Business strategy - SWOT analysis

This video about Business strategy introduces the idea behind doing SWOT analyses.

The course provides a complete Business Education: Business Strategy, Management, Marketing, Accounting, Decision Making & Negotiation in just under 10 hours.

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Strategy module table of contents:

MBA in a Box: Introduction
1. What does the course cover?

Section: 2

Strategy: An Introduction
2. The role of Strategy and what makes a Strategy successful
3. The difference between Corporate and Business Strategy
4. The importance of the Mission, Vision, Goals, and Values statements

Section: 3
Strategy: The industry lifecycle model
5. The four stages of the industry lifecycle model - An introduction
6. The strategic importance of the industry lifecycle model
7. The Introduction stage - A new industry is born
8. The Growth stage - An industry in its expansion phase
9. The Maturity stage - An industry at its peak
10. The Decline stage - An obsolete industry

Section: 4
Strategy: Porter's Five Forces model - The competitive dynamics in an industry
11. Michael Porter's Five Forces model
12. The threat of new entrants
13. The threat of substitute products
14. The intensity of current competition
15. The bargaining power of suppliers
16. The bargaining power of clients
17. Porter's Five Forces framework applied in practice

Section: 5
Strategy: Game Theory - Studying the interaction between multiple parties
18. An introduction to Game Theory
19. Zero-sum games - approaching situations with a win-lose perspective
20. Non-zero-sum games - considering both cooperation and confrontation
21. Tobacco companies - a real-life example of Game Theory application

Section: 6
Strategy: Focusing on the inside of a business
22. Focusing on the inside of a business - An Introduction
23. A company's lifecycle model - what should be done at different stages

Section: 7
Strategy: Acquiring a competitive advantage
24. The quest for a competitive advantage - An Introduction
25. The importance of building a sustainable competitive advantage
26. The role of resources and capabilities
27. Acquiring an actual competitive advantage

Section: 8
Strategy: The three main competitive strategies
28. The three main competitive strategies
29. Cost leadership - sell cheap
30. Differentiation - be different
31. Niche (Focus) strategy - find your niche market
32. The danger of hybrid strategies

Section: 9
Strategy: Corporate growth strategies
33. The types of growth opportunities companies pursue
34. Organic growth - building a solid foundation
35. Inorganic growth - leveraging M&A transactions
36. Horizontal integration
37. Vertical integration

Section: 10
Strategy: The SWOT analysis framework
38. An introduction to SWOT analysis
39. SWOT analysis in practice - Starbucks

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Strategy analysis has two main branches – analysis of a firm’s external environment and analysis of a firm’s internal environment.

SWOT is a famous framework that allows us to combine the two types of analysis. SWOT is sometimes referred to as internal-external analysis. The acronym SWOT stands for Strengths, Weaknesses, Opportunities, and Threats.

The first two, Strengths and Weaknesses, are related to a firm’s internal environment, while the last two, Opportunities and Threats, consider its external environment.

Internal strengths and external opportunities are vertically paired as helpful elements, while internal weaknesses and external threats are paired as harmful elements.

if we perform a company analysis, under strengths, we would expect to see its core competences, the areas where the business excels and has a competitive advantage over competitors.

Weaknesses are areas that need improvement. Such vulnerabilities place a company at a disadvantage when competing against other firms.

Opportunities can be seen as favorable factors existing in a company’s external environment, in the industry where it operates, and have the potential to improve its current results and competitive positioning.

Threats arise in a company’s external environment and might harm its current business.

[thatsolidliquid]

I’ve learnt more from this video than from my actual business teacher.

[JenniferWynters-kvkm]

I really liked how short yet detailed your video is. I shared it with a friend who is struggling with an assignment. I also used your video as guidance along with a SWOT analysis tool from Creately they have some ready-made templates as well. Thanks again for the great video!

[ProsperityGrowthPower]

Absolutely! Opportunities can indeed enhance a company's competitive position by leveraging favorable external factors. Skilled top management teammates play a crucial role in seizing these opportunities. It's vital for businesses to be aware of both opportunities and threats in order to adapt and thrive. Keep up the great insights! 💯

[nyanpraterjr]

T = Threat. At 2:45, "If you can identify a T (threat), you can lesson its impact by taking precautions." Thank you, 365 Careers, for making and publishing this video. It's my understanding that as top-Wiki succeeds at helping others advance science much faster than they could otherwise, for the sake of good (disease curing, engine building, life-extension, etc.), it always is at risk of getting 'shut-down' if it, even accidently, teaches others how to build weapons of any kind.

[avni_cutebaby]

That's really simple and great way to learn about SWOT analysis.

[arashchitgar]

Like the way, you explained it. Thanks a lot!!!

[lunamorris]

Tons of valuable information, thank you so much. It helped me a lot.

[Nasrullah]

Normal people: learn SWOT analysis to use it in business, productivity\ people...
Me: learning it to become better thinker at the game I'm playing

[mrscrimsonbutterfly]

Hello where can I find the Internal & External analysis video?

[SlugSomFan]

Love the video, but why does the animated woman have crazy eyes? :O

[ntcuongct]

Dear Friends,
I have a question:
When creating Strategic Business Units (SBU), should they examine the market size, size and complexity of the company?. Could you help?. Thank you.

[minhthuanluu]

how did you do it can you share with me, thank you

[ntcuongct]

Dear Friends,
The XYZ company have 2 business units: car, steel. Head-quater of it stay in Singapore.
in 2021 year, this company want to expand business to USA, Japan.
I know the company-level strategy is expansion.
What's business-level strategy?. Thank you.

[ngala_mbale]

I don't understand, i come from Indonesia