Choose A Middle Eastern Organization

MGT521_CT14NameCourseTutor’s NameDateSABIC SWOT ANALYSISA strengths, weaknesses, opportunities and threats (SWOT) analysis is a tool for examining the internal and external factors that affect business operations. The purpose of a SWOT analysis is to identify internal strengths and weaknesses that a business possesses in order to militate against weakness and exploit strengths. External factors are issues relating to the external environment of a business. In the external environment are opportunities to be exploited and threats to be mitigated. SWOT analysis helps a business identify both internal and external factors that must be aligned for a business to succeed. As a strategic tool, SWOT analysis is used to inform strategies to take advantage of environmental factors, respond to emerging trends and deal with changes in the competitive environment CITATION Joh14 \l 7177 (Johnson, Whittington, Scholes, Angwin, & Regnér, 2014). Saudi Basic Industries Corporation (SABIC) is a diversified business in the chemical industry. The company is a global leader in business and has its headquarters in Riyadh in the Kingdom of Saudi Arabia. In the 1980’s, SABIC capitalised on ready availability of petro-chemicals feedstock to grow into a