Translating the SWOT issues into actions, are best sorted into or if necessary broken down into the six categories, because in the context of the way that business and organizations work, this makes them more quantifiable and measurable, responsible teams more accountable, and therefore the activities more manageable. Depending on pretext and situation, a SWOT analysis can produce issues which very readily translate into one of the six category actions, or a SWOT analysis can produce issues which overlay a number of categories. Whatever, SWOT essentially tells you what is good and bad about a business or a particular proposition. If it's a business, and the aim is to improve it, then work on translating:
These strengths not only help it to protect the market share in existing markets but also help in penetrating new markets.
Based on Fern Fort University extensive research — some of the strengths of Rite Aid are — Superb Performance in New Markets — Rite Aid has built expertise at entering new markets and making success of them.
The expansion has helped the organization to build new revenue stream and diversify the economic cycle risk in the markets it operates in. Strong Free Cash Flow — Rite Aid has strong free cash flows that provide resources in the hand of the company to expand into new projects.
It has successfully integrated number of technology companies in the past few years to streamline its operations and to build a reliable supply chain. Automation of activities brought consistency of quality to Rite Aid products and has enabled the company to scale up and scale down based on the demand conditions in the market.
Highly skilled workforce through successful training and learning programs. Rite Aid is investing huge resources in training and development of its employees resulting in a workforce that is not only highly skilled but also motivated to achieve more. Successful track record of developing new products — product innovation.
Reliable suppliers — It has a strong base of reliable supplier of raw material thus enabling the company to overcome any supply chain bottlenecks.
Strategy is about making choices and weakness are the areas where a company can improve using SWOT analysis and build on its competitive advantage and strategic positioning. Financial planning is not done properly and efficiently.
The current asset ratio and liquid asset ratios suggest that the company can use the cash more efficiently than what it is doing at present.
Days inventory is high compare to the competitors — making the company raise more capital to invest in the channel. This can impact the long term growth of Rite Aid The company has not being able to tackle the challenges present by the new entrants in the segment and has lost small market share in the niche categories.
Rite Aid has to build internal feedback mechanism directly from sales team on ground to counter these challenges. Investment in Research and Development is below the fastest growing players in the industry.
Even though Rite Aid is spending above the industry average on Research and Development, it has not been able to compete with the leading players in the industry in terms of innovation.
It has come across as a mature firm looking forward to bring out products based on tested features in the market.
Organization structure is only compatible with present business model thus limiting expansion in adjacent product segments. There are gaps in the product range sold by the company.
This lack of choice can give a new competitor a foothold in the market. Limited success outside core business — Even though Rite Aid is one of the leading organizations in its industry it has faced challenges in moving to other product segments with its present culture.
Opportunities for Rite Aid — External Strategic Factors The new taxation policy can significantly impact the way of doing business and can open new opportunity for established players such as Rite Aid to increase its profitability. Lower inflation rate — The low inflation rate bring more stability in the market, enable credit at lower interest rate to the customers of Rite Aid.
Stable free cash flow provides opportunities to invest in adjacent product segments.After completing SWOT analysis of the current content marketing efforts, the next step is to create an actionable plan using this information.
The new content marketing plan will be based on the weaknesses and strengths the firm has identified from the analysis. Nov 21, · Google Swot Analysis.
Strengths *Google is king of search-related advertising, and search-related ads are the fastest growing sector of the online ad business, which is growing at 41% annually, said Piper Jaffray.
SWOT Analysis Strengths Weaknesses Internal -Popularity -well known -branding obvious and easily recognized -A lot of finance -customer loyalty -In Coca Cola SWOT analysis Coca-Cola is the world’s dominant company in the field of manufacturing, distribution and marketing of non-alcoholic beverages.
The central purpose of SWOT matrix is to identify the strategies that an organization can use to exploit external opportunities, counter threats, and build on & protect Teck Resources Limited strengths, and eradicate its weaknesses.
Aug 16, · The military-sounding acronym suits its urgent, heavy-duty purpose: to spell out a business' strengths, weaknesses, opportunities and threats. Completing a SWOT analysis takes time and .
Analyze the business-level strategy of each company by conducting a SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis. Next, determine the fundamental way in which each sector influences its competitive position within the industry.