Swot Analysis of Quality Furniture Co 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 >> Harvard >> Quality Furniture Co >> Swot Analysis

Swot Analysis of Quality Furniture Co Case Analysis

Strengths

More powerful consumption ability: The gross nationwide earnings (GNI) increased to 55790 in 2010 from 32780 in 2001. The GDP likewise increased from $91148 in 2001 to $208765 in 2010. The GDP growth rate is 14.5%.

Pleasant company environment: Quality Furniture Co Case Swot Analysis has a high earnings classification and ranks in all elements of business.

Easy to start organisation: Regulations are unwinded for starting new service.

Low terrorism and political violence: Quality Furniture Co Case Swot Analysis has a peaceful political environment that most likely brings in financiers.

Weaknesses

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

Island size: Company development is restricted since of the minimal size of island.

Global orientation: Quality Furniture Co Case Swot Analysis mainly depends on trade. If any massive ecological modification takes place, development will be subjected.

Federal government participation: Government intervention might limit new business owners to establish their businesses.

Opportunities

Land might increase: Quality Furniture Co Case Swot Analysis can have its land increased if the conflict with Malaysia is resolved.

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

Tourist nation: Through making adequate financial investments in the tourist sector, more inflow of revenue can be generated as increasingly more travelers will be visiting the nation.

Threats

Incomplete supply chain: Quality Furniture Co Case Swot Analysis's production mainly depends on basic material that are imported from other nations. This make them depending on importation.

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

Multi lingual nation: Quality Furniture Co Case Swot Analysis has 3 languages utilized together at the same time. This can trigger issues to particular ethnic groups.

Growth Strategies

The government needs to promote start-up businesses and assist them maintain their operations by supplying them supervision. In addition, policies related to entrepreneurship needs to be simplified so start-ups owners are encouraged to appropriately develop their services. Modularized training classes should be made required on adults so they can acquire ingenious skills under numerous credentials frameworks.

The working requirements to be done on tariff rates to motivate import export from the residents. The tertiary sector of Quality Furniture Co Case Swot Analysis likewise needs to connect up with overseas partners for further development of the center and regional market

Quality Furniture Co Case Swot Analysis is a center of Southeast Asian regions; it needs to construct a framework to more develop the facilities. Changi airport can be broadened with a fifth terminal. Freight port can be constructed in Tuas along with speed railway in Kuala lumpur. An underground metropolitan facilities can likewise be established.

These infrastructural advancements will lead a roadway towards faster economic development and will draw in more multinational business to setup. Strong infrastructure not only provide the facility to work in however likewise produces job opportunities.

Focus shall be made on developing strategies that help establish new innovations for the business. Jobs of data science and data collection must be promoted. It is considerably crucial to keep in touch with the innovation and develop all the service related work on digital platforms.

Incentives need to be supplied by the government, to promote start-up development. Research study and development strategies must be developed for the startups to improve their current operations. Workshops and trainings need to be provided so start-up owners can have a roadmap to follow.