Constant change is the norm. With it comes an impact on long-established thinking, methods and strategic thrusts. Across the globe, business leaders are considering where opportunities exist or where risky threats may arise. The current situation is complicated by the highly dynamic nature of the business environment, which makes it difficult to ensure ongoing resilience and the associated security of business planning. It is therefore not surprising that the global economy has been plunged into an unprecedented crisis. As a result, not only internationally operating corporations but even entire countries have been hit hard. Almost daily, these companies therefore report effects on their business figures or announce conditions that threaten their existence. Nevertheless, there is hope: There are companies that use this situation as an opportunity and, through improved positioning, will even come out of this crisis situation better than they came in.
However, since market opportunities must be identified in order to be able to exploit them successfully, indicators are needed that highlight these opportunities and, in this context, also express how the respective opportunity can be exploited. However, risks should also be revealed and the company's personal strengths and weaknesses taken into account. After all, only those who have a sophisticated strategy can face market events with confidence and achieve success in the long term. The SWOT analysis can be described as such an indicator and is therefore the subject of this work.
Table of contents
List of figures
1. Introduction
1.1Problem statement
2. Basics
2.1 Definition SWOT Analysis
2.2 Company Analysis: Strengths and Weaknesses
2.3 Environmental Analysis: Opportunities and Risks
3. SWOT Application
3.1 SWOT Concentration
3.2 SWOT strategies
3.3 SWOT Analysis: Instrument of Strategic Corporate Management
3.4 Criticism
4. Conclusion
Bibliography
List of figures
Fig. 1: SWOT Strategies
Fig. 2: Areas Strengths-Weaknesses Profile
Fig. 3: Strengths-Weaknesses Profile
Fig. 4: Example Environmental Analysis
Fig. 5: SWOT Quadrants
Fig. 6: Result SWOT Analysis
1. Introduction
1.1 Problem statement
Constant change is the norm. This is accompanied by an influence on well-known considerations, methods and strategic thrusts. Around the world, business leaders are thinking about where opportunities are or where high-risk risks can arise.1 The current conditions are complicated by a high level of dynamism within the corporate environment, which means that persistently resilient conditions and the associated security within corporate planning are no longer guaranteed.2. It is therefore not surprising that the global economy has plunged into a long-unthreaty crisis. As a result, in addition to internationally operating corporations, even entire countries have been hit hard. Almost every day, these companies therefore report effects on their company figures or announce existentially threatening conditions. Nevertheless, there is hope: There are companies that are using this situation as an opportunity and, through improved positioning, will even come out of this crisis situation better than they came in.3
However, since market opportunities must be identified in order to be able to use them successfully, it is necessary to have indicators that show these opportunities and, in this context, also express how the respective opportunity can be used. However, risks should also be uncovered and the personal strengths and weaknesses of the company taken into account. because: Only those who have a sophisticated strategy can confidently look forward to market events and be successful in the long term. The SWOT analysis is to be described as such an indicator and is therefore the subject of this work.
1.2 Objectives and structure of the work
The aim of this work is to provide a conceptual definition of swot analysis and to describe what the actual use of this method is. There is also an explanation of why the SWOT analysis is an instrument of strategic corporate management. To this end, the work is divided into a total of four chapters. The first chapter is the introduction to this work. The second chapter defines the basics of corporate and environmental analysis. Chapter three then shows how and for what purpose the information obtained from the upstream analyses can be used and places the method in the context of strategic corporate management. Finally, the conclusion with a critical appraisal of the SWOT analysis forms the end of this work.
2. Basics
2.1 Definition SWOT Analysis
The SWOT analysis represents the origin in the long-term planning process and analyzes in this context the current strengths and weaknesses of the company as well as the opportunities and risks (= threats) of the market. These influencing factors are determined on the basis of the company analysis (internal) and the environmental analysis (external).4
Following these analyses, a consolidation of the important factors is carried out in order to be able to present the essential points clearly in a matrix.5 From this, a derivation of the long-term development of the company can now take place and thus a strategy development can take place. The SWOT analysis thus serves the actual analysis of the company with subsequent support for strategy development and the resulting long-term corporate management.6
The actual result of the SWOT analysis is to assess whether and to what extent the information obtained will have an influence on the company's development and how this can be counteracted. These findings are presented in the following way:7
Abbildung in dieser Leseprobe nicht enthalten
Fig. 1: SWOT Strategies
Source: Own presentation based on Horvath (2011), p. 333.
The derivation of these SWOT strategies and all upstream steps are now described in the following chapters. For a better understanding, each chapter contains a practical example, some of which build on each other.
2.2 Company Analysis: Strengths and Weaknesses
The company analysis pursues the goal of presenting the current strengths and weaknesses as neutrally as possible. This goal can be achieved through various tools. The analysis of the strengths and weaknesses, among many other methods, is a possible traditional means of business analysis. The strengths weakness analysis aims at the "identification and evaluation of the internal resources and capabilities of a company or a strategic business unit"8 Off.9 For this purpose, the most important areas of investigation must be identified at the beginning, which often extend to the following:
Abbildung in dieser Leseprobe nicht enthalten
Fig. 2: Areas Strengths-Weaknesses Profile
Source: Own presentation based on Stephan (2010), p. 90.
The knowledge gained regarding the strengths and weaknesses in these areas will now be compared with the competition in order to determine which strengths exist and which weaknesses should be reduced.10 These findings are then weighted.11
Strengths can be, for example, a broad range of products, an excellent qualification level of the employees, a good reputation or a large regular clientele that has gradually been built up. Weaknesses, on the other hand, are a non-existent financial cushion to meet a permanently low price level, product production from raw materials with a considerable fluctuation range in terms of purchase price and exchange rate, too long a time between customer order and delivery or a lack of motivation among employees.12
[...]
1 cf. . KPMG AG (2014): Märkte ohne Grenzen.
2 cf. PricewaterhouseCoopers AG (2011): 3 Minuten für Ihr Unternehmen.
3 cf. Ernst & Young GmbH (2014): Schwierige Märkte - neue Chancen.
4 cf. Horvath (2011), p. 329.
5 cf. Stephan (2010), p. 83.
6 cf. Scheld (2012), p. 242.
7 cf. Horvath (2011), p. 332.
8 Camphausen (2013), p. 53.
9 cf. Camphausen (2013), p. 53.
10 cf. Kreikebaum (1997), p. 139.
11 cf. Stephan (2010), p. 90.
12 cf. Scheld (2012), p. 68.
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