Swot Analysis of Olympus B Case Study Solution

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Swot Analysis of Olympus B Case Help

Strengths

Stronger intake ability: The gross national 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 business environment: Olympus B Case Swot Analysis has a high income category and ranks in all aspects of organisation.

Easy to begin organisation: Regulations are relaxed for beginning brand-new service.

Low terrorism and political violence: Olympus B Case Swot Analysis has a serene political environment that probably attracts financiers.

Weaknesses

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

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

Worldwide orientation: Olympus B Case Swot Analysis generally depends upon trade. If any enormous ecological modification takes place, development will be subjected.

Government participation: Federal government intervention might restrict new entrepreneurs to develop their organisations.

Opportunities

Land may increase: Olympus B Case Swot Analysis can have its land increased if the dispute with Malaysia is solved.

Emerging markets: Service can be broadened in the land by generating ingenious concepts and items

Tourist nation: Through making enough investments in the tourism sector, more inflow of revenue can be produced as more and more tourists will be checking out the nation.

Threats

Insufficient supply chain: Olympus B Case Swot Analysis's production generally depends on raw material that are imported from other countries. This make them based on importation.

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

Multi lingual nation: Olympus B Case Swot Analysis has 3 languages used together at the same time. This can trigger issues to particular ethnic groups.

Growth Strategies

The federal government needs to promote startup services and help them preserve their operations by offering them supervision. In addition, guidelines related to entrepreneurship should be streamlined so start-ups owners are motivated to appropriately develop their organisations. Modularized training classes must be made compulsory on adults so they can acquire innovative skills under various certifications frameworks.

The working requirements to be done on tariff rates to motivate import export from the residents. The tertiary sector of Olympus B Case Swot Analysis likewise needs to connect up with overseas partners for more innovation of the hub and local market

Olympus B Case Swot Analysis is a hub of Southeast Asian areas; it must build a framework to more develop the facilities. Changi airport can be expanded with a fifth terminal. Freight port can be constructed in Tuas in addition to speed rail line in Kuala lumpur. An underground metropolitan facilities can also be established.

These infrastructural advancements will lead a road towards faster financial development and will attract more international business to setup. Solid facilities not only offer the facility to operate in but likewise develops task chances.

Focus shall be made on establishing techniques that help establish brand-new technologies for business. Jobs of information science and data collection should be promoted. The world is moving towards the era of digitalization. It is substantially crucial to stay connected with the innovation and establish all the business associated deal with digital platforms. Lesser workforce is required when system is digitalized. Precision of the work also improves.

Rewards must be offered by the government, to promote start-up development. Research and advancement strategies need to be developed for the startups to enhance their present operations. Workshops and trainings need to be provided so startup owners can have a roadmap to follow.