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SWOT analysis

A standard way to analyse the market position of a company is by a SWOT analysis. STRENGTHS: WEAKNESSES OPPORTUNITIES THREATS

Why is it done? Consumer needs Trends minimize risk Buying patterns advertising campaign Competitors Questionnaires are useful to collect information

Strenghts/Weaknesses
Strong points about a company; Market share Know-how Skilled workforce Good reputation Modern production technology Efficient manufacturing service Weak points Small market High levels of debts Weak management Untrained staff Poor industrial relations outdated equipment or production methods lack of R&D (research development)

Opportunities/Threats
Future chances New markets Growth (global economy) Developments in technology Future dangers Market saturation Slowdown (recession) Rising interest rates Success of competitors Changing consumer tastes Political problems

Product
The word product does not just refer to manufactured products. It includes financial products and services. A product is the result of R&D Features(quality)

Marketing strategy 4 ps
A companys marketing strategy depends on many things Financial resources Customers needs Market share SWOT analysis Competitors (differentiate product/service)

Constraints
A constraint is something that limits or restricts your freedom of action.

Constraints
Internal: Financial Personnel Market position production External Competition Changes in society Changes in politics Changes in technology Changes in the economy

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