physical, financial, human, and  intellectual resources contribute to a company’s strength.

RESOURCES

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strong, can attract customers and foster loyalty.

BRAND REPUTATION

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A loyal and diverse customer base can be a major strength, providing stable revenue and reducing vulnerability to market changes

CUSTOMER BASED

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A strong market share or leadership position in a particular niche can provide advantages in pricing power and distribution.

MARKET POSITION

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Companies that invest heavily in research and development often possess strengths in innovation, leading to new products and services that meet emerging consumer needs.

INNOVATION AND R&D

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Streamlined processes, effective supply chain management, and cost  efficiencies can enhance profitability and responsiveness to market demands.

OPERATIONAL EFFICIENCY

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A solid financial position, characterized by strong cash flow and access to  capital, allows companies to invest in growth opportunities and withstand economic downturns.

FINANCIAL STABILITY

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Organization may struggle with insufficient financial, human, or physical resources.

LIMITED RESOURCES 

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A deficiency in specific skills or expertise within the workforce can impede innovation and productivity.

SKILL GAPS

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Negative perceptions of a brand can deter potential customers and erode loyalty among existing ones.

POOR BRAND IMAGE

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Weaknesses in marketing strategies, such as poor targeting or ineffective messaging, can lead to missed opportunities and low market penetration

INEFFECTIVE MARKETING

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Ineffective processes and systems can lead to increased costs,  waste, and slower response times.

OPERATIONAL INEFFICIENCY

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Frequent turnover can lead to increased recruitment and training costs, as well as loss of institutional knowledge.

HIGH EMPLOYEE TURNOVER

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An absence of clear goals or a coherent strategy can lead to misalignment and wasted resources.

LACK OF STRATEGIC DIRECTION

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Relying heavily on a limited number of customers for revenue can create vulnerability. If one or more of these clients leave, it can significantly impact the business

DEPENDENCE ON A NEW KEY CLIENTS

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Organizations that are slow to adapt to market shifts or technological advancements can fall behind competitors

RESISTANCE TO CHANGE

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Changes in consumer behavior, preferences, or demographics can create new markets or demand for products and services.

MARKET TRENDS

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Innovations in technology can lead to new product developments, improved efficiencies, or enhanced customer experiences.

TECHNOLOGICAL IN ADVANCE

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Changes in laws or regulations can open up new avenues  for business. This may include incentives for sustainable  practices or new industry standards.

REGULATORY CHANGES

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New markets in different geographic regions can provide  significant growth potential, especially for companies  looking to diversify their customer base.

GLOBAL EXPANSION

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Collaborating with other organizations can create opportunities for shared resources, expertise, and market access.

STRATEGIC PARTNERSHIP

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Shifts in consumer priorities, such as a growing focus on health and wellness, can lead to new product lines or services.

CHANGES IN CONSUMER NEEDS

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Economic growth or recovery can provide opportunities for expansion and investment in new projects.

ECONOMIC CONDITIONS

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Identifying areas where competitors are weak or underserved can create openings for new entrants or innovations.

COMPETITIVE GAPS

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Ongoing research and development can lead to breakthroughs that create entirely new markets or significantly improve existing products.

INNOVATION AND R&D

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The emergence of new competitors or intensified competition  from existing ones can erode market share and pressure pricing  strategies.

INCREASED COMPETITION

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Recessions or economic instability can reduce consumer  spending and affect sales, leading to lower revenues.

ECONOMIC DOWNTURN

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New laws or regulations can impose additional costs or  operational challenges, impacting profitability.

REGULATORY CHANGES

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Rapid technological advancements can render existing products or services obsolete, threatening market relevance.

TECHNOLOGIES DISRUPTIONS

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Shifts in consumer behavior or preferences can lead to decreased demand for certain products or services.

CHANGES IN CONSUMER PREFERENCE

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Disruptions in supply chains, whether due to geopolitical issues, natural disasters, or pandemics, can impact production and delivery.

SUPPLY CHAINS VULNERABILITIES

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Increasing cyber threats pose risks to data security, financial  stability, and brand reputation.

CYBERSECURITY RISK

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When a market becomes saturated with products or services, it  can limit growth opportunities and intensify price competition.

MARKET SATURATION

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Political unrest, trade wars, or changes in government policies can create an uncertain business environment.

GEOPOLITICAL INSTABILITIES

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Environmental threats can disrupt operations, damage infrastructure, and lead to increased costs for recovery and compliance.

NATURAL DISASTERS AND CLIMATE CHANGES

42
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a clear need or desire from consumers that is not being adequately met.

MARKET DEMAND

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The practical ability to develop and deliver a solution within available resources and capabilities.

FEASIBILITY

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The opportunity must present a reasonable chance for financial return or growth.

POTENTIAL FOR PROFIT

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The right moment to enter the market, which can be influenced by trends, technological advancements, or changes in consumer behavior.

TIMING

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An opportunity often arises when an entrepreneur can offer something distinct or better than existing alternatives.

UNIQUE VALUE PROPOSITION

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This is the amount of time you have before someone else beats you to the customers. You might have a great idea but if competitors have had the same idea and get  it to the marketplace first, your window of opportunity might be closed.

WINDOW OF OPPORTUNITY

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is defined as a FAVORABLE SET OF CIRCUMSTANCES that can be leveraged to create value, generate profit, or solve a problem through a new or improved product, service, or business model.

OPPORTUNITY