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|Instructions to Write A Nike SWOT Analysis
Working on a SWOT analysis takes time. And, if you are working with a brand, for example, Nike SWOT pest analysis case study, then you will need to concentrate fully and collect data. Several other things are there that you need to focus on.
Most of the students try to take facts and information from different websites, but they miss the company's official website. The majority of students forget to add facts and figures in the SWOT analysis.
They end up making other mistakes which eventually affect the quality of their work. Let's discuss a few instructions students can follow to write a Nike SWOT analysis.
1. Decide the objective of your SWOT analysis- Working on a SWOT is very different from lab report writing or essay writing.
You should start with a question or purpose to get the most out of your SWOT analysis.
A SWOT analysis, for instance, could be used to determine whether you should launch a new product or service or alter your business procedures of Nike.
2. Research to know the company- Before starting the SWOT analysis, you need to conduct some studies to understand your company, industry, and market.
Talking to workers, business partners, and clients will help you gain a variety of viewpoints.
Additionally, do market research to learn who Nike's current competitors are.
3. Discuss the strengths of Nike- The first step is to determine and list the qualities you believe Nike has.
Strengths in the company's workforce, financial resources, location, cost advantages, and competitiveness are a few examples.
Make sure you address the SWOT analysis's identified vulnerabilities.
The list of flaws might show how the company has developed over time.
You might find that the vulnerabilities have been addressed when you evaluate the SWOT analysis a year from now.
Even if you can discover new flaws, the fact that the previous ones are gone indicates that you've made progress.
4. Discuss opportunities for Nike- Consider Nike's potential opportunities. These are different from a company's internal strengths and are not always clear.
For example, an opportunity for one part of a company could pose a threat to another (e.g. you may consider introducing a new product to keep up with consumer trends, but the competitors may already have a similar product).
Keep in mind that the same thing shouldn't be included as a danger and an opportunity in the SWOT analysis.
5. Potential threats- Describe the outside elements that Nike might face as threats or problems.
Rising unemployment, increased competition, higher interest rates, and the unpredictability of international markets are a few dangers.
You can refer to a few leadership case study examples of Nike online to discuss realistic threats.
6. Establish priorities- After completing the procedures mentioned earlier, you will have 4 distinct lists.
These lists should ideally be side-by-side so you can see how Nike as a company is performing overall and what problems you need to address.
Then you can determine which concerns need to be addressed immediately and which ones can wait (i.e. develop 4 prioritized lists).
You can take information from commercial law case study help and other sources in this matter.
You need to follow these six steps to complete a Nike SWOT analysis. Do not rush, and try to write each point in a simple manner. Always take information and data from genuine and reliable sources. Check each piece of information twice and then include it in your paper.
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