Swot Analysis of Bob Fifer Case Study Help

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Swot Analysis of Bob Fifer Case Solution

Strengths

Stronger usage capability: The gross national income (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: Bob Fifer Case Swot Analysis has a high income category and ranks in all aspects of business.

Easy to begin business: Laws are unwinded for starting brand-new service.

Low terrorism and political violence: Bob Fifer Case Swot Analysis has a peaceful political environment that more than likely brings in investors.

Weaknesses

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

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

Global orientation: Bob Fifer Case Swot Analysis primarily depends upon trade. If any huge environmental change happens, development will be subjected.

Federal government involvement: Federal government intervention might limit brand-new entrepreneurs to establish their companies.

Opportunities

Land might increase: Bob Fifer Case Swot Analysis can have its land increased if the disagreement with Malaysia is fixed.

Emerging markets: Business can be expanded in the land by generating ingenious ideas and items

Tourism country: Through making adequate investments in the tourist sector, more inflow of revenue can be created as more and more tourists will be going to the country.

Threats

Insufficient supply chain: Bob Fifer Case Swot Analysis's production mainly depends upon raw material that are imported from other countries. This make them dependent on importation.

Rising water level: At time of flood, the entire island might perish

Multi linguistic country: Bob Fifer Case Swot Analysis has 3 languages utilized together at the exact same time. This can cause problems to particular ethnic groups.

Growth Strategies

The government must promote start-up companies and help them preserve their operations by providing them guidance. In addition, guidelines associated with entrepreneurship should be streamlined so startups owners are encouraged to appropriately establish their services. Modularized training classes need to be made obligatory on adults so they can obtain ingenious skills under different certifications structures.

The working requirements to be done on tariff rates to encourage import export from the locals. The tertiary sector of Bob Fifer Case Swot Analysis likewise needs to link up with overseas partners for further development of the hub and regional market

Bob Fifer Case Swot Analysis is a center of Southeast Asian regions; it must build a framework to more establish the infrastructure. An underground city facilities can also be established.

These infrastructural advancements will lead a road towards faster financial development and will draw in more multinational business to setup. Strong infrastructure not just offer the center to operate in however also creates task chances.

Focus shall be made on developing strategies that help develop brand-new technologies for the business. Tasks of data science and information collection must be promoted. It is substantially essential to keep in touch with the technology and develop all the company associated work on digital platforms.

Incentives should be supplied by the federal government, to promote start-up development. Research and development plans should be developed 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.