Posted by : Choithram School Thursday 16 June 2016



CONDUCTING COMPETITOR ANALYSIS

The business team of 25 young entrepreneurs completed the competitor analysis separately for handicraft products, jewellery items, cloth/jute bags as well as for compost, saplings and flower cuttings after going through the responses of the parents and teachers, discussions with each other as well as with the Incharge teachers. We were then able to summarize the strengths and weaknesses of our competitors.





COMPLETING SWOT ANALYSIS
Completing the SWOT Analysis for handicraft products, jewellery items, cloth/jute bags as well as for compost, saplings and flower cuttingsenabled us to understand our business better. We realized that we must take steps to:

  •      make optimum use of our strengths
  •   address our weaknesses
  •   capitalize on our opportunities
  •    avertthreats



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