Swot Analysis of Compass Records 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 >> Kelloggs >> Compass Records >> Swot Analysis

Swot Analysis of Compass Records Case Help

Strengths

Stronger usage ability: The gross nationwide 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 development rate is 14.5%.

Pleasant service environment: Compass Records Case Swot Analysis has a high earnings classification and ranks in all elements of company.

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

Low terrorism and political violence: Compass Records Case Swot Analysis has a peaceful political environment that probably attracts investors.

Weaknesses

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

Island size: Business advancement is restricted because of the restricted size of island.

Global orientation: Compass Records Case Swot Analysis mainly depends on trade. If any enormous environmental change takes place, growth will be subjected.

Government participation: Government intervention may restrict new business owners to establish their businesses.

Opportunities

Land may increase: Compass Records Case Swot Analysis can have its land increased if the disagreement with Malaysia is resolved.

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

Tourist country: Through making adequate financial investments in the tourism sector, more inflow of income can be created as more and more tourists will be checking out the nation.

Threats

Incomplete supply chain: Compass Records Case Swot Analysis's production primarily depends upon basic material that are imported from other countries. This make them based on importation.

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

Multi lingual nation: Compass Records Case Swot Analysis has 3 languages utilized together at the same time. This can cause issues to respective ethnic groups.

Growth Strategies

The federal government needs to promote startup companies and assist them preserve their operations by supplying them guidance. In addition, policies related to entrepreneurship must be streamlined so start-ups owners are motivated to properly develop their companies. Modularized training classes should be made obligatory on adults so they can obtain ingenious skills under various certifications structures.

The working needs to be done on tariff rates to motivate import export from the locals. The tertiary sector of Compass Records Case Swot Analysis likewise requires to link up with overseas partners for more innovation of the hub and regional market

Compass Records Case Swot Analysis is a center of Southeast Asian regions; it must build a framework to further establish the infrastructure. Changi airport can be broadened with a fifth terminal. Freight port can be constructed in Tuas along with speed rail line in Kuala lumpur. An underground city infrastructure can also be developed.

These infrastructural developments will lead a road towards faster financial development and will bring in more multinational companies to setup. Strong infrastructure not only provide the center to work in but also creates job opportunities.

Focus shall be made on establishing methods that help develop brand-new technologies for business. Jobs of data science and information collection should be promoted. The world is moving towards the age of digitalization. It is considerably essential to correspond with the innovation and establish all the business related work on digital platforms. Lower workforce is required when system is digitalized. Accuracy of the work likewise improves.

Rewards should be supplied by the government, to promote start-up development. Research study and advancement strategies should be developed for the start-ups to improve their current operations. Workshops and trainings should be supplied so start-up owners can have a roadmap to follow.