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Swot and Pest and Economic, Political, Social, Technological Factors

The document outlines the key aspects of performing a SWOT analysis, including identifying strengths, weaknesses, opportunities, and threats. It also discusses using SWOT analysis to determine strategies to improve sales and justify why SWOT analysis is useful. Additionally, the document discusses performing a PEST analysis to identify political, economic, social and technological factors that could influence an organization. Potential outcomes of SWOT and PEST analyses are identified.

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0% found this document useful (0 votes)
92 views5 pages

Swot and Pest and Economic, Political, Social, Technological Factors

The document outlines the key aspects of performing a SWOT analysis, including identifying strengths, weaknesses, opportunities, and threats. It also discusses using SWOT analysis to determine strategies to improve sales and justify why SWOT analysis is useful. Additionally, the document discusses performing a PEST analysis to identify political, economic, social and technological factors that could influence an organization. Potential outcomes of SWOT and PEST analyses are identified.

Uploaded by

preeyal
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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SWOT ANALYSIS

1. Outline THREE (3) types of information


that you will discover if you undertake
SWOT analysis.

 Strengths
 Opportunities
 Threats
 Weakness
 Determine if strengths can be matched with opportunities
 Determine if threats could be converted into strengths
 Determine if threats could be converted into opportunities
2. WEAKNESS
 Insufficient service
 Large data volumes
 Inaccurate data
 Insecure system
 Inefficient system
 Unreliable system
 Inefficient communication
 Staff concerns/morale/potential loss of jobs
 Various constraints uncovered by CATWOE
 Issues uncovered by stakeholder analysis
 Hardware problems
 Software problems
 Network problems
 Data entry problems
 Lack of system security training

3. STRENGTHS
• It has a good reputation
• Established company/brand/product
• Loyal customer base
• Experience/knowledge of the staff
• Sufficient finance
• Advantages that it has over other organisations
• Tasks that are performed well
• Good assets/facilities/location
• Effective information system
• Successful company
• Hard working staff
• Staff communicate well
• Large number of customers
• Expansion plans
• Plans to implement an improved information system
• Improved information system will satisfy customers
• Improved information system will aid couriers/other staff

4. THREATS
 Economic factors/funding
 Competition from other companies
 Market trends
 Political factors
 Environmental factors
 Factors relating to customers
 Factors relating to trends
 Factors relating to competitors
 Factors relating to finance
 Factors relating to politics
 Factors relating to society
 Factors relating to culture
 Factors relating to technology
 Factors relating to the environment
 Factors relating to the Media
 Legal factors

5. OPPURTUNITIES
 Opportunities to develop/use any competitive advantages
 Opportunities to make improved sales
 Opportunities to make improved profits
 Opportunities to meet new requirements of customers
 Opportunities related to economic trends
 Beneficial political/economic/social/technological opportunities
 Opportunities to develop strengths/skills that competitors don’t have
 Opportunities to maintain/further develop activities that are performed well at an
organisation
 Opportunities to use various assets
 Opportunities for expansion/growth
 Opportunities to develop/use the experience/knowledge of staff

6. SOLUTIONS TO DEAL THE WEAKNESS


• Find the causes of system problems
• Remedy the causes of system problems
• Ensure that the new system is efficient
• Ensure that the new system is secure
• Ensure that the new system is robust/no data is lost
• Ensure that no data is duplicated
• Ensure that data is accurate
• Reassure staff that there are no job losses planned
• Plan for sufficient time to be available for staff to learn how to use a new system
• The weaknesses could be converted into strengths
• The weaknesses can be converted into opportunities
• Strengths can be determined and matched with opportunities
 Match strengths with opportunities/put increased revenue towards improving/maintaining the
information system/use popularity to increase business/supportive management facilitate
less worried staff and potential improved productivity/new information system will facilitate
satisfied customers and staff

7. STRATEGY TO IMPROVE SALES OF A COMPANY


 Match strengths to opportunities
 Convert weaknesses or threats into strengths or opportunities

8. WHY PERFORM SWOT ANALYSIS? JUSTIFY.


• It can be used to provide a framework for reviewing the strategy, position, direction of an
organisation
• It can be used to identify the company’s strengths
• It can be used to identify the company’s weaknesses
• It can be used to identify any opportunities for the company
• It can be used to identify potential threats to the company
• It can be used to gather/structure/present/review information that specifies the aims of the call
centre
• It can be used to determine the company’s potential
• It could be used to match strengths and opportunities
• It can be used to convert weaknesses/threats into strength/opportunities

9. POTENTIAL OUTCOMES OF SWOT ANALYSIS


 It could determine whether or not the call centre has a good/bad reputation
• It could determine whether the call centre has sufficient finance/insufficient finance
• It could determine whether the call centre has loyal customers
• It could determine the staff who have considerable experience/knowledge
• It could determine the advantages that the call centre has over other companies/competitors
• It could determine which competitors could be a threat
• It could determine which tasks are performed well/poorly
• It could determine what improvements should be made
• It could determine a range of internal threats
• It could determine a range of external threats
• It could determine which strengths could be matched with opportunities
• It could determine strategies to convert weaknesses/threats into strengths and/or opportunities
PEST ANALYSIS

10. Pest analysis reveal various influences that could affect the development of the
information system. These influences(or factors) are:
• Political influences
• Economic influences
• Social influences
• Technology influences

Political influences/factors
• Government regulations
• Changes of government
• Government grants
• Pressure groups
• Wars and conflicts
• Laws/regulations
• Limitations to expansion
• Limitations to developing a competitive strategy
• Limitations to potential mergers

Economic influences/factors
• Interest rates
• Exchange rates
• Taxation issues
• International financial issues
• Recession
• Demand
• Supply
• Market growth
• Market decline
• The labour market
• Government policies and regulations

Society influences/factors
Award 1 mark for each bullet point up to a maximum of 3 marks.
• Advertising/marketing/publicity
• Lifestyle trends
• Consumer attitudes and opinions
• A brand, company, or technology image
• Consumer buying trends
• Fashion and role models
• Major events
• Cultural factors
• Ethical factors
• Environmental factors
Technology influences/factors
• Technology is out-of-date/poor quality
• Technology is operated by inexperienced/insufficiently trained staff
• Timescales for implementation of the technology are unrealistic
• Requirements/timescales/resources/budget/staff training/ implementation of the
technology is not planned adequately
• Only one solution for implementing technology is considered
• System components are developed individually which could lead to possible system
incompatibility/extra costs/extra time/inefficiencies
• There is insufficient funding available for the technology
• Designs for a new system are complex
• Developers are inexperienced

11. Potential Solutions(tasks) to Problems caused by Technological/ political/ social/


economic Factors
 Identified problem/issues should be documented
 A requirements specification that details the problems/issues should be produced
 A requirements specification should document solutions and/or recommendations
 Agreement should be reached between the systems analyst and the organisation’s stakeholders that
the solutions and/or recommendations are feasible
 A requirements specification should be produced that documents the negative influences
 The requirements specification should identify solutions to the negative influences
 The identified solutions should be agreed to be feasible
 The strengths at MAS should be analysed and documented
 Opportunities within MAS should be analysed/documented
.

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