Determine specific strategic growth strategies for your business venture based upon your analysis of what you might find your business facing in each of the four situational quadrants of the SWOT matrix. Justify your selections by evaluating the conditions and explaining the rationalization behind each growth strategy. Also, briefly include how you would implement your plan in each instance. Be sure to incorporate elements of what you’ve learned throughout the course.
1 SWOT Matrix
4 scholarly sources
The goal of the Boba Cafe is to have a net monthly income of $10,000.
Quadrant 1 Strength: Only Boba Tea Cafe in town, expand the market with offer new products, different delivery channel such delivery, party size drink (5gal).
Quadrant 2 Weakness: Worker shorter due to COVID, invest in online ordering, robot drink maker, eliminate the labor cost
Quadrant 3 Opportunities: Open another business if the Boba cafe becomes stagnant or has a slow growth rate. Such as real estate, rental property
Quadrant 4 Threat: Raw material shortage, other boba cafes enter the market
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