Swot Analysis of Marriott Corp Case Study Analysis
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Strengths
More powerful usage ability: 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 development rate is 14.5%.
Pleasant service environment: Marriott Corp Case Swot Analysis has a high earnings category and ranks in all aspects of organisation.
Easy to start service: Laws are relaxed for starting brand-new business.
Low terrorism and political violence: Marriott Corp Case Swot Analysis has a serene political environment that most likely brings in financiers.
Weaknesses
Near to BRIC nations: Purchasers are influenced by others nations like India and China.
Island size: Company advancement is limited because of the limited size of island.
International orientation: Marriott Corp Case Swot Analysis primarily depends on trade. If any enormous environmental change takes place, development will be subjected.
Government involvement: Government intervention might restrict brand-new business owners to develop their businesses.
Opportunities
Land may increase: Marriott Corp Case Swot Analysis can have its land increased if the disagreement with Malaysia is resolved.
Emerging markets: Organisation can be broadened in the land by generating innovative ideas and products
Tourism nation: Through making sufficient investments in the tourist sector, more inflow of revenue can be created as increasingly more travelers will be visiting the country.
Threats
Insufficient supply chain: Marriott Corp Case Swot Analysis's production mainly depends on basic material that are imported from other countries. This make them depending on importation.
Rising water level: At time of flood, the whole island might perish
Multi lingual country: Marriott Corp Case Swot Analysis has 3 languages used together at the very same time. This can cause problems to respective ethnic groups.
Growth Strategies
The government should promote start-up services and help them maintain their operations by supplying them supervision. In addition, guidelines connected to entrepreneurship needs to be simplified so startups owners are motivated to correctly develop their companies. Modularized training classes should be made compulsory on adults so they can get innovative abilities under numerous certifications frameworks.
Marriott Corp Case Swot Analysis needs to deepen its international relations and diversify with other international organization. This in turn would promote the trade in between countries leading to more earnings and work. The working requirements to be done on tariff rates to encourage import export from the locals. Strengthening international relationship with Europe and other world would likewise increase job opportunity. The tertiary sector of Marriott Corp Case Swot Analysis likewise requires to link up with overseas partners for further development of the hub and regional market
Marriott Corp Case Swot Analysis is a center of Southeast Asian areas; it should build a framework to further establish the facilities. Changi airport can be expanded with a fifth terminal. Freight port can be constructed in Tuas in addition to speed railway in Kuala lumpur. An underground city infrastructure can likewise be developed.
These infrastructural advancements will lead a road towards faster economic development and will attract more international companies to setup. Solid facilities not just provide the facility to work in but also develops job opportunities.
Focus shall be made on establishing methods that assist develop new technologies for the business. Projects of data science and information collection should be promoted. The world is moving towards the period of digitalization. It is significantly essential to communicate with the technology and establish all business associated deal with digital platforms. Lower manpower is needed when system is digitalized. Precision of the work also enhances.
Incentives should be offered by the federal government, to promote start-up growth. Research and advancement strategies need to be developed for the start-ups to enhance their existing operations. Workshops and trainings must be supplied so start-up owners can have a roadmap to follow.