Starting a Business Online

Topics: Business, Marketing, Commerce Pages: 4 (1155 words) Published: April 29, 2013

This report will explain the understanding of a small, local clothing store along the Jersey Shore boardwalk that wants to engage in e-Commerce. It will identify the advantages and disadvantage of taking a small business online by performing a SWOT analysis. It will provide key issues that any company faces when it conducts international commerce that includes trust, culture, language, government, and infrastructure. The businesses that operate on the Web that extends a company’s reach beyond traditional boundaries. Second, it will attempt to explain the Web increases the speed and efficiency of business communications. Finally, it will look at the law enforcement agencies that have difficulty combating the many type of online crime.

Advantages and Disadvantages of SWOT Analysis
Some of the advantages of performing a SWOT analysis are strategic tools that businesses employ when they need to make decisions about new strategies, or evaluate their internal and external environments. SWOT analyses study the strengths, weaknesses, opportunities and threats of a business so they can gain a bigger picture of their advantages and disadvantages. Performing the SWOT help with knowing the competition, by performing a SWOT analysis, companies can evaluate who their competition is, and benchmark against them to configure strategies that will put the company in a competitive advantage. SWOT analysis is a good decision-making tool that provided well-rounded information that prompt well-informed decisions. SWOT analyses allow companies to forecast. Forecasting, according to the University of Baltimore, is a strategic method that businesses use to project and predict the impacts of different scenarios or decisions. Forecasting allows companies to prepare for thing like economic, downfalls, worst-case scenarios or returns on investments. ( Although a SWOT analysis can be used in a wide array of...

References: Bartolomei, Kyra, eHow. What are the Benefits of SWOT Analysis.
Gross, John P. eHow. The Disadvantages of SWOT Analysis.
Schneider (2011/9th edition). Electronic Commerce.
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