However, the best results generally flow from avoiding this process in times of high stress, overwhelming deadlines and financial pressure. To help you understand better how it works, it may be a good idea to look at some SWOT Analysis examples.
Instead of depending upon its existing strengths, HP could diversify into new areas to grow its business and revenue. Apart from it, HP has depended heavily on PC and printer sales for revenue. It recently introduced its Elite X3 which comes equipped with various business and productivity features.
Thus, skill in native web app development would be a strength because it is based on an asset — employees — within the firm itself.
More commonly known as a SWOT analysis, this process helps a business spot potential avenues for revenue, stave off declining revenue and build on its unique value for a healthier company. Analyzing Strengths and Weaknesses Owners of IT firms may find the strengths and weaknesses part of the SWOT analysis challenging, since it requires objectivity about your own company, your employees and yourself.
An alternative is to create a team of workers at all levels in the firm to prepare the analysis jointly. Tasks and projects your business struggles with or assets it lacks. A whiteboard can be a more effective tool than individual pieces of paper in team meetings.
On the other hand, opportunities and threats can be forward looking.
Events and circumstances Swot analysis of compaq your company could leverage. Expand its range of smartphones and tablets Diversification The cloud computing market is growing rapidly.
The team should meet two or more times to share opinions and work to finalize the analysis. Why are those changes taking place, or what is driving them? Selling products directly to the customers Keeping costs below that of competitors Higher responsiveness to customer demands No partnerships or strong relationships with computer retailers Opportunities: The things your company does well or considers assets.
You can let the factors relevant to your situation stay while removing and adding accordingly: Additionally, think specifically about skills and strengths that will help the firm achieve its goals.
Strengths and weaknesses are internal, while opportunities and threats are external to the company. The growth of mobile technology can also be an opportunity. Have an excellent staff for handling sales with strong knowledge of current products Strong customer relationships A strong geographical location with high traffic input Well-designed and successful marketing strategies Business reputation of being innovative Too many missed deadlines and a lot of work on pending High cost of rental for the office Infrequent cash flow system Too much stock in inventory and higher inventory costs An inefficient record maintenance system in place Outdated market research data.
A certain amount of future-oriented thinking is required in a SWOT analysis. It can use its brand image in this area to drive up sales.Hewlett-Packard SWOT Analysis Strengths Hewlett-Packard is a global technology company and after its merger with Compaq it became world 's biggest computer hardware and peripherals company in the world, ranking 20 in the Fortune list.
Value chain Analysis – Current Situation at Compaq Compaq should focus on the more profitable enterprise segment. Over time the margins of this segment will reduce due to increased competition and then Compaq should use its position within the enterprise segment to enter the lower end high volume low margin home PC market.
Introduction SWOT analysis SWOT analysis can also be called as SLOT analysis which is a strategic planning or direction for making decision based on available resources to determine valuate the Strength, Weaknesses/limitations, Opportunities, and Threats involved in a project or in a small business (business venture).
[SWOT’ is an acronym for Strengths, weaknesses, opportunities and threats. It is a powerful strategic management tool that can help to know one’s important strengths and weaknesses and to exploit the opportunities.
Opportunities in the SWOT analysis of Compaq: Threats in the SWOT analysis of Compaq: One of the biggest reason for this is the ongoing price wars between the leading hardware makers with each trying to counter the other through drastic price cuts.
Swot Analysis Of Compaq. SWOT Analysis By Stacy Collett (Jul. 19, ) In order to swat the competition you need to understand SWOT. SWOT stands for Strengths, Weaknesses, Opportunities and Threats. It's a way to analyze a company's or a department's position in the market in relation to its competitors.Download