Antillean Baking Company produces and sells a variety of baked products such as bread, biscuits and buns on the local market. In recent years it has lost market share and management has decided to do a SWOT Analysis of the following areas-: (1) Customers, (2) Suppliers, (3) Competitors and (4) Intermediaries.
(a) What does the term SWOT Analysis mean? (4 marks)
(b) Identify and outline the impact on the company’s operations of the TWO trends in EACH of the four areas identified above. (21 marks)
(a) In order to develop a marketing plan or strategy which can identify preferred and likely directions, the firm can conduct a SWOT Analysis which is a general and quick examination of a business’s current position. The SWOT Analysis
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Furthermore, If Antillean receives raw materials late or faulty materials, the products may be defective or behind production targets. If the firm produces faulty products it may earn a bad reputation and loose customers. Also, if the firm is not able to meet orders on time it may loose customers this, reducing market share. Discounts on purchases are a promotional strategy many firms use and may well be a trend developed by Antillean’s suppliers. If the suppliers give discounts for bulk purchases the larger firms may benefit since they may have the capital to purchase the bulk stock. This may allow these firms to have a competitive advantage over Antillean. There firms may be able to lower prices due to the decrease in the cost of production. The firm may be able to attract Antillean’s customers through the lower prices. This strategy will decrease Antillean’s market share. However, it must be noted that once Antillean has the capital to purchase the bulk stock they may gain the same advantage as the larger firms. The food industry is one of the most competitive industries as businessmen are aware of the fact that food is a necessity and there is always a demand for it. The competitiveness of this industry may have caused business men to become more innovative as a means of competing effectively. Becoming more innovative in the bread and pastries industry may mean opening shops and restaurants selling only the firm’s products. For
To increase my skill set in facilitating a group, being able to exhibit genuineness, empathy, and positive regard to all in the group. Display acceptance of all cultures with admiration and self-respect (removing all stigmas and bias).
The SWOT analysis is a simple way of generating strategic marketing alternatives from a situation analysis. Another type of popular analysis is a PEST analysis, which involves Political, Economic or Environmental, Social, and Technological or Transportation analysis. An industry analysis can be performed using a framework developed by Michael Porter known as Porter's five forces. This framework evaluates entry barriers, suppliers, customers, substitute products, and industry rivalry.
The second part will present the SWOT analysis based on internal and external environment. The last section is to set the marketing objectives for developing the marketing strategies.
The products with high cost will have less attractive due to higher price. In addition, the automation level is relative low due to the strategy.
A. SWOT analysis is used by a company to appraise its internal strengths and weaknesses as well as examine any external threats from potential competitors, and to research current and potential customers in a chosen demographic market. Businesses must utilize SWOT analyses to form a foundation upon which to build their marketing programs.
SWOT analysis is a basic model that provides direction and serves as a basis for the development of marketing plans. In competitor analyses, firms build detailed profiles of each competitor in the market, focusing especially on their relative competitive strengths and weaknesses using SWOT analysis.
market. It is crucial for businesses to analyze its business plan through the use of the SWOT Analysis,
This case study is about Panera Bread Company and its strategy it wishes to employ to become the best brand name of fresh bread in the United States. Panera Bread’s use of a broad differentiation strategy has helped their profitability and growth and rivals have found it hard to compete with the competitiveness of Panera Bread. A SWOT analysis will reveal the competitive advantage Panera Bread has and why this company is in an attractive situation and what Panera Bread must do to strengthen its competitive advantage against rival chains.
The SWOT analysis is business analysis method that business can use for each of its department when deciding on the most perfect way to increase their business and future growth. This procedure identifies the internal and external strengths, weaknesses, opportunities and threats that are in the markets.
A SWOT Analysis is a useful technique to find out a firm’s competitive position .A SWOT Analysis divides the information into two main categories(internal and external factors) and further into positive aspects(strengths and opportunities) and negative aspects(weaknesses and threats).Based on the SWOT framework marketing executives can plan alternative marketing strategies. (Kotabe & Helsen, 2010).
Applying SWOT as a planning tool will identify goals and development of your firm’s objectives in the decision-making process. As Corina and Alexandru (2008) point out from their research, “In a permanent changing environment, the measurement and monitorisation of the performance of a company has become one of the key issues for its success” (p. 1072). Utilizing this planning tool of SWOT will establish a specific strategic plan through external environments and internal problems integrating this into a more comprehensive goal and strategy for the firm. Vital to the SWOT planning tool, is identifying our organization’s strengths, weakness, opportunities, and threats that affect our organization’s performance. Accomplishing this through drawing on all available resources from customer to social media, and from acquaintances in other similar organization, is to whom you conduct business with being subcontractors, suppliers, banks, and professional organizations (Daft, 2014). Further, we develop a better understanding how our company is operating and performing, and gain insight as to giving more attention to the weaknesses, and maintaining our strengths through measurement and monitorisation.
In order to run a thriving business, you must be very knowledgeable about your customers, operation, competitors and the environment. When it comes to market planning many important factors must be taken into consideration. According to the business dictionary market planning is the procedure of examining one or more of prospective marketplaces in order to decide how business can compete with them. The marketing planning procedure normally concludes with a marketing strategy that can be used to increase sales for the business making it. This essay will discuss the SWOT analysis in regards to marketing planning, and its importance in the planning procedure
SWOT is primarily one of the most essential tools in the analysis of marketing data and information (Ferrell & Hartline, 2014, p. 85). Furthermore, it 's considered as highly effective and useful in unveiling competitive advantages that can influence a company 's marketing strategy if it 's performed correctly.
The SWOT analysis provides information that is helpful in matching the firm’s resources and capabilities to the competitive environment in which it operates. As such, it is instrumental in strategy formulation and selection. (QuickMBA n.d.)
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.