Successful businesses regularly analyze their processes to ensure they’re operating as efficiently as possible and maintaining their competitive advantages. Although you can assess a company in many ways, a common technique is the SWOT analysis. In this assignment, you will practice using a SWOT analysis to understand better the factors involved in making business decisions that promote sustainable competitive advantage.
Select and research a company from the 2019 Fortune 500 list that demonstrates a sustainable competitive advantage in the marketplace.
Evaluate the selected company’s sustainable competitive advantage using the SWOT analysis technique.
Write a 700- to 1,050-word modified SWOT analysis that includes the following:
An introduction with a detailed description of the company
A SWOT analysis diagram that includes strengths, weaknesses, opportunities, and threats
An evaluation of how specific internal factors (strengths and/or weaknesses) support and/or promote a competitive advantage; examples may include:
· Financial, physical, or human resources
· Access to natural resources, trademarks, patents, or copyrights
· Current processes (employee programs or software systems)
An evaluation of how specific external factors (opportunities and/or threats) support and/or promote a competitive advantage; examples may include:
· Market trends (new products or technology advancements)
· Economic trends (local and/or global)
The company I have selected for this SWOT analysis is Alphabet Inc., the parent company of Google. Alphabet is a multinational technology company that specializes in Internet-related services and products. Google’s most popular products include its search engine, Gmail, Google Maps, and YouTube. Alphabet is also a leader in the development of artificial intelligence and machine learning technologies.
Alphabet is a highly successful company, with a market capitalization of over \$1.2 trillion. It is also one of the most innovative companies in the world, with a strong track record of developing new products and services.
Strengths
Alphabet has a number of strengths that give it a sustainable competitive advantage in the marketplace. These strengths include:
Weaknesses
Alphabet also has a few weaknesses that could potentially erode its competitive advantage. These weaknesses include:
Opportunities
Alphabet has a number of opportunities to grow its business and expand its competitive advantage. These opportunities include:
Threats
Alphabet also faces a number of threats that could potentially impact its business. These threats include:
Conclusion
Alphabet is a highly successful company with a strong competitive advantage in the marketplace. However, the company faces a number of challenges, including regulatory scrutiny, competition, and economic uncertainty. Alphabet needs to continue to innovate and develop new products and services in order to maintain its competitive advantage in the long term.
Modified SWOT Analysis
The traditional SWOT analysis framework is limited in its ability to capture the dynamic nature of the business environment. To address this limitation, I propose a modified SWOT analysis framework that includes the following elements:
The modified SWOT analysis framework also includes a feedback loop to account for the fact that the company’s internal strengths and weaknesses can influence its external opportunities and threats.