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SWOT ANALYSIS:
The scope and opportunities are not fully understood unless compared well
with the threats and weaknesses of the firm. Hence let us take a look into the
SWOT of Apex Auto Limited.
STRENGTHS:
4. Heavy quality checks are strength, in-fact more a cause for strength of
quality.
Each level quality checks help reduce the risk of rejects and
help attain best results. Unlike most of the competitors, personnel from
Apex Auto Limited visit MFCL hardly once a month for job checks,
though most competitors have employed personnel to stay within MFCL
all the time for rectification works.
The main strength of Met-flow Controls Limited comes with the level of
clarity and simplicity in terms of setting goals and targets and
concentration to achieve them.
WEAKNESS:
1. Being a new unit the concern has still to strengthen its material and other
networks. This is something very important to any organization as only
once a totally perfect network is developed, can there be synergy.
OPORTUNITIES:
1. The tax and other monetary and fiscal benefits offered by the government
currently are another opportunity available to our concern. Numerous
benefits are offered as Hubli is industrially backward areas with more than
ninety percent of the industries are sick units.
2. A long term future opportunity is the fact that China is setting up the
largest steel plant in the world which would solve the problem of shortage
of steel and bring out a level of stability in the industry.
3. There is great opportunity also as one of the competitors m/s Model
Projects is not in a position of manufacturing the buckets and supply them
in time to MFCL. Also another competitor for counterweights is not able
to fulfill monthly schedule commitments to MFCL due o material
shortage. This is one of the greatest opportunities for Met-flow Controls
Limited.
4. Also the growth of the industry as a whole is a major opportunity due to
the high level of increasing demand for the final product. Also the industry
seems to be in the biggest boom it has seen till date which is expected to
last at least another ten years minimum.
5. Inability to met flow limited to supply material (counterweights) within
schedule and also after it, causing extra dispatch from Met-flow Controls
Limited every month over schedule is another major opportunity to cash in
on and increase the share of business on completion of a year of business
performance.
THREATS: