Swot Analysis of Is The Diamond Capital Of The World Losing Its Sparkle Diamond Trading And Cutting In A Changing Global Economy Case Study Solution

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Strengths

Stronger 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: Is The Diamond Capital Of The World Losing Its Sparkle Diamond Trading And Cutting In A Changing Global Economy Case Swot Analysis has a high income category and ranks in all elements of company.

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

Low terrorism and political violence: Is The Diamond Capital Of The World Losing Its Sparkle Diamond Trading And Cutting In A Changing Global Economy Case Swot Analysis has a serene political environment that more than likely draws in investors.

Weaknesses

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

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

Global orientation: Is The Diamond Capital Of The World Losing Its Sparkle Diamond Trading And Cutting In A Changing Global Economy Case Swot Analysis generally depends upon trade. If any massive ecological modification occurs, development will be subjected.

Government participation: Government intervention may restrict brand-new entrepreneurs to establish their companies.

Opportunities

Land might increase: Is The Diamond Capital Of The World Losing Its Sparkle Diamond Trading And Cutting In A Changing Global Economy Case Swot Analysis can have its land increased if the dispute with Malaysia is resolved.

Emerging markets: Business can be expanded in the land by bringing in innovative concepts and products

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

Threats

Incomplete supply chain: Is The Diamond Capital Of The World Losing Its Sparkle Diamond Trading And Cutting In A Changing Global Economy Case Swot Analysis's production primarily depends on basic material that are imported from other countries. This make them based on importation.

Increasing water level: At time of flood, the whole island might die

Multi linguistic country: Is The Diamond Capital Of The World Losing Its Sparkle Diamond Trading And Cutting In A Changing Global Economy Case Swot Analysis has 3 languages used together at the exact same time. This can trigger issues to respective ethnic groups.

Growth Strategies

The government must promote start-up organisations and help them preserve their operations by supplying them supervision. In addition, regulations connected to entrepreneurship must be streamlined so startups owners are encouraged to effectively establish their services. Modularized training classes need to be made mandatory on grownups so they can get ingenious abilities under numerous certifications structures.

The working requirements to be done on tariff rates to encourage import export from the locals. The tertiary sector of Is The Diamond Capital Of The World Losing Its Sparkle Diamond Trading And Cutting In A Changing Global Economy Case Swot Analysis also requires to link up with overseas partners for more development of the hub and local market

Is The Diamond Capital Of The World Losing Its Sparkle Diamond Trading And Cutting In A Changing Global Economy Case Swot Analysis is a hub of Southeast Asian regions; it ought to build a structure to further establish the infrastructure. Changi airport can be broadened with a fifth terminal. Freight port can be constructed in Tuas along with speed railway in Kuala lumpur. An underground metropolitan facilities can likewise be established.

These infrastructural advancements will lead a road towards faster economic growth and will draw in more multinational business to setup. Strong infrastructure not only provide the facility to work in however also produces task chances.

Focus will be made on establishing techniques that assist develop new technologies for business. Projects of information science and information collection should be promoted. The world is moving towards the era of digitalization. It is considerably important to correspond with the technology and develop all the business related deal with digital platforms. Lesser workforce is required when system is digitalized. Accuracy of the work likewise improves.

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