Situations

This is when your business evaluate what your currently doing well in. Which department are making the biggest sales. You also have to evaluate what your customers think about the current range of products or services. As this will determine your company’s future success . if the consumers are not happy with the product which may be selling and posting unhappy reviews online this may have a damaging effect on your business going into the future. The business will also have to see if they may be a gap within the market to release a new product or service for consumers. The business will also have to conduct research to see if the competitors are planning on releasing similar products that your businessare currently providing.