Commonly called Hoshin, the system that company uses involves three key elements to include: external factors, internal factors, and the company's Hoshin (long-term goals). This is significant, because the use of this kind of system; has shown to be effective at variety of organizations. In the case of Toyota, this system has allowed them to become one of the largest automakers in the world. As a result, one could effectively argue that the use of the SWOT analysis will help an organization, evaluate various factors that could have an impact upon the business. At which point, managers can use this information to help the organization adapt to changes that are occurring either in the business or the marketplace. (Liker, 2008, 432 -- 437) Clearly, using SWOT analysis can help a business to fully understand the overall scope of threats that they face both: internally and externally. At the same time, it shows the possible strengths and opportunities for an organization. This is significant, because the use of such a system can have a dramatic impact upon how quickly...
Those businesses that can adapt quickly to these changes can use this information, to adjust to new opportunities and changes before everyone else. The above example of the Toyota Motor Company highlights to how SWOT analysis can help an entity be able to maintain its dominance, while responding to changes. In many ways one could effectively argue, that the use of this system has allowed the company to maintain its competitive advantage. As a result, this why so many organizations consider SWOT analysis to be such a vital tool, in spotting short- and long-term changes in their business.
SWOT Analysis: AMAZON.COM Amazon.com is one of the largest online stores offering everything from books to CDs, to toys to tools and prescription drugs. Below is a SWOT analysis of this Amazonian online store which has carved a niche for itself in e-commerce and has managed to change the very definition of the term: American corporation. Strengths: Amazon.com believes in diversity and unlike the restricted approach of its starting days, Amazon is now
At one point the quality problems with data management and cloud-based virtualization strategies at Zillow were so significant the company had to completely redefine their it architecture (McDonald, 2006). Another significant weakness the company has had to contend with is the continual churn of customers across free and fee-based services (Zillow Investor Relations, 2012). Churn continues to drop Customer Lifetime Value (CLV) and eventually reduces the company's tock price over
SWOT analysis is Merrythought's four core business areas including human resource, finance, operations, and marketing, by looking at the strengths, weaknesses, opportunities, and threats. These are indicated in the table below. Marketing Operations Finance Human Resource Strengths Merrythought is an established and recognized name in the UK, Established brand as quintessential English teddy bear, Strong local market from departmental stores and independent retailers, Niche market from up-market client base, Half of their consumers are collectors who pay premium for teddy
SWOT Analysis: Bed & Breakfast Bed & Breakfast Since 2011, a new quaint bed and breakfast business in California's central coast opens, called Charmed. Located in Santa Cruz, California along Monterey Bay, its meager beginnings wowed the locals, which created quite a demand. However, Charmed became concerned, as another nearby bed and breakfast business opened shortly thereafter. Undoubtedly, the wine country area was an ideal location that parlayed many other quaint and
SWOT Analysis: Southwest Airlines Southwest Airlines, having a well-established business incarnation throughout the United States is among the most competitive passenger airlines in terms of pricing strategies and customer services. The company has always been pursuing a growth strategy for its business operations in the local market. Currently, it has customers from all over the United States that consider it a low cost quality airline service provider. The company operates with
The automobile industry is one of the most significant sectors in the United States economy given the role cars and other automobiles play in the nations public transportation system. An important aspect of the U.S. automobile industry is the car services sector, which is crucial in the nation's public transportation. Apart from the role of cars in public transportation, they also act as status symbols for many Americans. The car
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