According to Hills, Jones, & Shilling (2014), A SWOT analysis is used to create, affirm, or fine-tune a company’s business model. In this chapter, Publix’s strength, weaknesses, opportunity, and threats will be examined and explored to pinpoint which area of the company needs to be strengthened or improved. Taking into consideration will be the four managerial functions leading, controlling, planning and organizing. Following an explorations or Porters five forces and Macro-Environmental forces as they apply to Publix. Leading: Leadership is a strength that Publix holds since its conception. Leadership is one of the crucial elements and the backbone of this corporation. A leader’s guidance can sway the company to flourish into a profitable …show more content…
al, (2014) total quality management is otherwise known as TQM is defined as “increasing product reliability so that it consistently performs as it was designed to and rarely breaks down.” A way that Publix is sure to accomplish TQM within its walls is according to Kevin Martin (2016), Publix “tests, tests, and tests again “Publix’s” private label is of a very high quality, similar to the competitor. Publix ensures the quality and reliability and it sure that the private label is as good or better than that of the competition.” Publix evaluates many new products annually and informs their customers on about the decisions they make on future products the customer might want to try (Human Resource, 2016). Publix is always looking for ways to decrease cost. One way they achieve is the way grocery bags are used at check out. They have taken the initiative to reduce the use of paper and plastic grocery bags (Publix News, 2016). They have and continue to provide training for all of the front service clerks to achieve the goal of bag reduction. According to Publix News (2016), “Publix proudly reached more than 4.4 billion paper and plastic bags saved thanks to your following proper bagging techniques and encouraging the use of reusable
They survey every Publix associate annually for feedback on leadership, compensation packages, policies, and business tools. They believe in promoting diversity
SWOT ANALYSIS: Strengths: High profitability and revenue as well as a high growth rate Weaknesses: Productivity, future debt rating and competitive market all count as weaknesses within the organisation. Opportunities: New products and services and their income level is continuously increasing. Threats: Growing competition and lower profitability and the issues associated with the rising cost of raw materials. MICRO & MACRO ENVIRONMENT:
The total 2014 combined annual revenue for retail drug industry was $305 billion, according Drug Channels Institute. The biggest retailers in this industry are Walgreen Co., CVS Caremark, Corp. and Rite-Aid, Corp with Wal-Mart and Target developing more of a presence in recent years. Those 3 major retailers make up %70 of the industry revenue. The industry had grown substantially in the last 50 years and will continue to innovate and develop well into the near future. The average age of the U.S. consumer is increasing rapidly as the Baby Boomer generation grows older which leads to increased demand for health services to those who are 65 year old and above.
- Identify who your clients are, maybe the promotions and discounts made by Publix has a wrong focus and Publix should realign its sights and do more research on the resources available within areas of the market that are being missed or not
With new competition entering the grocery market Publix’s competitive advantage of product quality is diminishing. To maintain and maximize profits Publix needs to find a new competitive advantage. One such competitive advantage is their specialty departments primarily the deli. The way that Publix can achieve this is by marketing their deli more as a place to eat, and even one day as its own standalone restaurant like Subway. By branching out being a more proactive organization or one that “monitors trends, identifies the future needs of existing customers, and anticipate changes in demand” (Dees, McNamara and Eisner, p. 404).
Publix being an employee-owned, privately held grocery chain company. Their internal mission is to be premier quality food retailer in the world. They are passionately about their needs or values of their customers, dedicated to ensuring the employment of their associates are secure. Publix management team utilizes the SWOT analysis to identify the external and internal factors that could potentially affect their futures performance. The four factors of SWOT are to analyze the organization strengths, weakness, opportunities, and threats.
Chipotle develops and operates fast-casual Mexican food restaurants. Chipotle’s menu is focused on burritos, tacos, burrito bowls, and salads, made with fresh ingredients. Chipotle has a commitment to “ Food with Integrity”. Chipotle began to use organically grown local products, dairy and meats from animals that were raised with high standards. Chipotle works very closely with their suppliers “Food with Integrity” speaks to the emerging demographic base.
SWOT analysis of Bed Bath & Beyond Strengths Bed Bath & Beyond is a well-known, popular company within the home furnishing stores industry. The company is regarded as an industry leader in terms of staying ahead of marketing trends and growth strategy. The company has zero debt.
About Publix Supermarkets, Inc. Publix Supermarkets, Inc., commonly known as Publix is a popular retail store in the United States of America. It is started in 1930 and founded by George. W. Jenkins. Today, it is one of the largest privately-owned retail store throughout the southeast region. It has by far expanded their branches over 1090 store locations in 5 states.
Core Values/Norm What makes Publix stand out from its competitors? Quality service is the marketing strategy Publix uses to attract its customers. For years they have delivered top rated service to its customers, employees and the community. In fact for the past five years, Publix was rated “Highest in Customer Satisfaction with Supermarket Pharmacies by J.D. Power & Associates”. When comparing Publix to one of their main competitor such as Walmart.
Publix billion-dollar company is composed of retail, pharmacy, and other five business units. The information technology unit, in which Publix's Information Systems (IS) team is a varied group of technical experts committed to maximizing the value of the company through the application of information technology. Publix has a responsibility to invest in technology, architecture, infrastructure and the integration of the platforms. They know that the use of modern technology can improve the efficiency of their technical support and improve the buying experience for their customers. The corporate operation, where the majority of the professions that support their stores, distribution facilities, and manufacturing plants are based on its corporate headquarters in Lakeland, Florida; even though there are some support units on the ground in the six states of operation.
Publix is a grocery store that I am familiar with in Huntsville. Publix stands out from its competitors like Kroger, Piggy Wiggly, Wal-Mart, and Whole Food Market for many reasons. For starters, Publix has a unique rewards program. For example, the Publix baby club and Publix Paw are free to join and include monthly savings and expert tips on baby and pet items. Publix also has two for one coupon which in contrast most of their competitors do not have available.
The All Stars Project-Chicago SWOT Analysis Through the All Stars Project, over 53, 820 inner-city youth are given opportunities to transform their lives through the power of performance. This nonprofit reaches some of our nation’s most marginalized youth in six different cities: New York, Bridgeport, Chicago, Dallas, and the San Francisco Bay Area. The All Stars Project of Chicago has many strengths, including its direct response to the surrounding community’s need, and its status as a privately funded nonprofit; which overshadow its weaknesses of having a small staff and office space. There are many opportunities for growth including expanding partnerships with Chicago Public Schools and other similar organizations, and eventually expanding
Hooters’ SWOT Analysis Is Hooters in danger of going out of business? This paper will develop a SWOT analysis detailing the strengths, weaknesses, opportunities, and threats that may affect an organization. The organization being analyzed is Hooters. Hooters is a restaurant that has targeted a mostly male customer base.
Dr. J.R. Bester founder of Science Applications International Corporation (SAIC) is headquartered in McLean, Virginia and employ 40,000 people in 2013. This Aerospace and Defense industry offer products and services in the system integration, technical services and solution and scientific engineering. SAIC strengths are their loyalty they have from their clients by proving their customers with innovative merchandise that put the company ahead of others in their industry, with management marketing teams improving services through services and merchandises increasing company growth. The distributors that the support the company provides the company supplies are better than their competition (A, 2012).