SWOT analysis provide strength, weakness, opportunity and threats. Opportunity a
ID: 373648 • Letter: S
Question
SWOT analysis provide strength, weakness, opportunity and threats. Opportunity and treats are external parameter & question arose is there possibilities that whatever threats available today can become opportunity for tomorrows business. Similarly strength and weakness get analysis by identifying weakness, is there possibility to turn this this weak component in strong components.
Tiffany and company- In case of Tiffany and company most important element is human being and staff available. If sales points of view if company is interested in increase its sales revenue then as by providing proper sales training sailing skill of sales person can boost revenue. Similarly if safety facility available to company to supervise its stock then more advance technical equipment can be deployed. From business point of view to attract interest of maximum number of customer it require proper atmosphere this atmosphere can be maintain by providing utmost clean lines and updated decoration. This are all supplementary thing but core product is jewelry. By analyzing the existing design of jewelry & comparing with those design which is more demand by using feed back from opinion tools available on internet and different analysis from expert more updated design of jewelry can be replaced by exiting one. Documentation policy & alteration in payments mode credit facility helps lot to boost business revenue.
Explanation / Answer
Prepare a report including an analysis to examine the internal environment strengths and weaknesses of "Tiffany and Company" jewelry retailer.
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