Human ResourcesTraining and Development #2 Essay

serviceman ResourcesTraining and Development 2 - Essay ExampleSWOT Analysis is an effective tool in identifying the inherent strengths and weaknesses and the external opportunities and threats. It helps to develop a plan of action to concentrate on weaknesses and threats and get maximum reward from the strengths and opportunities it has.The strengths of Abbott Labs are its great history of innovation, its wide range of products, the great respect it commands in market ratings, and at last its enlargeing geographical reach opening up new opportunities. These are certainly its strengths to build on.Its overdependence on the anti-bacterial Biaxin and the anti-epileptic Depakote is could be a major weakness for Abbott. Both these products contribute substantially to the company revenues and profits. The challenge for Abbott is to minimize the surrender of sale of these two.Abbott has been doing it bests in exploring new opportunities and keeping its position of strength. The new ag reements and acquisitions it has had with Knoll Pharmaceuticals, Vysis Inc, and Biocompatible will help expand its product range and its pipeline. The company signed aThe price regulation of prescription drugs in discordant markets by peers and government agencies, strong competition from generic manufacturers, and the expiring patent protection are the major threats Abbott is facing.Abbott Laboratories Position of Strength