Sample Swot Analysis of a Onion Business
TABLE 3.SWOT ANALYSIS (Resource Analysis)
Resources
Strengths
Weaknesses
Money
The business proponents have enough capital to start the business.
Materials
The proponent has a direct contact with the onion farmers that will supply the raw materials needed.
Machines There is no machine available here in the country for faster drying.
Methods
There are available methods for dehydrating/ drying onions.
Manpower There is no need to hire professional workers.
Management The owners have engaged in business and they have sufficient knowledge and training in handling a business.
Moment(Time)
The proponents are dedicated to work full time in managing the business.
The resource analysis identifies the internal strengths and weaknesses that the firm is capable of doing at the start of the business.
Strengths are the factors that will contribute to the success of the prospective business. It includes money, materials, methods, manpower, management and time.
On the other hand, weakness refers to the factor/s that may cause the failure of the business. In establishing this business, machines are seen to be the major weakness of the company because of its unavailability in the national market. This weakness may affect the production of dried onion. The only option seen by proponents to overcome this weakness is to acquire the machine needed in the international market but it will cost too much so they decided to use the natural sun drying.
They also projected that the company can afford to acquire new drying technology after five years of successful operation.
TABLE 4. SWOT ANALYSIS (Environmental Analysis)
Factors in the Environment
Opportunities
Threats
Socio-cultural
The company has the opportunity to introduce dried onions as substitute for fresh onions.
People may still choose to use fresh onions as spices in cooking rather than preserved onion.
Technology and Technical The
Resources
Strengths
Weaknesses
Money
The business proponents have enough capital to start the business.
Materials
The proponent has a direct contact with the onion farmers that will supply the raw materials needed.
Machines There is no machine available here in the country for faster drying.
Methods
There are available methods for dehydrating/ drying onions.
Manpower There is no need to hire professional workers.
Management The owners have engaged in business and they have sufficient knowledge and training in handling a business.
Moment(Time)
The proponents are dedicated to work full time in managing the business.
The resource analysis identifies the internal strengths and weaknesses that the firm is capable of doing at the start of the business.
Strengths are the factors that will contribute to the success of the prospective business. It includes money, materials, methods, manpower, management and time.
On the other hand, weakness refers to the factor/s that may cause the failure of the business. In establishing this business, machines are seen to be the major weakness of the company because of its unavailability in the national market. This weakness may affect the production of dried onion. The only option seen by proponents to overcome this weakness is to acquire the machine needed in the international market but it will cost too much so they decided to use the natural sun drying.
They also projected that the company can afford to acquire new drying technology after five years of successful operation.
TABLE 4. SWOT ANALYSIS (Environmental Analysis)
Factors in the Environment
Opportunities
Threats
Socio-cultural
The company has the opportunity to introduce dried onions as substitute for fresh onions.
People may still choose to use fresh onions as spices in cooking rather than preserved onion.
Technology and Technical The