"The marketer should conduct a SWOT analysis, by which it evaluates the company’s overall strengths (S), weaknesses (W), opportunities (O), and threats (T)." (Marketing: An Introduction for Education Management 10th Edition, Armstrong Kotler, page 55)
"Strengths include internal capabilities, resources, positive situational factors that may help the company to serve its customers and achieve its objectives. Weaknesses include internal limitations and negative situational factors that may interfere with the company’s performance." (Marketing: An Introduction for Education Management 10th Edition, Armstrong Kotler, page 55) Our strengths are the quality of our food and our friendly service. Our weaknesses are our limited space, so we can’t carry all of the food we would like to offer and make profit. "Opportunities are favorable factors or trends in the external environment that the company may be able to exploit to its advantage. And threats are unfavorable external factors or trends that may present challenges to performance." (Marketing: An Introduction for Education Management 10th Edition, Armstrong Kotler, page 55) One opportunity is the growing trend of mobile food trucks, and the second is that office workers are looking for something closer to work for food with a good price. And they also have the opportunity to eat comforting home food right at the office. Our threat is other food trucks, and the seasonal change in weather, forcing the change in our menus if we want to keep the customers happy. Another threat to us since we are a food truck is the thought of running out of food during the day.