A strengths, weaknesses, opportunities, and threats (SWOT) analysis is a situational analysis in which internal strengths and weaknesses of an organization, and external opportunities and threats faced by it are closely examined to assist management with planning and course correction (BusinessDictionary.com). Managers can use the results SWOT analysis to determine how competitive the organization is in its industry and to develop an effective organizational strategy. Though commonly associated with for profit organizations, SWOT analysis also are carried out by public institutions such as, hospitals, government agencies, and schools. The County College
SWOT Analysis: A tool for examining a company and its environment. Defines the company’s strengths, weaknesses, opportunities, and threats
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.
CVS is the largest integrated pharmacy healthcare provider in the United States. CVS operates its business through three segments, Pharmacy services, Retail pharmacy and Corporate.
CVS Health, the nation’s second largest pharmacy retail store (trailing Walgreen Company) was founded locally in Lowell, Massachusetts in 1963. The original store name was not far off: Consumer Value Store, serving as a discount health and beauty aid store. The store we know today sells prescription drugs in addition to an extensive assortment of general merchandise, such as: beauty products and cosmetics, film and photofinishing services, seasonal merchandise, and greeting cards. CVS Pharmacy also sells convenience foods and products online through CVS.com. Furthermore, CVS operates ‘Longs Drugs,’ 40 pharmacy retail stores in Hawaii.
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.
The CVS president highlights the financial growth of the company’s operation last year despite of the change. The change in name and the elimination of tobacco products in the store. He pointed out that the company’s revenue of $139 billion last year exceeded the 2014 target with adjusted earnings per share from continuing operations of $4.49. This shows an increased of about 10% in revenue and 13.5% in earning per share from the preceding year. Its cash flows generate $6.5 billion and had returned $5 billion to shareholders in dividend and stock repurchase. The company’s stock performance outpaced the 25.3% return of the S&P Healthcare Index. In his message he mentioned on the success and the service enhancement of its 4 major business units.
SWOT analysis allows for the creation of a plan of actions that is necessary for using a company’s strengths and for minimizing the effect of its weaknesses in order to increase the company’s opportunities and lower the risk of threats (Kolbina, 2015). Further, the SWOT analysis determines what assists the firm in accomplishing its objectives, and which problems need to be minimized to achieve the desired results. For instance, where the organization is currently at, and where it may need to be in the future.
A powerful tool in assessing and sizing up a company’s strengths, weaknesses, market opportunities, and external threats is the SWOT Analysis. By utilizing this tool, a company can base its strategy on its strengths to gain a competitive advantage in the market place. The SWOT Analysis also helps the company identify its weaknesses, therefore enabling management to address the issues and find solutions to improve or minimize the problems. Through this tool a company is also able to identify market opportunities and external threats, allowing management to assess, plan, and execute a strategy that would give them a competitive advantage over its rivals.
A SWOT analysis is a tool used to identify the strengths, weaknesses, opportunities and threats of an organization. A SWOT model measures what an organization can or cannot do as well as the possible opportunities and threats. This is done by taking data from the organization’s environment, analyzing the information and separating it into the internal (strengths and weaknesses) and external (opportunities and threats). When this is completed the analysis can create a plan for the organization to achieve its goals, and identify what difficulties must be overcome to attain
SWOT analysis covers the strengths, weaknesses, opportunities & threats which a company is facing in its internal & external environment. Strengths & weaknesses fall under the internal environment of the company and opportunities & threats fall under the
SWOT analysis, also known as SWOT matrix is a general organized list of businesses’ greatest strengths, weaknesses, opportunities, and threats. The SWOT analysis is further divided into two different factors, namely the internal factors which comprises of the business’s strengths and weaknesses to the company as well as the external factors which comprises of opportunities and threats to the company. Internal factors are factors that are within our means and control, for example reputation, patents and locations whereas external factors are factors that we are not able to control, for example suppliers and competitors. Every type of businesses are encouraged to use SWOT analysis as an accessessment tool for their business, especially existing business which can use it anytime
SWOT analysis is a framework that identifies the strengths, weaknesses, opportunities and threats of an entity. It assesses what an entity can and cannot do. It also evaluates potential opportunities and threats. These can be divided into internal and external factors (Investopedia, n.d).
This SWOT Analysis is a very useful means to understand or evaluate strengthens, weaknesses, opportunities, and threats of your company. It organizes all the information of the company and summarizes its strengths, weaknesses, opportunities, and threats. It helps to provide all the information in order to make decisions and to set good goals for the company. (IFAD, 2010, P.21)
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.