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Analysis and reflection on swot analysis
Comprehensive essay on swot analysis
Analysis and reflection on swot analysis
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Farmer Autocare Introduction Farmer Autocare is an organisation which provides supply and fitting of tyres and wheels, MOTs, brakes, exhausts and repairs. Also Farmer Autocare aims to give their customers this through the best value and of high quality. “We provide you with outstanding service, the very best value for money and the highest quality tyres and wheels. Backed by Sir Tom Farmer, our team of highly experienced people operate Scotland's most modern auto centres.” Within the mission statement above we can see that Farmer Autocare will in fact put the customer’s best interest first in their decision making which would apply to them using the marketing concept. The mission statement was cited from http://www.farmerautocare.com/p/19/about-us …show more content…
Factors that can affect an organisation externally are political, economic, social, technological, environment and competitive. Farmer Autocare has indeed been impacted from many factors such as the technology as this affects what the business will need to keep up-to-date with such as machinery. Also Farmer Autocare will need to use email, internet and databases to attract customers otherwise their competitors will have an advantage, and also this will affect their finance as it will be costly for the machinery and equipment. Also Farmer Autocare is affected by the social factor as young people will learn to start driving and so they will need to find a suitable business to supply them with car needs and they might lose out on customers if they turn to competitors to supply their needs for their vehicle. Another factor that affects Farmers Autocare is the competitive factor as competitors such as Arnold Clark could influence customers and can affect sales if customers go to competitors instead of Farmers …show more content…
Market research also gives information on why some products are more successful than theirs and how they should make the products they use more successful, allows them to decide on the target market that will most benefit. An example on how market research can be collected and used by Farmers Autocare is by using qualitative research which can be researched with focus groups as this would gather different opinions on different topics from a variety of people of chosen participates. This could be used to better set prices for example as some may feel that certain products are too high of a price for them or this research may lead to Farmers Autocare opening another store to reach people who feel they are not close enough to do business with
In the beginning, we choose the Workhorse to become our first target market, and the Traveler has been our second target market. However, we didn’t get a successful sale at the beginning since our brand does not meet the needs of Workhorse and we had a very poor rating of our advertising for our target market even though we have a cheapest price in market. After a few quarters, we try to modify our brand and we find the Traveler may has high demand of our brand since we design a new brand for them, so we change the Traveler to be the first target market and the Workhorse move to second.
⑤ Local farmers suppliers. Local farmers’ benefit are obviously from the ongoing recovery of the purchase price and the sales contract.
“The farm implement industry has profoundly shaped both American agriculture and the national economy. Of all farm implements, the tractor has had the greatest impact on rural life” (Robert C. Williams, qtd. in Olmstead).
test whatever it's a bad effect or not. So when it used on humans, we
Economic factors affecting negative or positive way the companies. The inflation and currencies rates have big influence.
The farming industry believes in their process of large scale farming or big business production. Large farms are one of the world’s largest industries. According to Dr. Joseph Mercola, researcher of many different aspects of the farming industry, “farming has grown into a $15.6 billion dollar industry world wide.” In the United States alone there are an estimated 1.91 million farms (Mercola). Over the years many of the small mom and pop farms have found in nearly impossible to compete with these large farms.
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.
In this assignment, I chose to conduct a SWOT (strengths, weaknesses, opportunities and threats) analysis on a bakery company in Kedah called Kek Sayang. Kek Sayang is a family based business. It is also the oldest bakery in Alor Setar. It started with a really small vendor established on 1st January 1980. On 2002, it has transformed to a boutique bakery. On 2006, the shop has been renovated to include a small portion of cafe-sort to cater all kind of customer. It sells varieties of handmade cakes, buns, pastries and cookies. Later on, the menu extended to drinks which include coffee, smoothies and milkshakes. Its vision is to be the best Bakery in Kedah. Thus, only the finest ingredients are used and artisan techniques are applied
Market intelligence and marketing research give companies helpful information about their customers, competitors, market conditions, and offer an insight into the pulse of external factors, as well as facilitate enterprises to take up the challenges of facing an uncertain future and keep their offering competitive. What's more, they are contributing factors that well benefit the companies reap immense financial reward in the long run. Reference Hewitt, J. (unknown date). Purpose of Marketing Research.
It is estimated that 37 farmers leave the land every day to pursuit in different field (Herro 2006). The decline in rural farmers is from the consequences of industrialization of agriculture. Only 1 percent of the UK workforce is now employed on farm, compared to 35 percent in the last century (Herro 2006). Many of these workers are being weaved out by better technologies that can do the same work at a faster and more efficient rate. On the contrary, organic farming relies more on people for knowledge, daily monitoring, and production. A study by the Soil Association shows organic farming can potentially provide 32 percent more jobs per farm than conventional farming in the United Kingdom (Herro 2006). However, critics have argued that human labors will lead to higher food prices, which makes the shift infeasible. But while this may be true in developed country, a full scale shift to organic farming in developing countries, where labors are much cheaper than pesticides, can lead to a much higher profit for the farmers. Organic farming attracts younger employees than any other work industry. Currently, the average age for conventional farmer is 56 (Herro 2006). If a full scale shift to organic farming were to happen, it would draw a more vibrant and enthusiastic workforce who are food conscious than that older generations, setting up a platform
The oil and gas industry, today, striving to discover a harmony between climbing worldwide request and lessening assets, and keep up control and circulation of working expenses. In the oil and gas industry today, most organizations are looking to expand the productivity of their worldwide portfolios during a period of developing questionable matter. Keep up superior ¬ pleasant pussy against high expenses, high costs, and expanded rivalry were never all the more testing.
Briefly it is a systematic design, collection, analysis, and reporting of data and findings relevant to a specific marketing situation facing the company, allows management to make the changes necessary for better results through adopting a proactive approach. Therefore, if a company wants to know what type of products or services would be profitable it should make a market research. Furthermore, a comprehensive research will enable the company to know about the product imperfections (if there are) and to know if it has been able to satisfy customers’ needs. It attempts to provide accurate information that reflects a true state of affairs. Due to market research the company can formulate a viable marketing plan and estimate the success of its existing plan. There are two main sources of marketing research information:
Market research assists a company to determine the best media outlets to place their advertisements. For instance, a youth-based market may prefer an online advertisement while older customers may opt for radio stations and television adverts.
The premise behind marketing research helps provide a company’s decision makers the information intelligence needed to make daily decisions (McDaniel & Gates, 2006). The data obtained gives insight to the performance of the current marketing mix while also providing insights to potential changes to future programs (McDaniel & Gates, 2006). Marketing research is a key driver to help define new ideas and initiatives that could improve company or product performance.
...cular market. Companies that conduct market research normally save a lot of money by understanding what type of product or service is needed, other than entering the market blindly without knowing what to expect.