Swot Analysis of Fiat Open Innovation In A Downturn 1993 2003 Case Study Solution

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Swot Analysis of Fiat Open Innovation In A Downturn 1993 2003 Case Analysis

Strengths

More powerful intake capability: 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 service environment: Fiat Open Innovation In A Downturn 1993 2003 Case Swot Analysis has a high earnings classification and ranks in all aspects of organisation.

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

Low terrorism and political violence: Fiat Open Innovation In A Downturn 1993 2003 Case Swot Analysis has a tranquil political environment that probably draws in investors.

Weaknesses

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

Island size: Business development is limited since of the limited size of island.

Global orientation: Fiat Open Innovation In A Downturn 1993 2003 Case Swot Analysis mainly depends on trade. If any massive ecological change takes place, development will be subjected.

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

Opportunities

Land may increase: Fiat Open Innovation In A Downturn 1993 2003 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 generating innovative concepts and items

Tourism nation: Through making sufficient investments in the tourist sector, more inflow of revenue can be created as a growing number of tourists will be going to the nation.

Threats

Insufficient supply chain: Fiat Open Innovation In A Downturn 1993 2003 Case Swot Analysis's production generally depends on raw material that are imported from other countries. This make them based on importation.

Rising sea level: Sometimes of flood, the entire island might die

Multi linguistic country: Fiat Open Innovation In A Downturn 1993 2003 Case Swot Analysis has 3 languages utilized together at the same time. This can cause problems to respective ethnic groups.

Growth Strategies

The government needs to promote start-up businesses and assist them preserve their operations by offering them guidance. In addition, policies related to entrepreneurship should be simplified so startups owners are motivated to correctly establish their companies. Modularized training classes should be made obligatory on grownups so they can get innovative skills under numerous credentials structures.

Fiat Open Innovation In A Downturn 1993 2003 Case Swot Analysis needs to deepen its worldwide relations and diversify with other multinational institution. This in turn would promote the trade in between countries resulting in more incomes and employment. The working requirements to be done on tariff rates to encourage import export from the locals. Enhancing international relationship with Europe and other world would also increase employment opportunities. The tertiary sector of Fiat Open Innovation In A Downturn 1993 2003 Case Swot Analysis also requires to link with abroad partners for further innovation of the hub and local market

Fiat Open Innovation In A Downturn 1993 2003 Case Swot Analysis is a hub of Southeast Asian areas; it needs to build a structure to further develop the facilities. An underground metropolitan infrastructure can also be established.

These infrastructural advancements will lead a road towards faster economic development and will attract more multinational companies to setup. Strong infrastructure not only provide the center to work in but also develops task chances.

Focus shall be made on developing techniques that assist establish new technologies for business. Tasks of information science and data collection should be promoted. The world is moving towards the era of digitalization. It is substantially essential to stay connected with the innovation and develop all business related work on digital platforms. Lower workforce is required when system is digitalized. Accuracy of the work also enhances.

Rewards must be provided by the federal government, to promote start-up development. Research and advancement plans need to be established for the start-ups to enhance their current operations. Workshops and trainings should be provided so start-up owners can have a roadmap to follow.