SWOT Matrix Analysis Template Harmful to achieving the objective Helpful to achieving the objective Strengths Internal origin (attributes of the system) • • • • • • • External origin (attributes of the environment) • Coconut oil can be stored and used for a maximum of three months It has a strong scent and unique savory flavor. We have Employees’ loyalty Easier to produce, since it is done using a machine instead of manually Strong Management- We have assembled a team that has experience in all areas of the business and embrace different disciplines. Strong social media presence Excellent customer service Low production cost Weaknesses • we are a new coconut oil production company and we don’t have the financial capacity to engage in the kind of publicity that we intend giving the business. • Small sales team. Opportunities Threats • Loyal Customers – as customer are loyal, we have the opportunity for our product to be sell all the time. • • Tourism - as many tourists want to try our Belizean dishes; one mostly known as Rice-bean, which many cooks use coconut oil; we have the opportunity to increase sales for that season and open branches at the islands (San Pedro, etc.). • Expand product selection; as there are other products from coconut we merge into their production. • Partner with farmers to reduce ingredient cost and have a stable coconut supply • Ever since the PUP came into power, one of their objectives was to increase import tax on all imported products that are similar to Belizean made products such as milk, oil, jam, etc. This is an effort to help Belizean business grow into major companies. Our opportunity here is to slightly lessen the price of our coconut oil. In addition, advising the people about the benefits of coconut oil will inform them about the advantages over similar products. The slight decrease in price won't affect our sales negatively, because more sale means more income. • • • Copied Formulation by new competition- at the moment some of our coconut products are unique in the market but formulation could be copied by competitors who wish to join the market with similar products. Downturn in the economy-Downturn in the economy may mean that people are spending less, so they may prefer to use alternatives to some of our coconut products. Distribution cost increased- As government policies changes it affects other business whose services are require by Coconut Paradise, in this instance the Fuel Service; as importation prices of petrol is increased, our cost of distribution is the affected. More demanding customers- Customers today have become more demanding because they are wellinformed. Increased competition in the market gives the customers a wider choice in purchasing better qualit5y of goods and services.