Question

Please suggest a business idea of your own and make a SWOT analysis of your idea....

Please suggest a business idea of your own and make a SWOT analysis of your idea. Please note that while you are expected to come up with a “good” idea it is quite possible that your SWOT analysis may show that your “business idea” may not be very promising. In answering this question you are expected to be original – this means no repetition of business ideas that we have seen in class and no repetition of what other students have thought up. You can be sure that I shall be closely following any similarities in answers.

Homework Answers

Answer #1

BUSINESS IDEA - PRODUCING PHYSIOGNOMY SENSOR FOR THE AUTOMOBILE INDUSTRY

We know that there has been increasing number of road accidents occuring. This product, PHYSIOGNOMY SENSOR will be artificial intelligence based. It will analyse the driver's state, both physically and mentally, whether driver is completely alert or not while driving. The product will raise an alarm in the vehicle on detecting any kind of abnormality in the driver's state of driving.

SWOT ANALYSIS

STRENGTHS

  • Compatible with all types of 4 vehicles.
  • Contributes in reducing mishaps on ro

OPPORTUNITIES

  • There is first movers advantage for the product as there is unreserved market for this product.

WEAKNESSES

  • There may exist small margil of AI error.
  • Mis-fitting of the product in certain car models may lead to false alarm.

THREATS

  • One of the biggest threat to this product is Automatic cars.
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
As noted in your reading, SWOT analysis is a common business tool, designed to recognize and...
As noted in your reading, SWOT analysis is a common business tool, designed to recognize and take account of a medical practice's strengths, weaknesses, opportunities, and threats. It's essentially a structured way to look at both your internal company culture and your external business environment as you implement a strategic plan. However, it's not the only tool out there you can use to analyze these factors. There are other alternatives to SWOT~ expand on one other method of organizational analysis...
PLEASE DO AS SOON AS POSSIBLE THE MISSION ASSIGNMENT Now that you have a business idea,...
PLEASE DO AS SOON AS POSSIBLE THE MISSION ASSIGNMENT Now that you have a business idea, it's time to refine the idea into a mission statement by answering the four questions: What do we do? How do we do it? Whom do we do it for? What value are we bringing? A mission statement focuses on the "how" of your business. It defines the purpose of your venture, outlines the reason for the existence of your business, and provides some...
Individual SWOT Analysis Assignment 3-4 minute video (MP4) describing your "professional" strengths and weaknesses.(Please type it...
Individual SWOT Analysis Assignment 3-4 minute video (MP4) describing your "professional" strengths and weaknesses.(Please type it instead of making a video). Do not include your opportunities and threats. Strengths Weaknesses What do you do well? What could you improve? What are your unique resources? Where do you have fewer resources than others? What do others see as your strengths? What are others likely to see as weaknesses?
MGT 321 W18                         Written SWOT Analysis             &nbsp
MGT 321 W18                         Written SWOT Analysis                                     40 Points The SWOT Analysis Report is DUE ON the MIDNIGHT of 2nd May 2018! PLEASE UPLOAD YOUR WORD DOC in “Assignments” Link on CANVAS! The written SWOT analysis is about the McDonald’s Corporation. All the information required for the SWOT analysis is in this document. The report should be not more than 3 pages, single spaced 12 point. THIS ASSIGNMENT MIRRORS TO SOME EXTENT THE SWOT ANALYSIS OF ROBIN HOOD WE DID...
1. For your hands on exercise this week you will use Wireshark Packet Analysis software. Please...
1. For your hands on exercise this week you will use Wireshark Packet Analysis software. Please post how this software can be used in an organization or business network and you may comment how you can use Wireshark for your personal home network. Please comment if you have experience with Wireshark or this is your first time using the software. 2. The author discusses 802.11i PSK and 802.1x on pages 225 - 232. Please compare and contrast the differences between...
Please answer below two question in your own words and in brief The following passage summarizes...
Please answer below two question in your own words and in brief The following passage summarizes some of the central points in the debate as to the value of corporations to devote significant resources to corporate social responsibility: Stakeholders Versus Shareholders Although corporate social responsibility may appear to be an “apple-pie virtue,” it is quite controversial. Below are some of the chief arguments for and against it: Proponents will claim that it… BURNISHES A COMPANY’S REPUTATION. In the wake of...
Question 4. You own a telecommunications and equipment company looking to expand your business by identifying...
Question 4. You own a telecommunications and equipment company looking to expand your business by identifying underperforming competitors, buying them, improving their performance and stock price, and then selling them. You have found such a prospect, Qcom. This company’s marketing department is mediocre; you believe that if you take over the company, you will increase its value by 80% of whatever it was before. But its accounting department is very good; it can conceal assets, liabilities, and transactions to a...
Many of you will some day own your own business. One rapidly growing opportunity is no-...
Many of you will some day own your own business. One rapidly growing opportunity is no- frills workout centers. Such centers attract customers who want to take advantage of state-of-the-art fitness equipment but do not need the other amenities of full-service health clubs. One way to own your own fitness business is to buy a franchise. Snap Fitness is a Minnesota-based business that offers franchise opportunities. For a very low monthly fee ($26, without an annual contract), customers can access...
Weight: 5% Marks:  30    SUBJECT: BUSINESS LAW Discussion #3: Basic Concepts of Intellectual Property Instructions Think of...
Weight: 5% Marks:  30    SUBJECT: BUSINESS LAW Discussion #3: Basic Concepts of Intellectual Property Instructions Think of two potential intellectual property situations that you may come across in your work and/or daily life. For each example, identify the kind of intellectual property that is in question and explain the implications. If you cannot think of examples, you can use some of the following ideas (filling in the details as needed): 1. You think your secret recipe is the reason for the...
Note: time permitting, instead of using the mental exercise recommended above, you may conduct your own...
Note: time permitting, instead of using the mental exercise recommended above, you may conduct your own original analysis by observing a service operation, by surveying the customers of a service firm, or by using the results of surveys from other classes or from a paper, cases, or textbooks (provided that they help you to list at least ten (10) “annoyances” with the service and to state their frequencies). Your submission for this assignment must consist of: ?Your choice of the...