Competition among existing competitors

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Let's look at what is happening outside your organization to find out the positive and negative factors that may affect your organization. Framework for analyzing the external environment for PEST and Porter 5 forces. Gather information based on the framework.


Threat of New Entrants
Threat of Substitute Products
The power of customers
The power of suppliers
 

Chance
 

Opportunities are chances for something positive to happen.

 

Opportunity specific questions
What opportunities might arise from germany telegram number database situations outside the organization?
Have there been any changes in government policies, social patterns, demographics and lifestyles relevant to your industry?
What are the market trends?
How are your competitors responding to market changes?
 

threaten
 

A threat is anything that negatively impacts your organization.

 

Threat-specific questions
Are there any emerging competitors in your space?
Are there any changes in market regulation?
How are technological changes affecting your company?
Is there a problem with the supply chain?
Has the market changed?

Internal Environment
Internal Environment

After investigating the external environment, it’s time to analyze your organization. Let’s be honest about your positives and negatives.

Our Strengths
Strengths are things that you do well or better than others and things that make you unique in the market.

Specific questions about strengths
What does your organization do better than your competitors?
What factors differentiate you from your competitors?
What are your advantages?
Does your organization have access to specific materials?
What about the manufacturing process?

weakness
Weaknesses are areas where your organization needs improvement.

Specific questions targeting weaknesses
What can you improve?
What are you missing?
What do your competitors do better than you?
Are there any resource limits?

Cross SWOT
To put these analyses into practice, you need to incorporate the two factors of strengths, weaknesses, opportunities, and threats.

Our Strengths & Opportunities
A strategy to maximize opportunities by exploiting strengths.
Our Strengths & Threats
Strategies for managing threats using company strengths.

 

Opportunities & Weaknesses
A strategy to not miss opportunities due to company weaknesses.

 

Weaknesses & Threats
Strategies to avoid worst-case scenarios due to company weaknesses and threats.

A SWOT analysis helps you understand your organization's internal and external environment. It is a simple but very useful framework when you are developing informal and formal strategies.