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What interesting trends are you aware of

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Question: Think about the Non-Alcoholic business you are developing and you described in week 1 discussion. (business name is attached)

As part of the business plan, you will be required to conduct a SWOT analysis (Strengths, Weaknesses, Opportunities and Threats) in Assignment 2.

For this week's discussion, respond to the following only:

1. Discuss three OPPORTUNITIES you can identify for your NAB business.

2. Identify and discuss the most significant THREAT.

3. Justify your response.

To help you address this week's discussion:

Video explaining how to answer this week's discussion

Video explaining concepts related to this section.

Notes: • Have a heading for each section and bold. List the opportunities first (bullets or numbers) and then explain. List the most significant threat and then explain.

Opportunities: 1. What good opportunities can you spot?

2. What interesting trends are you aware of?

Useful opportunities can come from such things as:

• Changes in technology and markets on both a broad and narrow scale.

• Changes in government policy related to your field.

• Changes in social patterns, population profiles, lifestyle changes, and so on.

• Local events.

Threats:

• What obstacles do you face?

• What are your competitors doing?

• Are quality standards or specifications for your job, products or services changing?

• Is changing technology threatening your position?

• Do you have bad debt or cash-flow problems?

• Could any of your weaknesses seriously threaten your business?

Reference no: EM132216449

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