FEASIBILITY STUDY is a powerful tool when putting up a business.
SOAR ANALYSIS combines the people's ideas, dreams and interests to fuel an energizing vision to work.
Strengths in a SWOT ANALYSIS are assets, resources, capabilities and challenges.
Opportunities in a SWOT ANALYSIS are success, profit, discoveries, breakthroughs.
Aspirations in a SWOT ANALYSIS are what to achieve in the future or goals.
Results in a SWOT ANALYSIS are success indicators and best outcomes.
SOAR ANALYSIS is essential to leverage strengths, minimize threats and to take advantage of available opportunities.
Identify the strengths of an internal and consumer perspective can generate more assets such as employees, financial resources, business location, competitiveness.
Identify the weaknesses of an internal and consumer perspective could challenge the achievements of business success such as staff absenteeism, lack of intellectual property, declining market shares.
Identify the opportunities from an external perspective contribute to business success such as new technology, training programs, partnerships.
Identify the threats from an external perspective harm the whole business organization such as rising unemployment, increasing competition, higher interest rates, global markets and certainty.
TOWS MATRIX is a way of taking a swot analysis further, to provide actionable links between the different parts of your business and environment.
Four key factors in a TOWS MATRIX are Strengths/Opportunities (SO), Weaknesses/Opportunities (WO), Strengths/Threats (ST), Weaknesses/Threats (WT).
IMPACT TO INTERNATIONAL TRADE
Feasibility Study is a tool used in business to assess the viability of a new project.
Soar Analysis is a tool that combines people's ideas, dreams, and interests to fuel an energizing vision to work.
Strengths in business are assets, resources, capabilities, and challenges.
Opportunities in business are success, profit, discoveries, and breakthroughs.
Aspirations in business are what to achieve in the future or goals.
Results in business are success indicators and best outcomes.
SWOT Analysis is essential to leverage strengths, minimize threats, and to take advantage of available opportunities.
Identifying strengths from an internal and consumer perspective can generate more assets.
Identifying weaknesses from an internal and consumer perspective could challenge the achievements of business success.
Identifying opportunities from an external perspective contribute to business success.
Identifying threats from an external perspective harm the whole business organization.
TOWS Matrix is a way of taking a SWOT analysis further, to provide actionable links between the different parts of your business and environment.
Porter’s Five Forces goal allows the organization to study the market’s movement while identifying its standing among competitors.
Forecasting in business is employing business prediction that could contribute to future success.
Benchmarking in business is a process to measure performance against competitors.
Various economic factors affecting business and industry include interest rate, exchange rate, recession, and social status and income.
Interest rate is the amount a lender charges for the use of assets expressed as a percentage of the principal.
Exchange rate is the value of one nation's currency versus the currency of another nation or economic zone.
Recession is a macroeconomic term that refers to a significant decline in general economic activity in a designated region.
Social status and income predispose an individual to better health.
Education level influences the type of occupation a person can get and ultimately their income level.
Economic Growth and Development of a country can also have an impact on the social status of its citizens.
A Feasibility Study has six (6) different parts: Chapter 1 covers the introduction, statement of the problem, scope and delimitation of the study, definition of terms and the review of related literature.
Bonds are loans an investor makes to a corporation, government, federal agency or other organization in exchange for interest payments over a specified term plus repayment of principal at the bond's maturity date.
Genetics is the study of genes and inheritance in living organisms.
Social Support Network refers to support from family, friends and the community, culture of the community, such as traditions, beliefs and customs.