Strength - Making use of kinetic energy to generate electricity. - Charging on-the-go will provide convenience and save the house bills | Weaknesses - Too costly for a bicycle. - No protection from bad whether |
Opportunities - Development of new eco-friendly technology. - We are the first to come out with this kind of bicycle that will generate electricity | Threats - Other companies might come up with a better technology than us. - Requires to raise a large amount of capital. |
Our strategic goals:
2) To come out with more eco-friendly, earth-saving and and more environmentally friendly products in the future
I feel that swot analysis is essential in all projects as it helps to enhance strategic plans and objectives and it would be recommended for those people that have a new business so that they can understand the postition of themselves and understand their compeitiors
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