SWOT Analysis for New World Innovations (Essay Sample)

SWOT Analysis For New World Innovations
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Various organizations employ SWOT analysis tool to collect information regarding their internal and external issues of the company. The technique involves the strengths of the company, weaknesses, opportunities, and threats.
Strengths
NWI Company was founded in the year 2000 by two friendly and developed a national reputation due to the provision of their quality products in the British market. The company has various strengths that support their business operations. For instance, strong support and investment from private investors is a strength to the entity, which has supported NWI to become the market leader across the European markets including the United Kingdom. Additionally, the collaboration of the firm with the leading world supplies of office equipment is one of the strength to NWI. Such a link has enhanced their business operations of developing a spectrum of excellence commodities that could enhance company penetration to the broader global market and shape the progress of business and its expansion. Further, launching of a Home Office system Hub designated as a robust machine that carries out numerous operations is a strength to the company to make more sales and generate more revenue. Remarkably, the product had received reviews for its innovations, functionality, and design along with price in trade shows and technical press. Notably, availability of qualified professionals could help the firm to identify their weak areas and looks for necessary mitigation measures to remedy the situation.
Weaknesses
Various weaknesses have encountered the launch of the HOSH2016 product. The external consultant who had carried out an examination of the company revealed that multiple units of the product have severe defaults that require management attention. For example, the sparse setting of a manufacturing plant is a weakness that emerges in the entity. The checks and balances of the firm have also revealed a gap leading to poor quality standards of made products distributed to suppliers. However, the management has not taken proper mitigation measures to prevent the loopholes that lead to inferior products of their firm that cannot satisfy or even meet the consumer requirements in the market. Further, the shifting of one worker from one unit to the next department without proper training was discovered in the audit to be a weakness in the firm that resulted to poor performance, thereby leading to faulty items manufactured from the plant. Besides, lack of corporation among professionals from different units is a threat that could affect the activities of the firm. Also, when the plant was launched, some professionals were not included in the planning and implementation process to provide their input regarding the operations of the entity, hence threatening the success of the firm.
Opportunities
The presence of investors in the market that supports the operations of the company was a significant opportunity for the company. The primary objective for such investors was to promote the activities of the firm to see it progress to the next level of their production. The firm also had an opportunity of venturing into new