Post on 12-Jul-2015
SWOT ANALYSIS
Submitted by
Neeraj Singh Tanwar
WHAT IS SWOT ANALYSIS?Swot analysis is basically analysing a company’s :
STRENGTH
OPPORTUNITIES
WEAKNESS
THREATS
DEFINITION OF SWOT ANALYSIS
A SWOT analysis is a planning tool used to understand the Strengths, Weaknesses, Opportunities, and Threats involved in a project or in a business.
It involves specifying the objective of the business or project and identifying the internal and external factors that are supportive or unfavourable to achieving that objective.
SWOT is often used as part of a strategic planning process. SWOT or TOWS is an acronym for Strengths, Weaknesses, Opportunities, Threats.
SWOT ANALYSIS’ HISTORY
•ORIGIN IS CREDITED TO ALBERT HUMPHREY.
•DEVELOPED AT STANFORD.
•FUNDED BY FORTUNE 500 COMPANIES.
•TOOK 9 YEARS TO DEVELOP.
•INVOLVED 5000 INTERVIEWS.
SWOT IN DETAIL.....Strengths of hospitality industry
Natural and cultural diversity.
Demand-supply gap.
Government support.
Increase in the market.
Weaknesses of hospitality industry
Poor support infrastructure
Slow implementation
Susceptible to political events
Opportunities of hospitality industry
Rising income
Open sky benefits
Unique experience
Threats of hospitality industry
Fluctuations in international tourist arrivals
Increasing competition
Unstable economy
Terrorist activities
Political turbulence
APPLICATIONS OF SWOT ANALYSISA SWOT analysis can be used for:
Workshop sessions
Problem solving
Planning
Product evaluation
Competitor evaluation
Personal Development Planning
AIM OF SWOT ANALYSIS Reveal your competitive advantages
Analyze your prospects for sales, profitability and product development
Prepare your industry for problems
Allow for the development of contingency plans
SWOT ANALYSIS OF TAJ HOTELS
Strengths
107 yr old established brand
64 rank in fortune 500
Understanding different customer needs
High brand salience or image
Celebrity status
Iconic Stature
Early expansion
Strategic location
First mover advantage
WeaknessComplex ownership
structure(Hindrance from property owners)
Brand dilution
Confused customer perception
Only NRI s knew about it
Non users positioning was not clear
Brand abuse
Losing emotional appeal
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Opportunities
Untapped potential
41% middle affluent class
Luxury market to expand in INDIA
Liberalization expanding into international markets
Increase in tourist
Gateway to fill middle segment vaccuum
Threats
Terrorist attack- rebuilding customer confidence in the brand
New brands are launching at the same time—at the time of attack
Liberalization—foreign competitor’s entering the market
37 brands coming to India
Recession
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