Swot Analysis of Gibson Insurance Company Case Study Solution

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 >> Gibson Insurance Company >> Swot Analysis

Swot Analysis of Gibson Insurance Company Case Analysis

Strengths

Stronger usage 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 development rate is 14.5%.

Pleasant company environment: Gibson Insurance Company Case Swot Analysis has a high income classification and ranks in all aspects of organisation.

Easy to begin organisation: Regulations are relaxed for starting new service.

Low terrorism and political violence: Gibson Insurance Company Case Swot Analysis has a tranquil political environment that more than likely draws in investors.

Weaknesses

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

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

International orientation: Gibson Insurance Company Case Swot Analysis primarily depends upon trade. If any huge environmental modification occurs, development will be subjected.

Federal government participation: Federal government intervention might limit new business owners to develop their companies.

Opportunities

Land might increase: Gibson Insurance Company Case Swot Analysis can have its land increased if the conflict with Malaysia is fixed.

Emerging markets: Company can be expanded in the land by bringing in ingenious concepts and items

Tourism country: Through making adequate financial investments in the tourist sector, more inflow of earnings can be generated as a growing number of travelers will be visiting the country.

Threats

Incomplete supply chain: Gibson Insurance Company Case Swot Analysis's production generally depends upon basic material that are imported from other countries. This make them dependent on importation.

Increasing sea level: At time of flood, the whole island might perish

Multi lingual country: Gibson Insurance Company Case Swot Analysis has 3 languages used together at the very same time. This can cause issues to respective ethnic groups.

Growth Strategies

The government needs to promote startup companies and help them preserve their operations by offering them supervision. In addition, regulations associated with entrepreneurship needs to be streamlined so startups owners are encouraged to correctly establish their services. Modularized training classes should be made mandatory on grownups so they can acquire ingenious skills under different credentials structures.

The working requirements to be done on tariff rates to encourage import export from the locals. The tertiary sector of Gibson Insurance Company Case Swot Analysis also requires to link up with overseas partners for further innovation of the hub and regional market

Gibson Insurance Company Case Swot Analysis is a center of Southeast Asian regions; it ought to build a structure to more establish the facilities. Changi airport can be broadened with a 5th terminal. Freight port can be constructed in Tuas together with speed rail line in Kuala lumpur. An underground city facilities can also be established.

These infrastructural developments will lead a road towards faster economic development and will bring in more international companies to setup. Solid infrastructure not just supply the center to operate in but also creates task opportunities.

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

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