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    Week 6 Group Activity SWOT Analysis

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    CAMILLE SIOCSION
    The handicraft industry in the Philippines has several strengths, including providing employment, preserving cultural heritage, and generating foreign exchange. However, it also faces weaknesses such as a scarcity of skilled workers, lack of interest from young people, and insufficient knowledge of modern technology. The industry presents opportunities for employment, profit, and marketing products using social media. But it also faces threats such as inaccessibility of raw materials, rising costs, and low competitiveness.

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    Week 6 Group Activity SWOT Analysis

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    CAMILLE SIOCSION
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    The handicraft industry in the Philippines has several strengths, including providing employment, preserving cultural heritage, and generating foreign exchange. However, it also faces weaknesses such as a scarcity of skilled workers, lack of interest from young people, and insufficient knowledge of modern technology. The industry presents opportunities for employment, profit, and marketing products using social media. But it also faces threats such as inaccessibility of raw materials, rising costs, and low competitiveness.

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    Week-6-Group-Activity-SWOT-Analysis

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    The handicraft industry in the Philippines has several strengths, including providing employment, preserving cultural heritage, and generating foreign exchange. However, it also faces weaknesses such as a scarcity of skilled workers, lack of interest from young people, and insufficient knowledge of modern technology. The industry presents opportunities for employment, profit, and marketing products using social media. But it also faces threats such as inaccessibility of raw materials, rising costs, and low competitiveness.

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    44 views1 page

    Week 6 Group Activity SWOT Analysis

    Uploaded by

    CAMILLE SIOCSION
    The handicraft industry in the Philippines has several strengths, including providing employment, preserving cultural heritage, and generating foreign exchange. However, it also faces weaknesses such as a scarcity of skilled workers, lack of interest from young people, and insufficient knowledge of modern technology. The industry presents opportunities for employment, profit, and marketing products using social media. But it also faces threats such as inaccessibility of raw materials, rising costs, and low competitiveness.

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    Handicraft Industry in the Philippines

    S STRENGTH
    Handicraft is a skilled activity in which something is created by
    WEAKNESS
    Handicraft is a type of activity in which useful and attractive
    W
    hand in a conventional manner rather than by machines in a products are made totally by hand using minimal tools. There are
    factory, or an object created by such an activity. problems in our country that must be addressed, and they can
    The following are the Philippines' handicraft industry's strengths: only be remedied by individuals and government agencies
    Handicraft products can be sold locally or exported abroad.
    working together.
    The combination of ethnic and contemporary designs in handicraft The following are the Philippines' handicraft industry's weaknesses:
    products is trending these days. A scarcity of skilled workers.
    Provides employment to a vast segment of craftsmen. Less interest in craft industry especially among young people.
    Preserves cultural heritage. Lack of product promotion.
    It generates substantial foreign exchange for the country. Lacking infrastructure and communication facilities.
    Production flexibility exists. Insufficient knowledge of modern technology.
    Labor costs are low, resulting in a low price. Poor information about recent market trends.
    Low new-entry barriers.
    Poor understanding of the worldwide market and requirements.

    SWOT
    OPPORTUNITIES ANALYSIS THREAT
    Handicraft bring opportunities to many, including us people. Small industries, particularly handicraft production, are a
    Handicrafts industry is full of creativity, opportunities, and major form of employment and in every nation, they constitute a
    benefits. Making handicrafts show teamwork and it may be a new significant part of their export economy.
    skill you can do! The following are the Philippines' handicraft industry's threats:
    The following are the Philippines' handicraft industry's opportunities: Raw materials are not easily accessible.
    Employment is generated especially for the undergraduates. Marked increase in expenses due to excessively expensive fuel
    Handicraft is a profitable business. and spare parts prices.
    Rising demand for handicraft products. Low competitiveness among small-scale industries because of
    Able to market and sell craft products using social media. increasing prices of raw materials.
    Building a handicraft industry needs a lesser initial investment. Increased black-market pricing.
    People will be able to enhance their skills in making crafts. Poor degree of schooling among craftsmen.
    Reduces stress and anxiety. Instead of the number of workers, only the owner is skilled in
    particular stages of manufacturing.

    O Angel Camille T. Medrano Zephrylle Kaye M. Morales T


    Althea B. Bacani Makaila C. Pruna

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