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Mmm Swot Analysis By Ajanaku Tope by Ajanacool(m): 9:26am On Mar 07, 2017 |
MMM SWOT ANALYSIS
PRESENTED BY AJANAKU
TOPE OF MMM NIGERIA
ONLINE GUIDER’’S SCHOOL
SWOT means Strength, Weaknesses,
Opportunities and Threats in MMM
community
STRENGTH:
1. There is security in the donation
members make since the money does not
go to a central account
2. All category of people in the society
can access it irrespective of gender and
status.
3. The system belongs to the people not
to an individual.
4. Donations are made based on the
personal will of the participants. The
system does not enforce any limit either
minimum or maximum that participants
can donate.
WEAKNESSES
1. Since it does not not operating
offline, participants cannot check their
account without internet connection.
2. Movement of downlines of new
guiders is not automatic and some guiders
are reluctant in moving the downlines of
new guiders.
3. If a participant is on moratorium,
he cannot be matched for the help he has
requested but the system will matched such
participants if he has offered to provide
help. Since such a member is on
moratorium, the system would have spared
such participant from matching until such
account has been verified.
4. There is no central physical
structure or corporate offices that members
can easily go for complains
OPPORTUNITIES
1. It establishes relationship between
participants when they have order to pay
and also to get help
2. It gives people of all classes equal
opportunity to grow their finances
3. It informs participants about the
unfriendly mode of operation of the world
financial system and inform them how they
can better their financial fortune using
their spare money.
4. There is an increase in the number
of participants every day. In other words,
there is no promotional period for
participants to join or provide help.
THREATS
1. Hackers can hack into members
account thereby carry out unauthorized
activities on the account which can lead to
blocking and that can discourage new
participants from joining the community.
2. There is also a notion in some
quarters that the system might collapse
anytime because of similar experiences
people had in other financial social
networks.
3. Past experiences of people in
Internet investments that has collapsed also
make it difficult for some people to
participate
4. Actually, there is no absolute Internet
security that can secure people’s
information in any online transaction. The
network and computer is opened to virus
attacks |
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