A SWOT Analysis is a strategic management tool that is often used in business to analyze a company, process, system, business opportunity, etc. These strategic plans enable business owners to plan for growth, set goals, understand the market and competition and make the right investment in people and capital at the right time. For instance, the entire life insurance business is in the hands of LIC. The key is to be regularly reviewing your business net income and investment. Organization structure is only compatible with present business model thus limiting expansion in adjacent product segments. Should it face a recession, the rest of the world (andbanks) could suffer by proxy. When you are embarking on any kind of change for your financial brand, regardless of the degree it is critical to get a good understanding of where your brand fits into the industry landscape. Call us today (480) 980-3977. 2016). The weaknessesof the banking industry include the following: Lack ofworldwide coordination. The key is to identify those key drivers of your business, set goals for these drivers and monitor your performance relative to these goals, on a periodic basis. If your business does not have a strategic banking partner, you may be at a disadvantage when compared to your competition. Yet, the industry still languishes in certain respects. FY 2006-2007 Information Technology Services set up G-Mail allowing all students to have a permanent e-mail account. Financial Analysis - Updated info on income statement, balance sheet and cash flows key figures; main financial ratios and capital market snapshot. Major Products and Services – A list of major products, services and brands of the company. Discover Financial Services maintains its prominent position in market by critically analyzing and reviewing the SWOT analysis. They will be disrupted by the inherent, and hidden, weakness in their business models, and by their dependence on generations-old processes … Strong dealer community – It has built a culture among distributor & dealers where the dealers not only promote company’s products but also invest in training the sales team to explain to the customer how he/she can extract the maximum benefits out of the products. This issue is particularly relevant for the Fintech sector as is the risk of fraud or financial risks associated with consumers not fully understanding the new financial products. O. E. Williamson, Markets and Hierarchies(New York: Free Press, 1975); L. Wrigley, Divisional Autonomy and Diversification (PhD, Harvard Business School, 1970), R. E. White, Generic Business Strategies, Organizational Context and Performance: An Empirical Investigation, Strategic Management Journal7 (1986). They are just awesome. The market development will lead to dilution of competitor’s advantage and enable Discover Financial Services to increase its competitiveness compare to the other competitors. PNC Financial Services Opportunities 10) To promote and create awareness among people who are ignorant of banking services and This can be used by PNC Financial Services Group Inc The, and will involve the identification of its internal Strengths (S) and Weaknesses (W) followed by the identification of the Opportunities (O) and Threats (T) it faces in its extensivelyrnal business environment. It provided an evaluation window but not an implementation plan based on strategic competitiveness of Discover Financial Services. Internal factors - The strengths and weaknesses internal to the organization. The new technology provides an opportunity to Discover Financial Services to practices differentiated pricing strategy in the new market. A SWOT analysis is a framework that is used to analyze a company’s competitive positioning in its business environment. Investment in Research and Development is below the fastest growing players in the industry. Organizations also assess the likelihood of events taking place in the coming future and how strong their impact could be on company's performance. Strength - Analyse stocks based on their strengths, weakness, opportunities, and threats. In this SWOT analysis, we are going to take a peek at the strengths and opportunities that the banking industry can take advantage of. Furthermore, if their business is not increasing its cash in the bank, what areas need to be fixed. If so, you will want to ensure you are regularly reviewing accounts receivable and making sure your customers are paying according to your business terms and conditions. These strengths not only help it to protect the market share in existing markets but also help in penetrating new markets. 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