Strengths, Weaknesses, Opportunities and Threats for Human Resource Assignment - 2

Strengths, Weaknesses, Opportunities and Threats for Human Resource Management - Assignment ExampleSWOT compendium assists an organization in their decision making. There are various strengths associated with the Simpkins sweet company first, the company has stood the test of time since 1921, and secondly, the company only produces graphic symbol products. In addition, currently, it is able to export its products to 60 countries, which accounts for 25% of its overall income. The existing opportunities of this company are that it is able to keep up with technology thus organism able to sell online it also has efficient staff members. The addition of the sugar-free sweets to their menu is an added advantage since the diabetic customers can also benefit, thus boosting the company. In addition, the decision to go around another tinning line could lead to more sales in a day. Some of the threats of the travel sweet company include increasing competition, and the conception to expand o n their range means extra costs that will interfere with the profits, as come up as the fact that their 200g of sweets is not selling well as compared to the 50 grams. The companys weaknesses include the failure to expand to the Asian continent beca do of dissimilar water, which interfered with the seek of the sweets, and the Failure to move to another situate since some of their loyal and skilled employees cannot relocate. SWOT analysis -Human resource management -Accounting and finance -Marketing functions Strengths -Workers Working in shifts -A 25% income generated from exports -Exporting product to over 60 countries. -The use of the internet to sell online. - Ability to market sugar-free sweets thus increasing sales. Weaknesses -Few numbers of workers High turn-over due to - -Inability to expand business in Asia due to the different taste of the sweets. -Inability to establish another site, due to fear of the current employees not following the company. Opportunity -Hiring m ore employees with the establishment of a current tinning line - -penetrating to new markets -producing more of 50g packets of sweets. Threat -Increase of salaries Income rose to 3 million last year Increase in competition. Therefore, for the travel sweet company to be at a competitive advantage, it should try to expand on its territories by establishing a new site. The fact that their employees wont follow the company should not be a worry since the management can always hire new employees. This will enable the company to test new waters in a different location, and with time, it would prosper. On the production part, the company should set up another tinning line, since it will fasten production, thus increasing the number of sales made per day. On the human resource department, more employees should be hired, with the creation of a new tinning line.