Financial markets homework help

SWOT Analysis Example

 

 

You will find an extensive introduction to SWOT in Module Three and an example below. There

are also extensive resources available online, including videos in YouTube.

 

Your SWOT should contain no less than five factors in each of the four categories. If you

cannot identify 5-6 legitimate factors for each category you may not have given your product or

service adequate consideration and thought.

 

You will also create a SWOT action plan.

 

SWOT Action plan The concept behind a SWOT Action Plan is that, as business managers, we like to get things

done! Our job is to fix problems and capitalize on opportunities. SWOT is a very useful tool for

analyzing our business and the business environment (see Module 2 for more on this). However,

the best analysis is useless without action to apply the information. The SWOT action plan does

just that. It apples the information you uncovered in your analysis.

 

You will select ONE item from each of the four categories and write a very brief action planned

based on the following:

 

Strength: What will you do to take advantage of this strength? How will you make the most of it?

 

Weakness: What will you do to minimize the negative impact on your business?

 

Opportunity: Much like a strength, how will you capitalize on this opportunity? How can you use

it to generate revenue, build you brand or improve your competitive position?

 

Threat: How will you avoid this threat or minimize its impact on the business?

 

You will find an example of what is expected for your Action Plan below.

 

 

SWOT Example NOTE: You have the option to vary your layout, format, use of color and other stylistic devices.

This is ONLY an example, however the use of chart of some type is required.

 

 

SWOT ANALYSIS: LEO TREK

 

Leo Trek is a student owned and operated business located near Saint Leo University. The firm

provides small van transportation on Thursday through Sunday to high demand locations in

Hillsborough and Pasco counties, such as Wiregrass, The Grove Shopping Center, downtown

Dade City and Ybor City. The firm aims to reduce student driving, thus providing a safer

campus, while generating revenue and creating student employment.

 

 

 

 

 

INTERNAL

Strengths Weaknesses

Increases student safety Limited experience of management team

Provides economical transportation Low capital reserves

High demand among students High liability

Parental support Driver unreliability

Perceived as being “green” Fleet is used and requires maintenance

 

 

 

 

EXTERNAL

Opportunities Threats

Increasing insurance rates for young drivers Low barrier to entry

Student demand for other stops Students prefer flexibility of their own cars

The university limiting cars for freshmen Limited student budgets

Pressure and concern from parents Regulation limiting the firm’s services

Student perception of the service Student perception of the service

 

 

Action Items:

 

As a result of this SWOT analysis, The Leo Trek team has identified four areas requiring

particular attention.

 

A key Strength is the positive perception this service will have among Saint Leo parents. Driving

is always a concern for parents, especially during “party time weekends” and we believe that

they will be willing to pay a reasonable fee to our firm to relieve that anxiety.

 

A Weakness of particular concern is the firm’s liability. This is inherent in any firm providing

transportation, and of particular concern given the youth of our drivers. We plan to minimize this

Weakness with driver screening, regular training and insurance.

 

 

 

We believe an important growth Opportunity is student perception of the service. If we can

properly promote the service as being convenient, safe and “cool” we can leverage the natural

buzz found on any campus and expand our ridership.

 

The Threat that most concerns the Leo Trek team is lack of scheduling flexibility. While our

vans will run regular schedules, allowing students to plan their trips, we lack the spontaneity of

being able to go “where you want, when you want”. This will be hard to minimize as the vans

can only travel so often, however we believe we can offset the inconvenience with advertising

emphasizing safety and fun.

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