Swot Analysis For Autozone

Accent was founded in 1993 and is 90 percent majority owned by Canada-based MDC Partners, Inc. Accent has 11 locations in six U.S. states and two international locations in Jamaica and the Philippines. They do business with several fortune 1000 companies such as: American Family, Sprint, Asus, Char-broil, Samsung, Sharp and Weight Watchers. (PR Newswire, 2011)

As AutoZone increasingly establishes more international growth, they will continue to maintain their culture as a company that places the customer first. AutoZone continues to follow and adapt to new customer trends as well as adopting new annual themes that facilitate and promote further success and increased diversity. According to Rhodes, “As we have learned from our predecessors, by taking care of the customer, they will give us many more reasons why they shop with us than we could ever give them ourselves” (AutoZone Inc., 2015, p. 26). The company’s long term pledge has been to always put customers first. Additionally, AutoZone further supports their customers through their two websites, autozone.com and autozonepro.com, which provide tutorials and mechanical advice online to customers and anyone else visiting their site. AutoZone has two key positioning strategies, which are physical location and time. Because

Honda has continued to embrace the changes that happen around its operations to ensure sustainability and profitability. The current global motorcycle manufacturing sector is full of competition. It, therefore, becomes crucial for every manufacturer to evaluate their strengths and weaknesses and then identify the opportunities to exploit to gain competitive advantage. Honda is Japanese based automobile company; it has numerous subsidiaries in Asia, Europe, and North America. Due to the advancements in technology, Honda will be required to make use of the latest technological trends to stay competitive. The business level strategy at Honda is in line with its enterprise and corporate strategy. The corporation also conducts Research and

a business venture. It involves specifying the objective of the business venture or project and

Autozone, the top retailer in the United States has always based its strategy on DIY customers with cars over seven years old (Parnell, 2014). As technology has evolved, cars have become more difficult to work on, hence, a new target market of do-it-for-me is continuing to grow. Sales of 2.3 billion were reported for the second quarter of 2017, and the company cited higher supply chain and shrink costs (Landis, 2017).

AutoZone’s strengths are its financial stability that has allowed it become the leading automotive aftermarket retailer. As of May 2016, AutoZone has over $10 billion in sales and over 80,000 employees. Other AutoZone strengths include its over 4,400 locations and its growing numbers (“AutoZone Forbes”, 2016). Also the organization has the ability to provide products for several automobile brands which diversifies its portfolio. Some of AutoZone’s weaknesses includes profitability during a rise in the economy.In the past, it has not met targeted financial goals due to its weakness in commercial repair sales. In 2014, only 17.5% of AutoZone’s 2014 sales were commercial repair, compared to its competitors Advance Auto Parts and O’Reilly Automotive

With the introduction to new technology in the automotive industry, consumers are struggling to maintain and repair their own vehicles. They are relying on professionals in order to complete even minor repairs on their vehicles which forces them to find businesses which not only provides the needed parts but also assist with instruction on how to replace it. The demand for automobile parts is driven by the age and mileage of vehicles in use and generally increases when fewer new cars are sold and older cares are kept on the road, causing the profitability of individuals companies such as AutoZone to depend on inventory management and marketing (Tippie, 2015). For AutoZone, they were able to expand their brand very quickly with a robust financial performance over the years but with competition like The Pep Boys, O’Reilly Automotive and Advance Auto Parts, Inc. they must continue to analyze their strengths against the market in order to stay

AutoZone was a vision from the mind of J.R. “Pitt” Hyde III after receiving his bachelor’s degree in economics. After receiving his degree he joined his grandfather’s wholesale food store Malone & Hyde’s retailing division. Pitt utilized the corporate profiled to identify several industries the wholefood store operated. The company incorporated drug stores, sporting goods stores, and supermarkets to operate in multiple unrelated industries (Parnell, J., 2016).” “Pitt saw a need for a retail automotive parts store to help with upkeep of their vehicle so he created Auto Shack (AutoZone, Inc., 2004 -2017).”

Founded in 1979 under the name AutoShack, Autozone has grown to become the leading retailer of automotive replacement parts and accessories in the United States, employing nearly 65,000 employees with over 4,800 locations in North America. After changing their name to Autozone in 1987, the company was able to implement the first electronic auto-parts catalogue in the retail industry, helping to establish their dominant position in the market. Because the firm was able to record steady growth for years, it was taken public in 1991, allowing it to be listed on the New York Stock Exchange (NYSE) under the ticker symbol AZO. Along with heavy investments in their retail footprint, Autozone had also developed a refined hub-and-feeder inventory system, keeping in-store inventory levels low while reducing the chance of stock outages. Because of their revolutionary electronic

AutoZone has been in operation for more than 30 years as a retailer of aftermarket auto parts and accessories. The company was originally launched in 1979 by Joseph “Pitt” Hyde in Forrest City, Arkansas under the name of Auto Shack (AutoZone, Inc., 2016). Hyde modeled the company after Wal-Mart where he worked for seven years on the board of directors. Although the companies name has changed, the same core values of quality merchandise, discounted prices, and good customer service apply to AutoZone. Over the years AutoZone has grown to be the leading retailer and distributor of aftermarket auto parts in the US including Puerto, Mexico, and Brazil. These parts include replacement parts and accessories for cars, trucks, and vans. Employees practice

In 1913, Henry Ford revolutionized product manufacturing by introducing the first assembly line to the automotive industry. Ford’s hallmark of achievement proved to be a key competence for the motor company as the low cost of the Model T attracted a broader, new range of prospective car-owners. However, after many decades of success, customers have become harder to find. Due to relatively new threats to the industry, increasing numbers of cars and trucks are parked in dealer lots and showrooms creating an alarming trend of stagnation and profit erosion. Foreign-based automakers, such as Toyota and Honda, have expanded operations onto domestic shores and, in turn, have wrestled

Basically, the customer view is self-motivation. First of all, relations with developing countries in relation to the customer and the company, he feels the company and its products or services will change. Learn more about the customer is established, more realistic views from moving to revenue base to determine the overall relationship of more general sense to him. Over time, he turned his attention more central results of the use of product or service (Erasmus, AC, E Boshoff et al. 2001).

Operational excellence is important in delivering quality education using functional areas such as learn and grow, look after customer, look after share holder and the business process to excel which are assessed using a balanced scorecard for their performance. A quantitative technique used with the supported tools in the decision analysis process for making in a situation where uncertainty exists. Strutledge can perform decision analysis using simple excel or OM tools which is a quantitative tool that organizes into a payoff table. The SWOT analysis is a quantitative tool used in the decision analysis to access the impact of adding a new MBA and other Master of Science courses.

The main strength of the Geely Automotive Holdings, Ltd. is their focused research and development initiatives. They invest roughly “10% of their annual sales revenue (which is significant when compared to Toyota’s 5% investment)” in research and development and focus much of their company’s efforts on their Geely Automobile Research School and the Geely Engine Research School (Dess, Lumpkin, and Eisner, 2010). These schools allow them to make improvements pertaining to gas efficiency (a huge competitive advantage in the U.S. and European markets), the meeting of EPA standards, design innovation, as well as feature innovations. These are all important things to consider for any company in the automotive

According to What is SWOT Anlysis (2011), SWOT analysis is an analysis used to identify the internal factors (strengths and weaknesses) of the company as well as external factors (opportunities and threats) of the company.