Swot Analysis of The Lady Tasting Tea Case Study Solution

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Strengths

Stronger usage ability: The gross national income (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 business environment: The Lady Tasting Tea Case Swot Analysis has a high earnings category and ranks in all aspects of company.

Easy to start organisation: Regulations are relaxed for starting new organisation.

Low terrorism and political violence: The Lady Tasting Tea Case Swot Analysis has a peaceful political environment that probably draws in financiers.

Weaknesses

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

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

International orientation: The Lady Tasting Tea Case Swot Analysis mainly depends upon trade. If any huge ecological modification occurs, development will be subjected.

Federal government involvement: Government intervention may limit brand-new business owners to develop their businesses.

Opportunities

Swot AnalysisLand may increase: The Lady Tasting Tea Case Swot Analysis can have its land increased if the disagreement with Malaysia is solved.

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

Tourism nation: Through making enough investments in the tourist sector, more inflow of income can be generated as a growing number of travelers will be visiting the nation.

Threats

Insufficient supply chain: The Lady Tasting Tea Case Swot Analysis's production mainly depends on basic material that are imported from other nations. This make them depending on importation.

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

Multi linguistic country: The Lady Tasting Tea Case Swot Analysis has actually 3 languages used together at the same time. This can cause issues to respective ethnic groups.

Growth Strategies

The government must promote startup services and help them keep their operations by providing them guidance. In addition, regulations associated with entrepreneurship must be simplified so start-ups owners are motivated to properly develop their organisations. Modularized training classes should be made obligatory on grownups so they can obtain innovative abilities under different qualifications frameworks.

The Lady Tasting Tea Case Swot Analysis requires to deepen its worldwide relations and diversify with other international institution. This in turn would promote the trade in between nations resulting in more incomes and work. The working requirements to be done on tariff rates to encourage import export from the residents. Strengthening international relationship with Europe and other world would likewise increase employment opportunities. The tertiary sector of The Lady Tasting Tea Case Swot Analysis also needs to connect with abroad partners for additional development of the hub and regional market

The Lady Tasting Tea Case Swot Analysis is a center of Southeast Asian regions; it needs to build a structure to more develop the facilities. An underground city facilities can also be established.

These infrastructural developments will lead a roadway towards faster economic development and will attract more multinational business to setup. Strong facilities not just provide the facility to work in but also produces job opportunities.

Focus will be made on developing strategies that assist develop new technologies for business. Tasks of data science and data collection need to be promoted. The world is moving towards the period of digitalization. It is considerably essential to keep in touch with the technology and develop all the business related deal with digital platforms. Lower manpower is required when system is digitalized. Precision of the work also enhances.

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