The information that is helpful in comparing the resources and the capabilities with the environment which is competitive is done easily by the SWOT Analysis. Because it is instrumentally formulated by the strategy and the selection.
For planning the strategy scanning the environment internally and also externally is important. The basic environment factors are as S - Strengths, W- Weakness, O- opportunities, and T - Threats. This kind of environment is referred to as SWOT analysis.
Generally a firm must not work with the opportunities that are profitable. Rather it has an advantage in competitively developing the best fit between the strengths of the firm and the opportunities that are upcoming. For some cases, the weakness of the firm can be overcome by the pursuing the compelling opportunity.
In order to develop these kind of strategies, a SWOT matrix can be constructed. To develop strategies that take into account the SWOT profile, a matrix of these factors can be constructed.
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Strategies of Strengths and opportunities: Pursuing the opportunities that are fitting in a best way with the strength of the company.
Strategies of Weakness and the opportunities: The best way is to overcome the weakness for pursuing the opportunities.
Strategies of Strengths and Threats: Identifying the ways for making the best use of the strengths for reducing the vulnerability to the external links.
Strategies of Weakness and Threats: Plan defensively to prevent the weakness of the firm and to make it susceptible from the threats from the external sources.
SWOT Analysis between business and the organizations
In business the most important thing is to know and have a better understanding about, where the organization best fits and has the interactivity with the environment around it. The management team is benefitted by researching the environment around. This is performed for both short term and long term developing strategies. Apart from this, before attempting to understand the opportunities and the threats it is more important to recognize the strength and the weakness. For analysis the best way is to approach is to identify the strengths and the weaknesses prior to tackle the opportunities and the threats.
The SWOT analysis has to be done in a more comfortable way and more important thing is to understand it. In order to improve the companies performance the objective is to determine a good strategy for the future.
Strengths of the business can be considered as:
Good financial position currently
Workforce that is skilled
Recognized company name on basis of National, Regional, and Local levels
Installation of the latest machinery
Premises that are our own
Little or no competition
Weaknesses of the business:
Poor financial position at present
Workforce that is not skilled
Unorganized company name at National, Regional, and Local levels
Machinery that is not updated with the technology
Premises that are of rent
Location that is poor for the needs of the business
Problems with the stocks
A financial position that is good which will create good reputation for getting the bank loans and the borrowings.
Workforce that is skilled which can be moved to other areas.
A bankrupted competitor
Installation of the broadband connectivity
Power spending increment in the Local and National economy
Moving the product in to the market sector that is new.
Increased and large competition
Wages for the rising cost
Due to the poor current location getting the relocation costs
To build the future expansion, local authorities that refuse plans
The interest rates that are increased
Approaching for the end of season
The current product that is becoming unfashionable
In order to form a strategy, now analyze all the points closely that were focused in the SWOT analysis. This can involve the way to exploit the opportunities and the way to eliminate the Threats. All this will depend on the company's goals and objectives.
Dynamics of Business
In the day to day work, the employees face the increasing complexity and the changes that accelerate. This brings the need for the training which facilitates the development in terms of the knowledge and the skills which is important for this kind of environment. Business has to dynamically improve always which needs the base as learning through computer. The purpose for creating the learning environment in the business is to maintain the interactivity between the management team and the employees. This stimulates the representation of the real picture in the business that will help the improvement in a dynamic way. This will benefit the learning process as a whole.
SWOT analysis on Film Industry
Avatar movie analysis
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Marked to Standard
Let us have deep analysis of the movie titled AVATAR to begin the SWOT analysis of the film industry. The movie is released in America in 2009 with the concept of the fiction in epic science. This film was written and directed by James Cameron.
The movie was budged with $237 million and estimated costs were $280 million, $310 million for the production of the movie, and finally $150 million for the promotion of the movie.
The movie was screen in many theaters and have had a good collection over all. As the movie was a box office hit and the collections to the producers were huge, it has created a low budget to the other movies and the other language film industries. Because most of the audiences were selecting the movie Avatar to any other movie, this made a huge loss to the other language film industries.
Effects of SWOT analysis
Due to the reach of many customers, in India the film Industry is becoming more popular. This is because most of the people from various segments are customers to the industries like television and the film.
The strength of the media and the entertainment industry has become the middle class people who are growing.
Changes in the life style and the patterns of the masses of entertainment in India.
The innovations in the technologies like the channels that have online distribution channels, web stores etc.
The film industry in India is the largest in the world and it is due to the number of films produced and the huge number of tickets sold.
Good returns are invested in terms of the Media and the Entertainment industry due to the reason that the cost is low and the revenue is high.
Indian Media and Entertainment sector is segmented.
Lack of the distribution infrastructure and the production cohesively specially in cases of music.
In the low socio-economic classes due to the lack of efforts the penetration of the media is low.
The increase of the investors globally
In the poor sections of the society, the media penetration is low. This is opportunity for growth in this area.
The new distribution channels is the area of development.
De-regulation rapidly in the market
Raise in the expenditure
The innovations in the technologies like multiplexes, animations, and the distribution channels like Internet, mobiles, etc, provide a wide range of opportunities for development.
Violating the proprietary rights, encouraging piracy rate are the major threats to the industry.
Content lacking the quality
The media faces trouble in succeeding in the market due to the frequent changes in the technologies.
Management Decision making
Generally the essential skill for career success and particularly for effective leadership is, Good decision making. You can time and again lead your team to spectacular and well-deserved success, by making timely and well-considered decisions. However, making poor decisions, risks your team failure and your time as a leader will become brutally short.
This section contains various techniques which help you to make the best possible decisions with the information available to you. These tools help you in mapping out the possible consequences of decisions, make out the importance of individual factors and choose the best course of action.
It is obvious that an organization's profits and goals can improve significantly with better management decision making and problem solving. My research has revealed that the SM-14 model is undoubtedly the best management decision making tool. Quite a number of studies have revealed that managers do not accomplish not more than 50% correct results in their decision making and problem solving. Why is it so? This technique of decision making has been taught only to a small extent in our colleges and universities. Now a day many offer a decision sciences course. But, extensive teaching of a good introductory lesson to decision-making and a decision-making model formula which is suitable as a standard, such as SM-14, has been lacking. To teach decision-making based on a universal complete model, such as SM-14 and a standard short model would be a marvelous progress in management decision-making.
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Generally, there has been a lack of understanding by all students, in knowing the significance of studying decision-making technique as a separate subject, although some have been stressing lessons on decision making. More material and guidance is offered by this site, for our academic society to develop improved introductory courses and lessons, strategies for all managerial students and others, mainly since no copyright is claimed on the material provided on this site, which is exceptional for the learning of managerial decision-making.
In organizations, the whole hypothesis of decision making must be taught for successful decision-making. The SM-14 model includes not only the 11 steps/phases of mental activity but also includes 3 supporting components that cover the system concept of trouble solving and decision-making. No chances are taken. The supporting components explicitly cover decision making techniques and methodologies.
The Peter Drucker's management science was is not just time and motion studies and effectiveness of production workers, as Taylor made famous. The reality is the application of a model formula for the scientific method system, SM-14 to all stages of an organization. As SM-14 ideal for management decision-making, it should be incorporated in all books on management. Managers and employees should think about learning different decision making techniques, as there was no good decision-making technique or system that has been sufficiently taught in the past. Large organizations should arrange training courses based on the material available here for a successful decision-making technique or methodology.
A review of my Research Report #4, Models, Systems, Guides for Decision Making in the Literature, shows many authors offering slightly different decision making model formulas. This should not be the situation to have a correct management science that properly covers managerial decision making.
Markets & Competitions
The laws of supply and demand are quite obvious in a competitive market. Competition leads businesses to try out new ways to catch the attention of customers by cutting down prices, improving quality and budding new products and services.
Take an example of a football or any other competitive team sport. The more number of teams present, the harder and smarter all the teams have to work to play their best game and also delight the audience at the same time. Competition encourages change and thus helps to keep business electrifying. Entrepreneurs are continuously taking risks (like the players), because, the market is continuously changing (just like the game).
The federal government has its own authoritarian agencies to maintain business practices in check, just like a referee enters a game to impose rules and regulations. Regrettably, government regulations or any other thing that keeps entrepreneurs from entering the market will make it less spirited. Unfortunately, this less competition unavoidably leads to higher prices, inferior quality and lesser new products and services.
One of the most important jobs of government in business is to prevent against the formation of monopolies. A monopoly is formed when one company or a cooperating group of companies reins the supply of a product or service for which there is no alternative. The word monopoly is derived from two Greek words-one is monos, meaning "single," and the other is polien, meaning "to sell."
Economists actually divided the types of monopolies into four categories:
2. Pure competition
3. Monopolistic competition
In a monopoly, there is only one dealer for a product or services for which the buyers cannot that easily find an alternative. Monopolies are very rare, but in the U.S., the U.S. Postal Service and some other public utilities such as electric, gas, water are considered monopolies.
In a pure competition, an industry is comprises of a large number of producers that sell almost similar products. Pure competition is also very rare, but in the U.S., the trade of wheat and a few other agricultural products come close to make a pure competition.
In monopolistic competition, various varieties of the same products or services, and also close alternatives of each others products or services are sold by rivals businesses. For example, various styles of clothing are sold by hundreds of manufacturers.
In an oligopoly, few companies dominate the industry. As a result, the policies of each company greatly influence other companies' policies. The best examples of oligopolies are U.S. automobile and computer industries.
Many are the causes for monopolies. In some cases, a company may find a way of accomplishing a volume of production same as its competitors through more competent ways and as a result the competitors are driven out of business. In some industries, various obstacles or entry blockades can stop new companies from entering the market. Entry blockades can include licenses and patents which gives only one of the companies the right to produce a specific item. Or, if the supply of raw material required to make a required product is controlled by one company, a monopoly may arise.
These days, antitrust laws are imposed by the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice. The FTC can give order to any company to stop unfair methods of competition. The Antitrust Division inspects and act against businesses that breach antitrust rules and regulations.
Over many centuries, progressively closer contacts have been established by human societies across the world. Recently, the speed of global integration has radically increased. Extraordinary changes in the communications, transportation and computer technology areas have given the process new momentum and making the world more inter-dependent than ever before. Multinational organizations produce products in various countries and sell to the consumers around the globe. Money, technology and raw materials move smoothly across the national borders, than ever before. Ideas and cultures circulate more freely, along with these products and finances. As a result of this, laws, economies, and social activities are formed at the international stage.
This site takes into consideration, not only the Globalization of the Economy but also the globalization of Politics, the globalization of Culture and the globalization of Law. The globalized world sweeps away the regulation and weakens the local and the national politics, just as the consolidation of the nation, state swept away local economies, languages, cultures and political figures. Even as globalization causes widespread suffering, disorder and unrest, it creates new markets and wealth. It is a source of both domination and a catalyst for global activities of social justice and liberation.Â The great financial crisis of the year 2008-09 has exposed the dangers of an unstable, deregulated, global economy, but it has also given rise to the important global ideas for a change.
The term globalization includes a wide range of social, political and economic changes. In the section Defining Globalization, we present an introduction to the key debates. The provided materials ask what's new in there, what drives the process, how it changes the politics and how it influences the global institutions such as the UN.
Globalization expands and speeds up the exchange of different thoughts and commodities over huge distances. The globalization's impacts are often best understood at the local level, but it is common to discuss the happening in highly generalized terms. Cases of Globalization discover the various demonstrations of interconnectedness in the world, making a note of how globalization influences real people and places.
The data on the increasing global interconnectedness and drawing a statistical and graphic picture of Globalization are provided by Tables and Charts on Globalization.
Often Globalization appears to be a force of the nature, a phenomenon without limits or alternatives. But the movements by the people have revealed that it is neither unchangeable nor predictable. People from all over the world - ordinary people from the global North and South can work together to give a shape to alternate futures, to construct a globalization of cooperation, harmony and respect for our common earthly environment.
Effects of globalization on firms and industries
One of the main features of the existing process of globalization that is identified is the proliferation and strengthening of the international organizations. In this article I, use the case of the World Trade Organization (WTO), to propose a new explanation as to how international institutions influence the performance of state and non-state actors. This new conceptualization allows us an alternative view on the political scope of globalization, including the most important question of the so-called "weakening" of the state and the possible turn down of US powers.
Taking the case of the WTO into consideration, I identify three historical processes: the legalization of international, the denationalization of state and the liberalization of the domestic. Taking into consideration of Jessop's strategic-relational approach to political institutions, I show that institutional organizations are tactically selective, so that the policy results in the international stage depend on a complex interaction between the institutional arrangements in position and the political strategies used in support of or confrontation to the actions of the organization. I show how this selection of the WTO has been biased in favor of the trade liberalization.
By investigating the specific implications on the United States, I show that the assignment of power to the international organizations and the shift in the political approach put some restrictions on the capacity of developed countries to compel their motive on others. However, this has not resulted in the deterioration of the state. Instead, it has resulted in the deterioration of some of the state agencies and the domestic actors and in the strengthening of others.
Public opinion convenes globalization with mixed feelings. People agree that the customers benefit from the trade, but at the same time they are deeply concerned by its impact on job security. Fueled by number of headlines about the layoffs and the outsourcing, many of them fear that the globalization will even deteriorate their prospects on the labor market. To a certain level, economic theory can lessen this fear. Workers who lose their jobs due to this trade liberalization have to undergo a period of active exploration before finding new employment opportunities. During this period of changeover, the job reallocations boost the amount of frictions in the labor market which involuntarily pushes the rate of unemployment upwards. On the other hand, comparatively very little is known about the long-run outcome of trade liberalization on the unemployment. This is mostly because; equilibrium theories of the trade and labor are still poorly incorporated. Our attempt in this paper is to bridge the two literatures by proposing a structure which combines the currently dominant approaches in each of the fields.
We integrate a somewhat generalized version of Melitz's (2003) trade model with the Pissarides' (2000) canonical model of the equilibrium unemployment. Building on the Hopenhayn (1992) and Krugman (1980), the Melitz-model demonstrates how the trade liberalization influences the productivity distribution of firms through the selection of efficient firms into exporting and of inefficient firms into an exit. That selection outcome enjoys massive pragmatic support and constitutes a concrete source of gains from the trade that the earlier literature has paid a very little attention to. Our analysis proposes that it also matters for labor market outcomes. We find that, for reasonable constraint values, the refining effect of the trade lowers search unemployment. As the cost of the vacancy posting which is relative to the output of the average firm, decreases, the employers strengthen their recruitment efforts. This helps in improving the ratio of job vacancies to the unemployed workers, which interns leads to the lower unemployment and the higher real wages. Our framework generalizes Melitz's and Pissarides' set-ups in the following way. Firstly, we allow for a flexible parameterization of the exterior scale result through which the input diversity influences aggregate productivity. This helps us to straighten out the selection effect from the diversity-enhancing effect of the trade which is modeled by Krugman (1980). It also deals with recent pragmatic evidence by Ardelean (2007) which puts the strength of the scale outcome at a level that is substantially lower than the one which is completely assumed in the literature.