Assignment:
"CREAT SWOT Analysis OF YELLOW CAB PIZZA COMPANY"
SWOT Analysis of the The Yellow Cab Pizza Company Case Solution:
SWOT analysis helps the business to identify its strengths and weaknesses, as well as understanding of opportunity that can be availed and the threat that the company is facing. SWOT for The Yellow Cab is a powerful tool of analysis as it provide a thought to uncover and exploit the opportunities that can be used to increase and enhance company's operations. In addition, it also identifies the weaknesses of the organization that will help to be eliminated and manage the threats that would catch the attention of the management.
This strategy helps the company to make any strategy that would differentiate the company from competitors, so that the organization can compete successfully in the industry. The strengths and weaknesses are obtained from internal organization. Whereas, the opportunities and threats are generally related from external environment of organization. Moreover, it is also called Internal-External Analysis.
STRENGTHS:
In the strengths, management should identify the following points exists in the organization:
- Advantages of the organization
- Activities of the company better than competitors.
- Unique resources and low cost resources company have.
- Activities and resources market sees as the company's strength.
- Unique selling proposition of the company.
WEAKNESSES:
- Improvement that could be done.
- Activities that can be avoided for The Yellow Cab.
- Activities that can be determined as your weakness in the market.
- Factors that can reduce the sales.
- Competitor's activities that can be seen as your weakness.
OPPORTUNITIES:
1. Good opportunities that can be spotted.
2. Interesting trends of industry.
3. Opportunities for The Yellow Cab can be obtained from things such as:
- Change in technology and market strategies
- Government policy changes that is related to the company's field
- Changes in social patterns and lifestyles.
- Local events.
THREATS:
Following points can be identified as a threat to company:
- Company's facing obstacles.
- Activities of competitors.
- Product and services quality standards
- Threat from changing technologies
- Financial/cash flow problems
- Weakness that threaten the business.
Following points should be considered when applying SWOT to the analysis:
- Precise and verifiable phrases should be sued.
- Prioritize the points under each head, so that management can identify which step has to be taken first.
- Apply the analyses at proposed level. Clear yourself first that on what basis you have to apply SWOT matrix.
- Make sure that points identified should carry itself with strategy formulation process.
- Use particular terms (like USP, Core Competencies Analyses etc.) to get a comprehensive picture of analyses
Recommendations For The Yellow Cab Case Study (Solution):
There should be only one recommendation to enhance the company's operations and its growth or solving its problems. The decision that is being taken should be justified and viable for solving the problems.