Instructions To Write A Nike SWOT Analysis

Instructions To Write A Nike SWOT Analysis
3 min read

Don't think you will only have to take information from the Nike SWOT pest analysis case study while doing a SWOT analysis.

Several other things are there that you need to focus on.

Most of the students try to take facts and information from several websites, but they miss the company's official website. Several students forget to add facts and figures in the SWOT analysis.

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They end up making several other mistakes which eventually affect the quality of their work. Let's discuss a few instructions students can follow to write a Nike SWOT analysis.

  • Decide the objective of your SWOT analysis

Working on a SWOT differs greatly from College Homework Help or research paper writing.

It would help if you started with a question or purpose to get the most out of your SWOT analysis.

A SWOT analysis, for instance, could be used to determine whether you should launch a new product or service or alter your business procedures at Nike.

  • Research to know the company

Before starting the SWOT analysis, you need to conduct some studies to understand your company, industry, and market.

Talking to workers, business partners, and clients will ETAP Assignment Help to gain a variety of viewpoints.

Additionally, do market research to learn who Nike's current competitors are.

  • Discuss the strengths of Nike

The first step is determining and listing the qualities you believe Nike has.

A few examples are strengths in the company's workforce, financial resources, location, cost advantages, and competitiveness.

Make sure you address the SWOT analysis's identified vulnerabilities.

The list of flaws might show how the company has developed over time.

You might find that the vulnerabilities have been addressed when you evaluate the SWOT analysis a year from now.

Even if you can discover new flaws, the fact that the previous ones are gone indicates that you've made progress.

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  • Discuss opportunities for Nike

Consider Nike's potential opportunities. These are different from a company's internal strengths and are not always clear.

For example, an opportunity for one part of a company could pose a threat to another (e.g. you may consider introducing a new product to keep up with consumer trends, but the competitors may already have a similar product).

Keep in mind that the same thing shouldn't be included as a danger and an opportunity in the SWOT analysis.

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  • Potential threats

Describe the outside elements that Nike might face as threats or problems.

Rising unemployment, increased competition, higher interest rates, and the unpredictability of international markets are a few dangers.

You can refer to a few leadership case study examples of Nike online to discuss realistic threats.

  • Establish priorities

After completing the procedures mentioned earlier, you will have 4 distinct lists.

These lists should ideally be side-by-side so you can see how Nike as a company is performing overall and what problems you need to address.

Then you can determine which concerns need to be addressed immediately and which ones can wait (i.e., develop 4 prioritised lists).

You can take information from Assignment Help Sydney and other sources in this matter.

Conclusion

You need to follow these six steps to complete a Nike SWOT analysis. Do not rush, and try to write each point in a simple manner.

Ref: https://www.uannounceit.com/travels/2225/40/instructions-to-write-a-nike-swot-analysis

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Josephine Linnea 4
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