The article is based on Walmart SWOT analysis, which can be found in the Library, in CayenneApps SWOT application. Walmart, the largest private employer in the U.S., has recently declared that it would increase the wages for a half-million of its employees. Companies like Gap, Ikea and McDonald’s, in order to reduce turnover and attract more […]
Strategy
3 ingredients of an effective business plan
Approximately 543,000 new businesses get started each month. Eight out of ten of them will fail within the first 18 months. Faced with these numbers which show that the possibility of failure is extremely high, preparing oneself for the challenges of new business and the continuous monitoring of its progress is an absolute necessity. The […]
Uber - SWOT analysis
The article is based on Uber SWOT analysis, which can be found in the Library, in CayenneApps SWOT application. Uber, a high-tech startup founded in 2009 which connects the transportation industry with technology by its ride-sharing app was the highest valued venture-backed company in the world in 2015. As of 16 December 2014, its service was […]
What is business strategy and how can one be developed easily?
Today’s article focuses on the final outcome of the SWOT analysis process: strategy. Let’s take a look at the whole process once again: What is strategy? Quoting the definition from Wikipedia: Strategy (from Greek στρατηγία stratēgia, “art of troop leader; office of general, command, generalship”) is a high level plan to achieve one or more goals under […]
4 steps to create your strategy with SWOT analysis
To create strategy with SWOT analysis there are only four steps which need to be done: ANALYSIS: Think about and identify features, then group them into four categories: Strengths, Weaknesses, Opportunities and Threats (you can read more about it below). SELECTION: Select the most valuable and important features from each category (read more). EVALUATION: Prioritize features by assigning an importance factor […]
What is SWOT analysis? Examples of SWOT
SWOT is one of the easiest and most effective methods of analysis. It can be applied both to business processes (such as determining market positions or validating new product ideas) or personal decisions (such the progress of career). The acronym SWOT stands for: Strengths Weaknesses Opportunities Threats The development of SWOT is credited to Albert Humphrey, who tested the […]