July 13, 2015
Professor Suzanne Remedies
With today’s economy taking a toll on many families and individuals lifestyle, it is becoming even more difficult to convince consumers that you, as a business, are what they are looking for. As both economy and business markets rise and fall in nature, businesses must determine “the major goals of the organization and the policies and strategies for obtaining and using resources to achieve those goals. This process is known as strategic planning” (Aqeel Ahmed Khan, 2014). The organization policies are broad guidelines for action and its strategies determine the best way to use the ...view middle of the document...
Although there is no such thing as the perfect business plan, “to accomplish this, an entrepreneur or functional experts perform a detailed SWOT analysis” (Jones, 2007). A SWOT analysis may ensure the business plan captures every details regardless of how small they may seem and ultimately achieve the intended results. A SWOT analysis is used to determine an organizations strengths, weaknesses, opportunities, and threats within a business. The strengths and weaknesses are more often an internal issue and therefore within reach of being measured and resolved. As for the opportunities and threats within the business, they are an external issue and not always predictable.
SWOT Analysis Matrix
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Explaining, capturing, and providing all potential strengths, weaknesses, opportunities, and threats plus the alternative resolutions may provide all the necessary factors to obtain the almost perfect business plan. “To accomplish this, an entrepreneur or functional experts perform a detailed SWOT analysis,
The following SWOT analysis was conducted on an auto repair service business plan. “Quick and Dirty Auto Repair aims to offer high-quality repair services and a full range of auto parts.” ("Bplans", 2015)
Quick and Dirty Auto Repair Service
StrengthsComplete domestic and foreign care repair serviceFull-featured retail parts storeAcknowledgeable leaders and managementWell-trained employeesHold employees responsible for providing a high customer satisfaction Three convenient locations throughout Portland, OR.Sufficient room to service...