2. If youthinkyourbusinesscould be doingbetter, whynot try a SWOTanalysis?
SWOT stands for Strengths, Weakness, Opportunities and Threats
By putting your firm under the magnifying glass in such a fashion you may find
the
way to grow your company
or increase your earnings.
3. Introduction To Swot analysis
SWOT analysis is a strategic planning method used
to evaluate the Strengths, Weaknesses, Opportunities,
and Threats involved in a business.
It involves specifying the objective of the business
and identifying the internal and external factors that
are favorable and unfavorable to achieve that
objective.
Technique is credited to Albert Humphrey,
5. What is SWOT Analysis ?
>It is a non-financial planning tool.
>It links the analysis in terms of advantages and disadvantages; and
the internal and external business environment (in a matrix format).
>The Strengths and Weaknesses are defined by measures such as
market share, loyal customers, level of customer satisfaction and
product quality.
>Opportunities are new potential areas for business in the future, such
as new markets, or new conditions in existing markets.
>Threats describe how the competition, new technology, or other
factors in the business environment may affect the business's
development.
6. > SWOT Analysis is a powerful
technique for understanding
your Strengths and
Weaknesses, and for looking at
the Opportunities and Threats
you face.
> For a business to Expand,
Diversify and Sustain in the
market SWOT analysis is must.
7. Matching and converting
Another way of utilizing SWOT is matching and
converting.
Matching is used to find competitive advantages by
matching the strengths to opportunities.
Converting is to apply conversion strategies to convert
weaknesses or threats into strengths or opportunities.
An example of conversion strategy is to find new
markets.
If the threats or weaknesses cannot be converted a
company should try to minimize or avoid them.
8. STRENGHTS:
good capabilities
capacities of producing good products
products
technologies
R&D efforts
human resources
demand from the client- from the
amount of knowledge
technical skills
9. WEAKNESS:
product mass become obsolete
technology has become obsolete
key management power may not be there
key man power may not be there
The point is not that the company is having weaknesses and
that the company should closedown; the best part is that
whether this company is able to trace this weakness and take
the corrective measures or not.
10. OPPORTUNITIES:
a company can identify new products
the company can go for new sectors
the company can go for new geography
new economy - the company can go and extend their
market
company can take the advantage of the changing lifestyle
can go for the opportunities available technology changing
11. THREATS:
political threats
legislative threat
environmental threat
technology threat
from the partners
joint venture alliances
from the buyers
from the suppliers
from the key staff
How the company is take the advantage - take care of these
threats and go for a counter actions so that the threats are
minimized.
12. Three stages of a SWOT analysis
1. Identify.
2. Draw conclusions.
3. Translate into strategic action.
13. Advantages of SWOT Analysis
Consolidate strengths
Minimises Weaknesses
Helps to Grab Opportunities
Minimises Threats
Facilitates Planning
Facilitates Alternative Choices
Helps to Innovate
Ensure Survival & Success
14. nirma chemicals ltd.
Nirma was a basic detergent with no color, design or
sophistication on the pack the product
Was priced at around 35% of surf.
Price, medium quality, distribution reach and
effective use of media.
Market share grew from 0% in 1976 to about 60% in
1987 in over a period of ten years
It has become the largest selling brand and the
success of nirma is due to affordable p
The title 'NIRMA GIRL' going round and round on
her feet makes a strong impact for the brand
15. STRENGTH :-
Strong brand equity.
Nirma is a rs.17 billion umbrella brand offering consumers a brand
portfolio of products at multiple price points in detergents, soaps &
personal care market.
Market leadership in detergents and fabric wash.
Second largest player in toilet soaps.
Has wide distribution network.
Its strategy of rural marketing is its unbeatable strength.
16. WEAKNESSES:-
-high interest burden.
-less presence in premium segment.
-lacks global tie up
-and thus finds hard to tap export markets.
OPPURTUNITIES:-
-exports.
-acquisitions for strengthening its distribution tie-ups.
-entry into other categories like shampoos, toothpastes and fabric whiteners.
THREATS:-
-MNCs are approaching Indian markets.
-emergence of small but strong regional players.
-brand name products have greater influence over it.
-nirma has been able to niche for itself in the face of intense MNC competition
NIRMA's achievement is surely something about which an
indian can be proud of brand that has lived up to its catch
line; BETTER PRODUCTS ,BETTER VALUE ,BETTER LIVING...!