Swot Analysis of Southern Chair Company No Time For Sitting Around Case Study Analysis

Disclaimer: This page contains sample case solution for formatting purposes only and is not the actual case solution of the said case. To get the actual case solution; order on website or contact live chat support.

Home >> Chicago Booth >> Southern Chair Company No Time For Sitting Around >> Swot Analysis

Swot Analysis of Southern Chair Company No Time For Sitting Around Case Solution

Strengths

More powerful usage capability: The gross nationwide income (GNI) increased to 55790 in 2010 from 32780 in 2001. The GDP also increased from $91148 in 2001 to $208765 in 2010. The GDP growth rate is 14.5%.

Pleasant organisation environment: Southern Chair Company No Time For Sitting Around Case Swot Analysis has a high earnings category and ranks in all elements of business.

Easy to begin business: Laws are relaxed for beginning new service.

Low terrorism and political violence: Southern Chair Company No Time For Sitting Around Case Swot Analysis has a tranquil political environment that most likely draws in financiers.

Weaknesses

Near BRIC countries: Buyers are influenced by others nations like India and China.

Island size: Business advancement is restricted because of the restricted size of island.

Global orientation: Southern Chair Company No Time For Sitting Around Case Swot Analysis mainly depends upon trade. If any massive ecological modification occurs, growth will be subjected.

Federal government participation: Government intervention may restrict brand-new business owners to establish their businesses.

Opportunities

Land might increase: Southern Chair Company No Time For Sitting Around Case Swot Analysis can have its land increased if the disagreement with Malaysia is solved.

Emerging markets: Business can be expanded in the land by bringing in innovative ideas and items

Tourist nation: Through making sufficient financial investments in the tourist sector, more inflow of revenue can be produced as more and more tourists will be visiting the nation.

Threats

Incomplete supply chain: Southern Chair Company No Time For Sitting Around Case Swot Analysis's production mainly depends on raw material that are imported from other nations. This make them dependent on importation.

Increasing sea level: At time of flood, the entire island might perish

Multi linguistic nation: Southern Chair Company No Time For Sitting Around Case Swot Analysis has 3 languages used together at the exact same time. This can cause problems to particular ethnic groups.

Growth Strategies

The government must promote start-up businesses and help them maintain their operations by offering them guidance. In addition, guidelines associated with entrepreneurship should be streamlined so start-ups owners are motivated to properly establish their services. Modularized training classes need to be made required on adults so they can obtain innovative skills under various certifications frameworks.

Southern Chair Company No Time For Sitting Around Case Swot Analysis requires to deepen its worldwide relations and diversify with other multinational organization. This in turn would promote the trade in between nations leading to more profits and employment. The working requirements to be done on tariff rates to motivate import export from the residents. Enhancing global relationship with Europe and other world would also increase employment opportunities. The tertiary sector of Southern Chair Company No Time For Sitting Around Case Swot Analysis also requires to link with abroad partners for additional development of the center and regional market

Southern Chair Company No Time For Sitting Around Case Swot Analysis is a center of Southeast Asian regions; it should build a structure to additional establish the infrastructure. Changi airport can be expanded with a fifth terminal. Cargo port can be constructed in Tuas together with speed railway in Kuala lumpur. An underground metropolitan infrastructure can likewise be established.

These infrastructural advancements will lead a roadway towards faster financial growth and will draw in more international companies to setup. Strong infrastructure not just supply the facility to work in however likewise develops job opportunities.

Focus shall be made on establishing strategies that help develop new innovations for the company. Jobs of data science and data collection need to be promoted. It is significantly essential to keep in touch with the technology and develop all the business related work on digital platforms.

Incentives need to be supplied by the federal government, to promote start-up growth. Research study and development strategies must be established for the start-ups to improve their existing operations. Workshops and trainings must be supplied so startup owners can have a roadmap to follow.