The pacific science center is a non-profit museum that deals with scientific artifacts. It is located in the Seattle downtown and just next to the Space Needle. Pacific science center is a popular destination in the state in relation to science. The center focuses on environmental ecology including wetland and nature awareness. The center provides travelling exhibits that includes outreach programs, science education vans and even science on wheels. The center has created a niche market primarily centered on science that relates to understanding the necessity for water and natural ecology. In addition, the center provides an ideal setting to teach individuals that seek to become science …show more content…
The fact that the firm is a non-profit organization; it makes it difficult for the firm to generate capital in terms of potential investors. The latter seek to see an organization that can generate revenue, which implies that the investors seek to make a profit from their investments. The fact that the company does not focus on profit generation, the firm is limited in terms of the number of investors it can attract for funding projects as well as other developments of the center. This forces the firm to relay on donations and income from exhibits.
Opportunities: In terms of opportunities, the organization gained some revenues in the past years which I just analyzed before. Its continued gaining in revenue would make PSC a bigger success in the future. Another opportunity is the firm can generate more income by travelling to other states that seek a better understanding on science as well as other related concepts. This can involve holding small exhibitions in other states in order to increase the awareness of the environment. In hindsight, there are people who seek to visit the science center, but cannot visit the center because of convenience (distance and cost to travel). (Pacific Science Center, 2013).
In terms of threats, the focus on non-profit may force the center to close because of the lack of suitable character. Though concentrating on one aspect of science