SWOT Analysis Is Deeply Flawed and Should Not Be Applied as a Modern Essay

SWOT Analysis Is Deeply Flawed and Should Not Be Applied as a Modern Marketing Tool - Essay Example This analysis is mainly used in strategic management where that organization aimed at having a competitive advantage from its competitors and it is continuously reviewed. SWOT analysis has been upheld by many organizations, its benefits explored and also its weakness criticized (Evans, and Wright, 2009, p. 10). It is in this bid that this paper will be committed to discussing the thesis statement: SWOT analysis is deeply flawed and should not be applied as a modern marketing tool. Figure 1 The Inherent Weaknesses of SWOT Analysis To begin with, SWOT analysis is flawed as a marketing tool since it does not provide with all the information that is required by managers for strategic planning. From the face value, SWOT analysis is perceived by many people as an easy process. This is since all that a business is expected to do is implement the four quadrant SWOT analysis in the business. This is where the business capitalizes on its opportunities and strengths while mitigating its weaknes ses and threats. However, this is not easy and critical information necessary for making marketing decisions is overlooked by the SWOT analysis. It is flawed since it does not separate this information from the pivotal information that the organization needs to embark on immediately and the peripheral information that can be addressed. This translates to misplaced priorities as the marketing team will be more focused in exploiting the opportunities yet there are some threats that if not dealt with immediately will translate to massive losses. Moreover, as pertains to the SWOT analysis, it does not provide a guideline that shows which customer base is the most attractive, which strategy is the most powerful. Lack of guidelines as pertains to the results obtained from carrying out a SWOT analysis makes it flawed and hence should not be applied as a modern marketing tool (Valentin, 2001, p. 58). Subsequently, SWOT analysis is deeply flawed and should not be used as a marketing tool sin ce it is a checklist to evaluate the performance of the strengths and weaknesses identified upon carrying out a SWOT analysis. This is evidenced with an illustration of an example of a strength that has been identified by a business upon carrying out a SWOT analysis as a marketing tool. A business has identified its leadership in market share as strength for the benefit of the organization. On face value, this looks productive since positive correlations have been documented to exist between leadership in market share and the profitability of the organization. The business consequently surges forward to exploit the strength, without bearing in mind the minute details of leadership in market share leadership that may affect the performance of the business. The organization by relying on the SWOT analysis fails to assess if leadership in market share is relevant to the organization and if the investment made by the organization is feasible. Use of checklist in SWOT analysis makes it a flawed marketing tool due to lack of leverage of the decisions made and hence not a good modern marketing tool (Kotler, 2000, p. 78). Moreover, SWOT analysis is deeply flawed and should not be used as a marketing since it has been described as being vague and simplistic. This is evidenced

Patent and Trademarks in the UK Essay Example | Topics and Well Written Essays - 2250 words

Patent and Trademarks in the UK - Essay Example The first test is whether modifying the invention has a significant effect on the performance of the patented invention. The second test is whether an expert in that particular field of the invention would consider the language describing the patent as the strict essential for distinguishing the invention. Finally, there is a consideration whether it would not have have been obvious to an expert in a related field that the modification made on the invention would not have any effect on the patented invention. Later, these principles were affirmed in the case of Kirin-Amgen Inc and Others v. Hoechst Marion Roussel Limited and Others. 7 Crown, The Patents Rules and fees 2007 (as amended) Patents Legal Section, (2014). accessed 16th April 2015. 14 Thompson Reuters Legal Solution, Patents, trademarks, copyright and designs in the UK (England and Wales): overview Accessed 16th April 2015. 14 Ainurul R & Birgitte A, Are There "Institutional Failures" in Intellectual Property Marketplaces? Evidence from Information and Communication Technology Firms, (International Journal of Management, 2013) 723. 15 Mercer J, A mark of distinction: Branding and trademark law in the UK from the 1860s Business History 2010 52(1) 17. Accessed 16th April 2015. 16 The effects of globalization, technological advancement, and the ensuing business competition necessitate the need for individuals and businesses to protect their intellectual property against infringement.1 The legislation provides qualifications and procedure for registering patents and trademarks, as well as remedies for the proprietor in case of violation of right. This document focuses on the patent and trademark registration process. This study focuses on the situation in which the registrar may decline the registration of patents and trademarks if previous similar inventions or signs are available at the filing date.