Preview

SWOT Analysis For Vehicle Dealership

Good Essays
Open Document
Open Document
713 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
SWOT Analysis For Vehicle Dealership
SWOT analysis is vital in strategic planning. The purpose of SWOT is to review organizations strength, weakness, oppoutiunitites and threats, as well as, address major issues within a strategic plan. Vehicle dealerships utilize SWOT to determine vital information in the local vehicle market. Vital information such as, obtaining vehicle loans, establish business objectives, and develop marketing strategies. “Note that the SWOT analysis evaluates the organization’s financial resources, people, and technical aspects of the organization (Tilley & Rosenblatt, 2017)”.
Two strengths that make my vehicle dealership stand out from the rest is our amazing customer service. My dealership has been in business since the early ninety’s and we are known for
…show more content…
One weakness that my dealership has is the ability to allow our customers to view the available cars online. We are currently working on this issue in hopes of increasing traffic to salesroom. Using this technology will allow potential customers to be able to view our cars online and be able to start the initial car buying experience online. Rebuilding the website is a temporary weakness that the dealership is working through to boost sales. My dealership is currently building a website with many possibilities, to include completing a vehicle loan application and having the convenience to view the array of vehicles on the car …show more content…
During the slow season that tends to threaten sales, we slash prices and offer rebates. When a hike in gas prices spike and threaten sales, we offering incentives on smaller vehicles, or gas cards for customers who purchases on larger vehicles. We pay special attention to our competitors in the areas and what incentives they offer in an attempt to make counter offer to potential customers.
Gantt charts are a visualization of a project from start to finish. Gantt charts read to left to right and from top to bottom. The chart beginning when the project kicks off and will end when the project is complete. In addition to showing all the task in order, Gantt charts show sequencing and dependency. Gantt charts also help businesses or project managers, control resources and time. This help the project managers know when or who is scheduled to work and when they are free. These charts create an effective way to visible see time, tasks and

You May Also Find These Documents Helpful

  • Powerful Essays

    Cis 210 Research Paper

    • 1323 Words
    • 6 Pages

    In this paper I will assume a new company has hired me to manage a project that will move the old Website from an externally hosted solution to an internal one. The company’s leadership is very concerned about redundancy for their site, insisting that a back-up site be available as a failover in case the main site goes down. In addition, they want the site redesigned to allow customers to order products online.…

    • 1323 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Mkt 421 Week 3

    • 782 Words
    • 4 Pages

    The SWOT analysis guides an organization to look at the position of the company against competitors and identify their strengths, identify, capitalize and exploit the opportunities the company has, recognize where the company needs to strengthen their position, and distinguish the threats that will directly affect the company if neglected. SWOT analysis support strategic management process because it help to develop the strategy a company make to improve their position in the industry. It is the framework that spawns innovation in an organization.…

    • 782 Words
    • 4 Pages
    Satisfactory Essays
  • Good Essays

    The SWOT analysis is “a historically popular technique through which managers create a quick overview of a company’s strategic situation (Pearce and Robinson, 2011, p. 140).” The SWOT analysis supplies Target with a strategic planning method in order to gauge all the strengths and weaknesses of the company as well as what opportunities are available to the company, and any threats that may arise when operating the company. SWOT allows Target to detect key issues within the environment. This method is essential for Target, because it offers succeeding stepladders in the course of development for achievement of certain objectives.…

    • 1181 Words
    • 6 Pages
    Good Essays
  • Good Essays

    Most likely time estimate is an estimate of the maximum time an activity will require.…

    • 6920 Words
    • 28 Pages
    Good Essays
  • Good Essays

    Problem-Based Learning Case Study 1. Define a project. How does the Alton Bridge meet the five characteristics of a project? Projects are a set of related tasks to be executed over a fixed period and within certain cost. The Alton bridge accomplish with a shared resource, the task is interrelated and cross functional team work and it involved uncertainty.…

    • 603 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Dav Case Study

    • 1003 Words
    • 3 Pages

    Insurance was becoming more ubiquitous and customers were having a hard time differentiating one firm from another. Of all their core capabilities, DAV’s customer service was seen as the best way of standing out of the insurance crowd. DAV management believed that customer service was a critical element in DAV strategy to maintain current…

    • 1003 Words
    • 3 Pages
    Good Essays
  • Better Essays

    A. The effect of Uncle Tom’s Cabin gave people a look at the lives of slaves and made it personal to the reader. Giving the North a greater sense of opposition to Slavery.…

    • 1153 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Gantt Chart

    • 406 Words
    • 2 Pages

    Gantt charts have become a common technique for representing the phases and activities of a project work breakdown structure (WBS), so they can be understood by a wide audience all over the world. The technique is frequently used in Project Management to help breakdown the project.[5]…

    • 406 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    Environmental Analysis

    • 1539 Words
    • 7 Pages

    A scan of the external and internal is essential in any organization’s planning process. A SWOT analysis defines the external and internal issues with which an organization much address in its strategic planning process. This type of analysis specifies the external and internal factors that are an advantage and disadvantage of the organization achieving its business objectives. The analysis guides the organization in matching its capabilities, resources, and challenges of the competitive environment in which it operates. External factors can include macroeconomic matters, technological changes, legislation, sociocultural, and competition. The internal factors can include personnel, finance, and manufacturing capabilities.…

    • 1539 Words
    • 7 Pages
    Powerful Essays
  • Better Essays

    Swot and Pestle

    • 1371 Words
    • 6 Pages

    SWOT analysis is a focusing device or framework in the process of formulating a business strategy. A strategy helps the organization build upon its achievements, plan for the future and monitor progress. An effective strategy should utilize unique strengths to distinguish the business from competitors. It should exploit…

    • 1371 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Lego Swot

    • 889 Words
    • 4 Pages

    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 and unfavourable to achieving that objective. The technique is credited to Albert Humphrey, who led a research project at Stanford University in the 1960s and 1970s using data from Fortune 500 companies.[1]…

    • 889 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Southeast Racing Parts (SRP) is a proposed specialty auto parts retailer focusing on the amateur car racing set. SRP is an imaginative business venture with a positive prospect for growth and expansion. The business plan demonstrates a majority of strengths and opportunities with only a minimum of discernable weaknesses and threats. Most of the potential negatives in this business plan are small, manageable, and can be overcome. After careful analysis, it appears that SRP is a good business risk with the potential for significant success.…

    • 1311 Words
    • 6 Pages
    Good Essays
  • Good Essays

    In order to implement all these factors of strategic planning into practice one should make the SWOT analysis. SWOT analysis is a set of major factors - Company’s Strengths, Weaknesses, Opportunities and Threats - for formulating strategic alternatives. The GE SWOT analysis shows its…

    • 918 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Chapter 3 of Systems Analysis and Design in a Changing World explains the techniques and steps required to build a project schedule using the Gantt chart view in MS Project. This appendix provides a similar explanation of how to build a project schedule, but it is based on using a PERT/CPM chart or diagram for the schedule format. A Gantt chart and a PERT/CPM chart both provide essentially the same information about project activities and tasks. Each chart has unique strengths and weaknesses. As you learned in Chapter 3, a Gantt chart is a type of bar chart that is superimposed on a calendar. The primary strength of a Gantt chart is that the bars show the duration and project progress as compared to the days and weeks of the calendar. The calendar comparison provides an effective visual representation of the project timeline and helps you track project progress, because the Gantt chart shows what should have been accomplished by a specific date and what has actually been completed on that date. Chapter 3 illustrates an example of the tracking view of a Gantt chart. A PERT/CPM chart, as you will learn in this appendix, is a network type of diagram with boxes that represent the tasks or activities of the project, and with connecting arrows that represent the sequence and dependencies between tasks. The strength of a PERT/CPM chart is that, as a network, it provides a visual representation of the relationships between tasks of a project. During the development of the project schedule, and especially while trying to determine task dependencies, a PERT/CPM chart is an effective tool. PERT, which stands for Project Evaluation and Review Technique, was first developed in the 1950s and was used by the United States Department of Defense to organize, monitor, and control very large, complex defense projects. CPM, which stands for Critical Path Method, was developed independently, also in the…

    • 4887 Words
    • 20 Pages
    Good Essays
  • Satisfactory Essays

    Swot Analysis – Wipro

    • 279 Words
    • 2 Pages

    SWOT Analysis examines the company’s key business structure and operations, history and products, and provides summary analysis of its key revenue lines and strategy.…

    • 279 Words
    • 2 Pages
    Satisfactory Essays