Swot Analysis of De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Study Help

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Swot Analysis of De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Solution

Strengths

Stronger usage capability: The gross nationwide earnings (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 service environment: De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Swot Analysis has a high income category and ranks in all elements of company.

Easy to start service: Laws are relaxed for starting brand-new organisation.

Low terrorism and political violence: De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Swot Analysis has a peaceful political environment that most likely attracts investors.

Weaknesses

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

Island size: Organisation development is limited due to the fact that of the restricted size of island.

Worldwide orientation: De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Swot Analysis mainly depends on trade. If any massive environmental change takes place, development will be subjected.

Federal government involvement: Federal government intervention might limit new entrepreneurs to develop their organisations.

Opportunities

Land might increase: De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Swot Analysis can have its land increased if the disagreement with Malaysia is resolved.

Emerging markets: Company can be expanded in the land by bringing in ingenious concepts and items

Tourist country: Through making adequate investments in the tourism sector, more inflow of profits can be produced as a growing number of travelers will be going to the country.

Threats

Insufficient supply chain: De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Swot Analysis's production mainly depends upon basic material that are imported from other countries. This make them depending on importation.

Rising water level: Sometimes of flood, the whole island might perish

Multi lingual nation: De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Swot Analysis has 3 languages used together at the same time. This can cause issues to particular ethnic groups.

Growth Strategies

The federal government needs to promote start-up businesses and assist them keep their operations by offering them guidance. In addition, policies connected to entrepreneurship needs to be streamlined so startups owners are motivated to effectively develop their businesses. Modularized training classes must be made compulsory on grownups so they can acquire innovative skills under various qualifications structures.

De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Swot Analysis needs to deepen its international relations and diversify with other international organization. This in turn would promote the trade in between nations leading to more earnings and work. The working needs to be done on tariff rates to encourage import export from the locals. Strengthening international relationship with Europe and other world would likewise increase employment opportunities. The tertiary sector of De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Swot Analysis also requires to connect with abroad partners for more development of the hub and regional market

De Beers And The Diamond Industry Squeezing Blood Out Of A Precious Stone Case Swot Analysis is a hub of Southeast Asian regions; it needs to construct a structure to more establish the facilities. An underground urban infrastructure can also be developed.

These infrastructural advancements will lead a road towards faster economic growth and will draw in more multinational business to setup. Solid infrastructure not just provide the center to operate in but also creates task chances.

Focus shall be made on establishing strategies that help establish new innovations for the company. Projects of information science and data collection must be promoted. It is substantially essential to keep in touch with the technology and develop all the organisation related work on digital platforms.

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