To
evaluate SingleSpeed Brewing company which
located in Cedar Falls, we can use the SWOT Analysis tool since it is a method
for determining the performance, contest,
risk, and also the competency of a
business, as well as part of a company
such as a product division, an industry, or other objects. A SWOT analysis
is created to provide an analysis,
original, information at the strengths
and weaknesses of a company. The company should
maintain the appropriate review by retraining beliefs that hard to understand or
gray areas, and instead pay attention to
reality concepts. For instance, how the products and services of the company
performance in the competition? SWOT analysis must be easy and brief and should
prevent the complicated and high analysis
from assuring that the company will be
objectives, also to maintain general
opinions beyond the process. Companies should apply it as guidance instead as a
formula (Sarsby, 2016).
The
SWOT Analysis we can do for the SingleSpeed Brewing
company are:
·
Strengths
What real properties the
company has, like customers, technology, tools, investments, and patents?
·
Weaknesses
What business processes
that the company needs to improve?
·
Opportunities
How is the market growing and are there any
trends which will increase people to purchase more of products?
·
Threats
Will consumer behavior change in a way
that might give a negative impact on the company?
References
Sarsby, A. ( 2016). SWOT Analysis. Lulu.com.