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Task 3 Gap and SWOT Analysis

Category: Business & Management Paper Type: Report Writing Reference: HARVARD Words: 620

        It can be said that SWOT analysis is the short form of threats, opportunities, weaknesses, and strengths. This analysis is seemingly a structure methods of planning that explores these elements with respect to the company regardless of the location.

        In almost any institution, a satiable performance or outcome is the result of authentic and appropriate interaction of the management of business along with its external and internal environment. In addition, on the basis of this analysis, the determination of external threats and opportunities to the organization as well as internal weaknesses and strengths occurs. However, regardless of their significance, many organizations often have or give some vague ideas and theories of their threats, opportunities, weaknesses, and strengths.

        In the management of knowledge, the gap analysis actually includes the comparison of the potential performance with the actual performance. If a company, and in this case Oman Refreshment Case, doesn’t utilize the present resources in the best possible way, or forgoes an investment in technology or just capital, it might perform or manufacture below what it is capable of.

        A method which is utilized for determining just what steps are required to be taken for moving to the desired state from its current state or condition is referred to as the Gap analysis. This method could involve the listing some specific characteristics elements that must be acquired in the future. Moving on, the gaps are spotted. In simple words, it actually reflects on the condition at present and seems to prepare for future objectives (Chan, 2013).

Strengths

Weaknesses

·         The surveys of consumers always seem to rank high in significance to refreshment.

·         The Website of Oman Refreshment Company is useful and well-developed.

·         Products are reliable and affordable.

·         Customers enjoy the products which they purchase.

·         Print is powerful and its online presence is also strong.

·         Customer staff is knowledgeable and friendly along with the faculty.

·         Services are precisely focused upon its customers.

·         All of the tasks are established and duties are actually defined.

·         Computers of the staff are not only outdated but they are also very slow.

·         Lack of understanding about just how the functional units are operating along with their direction.

·         Materials are both outdated and damaged.

·         There are too many policies and rules which are enforced on workers.

·         External communication is inefficient.

·         There is no separate forum for the complaints of customers.

·         Resources are not sufficient.

·         Policies are not prominently posted.


Opportunities

Threats

·         Using the crisis of budget for reviewing the allocation of materials.

·         Thinking of some other ways for creating revenue, for instance, selling cartons of drinks on a discount.

·         Hiring new employees with innovative ideas.

·         Deliver services of awareness to administrators.

·         Structure staff meetings every now and then for enhancing and improving communication.

·         Giving more training to staff for performing with efficiency.

·         Publicizing the services that the organization is providing.

·         Increasing the visibility of organization using the internet.

·         A seemingly perception that service hours of the staff can decreased because of online resources.

·         Reluctance to further innovate.

·         Hour and staff cuts because of the constraints on budget.

·         Technology could take a strain on the organization due to the constraints on budget.

·         A decrement in the required resources for staying competitive.

·         Consumer base might be reduced due to a change in the demographics.

 References of Gap and SWOT Analysis 

Chan, E. S., 2013. Gap analysis of green hotel marketing. International journal of contemporary hospitality management, 25(7), pp. 1017-1048.

Dalkir, K., 2013. Knowledge management in theory and practice.. s.l.:Routledge.

Dalkir, K., 2013. Knowledge management in theory and practice.. s.l.:Routledge.

Pelau, C. &. S. T., 2013. Analysis of the consumer's reasons and driving factors for buying.. International Journal of Economic Practices and Theories,, 3(1), pp. 60-66..

 

 

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