Introduction to Management

Quiz-2

Choose any organization and conduct its SWOT analysis.

SWOT ANALYSIS
Organization Selected: PC Fanatics
SWOT Analysis is an essential component of the strategic Management Process. It
covers the strengths, weaknesses, opportunities and threats. Both are
combined with internal and external analyses.
 External analysis involves the scanning through environment of particular
and general conditions.
 Internal analysis covers the evaluation of corporate capital, ability and
practices. This splits into two types of assets. For one thing, it is very
straightforward to assess financial and physical assets, but also intangible
assets such as expertise, culture, credibility for companies, etc.
SWOT Analysis of PC Fanatics

Strengths:
A strength is a resource or ability that can be efficiently used by the organization to
meet the goals of the organization
 Strong online and on-site customer support. They responded to any customer
really quickly. The employees give you the requisite and truthful views on
what you want to buy. Thus many gamers admire them and have huge
confidence in them.
 Goods and services are up to standard in their consistency.
 The most comparative benefit of PC Fanatics over its competitors is that
they work very well on social media and have a quick reaction and response
time.
  Their goods are reasonably priced based and are according to the market
price. Every transaction they make, is also uploaded onto their social
media platforms that increase their reputation and enhance the trust of their
customers. They also provide services through their website. That makes this
organization to compete, not only in Lahore, but all over Pakistan.
 It is situated in Hafeez, the center of all technology products in Lahore, and
hence it captures an enormous number of customers.
 Every organization's workers are a very precious commodity because the
organization is nothing without them.  You need many individuals to create
a custom computer upon request. Hence there is a need for a healthy
partnership between workers and clients, which they have in
abundance.  That way, business will therefore continue to expand.
Weaknesses:
A weakness is a limitation, fault, or defect in the organization that will keep it from
achieving its objectives.
 The only possible weakness that we could think off was that they have only
1 Outlet in Lahore. Some people like to buy things face to face and not
online. This could be a hurdle for people that are not from Lahore. Hence
there is a need of expanding this organization to all the major cities of
Pakistan.
Opportunities:
An opportunity is any favorable situation in the organization's environment.
 There is always something new and innovative being introduced in the
market, especially if you are dealing with the technology products. The
company reacts in this respect very quickly and adjusts quickly to satisfy the
rising public demand. They try to adapt and function according to the
expectations and demands of society.
 It also has the opportunity to flourish internationally after the growth of this
company in Pakistan. They will turn them into an online shop and export
goods all over the world. That will improve their revenues and ultimately,
their profit margins.
Threats:
A threat in the organization's ecosystem is any adverse condition that could harm
its policy.
 Due to the outbreak of Covid 19, every company has faced
severe financial setbacks. The market remained shut down for a long time
and it would take time to rebound and recover from this drastic situation.
 There was a recent event taking place at Hafeez Center which burned down
the firm's store and products. It caused a lot of damage and huge loss. They
lost almost all of their resources.