Swot analysis strengths hisco has an outstanding

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SWOT Analysis Strengths Hisco has an outstanding reputation that their product is able to back up. Extravagant production capacity A quality product that is affordable Proven results through the researching of their product They are committed to examining, generating and making sure that the readers are of top quality before distributing. Their production capacity provides them with certainty that they will be able to grow their business in the manner that they desire. Weaknesses Currently, they have not established a plan of action that will assist their business in expanding in the direction that business is desiring to. Net income is at -130,000
Page 2 of 2 Student: Lakisha Couch The credit line has been exceeded They have not utilized their cash options At this time they have not seen growth within the organization. Opportunities Hisco has reliable engineering and should take advantage of it. Hisco provides a product that is of standard quality that can be very beneficial for their readers. They have a strong standpoint in the market when it comes to the reader, however, they have not been as successful as they could be due to them not having a business plan. Manufacturing is extremely strong and productive. Threats If Hisco decides to increase their product price in the amount of 20%, this would not be beneficial for them and it will alter their production limit. There some very good manufacturing businesses that Hisco could compete with but have not been successful at doing so. This is most definitely an area that they would need to improve upon.

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