The SWOT analysis stands for strengths, weakness, opportunities and threats is a useful strategic planning tools or method that use for evaluated the internal and external factors that favorable and unfavorable to achieve business’s objective, it is credited to Albert Humphrey. It’s so important for all business to using this tool to analyze situation carefully before taking any decision. This is because SWOT analysis can help a business maximize strengths and minimize weakness and yet to take advantage of opportunities and reduce business threats. I and my admin manager (Ms Oon) have an interview section in meeting room on 14 may 2016 at 2.00pm discuss about the SWOT analysis. And the above analysis was according to my admin manager.
2.3.1 …show more content…
The right location is very important for all business, it can have a significant effect on how a business performs and it will sufficient to access the transportations, workers and customers. All businesses are aim to the right location that can provide maximum competitive advantage.
Lita Venture Hardware was located in Prai industries area, the reason why Lita Venture Hardware established business in Prai industry, this is because:
1. Our first target is maintaining good relationship with factory and manufacturing.
- Choosing the best location is most important. Nearby Lita Venture Hardware all are factory or manufacturing such as Penfabric, Sony, Fumakilla, Honey well, and so on. Between us and those company just a few kilometer or few minutes only. We can supply item to them within a …show more content…
However in industries area was has not much resident and the places are width suitable for big truck and lorry move around.
S2: Easy to manage
Lita Venture Hardware was a small business. We have only just limited amount of workers. But we are flexible to market needs, changes and trends. Small business enable us respond to changes in the market more fasten than big business. The world is continually speeding up and all businesses are facing the challenge of adapting quickly in order to survive and attract attention of customers.
Small businesses are able to manage easily by changing or absorb new things. Additionally, small businesses also able to manage cost efficient; this is because small business requires funds to innovate, market and invest are far less than big businesses.
Hence, when it comes to decision making, or any managerial activities, it is easier compared to other complex organization that required going through a lot of red tape process. Suggestions, ideas, and ideas are go straight to whose can implement or correct quickly without go through endless
2.3.1 …show more content…
The right location is very important for all business, it can have a significant effect on how a business performs and it will sufficient to access the transportations, workers and customers. All businesses are aim to the right location that can provide maximum competitive advantage.
Lita Venture Hardware was located in Prai industries area, the reason why Lita Venture Hardware established business in Prai industry, this is because:
1. Our first target is maintaining good relationship with factory and manufacturing.
- Choosing the best location is most important. Nearby Lita Venture Hardware all are factory or manufacturing such as Penfabric, Sony, Fumakilla, Honey well, and so on. Between us and those company just a few kilometer or few minutes only. We can supply item to them within a …show more content…
However in industries area was has not much resident and the places are width suitable for big truck and lorry move around.
S2: Easy to manage
Lita Venture Hardware was a small business. We have only just limited amount of workers. But we are flexible to market needs, changes and trends. Small business enable us respond to changes in the market more fasten than big business. The world is continually speeding up and all businesses are facing the challenge of adapting quickly in order to survive and attract attention of customers.
Small businesses are able to manage easily by changing or absorb new things. Additionally, small businesses also able to manage cost efficient; this is because small business requires funds to innovate, market and invest are far less than big businesses.
Hence, when it comes to decision making, or any managerial activities, it is easier compared to other complex organization that required going through a lot of red tape process. Suggestions, ideas, and ideas are go straight to whose can implement or correct quickly without go through endless