Washington Mutual Bankruptcy
Washington mutual bankruptcy marks the largest case of a bank failure. Washington mutual was a popular savings bank and the largest loan and savings association in the United States until it collapsed in 2008. Washington Mutual filed for bankruptcy on 26th September 2008 and it was eventually delisted from the stock exchange in New York.
The saga that led to filing for bankruptcy started at the onset of global economic crisis. It began on15th September 2008, which was the day when Lehman Brothers filed for bankruptcy sparking a crisis. Lehman Brothers filed for bankruptcy due to the subprime mortgage loan crisis. In one year, price of the stock of this company dropped from a share of $30 to $2.
As a result, Washington Mutual’s customers withdrew deposits amounting to $16.7 billion in a span of 10 days from Washington Mutual after the Lehman Brothers’ case. This prompted the government to place this company under the FDIC control. FDIC sold its assets to the JPMorgan Chase at 1.9 billion. As the Washington Mutual’s receiver, the FDIC retained the claims Washington Mutual held against the other parties.
The move to sell the assets of the firm made debtors to file chapter 11 petitions. Eventually, disputes emerged between FDIC, JPMC, debtors and other interested parties. The disputes were centered on propriety of JPMC sale and multiple assets’ ownership. There were also angered litigations in different jurisdictions.
A global settlement agreement also known as GSA was announced in March 2010. This was incorporated in Sixth Amended Plan. In an order and opinion dated 7th January 2011, the conclusion made by the court was that the announced GSA was reasonable and fair. However, the court did not confirm Sixth Amended Plan stating that it had too broad injunction, release as well as exculpation provisions.
In a bid to address the concerns of the court, the GSA and Sixth Amended Plan were modified on 16th and 25th March 2011. FDIC, JMC, Creditors’ committee, WMI senior group of note-holders, debtors and the other parties supported the modified Sixth Amended Plan. However, equity committee, litigation tracking warrants holders, some WMB note-holders, other creditors and share holders opposed the Amended plan.
Those opposed to the plan argued that settlement negotiations were marred by improper trading. They alleged that improper trading formed the basis of their objection. According to them, the proposal of the modified plan was not in good faith and that note-holder’s settlement should be disallowed equitably.
An examiner was appointed by the court at the request of the equity holders of WMI. The examiner investigated the claims thoroughly to determine whether the settlement proposed was equitable and fair. Findings of the examiner revealed that this settlement provided a fair resolution.
On 24th February 2012, the court entered the order to confirm a Seventh Amended Plan as proposed by the WMI and co-debtor. On 19th March 2012, the settlement and plan became effective.
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Lehman Brothers’ Bankruptcy
Lehman brothers’ bankruptcy was considered as the largest in the history of economics. This is because the company’s assets were more than those of the previous giant firms to file for bankruptcy such as Enron and WorldCom. The company was also the fourth-largest investment bank in the U.S.
Why filing for bankruptcy was necessary
The move to file for bankruptcy is attributed to subprime mortgage. From 2003 to 2004, there was a housing boom in the U.S. At this time, this investment bank acquired five major mortgage lenders that included subprime lender and Aurora Loan. At first, the acquisition seemed lucrative. The bank reported profits from 2005 to 2007 with net income rising to $4.2 billion.
The stock of this bank reached $86.18 as of February 2007. This gave the company market capitalization of almost $60. Unfortunately, the housing market in the U.S already had cracks by almost the same time. Subprime mortgages had defaults that rose to even 7-year high.
On 14th March 2007, one day after its stock recorded the biggest drop in a day for five years, Lehman’s brothers recorded profit and revenues for the first financial quarter. The chief financial officer of the company stated that the company was containing home delinquencies and their impact on the earnings of the firm would be minimal. The officer also said that there were no foreseeable problems posed by subprime market to the U.S housing market and that this would not affect the U.S economy negatively.
The credit crisis that started in August of 2007 caused a sharp fall of the Lehman’s stock. During this month, Lehman’s brothers got rid of 2,500 jobs related to mortgages. It also shut the BNC unit down. Three Alt-A Aurora lender offices were also closed.
However, the company continued to be among the major players. For instance, in 2007 the firm accumulated an $85 billion portfolio by underwriting mortgage backed securities. With the new highs of the worldwide equity markets and fixed income assets prices, the stock of this company rebounded. Nevertheless, this firm failed to take advantage of this to trim the mortgage portfolio which was its last chance.
The huge mortgage securities portfolio of this company made it more vulnerable to the deteriorating conditions in the market. Its shares fell to a low of 48% on 17th March 2008 when Bear Sterns, the second-largest mortgage-backed securities underwriter was near-collapse. This forced the firm to issue preferred stock convertible to Lehman shares but the stock continued to decline.
This trend continued and in September 2008 the stock plunged to 77% with the company reporting losses worth $3.9 billion. On 13th September, Lehman, Bank of America and Barclays PLC made the last efforts to facilitate the firm’s takeover but they were unsuccessful.
On 15th September, the stock of this company plunged to 93% forcing it to be declared bankruptcy.
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General Motors Bankruptcy
General Motors filed for bankruptcy on 10th July 2009. This firm is a US auto manufacturing company that was founded by Billy Durant in 1908. Its headquarters are in Detroit, Michigan. Over the years, this company has introduced remarkable innovations in the U.S which enabled it to dominate the economy of the U.S in the 20th Century. It also dominated the auto industry in the 1950s. In 1954, this company had a market share of 54%. However, this was the highest mark of this company.
Domestic market share of General Motors has been declining steadily over the past years. This combined with global financial crisis necessitated restructuring of this company. Nevertheless, several challenges forced this firm to eventually enter the bankruptcy court and file for bankruptcy ending the long and at some point a proud, iconic history.
Worsening market and economic conditions such as those affecting equity and real estate values, tight credit markets, increasing unemployment, high fuel prices, weakening housing markets and decreasing consumer confidence have caused a decline in vehicle sales.
U.S alone had a 44.7% decrease in vehicle sales annually by September 2007. Globally, annual vehicle sales decreased by 13.2%. Being a company that is highly sensitive to the sales volume, the financial and business results of General Motors were affected negatively and significantly.
Seeking Congress assistance
The chairman of General Motors, Rick Wagoner, heads of Chrysler and Ford sought assistance from Washington during mid-September 2008. According to The New York Times, $7.5 billion was approved as of October. In the same year in November, the three heads of the auto manufacturing firms went to congress again seeking for a direct aid amounting to $25 billion.
However, Congress approved $13.4 billion only to General Motors and Chrysler. Congress also requested that the companies be restructured to secure the loans. As of February 2009, General Motors was cutting jobs, reducing its brand line-ups and closing plants.
To avoid bankruptcy, the firm announced that it needed a loan worth $4.6 billion of the $18 billion that it had requested within weeks. In addition, the company announced that it needed $12billion financial support.
Filling for bankruptcy
General Motors announced that it had lost $30.9 billion in 2008 or $53.32 per share. The firm also announced that it was spending $19.2 billion of the cash reserves it had at that time. This implied that the cash reserves of this company were as low as $14 billion when it made the announcement on February 26th 2009.
The auto task force of President Obama met Mr. Wagoner and at that time he confirmed that General Motors could no longer survive without more loans from the government. On July 10th 2009, General Motors filed for bankruptcy after which a new and government-owned firm purchased its assets. In the bankruptcy petition, the firm stated that it has debts worth 172.8 billion and assets worth $82.3 billion.
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American Airlines Bankruptcy
American Airlines bankruptcy is considered by many industry observers as a step that was long overdue. This company was among the few major airlines in the US that had always avoided bankruptcy. However, the company had to succumb to a path that is trodden by most of the other airlines in the US.
Why file for bankruptcy?
According to some industry observers the move to file for bankruptcy was necessitated by claims and losses. American Airlines made losses worth $2.1 billion in 2008, $1.5 billion in 2009 and $471 million in 2010. In addition, the company was having managerial, PR and maintenance issues. Pilot union was also demanding for the signing of a contract which included provisions for job and salary security provisions.
Employees were also bitter due to the inability of the AA to make a promising deal. Customers were also irritated by inappropriate engagement in public rants by flight attendants. There were also cases where several planes were forced to land urgently due to issues that arose from insufficient inspection such as loose seats.
There are experts who say that filing for bankruptcy was a strategy used by the American Airlines to enhance its performance. Some airlines analysts such as Jeff Kaufman were surprised by the timing of this move.
According to Jeff, the company had sufficient cash that would pay for the losses and keep the company running for another year. However, he notes that filing for bankruptcy was a sensible move because of several factors. These include the high fuel cost, tough negotiations with labor union and loss of the business customers of the company to competitors.
Until 2006, the American Airlines remained the largest carrier in the world. Mergers pushed this company to a third position in terms of the miles that paying passengers fly after the United Continental and the Delta Air Lines.
According to the management of the American Airlines, filing for bankruptcy was never a preference of this company. However, for the company to ensure its competitive future it had to file for bankruptcy. The management said that the move gave the firm resources required to order for more planes such as 460 jets and the Airbus. This would enable the company to replace its current 247 MD-80 planes which are fuel guzzlers.
The cash reserves of this company combined with cash from the current ticket sales provides the needed funds for reorganization. Thus, the airline will not need the debtor-in-possession loan required by Chapter 11.
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Role of Industrial Sector in Indian Economy
Most nations depend on industrial development for economic growth. In the Indian economy, the industrial sector is especially important since without industries, development would not be possible. The country has different sectors feeding off each other that ensure the industrial sector is balanced.
Industries that contribute to India’s economy
There are several industries that contribute to the Indian economy and they include the steel industry, airlines industry, biotechnology industry, real estate, steel, tourism, and medical, hardware and electronics energy sector and textile industry. Apart from these industries there are others contributors that are just as important to the Indian economy.
Fertilizer industry for instance contributes more than 20% to the gross domestic product while the biotechnology industry has a promising future. The real estate industry in the country has also witnessed a large boom in recent years.
Role played by the industrial sector
- Speedy income growth-The industrial sector provides a base for income growth. The industries depend on-The industrial sector provides a base for income growth. The industries depend on manpower and India has great manpower. The country enjoys per capita income that is high because of industries.
- Employment-While India is known as an agrarian economy, agriculture does not offer employment. The industrial sector in the country solves this problem by ensuring the population enjoys employment opportunities.
- Foreign exchange-The country does not have the capability to earn enough foreign exchange from exports of primary products. Industrial exports contribute to the economy once added to primary products.
- Agricultural development-It is through the industries that the agricultural requirements in India are met. Agriculture needs farm machinery that is improved, pesticides and fertilizers. In addition to this, it also needs transport and storage facilities and all these are provided adequately by the industrial sector.
- Sustained growth-Rapid development of industries in India aid in promoting communication, transport as well as agriculture. Additionally, it also makes it possible to produce consumer goods in huge quantities and at prices that are low. What is more, it also eliminates overdependence on other countries.
- Balanced development-With agriculture alone, Indian economy would be unbalanced. However with the industrial sector, the disparity is solved. The industrial sector is the energy the Indian economy needs to continue expanding.
The GDP of India requires contribution from its major industries for it to be a success. Based on the manner GDP is calculated, it is clear that the industrial sector is of great importance to the country. In regard to United States Dollar exchange rate, the economy in India is ranked as the 12th largest. Despite the global recession that has been witnessed globally, the economy in India has great potential for growth because of its industrial sector.
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Contribution of Steel Industry in Indian Economy
Steel plays an important role in contributing to the development of a country and accelerating its growth. It is also the backbone of human civilization and is used in manufacture of electrical machinery, metal products, textile and transport equipment etc. Steel is a product of a technologically multifaceted and large industry. In 2006, India ranked as the 5th largest country in production of steel globally. The country has the richest coal and iron ore mines and its cost of production is lower compared to that of other countries. The country has also maintained lead position as the largest producer of sponge iron globally. In 2010, the production of steel in the country was 1414 million tonne which was a 15% growth from 2009. If expansion plans proposed are implemented according to schedule, then the country will become the 2nd largest producer of steel globally by 2015-2016.
India enjoys several advantages because of its dominant position in the steel industry on the global map. These include the following:
- Establishment of new steel plants that have state of the art technology. This is done without dependence on aid.
- Continued modernization and implementation of technology upgrading and de-bottlenecking schemes in the old plants.
- Improved energy efficiency in the plants in regard to power and coke rate consumption.
- Use of better raw materials
- Optimum processing of its raw materials such as washing of coal, sintering and beneficiation of iron ore.
Global integration of the Indian economy and the increasing demand by sectors like real estate, infrastructure, as well as automobile locally and abroad has also contributed in making Indian steel the fastest expanding industry. According to the information available, the consumption, export and production of finished steel during April to December 2007 were up by 68.7 percent over the previous year’s record. Consumption pace growth has outpaced production making the country the net steel importer.
The steel industry in India is classified into Main producers such as Tata Steel, Vizag Steel and Sail plants, Major producers which include plants that have a steel making capacity that is above 0.5 million tonne-Essar Steel and other producers. The latter is comprised of different plants that deal with crude/finished steel production and they can be found in different sections of the country.
The critical materials in the steel industry include manganese ore, chrome ore and iron ore which are of critical importance. Their assured and timely availability and in adequate quantities and great quality on long term basis is what is required to ensure the continued growth of the sector. In essence, the steel industry in the country is one of the greatest contributors to its overall GDP.
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Contribution of Chemical Industry in Indian Economy
Chemical industry is undoubtedly the fastest expanding industries in Indian economy. It is also the oldest industry that begun soon after the country attained its independence in 1947. From that time, the industry has continued to contribute to the economic growth of the country and currently, it accounts for close to 13% of India’s gross domestic product.
The industry’s total exports grow annually at a rate of roughly 10 to 12 %. The industry is based on concept of diversification as such it is a multi-faceted and multi-product one. Depending on product categories, the industry can be divided into different sectors which include inorganic chemicals, pharmaceuticals and drugs, petrochemicals and plastics, fertilizers, pesticides, fine and specialty products such as dyes, polymers paints and other kinds of chemical products.
Through a decade of reforms in economic sector, major changes have been effected in the manner chemical industries in India operate and work. Success stories in the agrochemicals and dyes sections have boosted confidence of manufacturers who have in turn geared up and taking new challenges. The industry offers numerous benefits some of which are as highlighted below:
- Because the country is close to the Middle East, it has high value addition capacity. This is an ample and affordable petrochemical feed source.
- The cost infrastructure in the country is low and as such, it has a high expert potential. According to a report released recently, the country has the potential to reach US$ billion by the year 2015.
- In certain chemical categories, India enjoys exports advantage through establishing alliances with countries such as Russia. Also, the knowhow and expertise that is in the country means there is a huge potential in the agrochemical and dyestuff market.
- Abundance and availability of raw materials in the sector from agro based and titanium dioxide products India has the opportunity to enjoy value addition.
Growing at a 12.5 percent rate, the chemical industry in India offers a range of opportunities for local and international investors interested in the industry. The potential of the market is a major one and once this is coupled with the existing HR resources and comprehensive resources in the country, India becomes the most profitable destination especially in this new millennium. In the global production of chemicals, India stands at position 12. It is all these aspects and more that make the industry one of the major contributors to the overall gross domestic product. Also, it continues to attract investors from different parts of the globe largely because of the high profit margins the industry offers.
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Contribution of Aviation Industry in Indian Economy
The Indian aviation industry contributes around INR 330 billion to the country’s gross domestic product. The contribution the industry has made to the country’s economy in the last couple of years can best be described as phenomenal. Globally, it is one of the fastest growing industries. The entry of private operators in the industry and cut in air travel and prices, the industry became popularized in the country.
The GDP of the country has risen above 8 percent and it is expected the growth rate will continue for the coming years. In South Asia, the aviation industry in the country holds 69 percent of the overall airline traffic. What is more, the growth of airline traffic in the sector is 4 times what is recorded at international levels. The aviation industry has also contributed to employment as it supports over 1.7 billion jobs in the country. 276,000 of these jobs are supported directly by the industry, 841,000 are supported indirectly by the sector supply chain while 605,000 jobs are supported through spending by employees in the sector and the supply chain. What is more, there are more than 7.1 million people who are employed through catalytic effects of the industry.
Air traffic in India has grow at an enormous pace and it is expected that the growth will continue and exceed the 25 percent travel segment. The present scenario in the country has twelve domestic airlines operating in the country and another sixty international airlines in the country. With the continued economic growth in the country as well as its stability, the country has become the most preferred location for commerce and trade activities. The industry has also placed the largest order for aircrafts on a global scope.
The jobs available in the industry can best be described as high productivity and this is because the average employee generates INR 1.3 million annually in GVA. This is ten times more productive. Additionally, the industry has also contributed to the public finances. The sector pays more than INR 87.5 billion in tax and this includes tax receipts from social security contributions, corporation tax on profits and employees. Estimates indicate there is additional INR 9.8 billion government revenue that is raised through the aviation sector in the country while another INR 7.1 billion is raised through activities that are supported by employee spending in the sector and the supply chain.
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Techniques of Competitor Analysis
Competition is one of the key factors that push certain companies to success while others fail completely to meet desired goals. Competitive rivalry is one of the core Porter’s five forces for business analysis and a corporate strategy that can easily propel any business to incredible status. There is nothing disreputable about prying on the competition in a marketplace. Evidently, an organization will be in trouble if it does not know more about the finest techniques of competitor analysis.
To stand out in any business and be able to compete with other entrepreneurs, using the modern competitive analysis techniques is one of the greatest strategies to rely on. These are exceptional strategies that help refine a company’s sales approach and boost its ranks in the market. There are traditional competitive analysis methods that have always worked miracles such as attending market conferences, reading industry periodicals, reading annual reports and much more.
With the advent of technology and ever-growing markets, entrepreneurs should not lag behind when it comes to business operation information. Entrepreneurs have to know what their competitors are doing right now and what they anticipate on the near future. With the right techniques of competitive analysis, it becomes much easier to study the competition’s position in the market and substantial factors that can present the much needed competitive edge. Here are the exceptional techniques of competitor analysis to rely on and stay ahead of your rivals in the business industry;
- Follow competitive industry blogs
Blog posts are the in-thing these days especially if they are written by your competitive rivals and industry experts. Many times, these blogs are usually part of a company’s website, although they may stand alone.
- Embrace LinkedIn
LinkedIn is the world largest professional network and will make it easy to find out more about your competitors employees and what they usually talk about in regards to business and related-activities. For instance, you can compare employees experience gap and what they have been able to bring to the table over the years of service.
- Investigate website traffic of competitors
At all times, conducting investigation on operations of your competitors is a great way to dominate the market. It is easy to ascertain more on visitors hitting your competitors website and compare with your own websites as web traffic tells a lot about a company.
- Utilize sales alerts
There are incredible technologies that will spider the web and provide essential information from competitors. From web alerts it is easy to learn about competitors acquisitions, new clients, layoffs and managements changes among other issues.
- Read competitors tweets and posts
You can follow your competitors on twitter or Facebook. From these social mediums, you can see who follows your competitors and also read their updates and followers feedback. Through these technologies it is easy to interact with clients and find out more on how to beat your competitors at ease.
Doing a competitive analysis should always be a great plan to help a company win. Relying on the best technique can always offer that competitive advantage. However, keep into consideration that your competitors are also doing similar analysis. Hence, you should conduct your analysis better and in a smart manner.
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Importance of Competitor Analysis
In any business operation strategy, it is wise to keep into account the strategies of the company’s competitors. Strategic management is all about being able to gain and maintain competitive advantage over any other company. Competitive analysis is an exceptional process of analytically comparing a company, products and services against the substantial competitors within an industry.
Through competitive analysis, it becomes easy to establish a company’s goals, tactics and strategies that will make it stand out among competitors. There are notable elements that make up a competitive analysis. Firstly, you have to define the core competitors. Some companies will offer products and services that similar to what you entirely offer while others will only dispense one or two of your core products and services. Secondly, analyze competitor’s strengths and weaknesses.
To enjoy a great competitive advantage in the market, look at the reasons behind the success of a company and areas that it has failed. Thirdly, analyze the main customer’s needs and requirements. Learning about the central wants of clients in an imperative part of competitive analysis. This makes customers’ priorities company’s main concerns. At last, an entrepreneur should build a strategic plan to improve the position of the company.
These strategic plans should cover areas of business operation from production, distribution, pricing to marketing of goods and services. With the key elements that make up a competitive analysis in mind, it is a brilliant idea to look at the key reasons as to why competition analysis is an important tool. Here are the core benefits of conducting a competitive analysis;
- It makes it easy to develop matrixes for ascertaining unserved and underserved gaps in the competitive markets. It reveals more on where a company fits in terms of prices, quality and customization.
- Provides a strategy to undertake towards product development. With great technology, direct competitors are able to engage in a persistent rivalry to develop new products and gain advantage by also learning what their probable competitors are offering. It also becomes easy to know what main competitors are up to or improving for future release.
- Offers a better way to understand the market trends and gain a competitive edge over any other company. Coming up with a new business idea offers a better way lure a number of loyal clients and build a new market. Customers will also be attracted to new business ideas.
- Todays, make is all about placing a lot of energy on benefits and value rather than selling products and services. Competitive analysis reveals more on what customers think they are buying than what they may be really buying. Hence, for an entrepreneur it becomes easy to know what clients thing of competitors brands.
It is not easy to stand out in an overcrowded marketplace. Success in a given market is all about good timing and following the best strategies. An improved ability to predict your competitors’ behaviors and influence offers a better way to know how to move your company to another competitive level. Do not just get on with your business plans and ignore competition. It is a great strategy to analysis competition, but do not get obsessed.
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Advantages of a Well-Prepared Business Plan
Success in the business industry is not that easily achieved. Many of the successful entrepreneurs that you come across have gone through a lot in life to reach certain competitive levels. Fortunately, coming up with or relying on a well-prepared business plan is one of the great business strategies that has worked miracles. A business plan is a well-written piece that describes more on a business, the market it operates, strategies to embrace and achieve set objectives.
Diving instantly into a business without coming up with a workable plan has never been a successful move. There are two great business plans to embrace prior to investing certain amount into a business of choice. You can use a prepared business plan or design your own brand new and unique business plan.
Any of the two strategies can work exceptionally well whenever starting out your business of choice. A business plan should not just be a well-prepared and written piece about a business, but an effective tool that comes with matchless merits. These unparalleled advantages of a well-prepared business plan include;
- Provides a business with a direction
There is a lot of research and preparations undertaken while developing a business plan and this helps broaden entrepreneurs understanding of the business and day to day undertaking in the industry of choice. It becomes easy to compare business expenses against your customer demands and competition. Hence, it becomes easy to develop incredible strategies to improve or develop your business.
- Provides a broad picture of the business details
A business plan offers a great way to monitor the progress of the venture. The business plan acts as a clear and precise portrait of a business and offers details and any possible forecasts. Benchmarking makes it easy to keep a business in a straight line with the marketplace standards.
- Provides a convenient way to seek finance and funds
If you are ready to increase your funding opportunities, then a well-prepared business plan will carry the day. You need a good business plan when seeking outside funding or top win investors’ confidence. Government grants and procurement opportunities are made available via a well-prepared business plan as it supports all financial
documents that may be needed.
- Offers an easy way to negotiate for contracts
To complete contract negotiations, it is easy to prove your business ideas and projections with a well-prepared business plan.
- Saves money and time
A well-prepared business plan especially if written by a professional will save money and time. It has complete and well-organize flow that any businessman, investor or funder will easily fathom and get clue of what your business is all about.
Many novices and even successful businessmen fail when it comes to writing business plans. For many it is not easy to execute their business ideas in a precise and comprehensive manner. Fortunately, there are professional out there who can offer writing services regardless of the bulkiness of the assignment. A well-prepared and written business plan will easily help your connect with investors, reduce time and money and meet the set goals.
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Advantages and Disadvantages of SWOT Analysis
In the business sector, every entrepreneur focuses on providing goods and services that will meet clients’ needs and stand out when compared to what competitors in the same industry will offer. It is wise to define business objectives and address any challenges in the business in the most suitable manner. Such decisions are supported by SWOT analysis or well-structured brainstorming.
SWOT analysis is a tool used to structure a certain brainstorming process and makes it easy to gain collection of ideas on an issue. The popularity of SWOT [Strength, Weakness, Opportunities and Threats] analysis is down to its flexibility and straightforwardness. This analysis tool can be applied in many projects and take care of any internal or external factors necessary in meeting certain objectives. There are a number of advantages and disadvantages that come with SWOT analysis.
Advantages of SWOT analysis
- Flexibility- SWOT analysis is versatile and companies can embrace them in many ways. For instance, this analysis can help in exploring the impact of introducing new services and products, easy application of new business processes and functions. This analysis is also useful in assessing efficiency of technologies, markets and vendors.
- Smooth application- A SWOT analysis is consistent regardless of the aim of the brainstorming session a business many be conducting. Whether it is use for strategic planning, competitive rivalry analysis or any other study, it is easy to pick out the core environmental factors that are either positive or negative for a business.
- No money needed- You do not have to training in order to learn how to conduct SWOT analysis. More so, you do not need external consultant to fathom how effectively this analysis tool is embraced.
- Multi-level analysis- Through SWOT analysis, it is easy to tackle different elements on an issue of choice and come up with possible solutions. You not only have to look at the factors that make a company shine or fail, but also easy to utilize opportunities and probable threats.
- Data integration- SWOT analysis involves combination of quantitative and qualitative data from different sources. This help improves decision making easy and makes coordination of operations smoother.
Disadvantages of SWOT analysis
- Weighty items- The SWOT analysis generates a lot of issue to be tackled and this list of strengths, weaknesses, opportunities and threats may be used inappropriately and fail to deliver the message. The analysis conducted may not provide relevant information on what an organization offers. There may be more threats than strengths in an issue of discussion.
- Ambiguity- SWOT analysis fails to allow easy prioritization. One issue may offer a lot of strengths, but be weighted the same way as the core dangers causing a lot of problems.
- Poor planning- SWOT analysis s ineffective when it comes to figuring out whether a company is making conscious decisions or not. It is wise to rely on tools such as statistical surveys, test-market strategy or focus group forums to tackle an issue of choice.
- Does not offer key solutions- SWOT analysis may be limited because it does not provide key solutions to the issues that may be affecting a company. A few things are tackled may it hard to research on and evaluate other related issues. Hence, most of the information obtained is not useful.
SWOT analysis is a great tool to embrace in the business world. It helps recognized the internal strengths and weaknesses of a company and the core external opportunities and threats. For entrepreneurs who value this analysis tool, it is wise to keep in mind its central advantages and disadvantages in mind.
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Porter’s 5 Forces Analysis of Toyota
Toyota Motor Corporation is one of the highly reputed companies that have dominated the automobile industries greatly. It is a Japanese company that is greatly involved in design, manufacture, assembling and sales of cars, commercial vehicles, minivans and related products since its formation in 1937. It has been dominating the automobile industry for long and it is annual revenue as of 2013 was about $213 billion and it has employed approximately 330000 people.
The automobile industry has been competitive ever since and Toyota has worked hard to overcome most of its rivals. Despite increased competitive rivalry, the automobile industry has also faced skyrocketing fuel prices and day to day growing environmental concerns. These two factors have impacted consumer predilections away from pick-up trucks that consumer a lot of fuel to smaller and fuel-efficient cars.
A lot of changes have been experienced in the industry and Toyota has been adapted extremely well with car and vehicle sales increasing on daily basis. For any green investors trying to make a mark in the industry, conducting Porter’s 5 analysis of Toyota has been a great strategy to learn from the market. By conducting Porter’s five analyses, it is easy to access where power or great opportunities lie in an industry. There are five essential forces that have made Toyota a reckoning force in the automobile industry. This includes;
- Power of suppliers- The bargaining power of suppliers in the automobile industry is low. Majority of suppliers in the industry offer cooling system, braking system, fuel supply system and electrical systems globally. Unfortunately, these suppliers do not have the power to rule the market as Toyota and other vehicle manufacturers own many compatible suppliers and can also produce their own automobile products.
- Threat of new entrants- It is not easy to enter and dominate the automobile industry. Companies like Toyota and others have used a lot of money to maintain their status and reach those ranks. Toyota also has been able to cut costs than its competitors on used cars and core automobiles, and so, it is not easy for new companies to enjoy such privileges.
- Power of buyers- There many buyers in the automobile industry and their bargaining power has been great. Information on vehicles has been abundant thanks to internet and more buyers can learn more about their vehicles tastes as well as compare prices. Buyers can also find out more on fuel-efficient cars that Toyota has made available and compare them with what other manufacturers are offering.
- Threat of substitutes- With the ever-changing trends in the automobile industry, customers still rely on used cars that Toyota is widely known for. The demand for these cars has risen rapidly and Toyota has utilized these opportunities immensely.
- Competitive rivalry- There has been high or prevalent competition for market share in the automobile industry. This has fueled consumers’ demands and anticipation for lower prices on automobile products. Despite Toyota having a strong cut cost plan, it has experienced pressures on its products costs.
Like any company that wants to enjoy great profits margins, Toyota has continued with its efforts to strengthen its management platform and raise its corporate worth. It has also focused on developing and manufacturing environmental conscious products that also gratifies consumers’ needs easily. In essence, Toyota has outperformed the industry over years and gained matchless market share and there is more to come from the automaker.
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Porter’s 5 Forces Analysis of Kodak Company
The photographic film industry has experienced great transformations. Kodak is one of the great companies that have impact the industry in great ways. Kodak also known as the Eastman Kodak Company is an American technology company founded by George Eastman in 1888 and focuses on imaging solutions and services. On top of this, it Kodak provides packing, functional printing, graphic communication and professional services globally.
It has dominated the photographic film sector for many years, but like any other company, it has also experienced a number of challenges over years. Kodak has tried to intensify its impact in the photographic business, but it has nose-dived as a result of decline in sales in US. It has also experienced a huge competition from companies in the industry for better market share. Surprisingly, competitors like Canon, HP and Sony have posed vast threats that have impacted Kodak’s operations in the film industry.
Today, most of its products span across digital cameras, inkjet printers, sensors, software, retail kiosks, and paper processing chemical and professional photographic films services among others. Mergers with companies such as AOL online, Cinelabs Ltd and Sanofi have helped Kodak enjoy a great market share. Porter’s five forces have also impacted Kodak hugely and it has founded better ways to compete with its rivals in the photographic film industry. These forces include;
- Threat of new entry- From the Porter’s 5 forces analysis, it is clear that the impact of new entry to Kodak is moderate. A lot of capital is required to join the photographic film industry. Most of the new entrants have not been able to cope with Kodak due to lack of experience and knowledge in core areas like digital imaging and photography.
- Power of consumers- The number of buyers in the hunt for electronic products and services is high. Companies like Kodak, Sony and others have always presents clients with an opportunity to enjoy wide range of film products. Consumers have always expect the best from the industry.
- Power of suppliers- In the photographic film industry, the power of suppliers is low. Majority of the suppliers in the hunt out for film products and services are locked out both locally and internationally. Kodak has supplier’s contracts that run for one to three years and it is cautious when it comes to third party suppliers as they reduce industry profitability.
- Threat of substitute products and services- Threat of substitute’s products and services is high in the film industry. Companies in the sector work hard to match their specifications, pricing and other characteristics of the industry. There are less switching costs between substitutes as consumers can change the photographic film products based on their preferences.
- Competitive rivalry- Kodak has been facing huge competition from Sony, Canon, Nikon, HP and Fuji Photo Film among other companies. Competitive pricing and increase of prices on related products and services has impacted its operations in the industry.
Kodak has worked hard to reach a wide market and it has developed new competences for future developments. It has also strategically transformed its entire business operations to utilize the new opportunities in the industry despite a number of challenges it has faced.
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Porter’s 5 Forces Analysis of Facebook
Facebook is one of the greatest social networking services that have been creating a lot of hullabaloo everywhere. Facebook wad founded in 2004 by Mark Zuckerberg and college roommates at Harvard University. Facebook has gone through a lot of transformation to satisfy the needs of many users. Facebook has impacted media through marketing and developing brand promotions. It has also impacted social life and activities of many people globally. However competition from other online social networking services has been the core issues impacting its operations.
Social networks such as Twitter, Instagram, Bing and many others have played a lot of roles in the growth and development of Facebook. Porter’s five forces analysis is a tool that has helped learn more about the impact of Facebook in the online market. There are detailed Porter five forces to look at and learn more on their impact on Facebook. These are;
Bargaining power of customers
Facebook has control over its customers when it comes to negotiating for online deals and this has made it easy to increase the average advertising rates and this has led to inability to add new users or lose existing customers. Hence, it has become hard to maintain its user number and this has increased customers bargaining power.
Power of suppliers
Facebook does not have any cost-entry blockade for suppliers, but it has been experiencing complications adding more users. Some of the users have opted for other social networking services, and so bargaining power for suppliers as remained medium.
Competitive rivalry within the social networking world
Facebook has to face competition from huge rivals like Google. Google has introduced services like Google+, a new social networking service that has been making news amongst internet users. Facebook also faces stiff competition when it comes to retaining users as there is a high rivalry for huge market share.
Threat of substitutes
Services like WhatsApp, iMessage and Skype are a threat to Facebook. Most of these services involve internet based short messaging services that make it easy for customers to use their phonebook and send short messages. Facebook users have also opted for video calling services as they can use their PCs and mobile phones. Hence, Facebook has been pushed to work together with these services in order to cancel out the threat of substitute products.
Threat of new entrants
Mobile journal path is a huge threat to Facebook as it has been gaining popularity rapidly. It is a mobile social networking has added millions of users over a short period of time. As millions of users who should be relying on Facebook opt for new social networking services, this is a vast threat due to new and unexploited user experience.
Facebook’s huge resource and asset is its information database on millions of users and it has paid much attention on how to gain a bigger number of users and satisfy their needs. It has introduced a functionality strategy that will easily push in merchant websites with its like button. This has given Facebook a competitive advantage over new entrants and competitors, hence its ever-increasing number of users and revenues.
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