SWOT Anaysis of Procter & Gamble-Free-Samples-Myassignmenthelp

Questions: 1.InContext to Strategic Management, Search the Fortune Most Admired Companies 2010 and Compare that list to the latest one of 2017. 2.Create a Hypothetical Organization offering product /service of your choice. Identify a realPotential Competitor in the Market. Answers: 1.Strategic management is concern about the planning and construction of strategies that are implemented to ensure the development of the organization. As per the Fortune Most Admired Companies 2010 the top 10 companies were: Apple, Google, Berkshire Hathaway, Johnson Johnson, Amazon.com, Procter Gamble, Toyota Motor, Goldman Sachs Group, Wal-Mart Coca-Cola (Fortune, 2010). In the list of most admired companies of 2017 following companies are included: Apple Computers, Amazon.com internet services and retailing, Starbucks food services, Berkshire Hathaway, Disney Entertainment, Alphabet Internet services and retailing, General Electric Industrial Machinery, Southwest Airlines, Facebook Internet Services and Retailing Microsoft Computer Software (Fortune, 2017). Procter Gamble The Procter Gamble was the company that was listed in most admirable companies in 2010 but was not added in the list of 2017, one of the reasons that could be cited is that there were many products launched by PG but the thing that could be noted is that those were not innovated by Procter Gamble and this might be the reason of the downfall that the company faced. The core competencies of PG are that it sets the challenging goals but yet they are the acceptable one. They believe in grabbing the opportunity and setting up the trend in the market. The strategies of PG are unique as well; they adopted the formulation, implementation, and controlling strategies so that corrective actions are immediately taken. The HR policy is divergent in PG they appoint the competent force of human resources and render appropriate training and development to these competent humans and ensures the development of the company (Reingold, 2016). The competency that diversifies the company from the competi tors is the on-time decision making by the company. The company favors the competitive advantages and accordingly take the decisions. They take right decisions at the crucial times and keep a viewpoint to consider every small thing so that they do not grow up to shape a big problem. The business model that the business adopted is innovation. The company CEO quotes that innovation is considered to be the heart of their business model. SWOT Analysis of PG Strength The company has a good focus on research and development criteria. The focus on quality is high. Established the first position in mouthwash products. Weakness The distribution channel of the company is not adequate enough. Lack of packaging skills. Opportunity They step in the market where profit maximisation takes place. The promotional activities take place with the advancement in HR. Threats There are many competitors in the marketplace. The global economic conditions are not good impacting the financial position of the company (Thompson, 2017). Apple Company Apple appeared both the times in the list of Most Admired Companies of 2010 and 2017. Even it leads the list and maintained the top position. The reason being that Apple always uses the unique strategy; it comes up with something new and better in every launch. Also, the launch of Apple is as unique as its products. The core competencies of Apple is primarily it is very innovative and in every product, it introduces new features to attract consumers and make them raise their desires and enhancing the tension to get the product (Noren, 2012). The competency that is different from the competitors is that they plan and predict those things that even do not strike the consumer mind and create the needs. Another distinct point of Apple is that they never compromise on the price and maintain the luxury of the product by keeping the prime price that depicts the status and standard of buyers. Also, the skills and capabilities of the company are proving to be the competitive advantage over th e competitors. The business model that Apple had adopted is innovation. The aim to choose this business model is to create a new synergy, deliver it in a standardized format and capture the value of the product and the luxury attached to it. Also, the company focuses on the environment-friendly innovative ecosystem so that social obligation gets fulfilled as well (1000 ventures, 2017). SWOT Analysis of Apple Company Strength The innovativeness is created in the technology thereby changing the era of technology. The Apple carries an innovative spirit within and bounces up with the latest technology. It focuses on brand awareness and creation of positioning using effective methods. Weakness The high prices at times become the cause of concern. The losing of legal action resulted in dropping down the reputation of the company. Opportunity Introduction of new technology increase the competitiveness and competitive advantage is enjoyed. The market share gets improvised. Threat With the changing technology the competition is increasing influencing Apple to launch something better, thus tough competition has been raised. Customer shift towards the competitors rendering similar technology at the price-sensitive position (Smithson, 2017). Starbucks There is a company that was not earlier listed in the most admired company in 2010 but gained the position in the list of top 10 in 2017. This company is Starbucks that attained the heights in no time because of its rich flavor and the ambiance that it provides to the customer. The best thing that made Starbucks reach this peak is that it is environment-friendly and follows the social obligations. It provides the luxury and richness that benefits the environment as well. They consider it as the responsibility to pay gratitude to the environment. The cores competencies of Starbucks are that it provides the focused quality product, the services rendered to the customer are optimum and they believe in the care towards their customers (Connors, 2015). The competitive advantage of Starbucks is that it provides the rich flavors and quality service along with customer satisfaction at the rate lower than the competitors to attract a maximum crowd. The competency that distinguishes the compan y from the competitors is the supply chain management and the ability to adapt the dynamic environment. The business model that Starbucks carries is to treat their employees equivalent to the customers (Henricks, 2017). They think of employee satisfaction first than to customer satisfaction which diversifies the company from other and increases employee engagement. SWOT Analysis of Starbucks Strength Starbucks carries good track record. It is one of the largest coffee houses that run in the world. Weakness The coffee is not cost-effective. Prices of coffee beans fluctuate a lot. Opportunity The demand for coffee has been rising in the South Asian market. The range of supply is high that helps in business expansion. Threat The prices of coffee beans are rising at the great pace. Infringement of trademark (Lombardo, 2017). 2.The hypothetical business selected is Caf Chit-Chat that provides food and beverage services specifically it deals in coffee, the specialty it carries is that it has been set up in a very creative and innovative manner. Everything from the infrastructure to the coffee each and every tiny object comprises with the touch of creativity. The competitor of this caf is Costa coffee, Costa was invented by Bruno and Sergio that started its business in the UK and it has become the largest chain in the UK (Costa coffee, 2017). The mission of Caf Chit-Chat is to gather people over a creamy cup of coffee and discuss their success with the rich sip enjoying the positive ambiance and making the day worth countable. The objective of caf is to collect people and build up relations, it aims at satisfying the customer through the luxury they provide within the relations as well as through the richness in the flavor of coffee adding the pinch of creativity and coffee art to enhance the customers interest (Ccs coffee, 2017). SWOT Analysis of Caf Chit-Chat Strength The caf focuses on the niche market and serve the varieties of coffee that are famous in different corners of the world and combining them in the single caf. They serve homemade snacks with the coffee complementing and enhancing the taste along with elongating the meeting with gathering. Location of caf is such that attract the youth as well as business and service-oriented Friends could plan their hangouts and even the business meets could be handled over there. Weaknesses Due to the lack of budget, the location selected is small and a lot of people cannot gather at the similar moment. The cost of the product is high as it is competing with Costa coffee and trying to maintain the balance of luxury and richness in the taste as well as the environment. Opportunity The caf could adopt the promotional activities and launch certain attractive offers or combos to grab the customers attention and increase the consumer base. The consumer loyalty discount could be added to retain the customers and increase the referrals as well. Caf could launch the best coffee-desert combination every week so that people try the innovative recipes. Threats The competitors are the major threat to the company, as per this caf the Costa coffee is the major competitor. To maintain the customer base and establishing the loyalty program for the customer. Managing the budget according to the plan and expanding the business accordingly to gain popularity (Belcher, 2017). On analyzing the internal and external environment through the swot analysis the problems that have been pointed out is that the caf needs to be expanded and for that huge budget and a good amount of investment is necessary. Therefore in order to collect the revenue for expansion the rates of coffee and snacks were raised that might affect the consumer base. The mission and objective should remain intact but the focus on quality has to be paid so that the consumers are ready to pay the high price for the luxury they are gaining in return. The special discount could be provided to students who are not able to pay such a high costs. After evaluating the alternate strategies the alternative that has been selected is that to maintain the budget and create the positioning the rebates could be provided as per the crowd (Hand ground, 2017). To retain the student group the student concession could be provided to them also gaming area could be installed so that they stay in caf for long and r efer to other people as well. This strategy could be implemented by drafting the blueprint and adding on the new items in the menu along with the combos and rendering gifts with certain combos. The budget of the quality product should not be compromised. These amounts could be adjusted and covered by opening up the home delivery scheme as well so that maximum people could avail the services. After implementing the above-mentioned strategies there is a need to collect the feedback from the consumers so that the position of business could be analyzed and the necessary corrective actions are taken to improve the working and focus on the vision. References 1000 ventures. (2017). Apples innovative business models. Viewed on 9th November 2017. https://www.1000ventures.com/business_guide/cs_biz_model_apple.html. Belcher. L.M.(2017). SWOT Analysis for a coffee cafe. viewed on 9th November 2017. https://smallbusiness.chron.com/swot-analysis-coffee-cafe-15644.html. Ccs coffee. (2017). Our vision, mission, values. Viewed on 9th November 2017. https://www.ccscoffee.com/vision-mission-values/#vision. Connors. P. (2015). Core competency competitive advantage. Viewed on 9th November 2017. https://www.linkedin.com/pulse/core-competency-competitive-advantage-patrick-connors. Costa coffee. (2017). A drop of history in every cup. Viewed on 9th November 2017. https://www.costacoffee.ae/costa-coffee/the-costa-way/history/. Fortune. (2010). Worlds most admired companies. Viewed on 9th November 2017. https://archive.fortune.com/magazines/fortune/mostadmired/2010/. Fortune. (2017). The worlds most admired companies. Viewed on 9th November 2017. https://fortune.com/worlds-most-admired-companies/list/. Hand ground. (2017). 6 coffee shop marketing strategies that cost less than $100 a month. Viewed on 9th November 2017. https://handground.com/grind/6-coffee-shop-marketing-strategies-that-cost-less-than-100-a-month. Henricks. M. (2017). The Starbucks business model. Viewed on 9th November 2017. https://www.entrepreneur.com/article/173256. Lombardo. J. (2017). Starbucks coffee SWOT Analysis. https://panmore.com/starbucks-coffee-swot-analysis. Noren. E. (2012). The Subscription business model. Viewed on 9th November 2017. https://www.digitalbusinessmodelguru.com/. Reingold. J. (2016). Can PG find its aim again? Viewed on 9th November 2017. https://fortune.com/procter-and-gamble-david-taylor-fortune-500/. Smithson. N. (2017). Apple Inc. SWOT Analysis Recommendations. Viewed on 9th November 2017. https://panmore.com/apple-inc-swot-analysis-recommendations. Thompson. A. (2017). Procter Gamble SWOT Analysis Recommendations. Viewed on 9th November 2017. https://panmore.com/procter-gamble-swot-analysis-recommendations