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Reflection on swot analysis
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Critical review of SWOT analysis
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Arnold Lioy
September 4, 2015
Week 3 Assignment – Under Armour
SWOT Analysis The SWOT analysis provides an in-depth summary of the internal and external environment which Under Armour is part of in both a company and industry level. It summarizes the strengths, weaknesses, opportunities, and threats facing the company.
Strengths Weaknesses Brand Loyalty Product Lines
High Quality Apparel Focuses Segment
Innovative Product Technology Limited Distribution Network International Market Share
Opportunities Threats Sports Wear Industry Growing Industry Competition
Women’s Wear Industry Growing Similar Products
International Markets
Innovation
1. Strengths. Through the innovation of high tech undergarments for athletes who compete in various climates, Under Armour is the leader in the industry. The innovation has created a high quality apparel with brand loyalty. The fabric is moisture-wicking geared to high demand of a target market. The ability of
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This is a major plus for the company since their value chain is similar to its competitors. The design is based on the raw material network. This network is made up of both Natural and Synthetic Fibers. Production networks, talking about apparel manufacturers, are the focus of the marketing stage. An example of this in North America would be garment factories in the United States using subcontractors, both domestically and Caribbean based. While in Asia, an example would be Asian garment contractors with contractors, both domestically and overseas. The company secures clients by focusing on export networks. These networks are mainly concerned with retail outlets with brand name apparel along with buying offices around the world and trading companies. Distribution tends to concentrate on retail outlets such as department stores, specialty stores, factory outlets, and mail
The SWOT analysis: The study of the firm's Strengths, Weaknesses, Opportunities and Threats called SWOT analysis, a key step in flushing out known performance issues that are important to the growth of the organization addressed in the corporation strategic plan. The issues identified in the SWOT analysis help leadership to come up with a plan and strategy to achieve the overall mission of the company (Strategic Planning, n, d). Target Corporation is one of the largest public retailing company in the US having more than 1700 stores serving guests nationwide. Target group and its brand position are evaluated in the market using SWOT analysis.--
A SWOT analysis is an acronym that stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT is a planning evaluation used by businesses and organizations.
Lululemon Athletic Inc. (Lululemon) is a retail company that specializes in athletic yoga-inspired apparel for active men and woman. This company is headquartered in Canada and was founded in 1998 by Dennis Wilson. Wilson’s passion was technical athletics which resulted in him opening a studio to design yoga clothing in 2000 in Vancouver. To help pay his rent, Wilson held yoga classes at night when the design studio wasn’t being utilized. By 2011, Lululemon’s yoga apparel was being sold in over 130 stores located throughout Canada, United States and Australia. With much success expanding into a global market, Lululemon’s vision was to evaluate the world from mediocrity to greatness. To achieve this vision, a strategy was developed with
Warby Parker Marketing plan summary 1. Background: Company mission, overview The eyewear industry is controlled by a single monopoly company and prices of eyeglasses have been set abnormally high. So Warby Parker was founded in February 2010 to create a better choice.
Under Armour’s target market is consumers that are involved in physical activities. The demographic age groups that they cater to varies from youth to adults. Their products can with stand any weather condition from cold weather to warm weather, which means their product can be used in any geographic location. These consumers can be either light user like walkers or heavy users like football players.
What is a SWOT analysis? This concept involves assisting businesses to identify their strengths, weaknesses, opportunities and threats. It is often used to analyze an organization and its environment. Businesses find the analysis useful in assisting them to improve their business, establish goals and objectives.
Under Armour is a leading athletic clothing line directed towards the overall athlete who is looking for the most comfort during extracurricular activities. The mission of the company is, "to provide the world with technically advanced products engineered with exclusive fabric construction, supreme moisture management, and proven innovation. In short, every Under Armour product is doing something for you; it's making you better."
SWOT analysis is a necessary tool for business that allows corporations to analyze where their strengths, weaknesses, opportunities and threats lie. The SWOT tool contains paramount information about the industry and helps the executives of the business make decisions that are necessary for the business’s survival and success.
The sports apparel and accessories industry has a highly competitive market. Businesses are constantly competing for elite athletes to sponsor, raw materials, and every opportunity to expand. Under Armour is able to not only survive but thrive in this market because of their ability to think outside of the box. They are constantly creating new and exciting products that help athletes everywhere.
test whatever it's a bad effect or not. So when it used on humans, we
The idea for this company came from the CEO Kevin Plank who, in 1996, wanted to make a shirt to be worn under football gear that wouldn’t get bunched up and gross while playing football. Under Armour started out by selling compression clothing designed to keep cool, dry, and comfortable for any sport or workout, and have expanded to incorporate all aspects of sportswear. They started their business in college football and gradually grew to being big in the NFL. Under Amour is now a company, like Nike and Adidas, who is a supplier of athletic shoes, equipment, and sportswear to psychically active people.
A SWOT analysis is a measure tool to summarize a company’s internal and external aspects. By measuring the company’s strengths, weaknesses, opportunities and threats and looking for improving solutions by using the strengths and opportunities to improve on the weaknesses and take the necessary actions concerning any threats a company can survive in today’s world market.
Nike is the number one innovator in the world in athletic footwear, apparel, equipment, and accessories. This worldwide company operates in an extremely different organizational structure than other companies, such as Reebok and Adidas. Nike operates tremendous marketing strategies and develops inventive designs to inspire athletes around the world. This company is one of the largest suppliers in the world in athletic footwear and apparel, main producer of sports equipment, and making Nike the most valuable brand among sports companies. The task for Nike is to join diversity and inclusion to encourage ideas and innovation. Around the world, this company is a popular brand.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
“The combined external and internal analysis is called as SWOT analysis which is an analysis of the organization’s strength, weaknesses, opportunities and threats”.