Preview

Axia College Swot Analysis

Better Essays
Open Document
Open Document
1110 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Axia College Swot Analysis
AXIA COLLEGE

SWOT (STRENGTHS, WEAKNESSES, OPPORTUNITIES, AND THREATS) ANALYSIS

The business plan is highly-detailed, written statement that explains the purpose of creating a new venture, either a new company or a new project in an existing company which will provide products to customers. A business plan contains several important kinds of information according to the Axia College text (2009):

A business plan explains the new venture or the business of a company model describing what kinds of product it will make and sell and why they will appeal to customers.

A business plan explains why and how the new venture will be able to compete successfully against established competitors

A business plan explains how the entrepreneur, business
…show more content…
To accomplish this according to the Axia College text (2009), an entrepreneur or functional experts perform a detailed SWOT analysis, which is a kind of strategic planning exercise.

SWOT analysis according to the Axia College text (2009) is a technique that focuses on identifying the internal Strengths and Weaknesses of the proposed new venture, such as the financial resources available for the project and the skills and experience of the entrepreneur and functional experts in marketing or manufacturing and being responsible for launching the new product. SWOT analysis also focuses on assessing external Opportunities and Threats in the competitive environment that will promote or impede the success of the new venture (this is the term SWOT analysis).

Safe Kids Child Care according to Bplans.com (2009) is a start-up organization that provides daycare services to Lynn, MA, a suburb of Boston. This mid-sized child care facility serves children from three months to six years of age. Their services are safe and secure, providing the parents with an excellent place where their children can be taken care of. The SWOT analysis for this, business according to Bplans.com (2009)
…show more content…
Many successful new products result from continuous hard thinking and from intuition and luck. They can also result from a formal, in-house strategic planning process whereby product development and marketing managers brainstorm ideas for new products or new ways to package and deliver them to customers. Once a new product idea has been generated, the crucial next step in creating a business plan is to test the feasibility of the new idea and the business model behind it. Safe Kids Child Care according to Bplans.com (2009) is offering such a business as it aims to offer safe and secure child care at all times; close personal attention to each child is essential by providing a quality experience for all children (Axia College, 2009 & Bplans.com

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Bsbwor501 Final Exam

    • 3837 Words
    • 16 Pages

    The demand for a potential business product, as well as the identification of what product or services is to be produced, are both contained in a business plan.…

    • 3837 Words
    • 16 Pages
    Satisfactory Essays
  • Powerful Essays

    The business plan is a written proposal that identifies the intended company, analyzes the business situation, lists planned operations, and projects financial data. It puts your business ideas into written form. Planning is critical to a successful business. Types of plans vary according to the needs of the business. For example, plans…

    • 1376 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    A business plan is a forward roadmap for business growth and success. The document usually looks 3-4 years ahead and outlines the path a business will use in order to turn a profit.…

    • 494 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Business Plan Activity

    • 450 Words
    • 3 Pages

    You are invited to complete a business plan activity. The business plan is designed to help you communicate what your business will look like as you start and what your goals are for the future. Please review the instructions below.…

    • 450 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    MANAGE OPERATIONAL PLAN

    • 3195 Words
    • 10 Pages

    A business plan sits between the highest-level plan (the strategic plan) and the operational plan. A business plan is a formal statement of a set of business goals and objectives that are to be achieved to meet the strategic objectives of the organisation. The business plan includes the reasons why the goals and objectives are believed to be attainable, the plan for reaching those goals inclusive of relevant information about the organisation.…

    • 3195 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Business 121 Midterm Review

    • 3573 Words
    • 10 Pages

    A business plan is a formal written document that explains the entrepreneur’s vision and how it will be converted into a profitable viable business…

    • 3573 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    SWOT analysis is a strategic planning method used to evaluate the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business venture. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favourable…

    • 1555 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    A business plan is a formal statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals. It may also contain background information about the organization or team attempting to reach those goals (Stanford University, 2011). A good business plan contains key aspects including an executive summary and an analysis of opportunity. An executive summary, sometimes known as a management summary, is a short document or section of a document, produced for business purposes, which is intended as an aid to decision making by managers and has been described as possibly the most important part of a business plan (Lavinsky, 2012). Opportunity analysis is the strategy of assessing the potential for a change or enhancement to enhance the generation of revenue. Setting goals and plans are important aspects of planning, which sets the basis for all the tasks managers do. Through the use of formal planning, managers can identify specific goals during a specific time period, and specific plans are written for these goal to be met. This elevates business failure, because managers can organise its proposed tasks to ensure the productivity of the organisation, which in return results in business…

    • 2200 Words
    • 9 Pages
    Powerful Essays
  • Satisfactory Essays

    Team Creation

    • 731 Words
    • 3 Pages

    Having a strategic plan is the guide to goals and to succeed in a business that has been marketed as strong and the ability to make a difference in a community struggling.…

    • 731 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Imp Business Plan

    • 379 Words
    • 2 Pages

    Presenting the investment case to an outsider. This key function provides the focus for this note. Essentially, business plans are sales documents. What they are selling is your business idea, your product or service and, above all, you and your track record. But in selling these things you are also competing. Figures from the venture capital industry indicate that roughly 85% of all business plans are rejected almost at once, 15% are given serious consideration but only 5% reach the negotiating stage. Your target is that final 5%.…

    • 379 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Specific Purpose: To inform my audience about the components and importance of developing a business plan.…

    • 621 Words
    • 3 Pages
    Satisfactory Essays
  • Best Essays

    SWOT Analysis

    • 2678 Words
    • 9 Pages

    There are many useful analytical methods that can be used in strategic analysis; SWOT analysis is a comprehensive tool to fulfill all the requirements in strategic planning. It is a…

    • 2678 Words
    • 9 Pages
    Best Essays
  • Good Essays

    A business plan is not only essential for starting a business or for raising funds, but it is vital for running the business. It will help you keep on a specific course or alert you to situations when things are not going to plan and force you to take action.…

    • 693 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Interview an Entrepreneur

    • 1415 Words
    • 6 Pages

    A business plan plays the most significant role in the startup of a new venture. A business plan should always include; an executive summary, or “snapshot” of your business, the business’s mission statement, company description, S.W.O.T. analysis, marketing strategy, and financial analysis.…

    • 1415 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Small Business Enterprise

    • 542 Words
    • 3 Pages

    The new business plan will decide the growth of business in future and create more challenges that need improving. By this way, managers and staffs can identify strengths and weaknesses in marketing, operation, management and financial. From that, they are able to produce solutions, policies in order to solve problems, overcome weaknesses and maintain its strengths.…

    • 542 Words
    • 3 Pages
    Good Essays