...SWOT ANALYSIS AND STRATEGY EVALUATION Erica Hite PHL/320 MAY 11, 2015 Linda Fisher-Lewis SWOT ANALYSIS AND STRATEGY EVALUATION SWOT Analysis SWOT is the abbreviation for Strengths, Weaknesses, Opportunities, and Threats. A SWOT Analysis is a planning method that is very structured and is utilized in the evaluation of the strengths, weaknesses, opportunities, and threats of an entity, such as a business organization. Gambling Industry Gambling is the wagering of something of value, usually money, on the outcome of an event (horse races), or a game (lotteries, slots. Table games). Many criticize gambling, gambling still faces many Legal restrictions in the United States. The Gambling industry makes a total contribution of 240 billion U.S. dollars to the U.S. economy annually. The gambling industry directly employs 700 thousand people worldwide. The gambling industry has forecasted to reach approximately 400 billion U.S. dollars in 2015. The following is a SWOT Analysis of the Gambling Industry: Strengths In a SWOT Analysis, strengths are the advantages that an organization enjoys over its competitors. These are the factors that are used by an organization to boost its competency in the market. The gambling industry has many strengths. One of their strengths is their asset leverages. Meaning they get to use their assets to be able to expand their business and improve their market shares. Marketing is very important for the gambling industry. They want...
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...SWOT and Strategy Paper PHL/320 6/8/2015 SWOT and Strategy Paper Retail companies, like other businesses, often use SWOT analysis to evaluate their companies. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis for retail is a detailed look at the retailer’s strengths, weaknesses, opportunities and threats vs. there competitors. The internal factors that affect company’s success and failure are the Strengths and Weaknesses of a company. Opportunities and Threats are external factors that show a firms growth. The success or failure all depends on how well the customers see the products being. There are many positives and negatives that retail stores face all the time with product, quality, and customer service. The first step in doing a SWOT analysis for an online retail is indentifying certain strengths that the company has. The strengths a lot of online companies have are unrestricted services/24-7 operation, Labor and time saving, less cost/affordable. On-line shopping can be accomplished without any restrictions. The way technology is with online shopping, gives the consumers the ability to select and purchase whatever at anytime and anywhere. Online gives the ability for the business to offer anytime service which helps for people that can’t make store hours and don’t have an efficient and effective location to go to. Labor and saving time is a big strength for online companies because consumers can save the cost and time. The customers...
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...SWOT and Strategy Evaluation Paper Tonja Evans PHL/320 September 21, 2015 Steven Mersereau SWOT and Strategy Evaluation Paper Gambling in the United States along includes about 3,000 establishments and an annual revenue of a little less than $100,000. Worldwide, gambling generates over $450 billion in annual revenue, according to Global Betting and Gaming Consultants. Gambling industries includes casinos, state lotteries, bingo parlors, electronic betting arcades, electronic horse racing, online gambling and sports bookmakers. This industries includes casino operations of casino resorts and hotels as well. The demand for gambling is driven by consumer’s growth and state spending and profit depends on efficient operation and effective marketing. The competitive landscape of the industries in the United States is concentrated ad the top 50 companies account for about 60% which lead hotel casino more concentrated and about 90% of revenue out of the 50 companies. The Product, Operation and Technology is slot machines, table games, such as roulette, blackjack and poker (both table and video) in a place to play games of chance. The operation of casino involves gambling machines, training and supervising dealer and cashiers, entertaining customers, and managing cash. The industry attract and retain customers and some casino business to operate in hotel that can accommodate large numbers of guest such as Las Vegas, and Atlantic City. These hotels can house up to 6,000...
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...A. Giới thiệu về công ty Tầm nhìn : Trở thành chuỗi cửa hàng tiện lợi cho mọi quốc tịch được ưa chuộng nhất tại Việt Nam. Mục tiêu : Mục tiêu của doanh nghiệp này là mở 550 cửa hàng tại 20 tỉnh thành vào năm 2015, thông qua nhượng quyền cho các đơn vị trong nước. Sứ mạng: luôn không ngừng tìm kiếm những giải pháp tối ưu để mang đến cho khách hàng những trải nghiệm mua sắm thú vị, an toàn, tiện lợi với nhiều lựa chọn về sản phẩm và thức ăn nhanh chất lượng, cùng phong cách phục vụ nhanh và thân thiện để có thể đem đến những giá trị tốt nhất cho khách hàng bằng cách đáp ứng các yêu cầu đa dạng của khách hàng và phục vụ họ ngày càng tốt hơn. Khách hàng mục tiêu: Giới trẻ Việt Nam và người nước ngoài tại Việt Nam. B. Phân tích môi trường vĩ mô I. Yếu tố kinh tế a) Mức tăng trưởng kinh tế (GDP) Năm 2012 đạt mức 5.03% thấp hơn so với 2011 0.86%. Mức lạm phát trong năm 2012 đã được kiềm chế cũng đạt mức khoảng 6.81%. Trong năm 2013, dự báo lạm phát sẽ phải tăng lên, mức tăng trưởng kinh tế dự báo cũng sẽ tăng nhưng không nhiều, khoảng 5.5%. Trước tình trạng lạm phát cao và mức tăng trưởng kinh tế thấp như vậy của nền kinh tế Việt Nam do bị tác động bởi khủng hoảng kinh tế thế giới, sức cầu trong nước sẽ giảm, ảnh hưởng đến đầu ra của doanh nghiệp. Tình hình kinh tế đang trên đà phục hồi nhưng cũng phải mất 2 đến 3 năm nữa, do đó Circle K còn phải gặp nhiều thách thức trong giai đoạn kế tiếp. Tuy nhiên, tình hình tăng trưởng trên là do tác động của khủng hoảng kinh...
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...SWOT and Strategy Evaluation Paper PHL/320 April 25, 2016 Chris Mendoza SWOT and Strategy Evaluation Paper In today’s world, smart phones has become a vital part of daily life as is having a internet at home and work. The Telecommunications Services has three sectors of business which include wireline, wireless and technology. With today’s globalization, most businesses have difficulty without the services of the technology. Although even today, smart phone usage does not account for the large numbers of families without direct access to the Internet. Due to reductions in price for usage and the ease of use from satellites and fiber optics, Internet now provides easy access to users all the over the world. The Telecommunication Industry (Telecom) is providing fast and easy access to Internet and other related services to everyone, including businesses, homes and access wirelesly. The various companies in this Industry are providing services through wired and wireless connections. The major U.S. companies are: Verizon, AT&T and Comcast. Japan based are Nippon and Telephone cooperation. Italy provides Telecom Italia and Telefonica from Spain. Broadband development is on the rise all over the world and in Nigeria it has become a new growth frontier for their nation’s economy (Azeez, 2016). The profitability of the organizations in this Industry depend on how it markets its services and efficiency of operations. The bigger providers are earning profits on a larger scale in...
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...SWOT and Strategy Evaluation Paper: Gambling PHL/320 07/21/2015 SWOT and Strategy Evaluation Paper: Gambling Fancy cars, extravagant vacations, expensive jewelry, and a bigger house; we all wish for these things and wonder how we will ever make them a reality. Growing up we all heard that ‘the grass is always greener on the other side.’ This is even truer as an adult since we all want something that we don’t have. To some people, gambling is the only way that dream will ever happen. All they need to do is win one more time or win just a little bit more money. However, most people will not stop at just one more time. It turns into a never-ending cycle. If it is used for the good of society it can be a completely healthy hobby that really adds to society. |Strengths |Weaknesses | |Gambling become socially acceptable |Large capital investments | |Key source of revenue for States |High debt-to-equity ratio | |Increased US tourism spending |Gambling addiction | |Increased casino hotel revenues |Gambling can lead to health issues ...
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...Strategic Plan: The Cheesecake Factory STR 581 March 31, 2014 Dr. Patricia Dues Strategic Plan: The Cheesecake Factory Table of Contents Executive summary 3 Mission and Vision Statement 3 Company Overview 3 Environmental Scan 4 External Environmental Analysis 4 Internal Environmental Analysis 5 Value Disciplines 7 Generic Strategies 8 Grand Strategies 8 Recommended Strategy 9 Implementation Plan 9 Objectives 10 Functional Tactics 10 Action Items 11 Milestones and a Deadline 12 Required Organizational Change 12 Risk Management and Contingency Plan 12 Conclusion 13 References 14 Executive Summary Mission and Vision Statement The mission of The Cheesecake Factory is to create an environment where absolute guest satisfaction is the highest priority. The vision statement is as follows: Through a shared commitment to excellence, we are dedicated to the uncompromising quality of our food, service, people and profit, while taking exceptional care of our guests and staff. We will continuously strive to surpass our own accomplishments and be recognized as a leader in our industry. (The Cheesecake Factory, 2014) Company Overview “The Cheesecake Factory restaurants provide a distinctive, high quality dining experience at moderate prices by offering an extensive, innovative and evolving menu in...
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...Orin Suknanan University of Phoenix MGT/449 Carolyn H. Flynn What is a SWOT analysis? Consider an organization you are familiar with or an organization you select through research. How would a SWOT analysis be incorporated into the quality process during the planning phase? A SWOT simply stands for: Strengths, Weaknesses, Opportunities, and Threats. Each area forms a box on a grid and you fill in each section to help formulate a marketing strategy. Strengths and weaknesses focuses your business to look internally at what your business can do. Many business are great at looking inward but fail to look outside their company. Threats and opportunities are external; focusing on the conditions of the real-world. This is where a SWOT analysis is helpful. It challenges you to see beyond your company walls to determine what opportunities are open for your company and how to capitalize on your strengths. The type of organization I am familiar with is being an "entrepreneur". I feel that when an entrepreneur comes across an opportunity to open a new business, there is a lot of planning that must be done in order to be successful in the new venture. I think that one of the first steps he/she must take is creating a business plan. After the plan is created A SWOT analysis can be used to determine if the business plan will help the company succeed. This is a technique that is used to identify the internal strengths, and weaknesses of the idea. References http://www.investopedia...
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...Case you are critiquing: For each of the major points below, comment on how well the case analysis team addressed each. This critique should not exceed three pages when complete. 1. Situation Analysis – how well was the SWOT analysis completed? Was there any missing information? Did the students clearly label what was internal and external to the case? Overall, the team did a good job identifying the main points of the situation analysis. However, it did not clearly label which points are internal and which are external to the case. We would also recommend including the following missing points into SWOT: One of additional strengths that we would include is the high quality of the ice cream and “super premium” ingredients that Marble Slab uses in its products. Penny Thomas can use this strength to the benefit of her promotion strategy to stress brand differences to better position the franchise against its competitors. Another strong characteristic of a franchise is assistance with expertise in areas like financing, real estate and marketing. This is a major advantage for a startup company, where potential financial risks can be minimized due to backing by the head company. A weakness that was not pointed out is relatively high pricing of Marble Slab offerings. This weakness indicates that Penny Thomas will have to target a market of customers who would be willing to pay for “affordable luxury.” An additional opportunity that we would suggest...
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...of marketing control, which is an important element you will need to address in Assessment Item 2 – Strategies & Implementation. Resources Lecture slides (download or view PowerPoint file) Recorded MyMedia lecture – Week 2 Prescribed text: Chapter 2 MyLO: Readings/Strategic marketing planning Acknowledgement: Sections adapted from Ferrell, OC & Hartline, MD 2010, Marketing strategy, 5th edn. Cengage Learning, Mason, OH. © 2010 Cengage 1 LECTURE OUTLINE Strategic Planning and the Strategic Planning Process The majority of organisations operate according to a formal plan. Formal planning can yield many benefits for all types of firms. It encourages senior management to think ahead systematically and refine its objectives and policies. Sound planning helps the company to anticipate and respond quickly to environmental changes, and prepare for sudden developments more effectively. Whether at the corporate, business unit, or functional level, the planning process begins with an indepth analysis of the organisation's internal and external environments—known as a situation analysis. (We will cover the situation analysis in more detail in later weeks.) The next step in the process is the development of a SWOT: an analysis of the above environments that results in a number of Strengths, Weaknesses, Opportunities and Threats (SWOT) for the organisation. The SWOT is a key part of the marketing...
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...with speaker notes, in which you address the following: • Evaluate the planning function of management as it relates to the organization’s goals and strategies. Use steps in the planning process outlined in the text. • Analyze the influence that legal issues, ethics, and corporate social responsibility have had on management planning at BP. Provide at least one example for each. • Analyze at least three factors that influence the company's strategic, tactical, operational, and contingency planning. Planning Part of the management function that involves setting goals and deciding how to best achieve them is called planning. Setting goals and developing plans helps the organization to move in a focused direction while operating in an efficient and effective manner. Strategies or plans are then developed for moving the organization closer to its goals. Types of Planning There are four types of planning a company can use; strategic, tactical, operational and contingency planning. Planning is part of making a decision and a manager can use the following types of planning in making short and long term decisions for a company. Strategic Strategic planning is an “organization's process of defining its strategy, or direction, and making decisions on allocating its resources to pursue this strategy, including its capital and people” (Bradford & Duncan, 2000). Strategic planning is the formal consideration of an organization's future course, usually anything...
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...and internal environments of the organization, and based on this assessment creating strategies and objectives to develop, implement and evaluate the strategic plan. Strategic plans are often designed to cover a long term period (3-5 years); however, in case of a highly dynamic organizational environment, a short term...
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...Quantitative Strategic Planning Matrix (QSPM) also called the decision stage is a strategic-formulation tool that uses inputs from Stage 1/ Input Stage to objectively evaluate feasible alternative strategies identified in Stage 2/Matching Stage. Stage 1 summarizes the basic input information needed to formulate strategies while Stage 2 or Matching Stage focuses upon generating feasible alternative strategies by aligning key external and internal factors. A QSPM reveals the relative attractiveness of alternative strategies and thus provides objective basis for selecting specific strategies. In order to understand the benefits and limitations of the QSPM tool, it is important to understand the essential attributes needed for a QSPM analysis to be effective and also the steps needed to develop a QSPM analysis. This essential attributes in a QSPM analysis include the development of External Factor Evaluation Matrix (EFE) and Internal Factor Evaluation Matrix (IFE) followed by a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis, BCG (The Boston Consulting Group) and finally QSPM. Attributes of QSPM External Factor Evaluation Matrix (EFE): EFE is a strategic tool used to evaluate the external environment of the firm which includes the economic, social, technological, government, political, legal and competitive information. External factors are obtained after an in-depth analysis of the external environment. External factors can be divided into two categories opportunities...
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...dynamics evolve. At its core this is just the concept of having some feedback controls to evolve the plan to changing variables. This helps organizations to meet with the challenges with better focus and strategy. Purpose of strategic plan Strategic plan is a tool to manage the organization in more streamlined and optimal way. It helps in promoting the vision and goals of the organization throughout the organization. This avoids sub-optimization in the organization and helps the different branches to have better focus and coordination in between them. This also incorporates the organization strengths and weaknesses and then this data is used to formulate the best possible outcome for the organization. The plan also sets the goals the organization needs to achieve and how they will be achieved. This also includes the parameter against which the performance of organization will be measured and the time frame in which evaluation should be done. Components of strategic plan Every strategic plan has to go through various phases to evolve to its final shape. There are different levels of planning which is done in different plans. The reason for that is most organizations are unique. They have might have different core business, market, ethical approach, marketing strategy, strengths, weakness, their integration and size. So the strategic plans for every...
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...identifying current strategy. The paper should discuss Kudler’s marketing and Strategies for better positioning for growth. Kudler Fine Foods, founded by Kathy Kudler in 1998 with a vision to grow into several store in high end markets. In summary and as shown in the 2003 strategic plan illustrated that Kudler Fine Foods was founded by Kathy Kudler first in La Jolla – California area, followed by two additional stores in 2000 and 2003. While the KFF La Jolla location was doing well, there were some challenges on the second location in Del Mar – California in which consideration for merging the Del Mar store with the third location in Encinitas - Carlsbad, California. Kudler Fine Foods (KFF) vision “Kudler Fine Foods will be the premiere gourmet grocery store for those savvy shoppers who are searching for the finest meats, produce, cheeses, and wine” the vision statement automatically set the targeted customers with specific passion for gourmet cooking and fine wines from a singles source. Kudler Fine Foods important task is to understand to look outside the box and look into ways to how to reach the market and review their current position, marketing & strategy plans among few other issues and have a mission statement to align with base on some kind of key metrics to measure progress. KFF entire operations carried issues that became problems. Some of the issues also started to develop into major problem affecting the bottom line and revenue. KFF had they SWOT cut out for...
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