Academy of Finance Graduation Thesis MINISTRY OF FINANCE ACADEMY OF FINANCE Student Tran Thi Hong Diem Group CQ56/51 03 GRADUATION THESIS TOPIC Analysis of SWOT model during/after Covid period at Nime[.]
MINISTRY OF FINANCE ACADEMY OF FINANCE Student: Tran Thi Hong Diem Group: CQ56/51.03 GRADUATION THESIS TOPIC: Analysis of SWOT model during/after Covid period at Nimex Joint Stock Company Major : English for Finance and Accounting Student code : 1872202010065 Supervisor : MA Phan Thi Xuan Hanoi – 2022 MINISTRY OF FINANCE ACADEMY OF FINANCE Student: Tran Thi Hong Diem Group: CQ56/51.03 GRADUATION THESIS TOPIC: Analysis of SWOT model during/after Covid period at Nimex Joint Stock Company Major : English for Finance and Accounting Student code : 1872202010065 Supervisor : MA Phan Thi Xuan Hanoi – 2022 Academy of Finance Graduation Thesis DECLARATION The author hereby said that this thesis “Analysis of SWOT model during/after Covid period at Nimex Joint Stock Company’’ is her own and has been generated as the result of her original research Hanoi, May, 2022 Graduation thesis author Tran Thi Hong Diem - CQ56/51.03 Academy of Finance Graduation Thesis ABSTRACT The thesis studied the factors affecting the business dynamics of Nimex Joint Stock Company in the period of 2019-2021 In order to understand the strengths, weaknesses, opportunities and challenges for Nimex Joint Stock Company and more importantly, to propose a business strategy for the company From the results received, the thesis has proposed business strategies and solutions for the company in the coming years Tran Thi Hong Diem - CQ56/51.03 Academy of Finance Graduation Thesis ACKNOWLEDGEMENTS First and foremost, I would like to express my heartfelt gratitude to my thesis's advisor, MA Phan Thi Xuan, for her kind consultation, invaluable advice, constant encouragement, and practice in providing helpful comments She gave me a lot of recommendations and invaluable feedback to my study Without her, this study would not have been achieved Next, I truly appreciate the internship opportunity that Nimex Jonit Stock Company gave me My heartfelt thanks to all the directors, the bankers, who have guided me not only in knowledge but also in working experience, for their dedicated, patient and understanding helped me to complete this research well Special thanks are given to every teacher and my friend from the Faculty of Foreign Languages of the Academy of Finance for supporting and giving me advice on my thesis In addition, they have given me various and useful knowledge and skills in my four years studying at the Academy of Finance Finally, I would like to take this opportunity to thank all my family members who have always been by my side helping and encouraging me to complete this study I am extremely grateful for all the significant support and encouragement during my study. Tran Thi Hong Diem - CQ56/51.03 Academy of Finance Graduation Thesis LIST OF FIGURES No 1.1 1.2 Content SWOT Industry competitive environment Page 15 LIST OF TABLES No 1.1 1.2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 3.1 Content SWOT Matrix Sample of business strategy assessment of enterprises Asset volatility Capital fluctuations Revenue, cost, profit situation Group of performance coefficient indicators Cost list for joint promotion activities of Nimex joint stock company in 2015-2021 Labor structure table at the company SWOT analysis results Nimex's SWOT Matrix Page 10 24 28 30 34 42 46 61 76 Tran Thi Hong Diem - CQ56/51.03 Academy of Finance Graduation Thesis TABLE OF CONTENTS DECLARATION .i ABSTRACT .ii ACKNOWLEDGEMENTS iii LIST OF FIGURES .iv TABLE OF CONTENTS .v INTRODUCTION 1.Rationale Of The Study Aims Of The Study .2 Scope Of The Study Methodology Of The Study Organization Of The Study CHAPTER 1: LITERATURE REVIEW 1.1 Overview of SWOT model 1.1.1 Introduction to SWOT analysis model 1.1.2 Content of SWOT model analysis method 1.1.3 Pros and cons of SWOT analysis model 11 1.2 Factors influencing SWOT model analysis 11 1.2.1 External environmental factors: 11 1.2.1.1 Domestic and world economic environment: 11 1.2.1.2 Political and legal environment .12 1.2.1.3 Natural environment 13 1.2.1.4 Socio-cultural environment 14 1.2.1.5 Competitive environment of enterprises 14 1.2.2 Elements of the inner environment 16 1.2.2.1 The impact of marketing 16 1.2.2.2 Impact of human resources 16 1.2.2.3 Organizational structure of the enterprise 17 1.2.2.4 The financial situation of the business 17 CHAPTER II: THE STUDY 18 2.1 General introduction to Nimex Joint Stock Company 18 2.1.1 Formation and History .18 2.1.2 Organizational structure and management apparatus 20 2.2 Analyzing Nimex Joint Stock Company by using SWOT analysis 23 2.2.1 Analyzing internal factors .23 2.2.2.1 Financial state 23 2.2.1.2 Marketing strategies 36 2.2.1.3 Human resources .46 Tran Thi Hong Diem - CQ56/51.03 Academy of Finance Graduation Thesis 2.2.1.4 Nimex's organizational structure .51 2.2.2 Analyzing external factors .52 2.2.2.2 Political and legal environment .54 2.2.2.3 Natural environment 55 2.2.2.4 Social environment 56 2.3 Summary of SWOT analysis results of Nimex Joint Stock Company .59 CHAPTER III: RECOMMENDATIONS 61 3.1 Future orientation of Nimex Joint Stock Company 61 3.2 Solutions to improve the effectiveness of the Company’s Swot model 63 3.2.1 French prices improve the company's business situation 63 3.2.2 Product Policy Solutions 64 3.2.3 Price Policy Solutions .66 3.2.4 Mixed Promotion Policy Solution 66 3.2.5 Improving the quality of human resources 68 3.2.6 Solutions on management organization of enterprises 70 3.2.7 Some other recommendations 71 3.2.7.1 For the State and local authorities 71 3.2.7.2 For the company 72 3.3 Build the SWOT matrix 73 3.3.1 Strengths - Weaknesses - Opportunities - Risks .73 3.3.2 SWOT Matrix 75 3.3 Apply swot analysis model to select Nimex's business strategy for the period of 2022-2025 .77 3.3.1 Identify the most suitable strategic group .77 3.3.2 Strategic options 78 3.3.2.1 Content of the options 78 3.3.2.2 Select strategic options by method for points 80 CONCLUSION .82 REFERENCES 83 Tran Thi Hong Diem - CQ56/51.03 Academy of Finance Graduation Thesis INTRODUCTION Rationale Of The Study SWOT – a useful tool for understanding and decision making in any situation for any business organization With this toolkit, it will help businesses capture and recognize strengths and weaknesses, as well as find opportunities and challenges to have a business strategy to help businesses develop in a sustainable and good way more beautiful In the current market mechanism under the management of the State of Vietnam, all enterprises must be completely autonomous in doing business, making their own decisions and taking responsibility for their business activities On the other hand, each enterprise is an open economic module in the national economy and gradually integrates with the regional and world economy, which requires businesses not only to pay attention to the current situation and trends, changes in the domestic business environment, but also must take into account both the positive and negative impacts of the regional and international business environment The business environment is getting wider and wider, the competitive and volatile nature of the environment is getting stronger and stronger, the future direction is increasingly important for the development of the business Business strategy is a tool to orient and control an enterprise's activities according to objectives suitable to environmental circumstances and therefore, it plays a decisive role in the success or failure of the business Nimex Joint Stock Company, over the course of more than ten years of establishment and development, has gradually asserted its position and is currently the leading producer of stone powder and agro forestry products in terms of market share provincial school However, Vietnam's accession to the WTO, which means that Vietnam must open its market to 100% foreign-owned enterprises to operate freely and equally in the Vietnamese market, has led to the fiercer competition in the near future In addition, the global financial crisis and the stagnation of the domestic economy are also directly affecting the existence and development of all Tran Thi Hong Diem - CQ56/51.03 Academy of Finance Graduation Thesis branches of the national economy, including the economic sector import and export sector Faced with that situation, Nimex Joint Stock Company needs to devise a business strategy to capture business opportunities, limit difficulties and challenges to continue developing? This is an issue of vital importance for the company in the near future During the internship at Nimex Joint Stock Company, on the basis of the knowledge that was equipped at school, combined with the understanding of the actual business situation of the Company, I would like to choose the topic: “Analysis of SWOT model during/after Covid period at Nimex Joint Stock Company” for the graduation thesis Aims Of The Study The study was carried out to answer the following questions: What is the current situation of analysis of SWOT model at Nimex Joint Stock Company? What are the solutions to improve the effectiveness of analysis of SWOT model of Nimex Joint Stock Company? Scope Of The Study Due to the limitations of time and scale, the study online focus on SWOT model at Nimex Joint Stock Company from 2020 to 2021 Methodology Of The Study The thesis focuses on using the following research methods: - Statistical method - Comparative method - Analytic – synthetic method Organization Of The Study Apart from the introduction, Conclusion, and References, the study includes the following chapters: Chapter 1: Literature review This chapter introduce theory related to SWOT model Tran Thi Hong Diem - CQ56/51.03 ... questions: What is the current situation of analysis of SWOT model at Nimex Joint Stock Company? What are the solutions to improve the effectiveness of analysis of SWOT model of Nimex Joint Stock Company? ... business situation of the Company, I would like to choose the topic: ? ?Analysis of SWOT model during/after Covid period at Nimex Joint Stock Company? ?? for the graduation thesis Aims Of The Study... Hanoi – 2022 Academy of Finance Graduation Thesis DECLARATION The author hereby said that this thesis ? ?Analysis of SWOT model during/after Covid period at Nimex Joint Stock Company? ??’ is her own