SWOT ANALYSIS OF IBA

 SWOT ANALYSIS:

SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis is a framework to help assess and understand the internal and external forces that may create opportunities or risks for an organization.

Strengths and weaknesses are internal factors. They are characteristics of a business that give it a relative advantage (or disadvantage, respectively) over its competition. Opportunities and threats, on the other hand, are external factors. Opportunities are elements of the external environment that management can seize upon to improve business performance. Threats are elements of the external environment that may endanger an organization's competitive advantage(s), or even its ability to operate as a going concern (think regulatory issues or technological disruption).

SWOT analysis is a proven effective tool used for planning, brainstorming, and even decision-making. The tool works more effectively if you conduct it while bearing a specific question or objective in mind such as taking advantage of a new business opportunity, responding to new trends, implementing new technology, or dealing with a competitor’s change in operations. The SWOT analysis of the Institute of Business Administration(IBA)  below points out the strength, weaknesses, opportunities, and threats. Based on this analysis, you’d recognize what strategy in the short & long term should focus on in order to achieve organizational sustainability.

 

• STRENGTHS:

1. One of the top business institutes in Pakistan
2. Acclaimed and established MBA & BBA programs
3. Diverse academic program(BS,MS,PhD)
4. A prime choice among the recruiters in the industry
5. Wide and enriched alumni network
6. Highly trained staff
7. International recognition

• WEAKNESSES:

1. Infrastructure insufficiency
2. Weak research
3. More accreditations are yet to be attained
4. High fee structure

• OPPORTUNITIES:

1. The continuing demand for BBA and MBA graduates in the job market
2. Global outreach programs for both faculties and staff
3. Local and foreign collaboration for the creation of knowledge
4. Continuous up-gradation and revision of curriculum and teaching methods
5. More focus on research and innovation

• THREATS:

1. Mushrooming of business institutes in the country
2. Legislative instability and the curriculum in the education system
3. Teachers' and student's mobility
4. Leadership instability