Information Management

[Name if institute]Information Management

The SWOT analysis of THB Confectionery

SWOT analysis helps the people in understanding the business and also helps the company in knowing as to when and how should the company take decisions (Tucker, 2004). This should also assist the company in knowing what steps they should take and how it will help them in growing. Following is the SWOT analysis of THB Confectionary:

Strength

Addition of a new line of business

There is an online service that is required for the answering of questions, coins around the globe and the sourcing stamps.

The customer service of their company is very effective and has helped the company in earning more.

The company has made sure that the modern technologies are used so that the goals and objectives of the company are achieved (Turban, et al, 2007).

Weakness

Lack of information technologists

Security risks that impact the company in a negative manner and that cause hindrances to the operations of the business.

Issue of improper supervision and management causes negative impacts on the company.

Opportunities

Employing information technologists is an essential and important task for the company as it will help in the growth and expansion.

Building and developing new information technologies will help the company in getting to know more information.

Development of a database that is centralized will prove to be effective for the company.

Threats

Online business will be a big threat to the THB Confectionary and will give tough competition to it.

Improper relation of management and employees will cause problems for the company and its growth (Turban, et al, 2007).

Lack of information technologists will cause problems for the company.

Critically evaluate the way information is managed within the THB Confectionery.

A lot of information has been brought in the company and has not been managed well. There are a lot of loopholes in the management of the information ...