Categories: Strategy

SWOT OR TOWS Analysis (TOWS Matrix)

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<p><strong>Opportunities<&sol;strong><&sol;p>&NewLine;<p>Opportunities are the chances exist in the external environment&comma; it depends firm whether the firm is willing to exploit the opportunities or may be they ignore the opportunities due to lack of resources&period;<&sol;p>&NewLine;<p><strong>Threats <&sol;strong><&sol;p>&NewLine;<p>Threats are always evil for the firm&comma; minimum no of threats in the external environment open many doors for the firm&period; Maximum number of threats for the firm reduce their power in the industry&period;<&sol;p>&NewLine;<h3>How to identify strengths&comma;weakness&comma;opportunities and threats for TWOS Matrix&quest;<&sol;h3>&NewLine;<p>Well&comma; if you have same question them its a good one&comma; finding strengths&comma; weakness&comma; opportunism and threats is deep thinking process&period; The best thing to do ask the decision maker&comma;employee&comma; strategic partners and customer as well about your good and bad points&period; The other way out to use some statistical and mathematical tool&period;In strategic management strengths and weakness are extracted from IFE matrix&comma; opportunities and threats from EFE matrix&period;<&sol;p>&NewLine;<p><strong>Example of Wal-Mart Strengths&comma;Weakness&comma;Opportunities and Threats&lbrack;sky&rsqb;<&sol;strong><&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p><strong>Wal-Mart Strengths<&sol;strong><&sol;p>&NewLine;<ul>&NewLine;<li>Customer oriented<&sol;li>&NewLine;<li>SAM’S Club customers able to buy in bulk<&sol;li>&NewLine;<li>Super centers offer one stop shopping<&sol;li>&NewLine;<li>Satisfaction guaranteed programs promoting customer goodwill<&sol;li>&NewLine;<li>Buy from local merchants when possible<&sol;li>&NewLine;<li>Stock ownership and profit-sharing with employees<&sol;li>&NewLine;<li>Leads industry in information technology<&sol;li>&NewLine;<li>Ongoing development of its employees<&sol;li>&NewLine;<li>Strong community involvement<&sol;li>&NewLine;<&sol;ul>&NewLine;<p><strong>Wal-Mart Weakness<&sol;strong><&sol;p>&NewLine;<ul>&NewLine;<li>No formal mission statement<&sol;li>&NewLine;<li>Membership only for SAM’S Club<&sol;li>&NewLine;<li>Keep poor performing employees on hand<&sol;li>&NewLine;<li>Old fashioned store policies<&sol;li>&NewLine;<li>Few women and minorities in top management<&sol;li>&NewLine;<&sol;ul>&NewLine;<p><strong>Wal-Mart Opportunities<&sol;strong><&sol;p>&NewLine;<ul>&NewLine;<li>Consumers want ease of shopping<&sol;li>&NewLine;<li>Internet shopping growing<&sol;li>&NewLine;<li>Dollar value increasing<&sol;li>&NewLine;<li>Similar shopping  patterns worldwide<&sol;li>&NewLine;<li>Retail sales expected to increase<&sol;li>&NewLine;<li>Environment conscious consumers<&sol;li>&NewLine;<li>Elderly population growing<&sol;li>&NewLine;<li>Asian market virtually untapped by retail<&sol;li>&NewLine;<li>European Market untapped by retail<&sol;li>&NewLine;<&sol;ul>&NewLine;<p><strong>Wal-Mart Threats<&sol;strong><&sol;p>&NewLine;<ul>&NewLine;<li>Regulation of Wal-Mart pharmacies&lbrack;linkunit&rsqb;<&sol;li>&NewLine;<li>Small towns do not want entry of Wal-Mart<&sol;li>&NewLine;<li>Bad media exposure for Kathie Lee Brand<&sol;li>&NewLine;<li>Variety of competition nationally&comma; regionally and locally<&sol;li>&NewLine;<li>Substitute products more easily because of intense competition<&sol;li>&NewLine;<&sol;ul>&NewLine;<h3>What type of strategies are the part of TOWS Matrix&quest;<&sol;h3>&NewLine;<p>The SWOT Matrix is an important matching tool that helps managers develops four types of strategies&colon;<&sol;p>&NewLine;<ol>&NewLine;<li><strong>SO strategies<&sol;strong>—use a firm’s internal strengths to take advantage of external opportunities&period;<&sol;li>&NewLine;<li><strong>WO strategies<&sol;strong>—are aimed at improving internal weaknesses by taking advantage of external opportunities&period;<&sol;li>&NewLine;<li><strong>ST strategies<&sol;strong>—use a firm’s strengths to avoid or reduce the impact of external threats&period;<&sol;li>&NewLine;<li><strong>WT strategies<&sol;strong>—are defensive tactics directed at reducing internal weaknesses and avoiding external threats&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>Example of Pakistan State Oil TWOS Matrix<&sol;strong><&sol;p>&NewLine;<p><img data-attachment-id&equals;"98" data-permalink&equals;"https&colon;&sol;&sol;mba-tutorials&period;com&sol;swot-or-tows-analysis-tows-matrix&sol;pso-twos-matrix-2&sol;" data-orig-file&equals;"https&colon;&sol;&sol;i0&period;wp&period;com&sol;mba-tutorials&period;com&sol;wp-content&sol;uploads&sol;2009&sol;08&sol;PSO-TWOS-Matrix1&period;JPG&quest;fit&equals;559&percnt;2C439&amp&semi;ssl&equals;1" data-orig-size&equals;"559&comma;439" data-comments-opened&equals;"1" data-image-meta&equals;"&lbrace;&quot&semi;aperture&quot&semi;&colon;&quot&semi;0&quot&semi;&comma;&quot&semi;credit&quot&semi;&colon;&quot&semi;&quot&semi;&comma;&quot&semi;camera&quot&semi;&colon;&quot&semi;&quot&semi;&comma;&quot&semi;caption&quot&semi;&colon;&quot&semi;&quot&semi;&comma;&quot&semi;created&lowbar;timestamp&quot&semi;&colon;&quot&semi;0&quot&semi;&comma;&quot&semi;copyright&quot&semi;&colon;&quot&semi;&quot&semi;&comma;&quot&semi;focal&lowbar;length&quot&semi;&colon;&quot&semi;0&quot&semi;&comma;&quot&semi;iso&quot&semi;&colon;&quot&semi;0&quot&semi;&comma;&quot&semi;shutter&lowbar;speed&quot&semi;&colon;&quot&semi;0&quot&semi;&comma;&quot&semi;title&quot&semi;&colon;&quot&semi;&quot&semi;&rcub;" data-image-title&equals;"PSO TWOS Matrix" data-image-description&equals;"" data-image-caption&equals;"" data-medium-file&equals;"https&colon;&sol;&sol;i0&period;wp&period;com&sol;mba-tutorials&period;com&sol;wp-content&sol;uploads&sol;2009&sol;08&sol;PSO-TWOS-Matrix1&period;JPG&quest;fit&equals;300&percnt;2C235&amp&semi;ssl&equals;1" data-large-file&equals;"https&colon;&sol;&sol;i0&period;wp&period;com&sol;mba-tutorials&period;com&sol;wp-content&sol;uploads&sol;2009&sol;08&sol;PSO-TWOS-Matrix1&period;JPG&quest;fit&equals;559&percnt;2C439&amp&semi;ssl&equals;1" class&equals;"alignnone size-full wp-image-98" title&equals;"PSO TWOS Matrix" src&equals;"http&colon;&sol;&sol;mba-tutorials&period;com&sol;&sol;wp-content&sol;uploads&sol;2009&sol;08&sol;PSO-TWOS-Matrix1&period;JPG" alt&equals;"PSO TWOS Matrix" width&equals;"559" height&equals;"439" &sol;><&sol;p>&NewLine;<p>The above TWOS matrix show the four type of strategies&comma; SO  strategies are developed using PSO strengths to exploit the external opportunities&comma; WO strategies are developed to overcome weaknesses by utilizing the opportunities&period; ST strategies are developed by PSO to minimize or eliminate the threats using the internal strengths and last WT strategies are developed to avoid threat and minimize weaknesses&period;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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