To fully analyse the Macro business environment, one must look at:
*Please note that all answers are according to the information acquired during the interview with the owner*
Strengths: The fact that the business is owned and run by family only means that all employees are fully committed to the business. They rely on hard work and dedication in order for the business to succeed. This means that the human resources of the business are at the strongest possible level, and that there is a limited chance of failure due to a lack of dedicated employees. Staff have also been described to be extremely dedicated towards their work, and are professional in the way they conduct their allocated tasks within the business itself. The business’ main source
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One weakness noted was a lack of exposure to a broader market. Due to the fact that the business is small and family-owned, advertising is almost impossible due to the high expense. The lack of advertising therefore means that the business finds it very difficult to contract new clients, meaning that their client base remains relatively similar in size over the years. Also, the company is not generating enough income for them to consider advertising, so for the foreseeable future, their expansion will be extremely …show more content…
This means that Lihle Izulu Enviro Care has various competitors of which they must be aware. Their business specifically has to compete with government firms such as Pikitup, as well as other local businesses which are within the same industry. Another threat to the business are the locals who search through corporate dustbins for the recyclable materials. If they find these materials before the business does, it means that there is a lower weight of recyclable materials which the business can then sell to the recycling plants, lowering their income for that specific period of time. Although competition poses a huge threat to the business, they believe they stand out from their competitors for the following reasons: they are reliable, enjoy and have a passion for what they are doing, and they have a vision of teaching the general public, including school children, about alternative business techniques and how they are beneficial for the
Customer Service – Baldwin invested heavily into the sales and promotional budget in the first few years of the firm. Therefore we were able to create excellent customer awareness and product accessibility. From the 1st year we were able to recognize that each segments of both promotional and sales budget responded differently to each media type. Therefore we assigned the necessary funds that would strengthen our reach and frequency. These initial investments kept us going even when we had to reduce the marketing budget in year 4.
The company could expand even more to increase their market share. They must keep communications open through their relationships to avoid miscommunication and confusion. References Karniel. A and Reich.
I hope to help both individuals and small businesses in my community grow and be financially successful. I plan to add Value to the clients and communities by tailoring each individual portfolio to match the industries of interest of the client, and try to support local businesses through development opportunities and using my network to give access to essential business connections and services. 2. Please detail the types of prospective clients you believe will allow you to build your business to fulfill your vision. I plan on reaching out to young working professionals who have recently entered the workforce, using my network connections within the hospitality industry to find those who need financial guidance. I also plan to reach out to the rural communities, such as farmers and small businesses, to give opportunities for investment and growth.
Highly qualified employees + + + + Sustainable competitive
I. Strengths of TARGET Corporation Target Corporation is one of the largest and oldest public discount retailing company operate in the United States. The company founded in 1902’s by George Dayton (as also known as Dayton Dry Goods in 1962’s). Target store has a huge store footprint and enjoys considerable brand recognition. Target’s portfolio of owned and exclusive brands is also its strength, which allow retailer to a valuable differentiating lover in high competitive retail environment.
(SME report, pg.no-3, 2016 and NZ treasury, pg.no-33, 2007). In addition to this, here the business always demands to recruit the best skilled people and who uphold their indigeneity, having mutual respect with clarity, honesty and objectivity with high professionalism (tpk-business
Their strengths are good food, reasonable price, high customer traffic, clean atmosphere, family run and operated. However, their weaknesses were; lack of management expertise, lack of accountability, inefficient human resources management skills, lack of innovation and therefore missed growth opportunity, and a hostile working
A-Four support activities: 1- firm infrastructure and finance : -Strong brand, product, marketplace solution, delivery and support. (brand value from 35$ in 1973 to 10.7 billion in 2014 ). -Empowerment of top management –geographic structure. -Low debt, short term debt 2.9 billion, and long term debt 1.1 billion. Cash in hand 2.2 billion.
SOWT analysis : It’s the most famous tools for analysis and planning organizations, analyzes the work place , internal and external suppliers and competitor agents and others laws. The tool classifies those factors positive or negative factors. The negative and positive exploited were dealt with. The analysis of strengths, weaknesses, opportunities and threats and known as the SWOT acronym for Strengths, Weaknesses, Opportunities and Threats SWOT simply are internal factors and falling within the scope of control of the company.
Managing with agility- Dealing with opportunities and issues in a swift and efficient manner allows an organisation to thrive. Succeeding through the talent of people- Encouraging and valuing employees to progress and achieve their professional and personal goals keeps an organisations workforce focussed. The eight concepts of excellence then form the foundation for the criteria of the model.
They developed a back-office accounting software product. They believed that flat organisational structure, collegial culture would strengthen employee morale and also heighten company performance. With 25% of client renewal rate and most of the clients retained services for at least 4 years, the firm earned good revenues. It had about $100 million in revenues and 400+ employees in its regional offices. The founders retired and the new CEO looked for young sales directors.
In addition, open more stores in crowded location, particularly on big cities such as Tokyo, London, Hong Kong. Pop up stores in festivals/carnivals in those particular cities would increase more attention from the customers. Product The product must target on an all age range of the customers with high quality. The company should have product that meet the demand of customers, group product for couples, families, friends would be a great way to increase the production line.
The enterprise’s competitive advantage is their excellent customer service which requires “highly motivated staff” in order all of tasks required to provide the service with high quality. The enterprise has its own culture which
One of their key strategies in meeting this goal is a focus on customer service in order to create an experience for its consumers. Another one of their strategies is to ignite their emotional attachment with consumers. They also have
At first these companies has incur lot of expenses in the form of business modelling, testing and marketing their concept. Since, these companies are very small and initially operated and financed either by an individual or by partners together thereby the companies face many challenges with limited resources availing with ample opportunities. Now, if we see