SWOT ANALYSIS OF HAL’S HARDWARE E-COMMERCE
After reading the narrative case study of HAL’S hardware, let me first introduce to you in my own opinion about the SWOT analysis. First and foremost, a SWOT analysis is a strategy in which companies could assess there situational standing for the development and the good of there business and transactions.
According to Khushboo in India, “it’s like a mirror to oneself. It tells where the person stands. Strength, gives power. One should analyze his weaknesses. Opportunities should be grabbed and one should overcome his threats”.
Yes, I agree to him. Of course, when you are putting up a business you need to know the strength, weaknesses, opportunities and your threats so that it yields good
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In addition to that, it also helps other companies and suppliers. Running a website is really a big help. It can expand services and features; and because of that, there is an opportunity to increase number of costumers because of its unreachable state.
THREATS
These are the threats that could possibly encounter when using an electronic website: since it is online, it is vulnerable to the hackers who have bad motives for attacking a website. Company-costumer relationship can also be affected because the costumer can longer buy smaller items and there will no longer interactions between them. Security is a very sensitive issue when it comes to online shopping, it must have high security for the costumers good. Also, competitions even savage because internet has no limit. In order, for the HHI’s to compete, business strategy is a good answer.
RECOMMENDATION
Here are some recommendations that I think would help the HHI Company:
•website should be catchy with more advertisements and information so that it can attract buyers and they could.
•trusted, honest and equipped personnel should be the one who will maintain the site.
•there should be exceptions or limited products to be ordered online.
•the site should have online training courses and consultations for the costumers.
•there should have an increase of site’s security.
•there’s a need to encourage costumers to create an account to reduce risk of attackers
The SWOT analysis is commonly known as a tool for business analysis. Its main use is for looking at strengths and weaknesses to do with the organisation, current or future opportunities and possible internal and external threats. These can then be dealt with to make them into a positive.
Food orders can also be placed through a website instead of being put on hold and waiting. It helps more then just business owners as well. Websites also allow people to take virtual tours of potential houses they may want to buy, venues to rent, hotels, anywhere a person may be interested without having to leave the comfort of their living room. What better way of showing off your work then a website. For example, barbers can posts pictures of their hair styling and allow people to review them. A website can become a very powerful tool.
The website will provide an avenue for exposure to the international world for advertising purposes and also allow for the sale of items over the internet through an online store.
To understand our firm’s capabilities, business environment, and customers, we need to conduct a situational analysis. First, we perform a SWOT analysis so we can come up with a plan for current or future scenarios.
A SWOT analysis is a method used to illustrate the current position of a business. The model helps identify the strengths, weaknesses, opportunities and threats of an organisation. The model below is an analysis of the current position of Brompton Bicycles. Brompton Bicycles is a manufacturer of folding bicycles and are based in London.
The internet offers the potential to achieve a global market success for any business. Businesses that go online increase their opportunities to reach their target market and is cost effective when compared with other forms of marketing. It creates opportunities, benefits and challenges for a business but in the long run is worth it for the added publicity and hopefully profits. Going online has benefited many organisations including Tesco PLC. I will be using Tesco as my example of the benefits, opportunities and challenges for a business by using the internet. Tesco has operated on the Internet since 1994 and started an online shopping service named 'Tesco Direct' in 1997 which
SWOT analysis provides a structure for analyzing either your own strengths and weaknesses, and the opportunities and threats you face, or in a work context for analyzing the strengths, weaknesses, opportunities and threats a business or event faces. Ideally it is one step in a process which helps you to
SWOT Analysis is a simple but useful framework for analyzing your organization's strengths and weaknesses, and the opportunities and threats that the company face. It helps you focus on your strengths, minimize threats, and take the greatest possible advantage of opportunities available to you will giving you the opportunity to ward off possible threats from external sources.
Swot analysis refers to the strength, weaknesses, opportunities and the threats that a business faces. Every company has its strengths, weaknesses, opportunities and threats that it faces.
A SWOT analysis is an evaluation a company’s strengths, weaknesses, opportunities, and threats (Armstrong, 2010, p.77). A SWOT analysis is a useful tool in comparing a business, or in this case a character’s, traits to the situation and to other characters.
To determine how a well-designed Web site might be used to increase the product demand for a niche product during the start-up phase of a business.
The process of SWOT analysis is a universal method widely approached in corporations to scan the internal and external environment so that companies can deploy relevant countermeasures to make improvements. It contains four elements, they are strengths, weaknesses, opportunities, and threats (Helms & Nixon, 2010).
The SWOT analysis is business analysis method that business can use for each of its department when deciding on the most perfect way to increase their business and future growth. This procedure identifies the internal and external strengths, weaknesses, opportunities and threats that are in the markets.
SWOT analysis is a useful tool for understanding and decision-making for all sorts of situations in business and organization. SWOT analysis can be classified into internal and external factors affecting a company. The Strengths and Weaknesses of the SWOT analysis represent the internal factors that influence the viability of the company. While the Opportunities and Threats, on the other hand, are the external factors that may affect the company's performances. A SWOT analysis provides more understanding of the organization in relation to its internal and external environment so that manager can formulate better strategy in pursuit of its mission.
According to What is SWOT Anlysis (2011), SWOT analysis is an analysis used to identify the internal factors (strengths and weaknesses) of the company as well as external factors (opportunities and threats) of the company.