Swot Analysis of Turn The Ship Around B 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 >> Ivey >> Turn The Ship Around B >> Swot Analysis

Swot Analysis of Turn The Ship Around B Case Solution

Strengths

More powerful 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 organisation environment: Turn The Ship Around B Case Swot Analysis has a high income category and ranks in all elements of business.

Easy to begin organisation: Laws are unwinded for beginning brand-new organisation.

Low terrorism and political violence: Turn The Ship Around B Case Swot Analysis has a serene political environment that most likely draws in financiers.

Weaknesses

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

Island size: Business development is limited because of the restricted size of island.

Global orientation: Turn The Ship Around B Case Swot Analysis generally depends on trade. If any enormous ecological change takes place, growth will be subjected.

Government participation: Government intervention might restrict new entrepreneurs to develop their services.

Opportunities

Land may increase: Turn The Ship Around B Case Swot Analysis can have its land increased if the disagreement with Malaysia is resolved.

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

Tourist nation: Through making enough financial investments in the tourist sector, more inflow of revenue can be created as a growing number of tourists will be visiting the country.

Threats

Insufficient supply chain: Turn The Ship Around B Case Swot Analysis's production generally depends on basic material that are imported from other nations. This make them dependent on importation.

Increasing sea level: Sometimes of flood, the entire island might perish

Multi lingual nation: Turn The Ship Around B Case Swot Analysis has 3 languages utilized together at the very same time. This can trigger problems to respective ethnic groups.

Growth Strategies

The government must promote start-up services and help them maintain their operations by supplying them guidance. In addition, regulations related to entrepreneurship must be simplified so startups owners are encouraged to properly establish their companies. Modularized training classes need to be made mandatory on grownups so they can get ingenious skills under different credentials frameworks.

Turn The Ship Around B Case Swot Analysis requires to deepen its worldwide relations and diversify with other international institution. This in turn would promote the trade between nations leading to more profits and employment. The working requirements to be done on tariff rates to encourage import export from the locals. Reinforcing international relationship with Europe and other world would also increase job opportunity. The tertiary sector of Turn The Ship Around B Case Swot Analysis also requires to connect with overseas partners for more development of the center and local market

Turn The Ship Around B Case Swot Analysis is a hub of Southeast Asian areas; it needs to construct a structure to further develop the facilities. An underground metropolitan infrastructure can also be developed.

These infrastructural advancements will lead a road towards faster economic development and will attract more multinational business to setup. Strong facilities not only provide the center to work in however also creates task chances.

Focus shall be made on developing strategies that help develop new innovations for business. Tasks of information science and data collection must be promoted. The world is moving towards the era of digitalization. It is significantly important to correspond with the technology and develop all the business associated deal with digital platforms. Lesser manpower is required when system is digitalized. Precision of the work also improves.

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