Petrojac is a premier provider of oil field consultancy services in roswell, new mexico. its consultants are experts on local conditions. recent discoveries of metal deposits in its region have spawned attractive new markets outside of the oil field, which petrojac has been unable to exploit. global firms with cutting-edge technology have been attracted by the new markets. if petrojac conducts a swot analysis, what would be one of its weaknesses?

Question

Alonso Ali

Business

19 August, 16:31

Petrojac is a premier provider of oil field consultancy services in roswell, new mexico. its consultants are experts on local conditions. recent discoveries of metal deposits in its region have spawned attractive new markets outside of the oil field, which petrojac has been unable to exploit. global firms with cutting-edge technology have been attracted by the new markets. if petrojac conducts a swot analysis, what would be one of its weaknesses?

+3

Answers (1)

Know the Answer?

Valeria Poole · Answer 1

The answer is "lack of access to cutting-edge technology".

SWOT Analysis is a valuable method for understanding your Strengths and Weaknesses, and for recognizing both the Opportunities open to you and the Threats you confront. Utilized in a business setting, it causes you to cut a feasible specialty in your market.

Cutting-edge technology alludes to mechanical gadgets, methods or accomplishments that utilize the most present and abnormal state IT improvements; at the end of the day, innovation at the outskirts of learning. Driving and creative IT industry associations are regularly alluded to as "cutting edge."