Reference no: EM132216449
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?