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Week 3

SWOT
Analysis

Hospitality Marketing
Nur Agustinus
SWOT: Description
• A SWOT analysis generates
information that is helpful in
matching an organization or
group’s goals, programs,
and capacities to the social
environment in which it
operates.
• It is an instrument within
strategic planning.
SWOT: Internal Factors
• Strengths
–Positive tangible
and intangible
attributes, internal
to an organization.
–They are within the
organization’s
control.
A SWOT strength could be:
• Special marketing (or other) expertise
• A new, innovative product or service
• Location of a business
• Being a market leader
• Quality processes and procedures
• Any other aspect of a business that adds value
to the product or service
Weaknesses

• Weaknesses
– Factors that are within
an organization’s
control that detract
from its ability to
attain the core goal.
– Which areas might the
organization improve?
A SWOT weakness could be:
• Lack of marketing (or other) expertise
• Undifferentiated products or services (i.e. in
relation to your competitors)
• Location of your business
• Poor quality goods or services
• Price that is too high
• Damaged reputation
Compare with competitors
SWOT: External Factors
Opportunities

– External attractive factors


that represent the reason
for an organization to
exist and develop.
– What opportunities exist
in the environment,
which will propel the
organization?
– Identify them by their
“time frames”
Opportunities
• Are there new situations
coming down the road that you
can take advantage of (new
programs being offered, new
faculty joining the department,
new tools available to you)?
• Are there gaps in the “market”
that you can fill?
• Are there partnerships that
might be fruitful?
A SWOT opportunity could be:
• A developing market such as the Internet
• Mergers, joint ventures or strategic
alliances
• Moving into new market segments that
offer improved profits
• A new international market
• A market vacated by an ineffective
competitor
• Technology
Threats
• Who is your competition and what do
they offer that you can’t do as well or at
all?
• Are there “environmental” changes or
situations that could cause problems for
you and your programs?
• What other roadblocks are being thrown
in your path?
A SWOT threat could be:
• A new competitor in your home market
• Price wars with competitors
• A competitor has a new, innovative product or
service
• Competitors with superior access to channels
of distribution
• Taxation is introduced on your product or
service
• Changes in technology
• Weather
• Regulation & deregulation
Simple Rules SWOT Analysis
• Be realistic about the strengths
and weaknesses of your
organization or group
• Keep your SWOT short and
simple.
• Avoid complexity and over
analysis
• Distinguish between where your
organization is today, and where
it could be in the future
• Be specific: Avoid gray areas.
Exercise

Make a SWOT
Analysis from:
1. McDonalds
2. Burger King
3. Dunkin Donuts
Assignment
Watch the video "Focusing On Strengths: Eva
Katharina Herber at TEDxIEUniversityMadrid" on
youtube
https://www.youtube.com/watch?v=t9ED7t2VeJI

Make an essay from what


the speaker says that you
think is important to
share. (300 - 600 words)

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