Strengths And Weaknesses Of A Competitive Model

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INTRODUCTION To design the successful operation of a business, identifying revenue sources, customer base, products, and details of financing are important. This is only when a reliable model can be proposed. This model was proposed as an improvement upon the existing highly competitive model, taking into consideration the results of the situational analysis. SITUATIONAL ANALYSIS The Strengths, Weaknesses, Opportunities and Treats of the Sector; (Technological Sector) According to the SWOT Overview of Manufacturing Industry in Europe by the The Institute for Prospective Technological Studies, this is how the European technological looks at a glance. * Strengths: As it stands now, it can be said that there is a solid science base in Europe, with technical excellence in many domains, e.g. German textiles, UK electronics suppliers, etc.; and a wide range of universities and research organisations are being connected at EU, national and regional levels. • Weaknesses: Relatively weak industrial application of key technologies (only 21% of European applications are…show more content…
Varieties of this model exist with qualitatively varying performances, but they all fit broadly within a common framework. Based on the idea that economic growth should be pursued through the market for social ends, the model enjoys wide public acceptance. It helped transform Europe after the Second World War into an area of powerful industries and services with strong employment creation potential which, in turn, allowed for a fair system of social protection. A “virtuous circle” was thus completed, binding together solidarity, responsibility and competitiveness. Yet against the background of new domestic and global pressures, that can be clearly seen from the SWOT analysis, this model needs to be re-defined and adapted to a changing

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