Ez Pleeze Swot Analysis Essay

Great Essays
SWOT ANALYSIS
A SWOT Analysis is an important step in determining a strategic plan. A company, like EZ-Pleeze, needs to understand both internal forces and external forces that can affect the company’s future in the market. Internal forces consist of strengths and weaknesses inside the company. External forces consist of threats and opportunities outside of the company.

By studying the external environment, which are threats to the company along with opportunities for the company, a company can make a better decision of how, when and where to enter a market. Opportunities are “conditions in the general environment that, if exploited effectively, helps a company reach strategic competitiveness.” Opportunities are ways a company can gain advantage over competitors, open doors for the company, and grow. A company needs to identify opportunities that help achieve the goals the company has created. The other external forces are threats. Threats are “condition in the general environment that may hinder a company's efforts to achieve strategic competitiveness.” Threats can be detrimental to a company. If the threats are bad enough a company could lose
…show more content…
All strengths within the company are important to analyze. The strengths show how a company is different and unique, along with the advantages they have over other companies in the market.

Starting with the CEO and founder having 25 years of livestock and poultry farming, then starting up the company in 2000, the company’s knowledge and experience in beef and poultry give a strong internal strength. The internal team has gained from this knowledge and understanding of the market and has given the company large leaps in growth within the market. If the knowledge is passed down after the CEO has left, the company could have leverage over any competitors new to the

Related Documents

  • Improved Essays

    These may include ecological, economic, political, social, or technological issues’. Furthermore, managers need to consider these external factors to understand that predicting the future using this method has to involve objectives revolving around the business as…

    • 764 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Late Fall-Bus Case Study

    • 1369 Words
    • 6 Pages

    A company can also alter the strength of these factors to its benefit through its choice of strategy. 3. Describe how “Risk of Entry”, “Bargaining Power of Buyers”, “Bargaining Power of Suppliers”, and industry competition (“Threat of Substitutes”) affect the external threats a company faces. Provide examples of each. Risk of entry: It is the risk involved with the entry of the potential competitors.…

    • 1369 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    The first question is about strategic analysis of the environment. Initially, the firm must know their current position so that later on they can improve and get into a competitive position on the market. The next step is to determine the strategic vision of the company, which is the idea of the direction towards success (BusinessDictionary.com, 2014) . When you are competing in the industry you need to become familiar with the competitors and their strengths and weaknesses. A good method for evaluating these characteristics is SWOT analysis.…

    • 1562 Words
    • 7 Pages
    Improved Essays
  • Improved Essays

    Key Term Business Risk

    • 716 Words
    • 3 Pages

    It asks the questions, what are the key decisions that are made in the business, when are made, who makes them, and why do those individuals make the decisions that they do? It generates ideas for innovation and combating business risks. The article summates about designing or redesigning a company’s business models to better tolerate risk and outpace…

    • 716 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Interruptions to the supply chain and outdated or faulty IT systems are also factors that the company should evaluate. • Strategic risks These affect the firm’s ability to reach the goals in the business plan. They could be due to the impacts of changes in technological evolutions or customer demand. These factors could pose as threats as they can alter how customers perceive the products of the company. Based on these, customers might think a product is overpriced, dull and outdated.…

    • 1352 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    The SWOT model in the strategic management could analyze both the internal environment and the external, in order to be aware that if if the company still has competitive on the market. The company must develop systematic exploitation for external information, because it has short, medium or long term significant influence on its future. Company use all of these elements to establish the strategy and plan, in order to have a successful activities on the existing and also exploring potential markets. The company could be determined by SWOT analysis as introvert entity, or as extrovert entity. it has to adapt permanent feedbacks quickly through opening the global environment analysis.…

    • 1318 Words
    • 6 Pages
    Improved Essays
  • Improved Essays

    Their laws, their beliefs, their values. Management will also, eventually, have to come to a decision in a pivotal moment. They [management] need to be ethical in these situations because what they decided will affect the company. Globalization has also affected business management being as it requires more people with core competency tendencies.…

    • 775 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    The technology, however, could be a threat to cause adverse operational problems of business failed to keep pace with technological developments and innovations. This negative effect increases the importance of a proper assessment of the technological issues related to the viability of the…

    • 1065 Words
    • 5 Pages
    Superior Essays
  • Great Essays

    SWOT. This is a popular method of determining how best to advance the company. Leaders will look at the individual strengths the company possesses and use that information in their favor. After finding what their strengths are, the company can then make strategies that will help build their strengths in a way that will minimize their weaknesses. Another aspect that this type of analysis considers is changes delivered from the outside world, such as new competition or changes to the market.…

    • 1303 Words
    • 6 Pages
    Great Essays
  • Improved Essays

    Weaknesses are characteristics that place a business or project at a disadvantage relative to others and threats are elements in the environment that could cause trouble for the organization. And both of these are harmful to…

    • 723 Words
    • 3 Pages
    Improved Essays