Swot Analysis Of Porter's Five Forces Model
Amber Sumption
Crawford College Lonehill
Business Studies
Mr. Price Research Task
INDEX:
Cover Page page 1
Index page 2
Executive Summary page 3
Intro and Background of Mr. Price page 4
SWOT Analysis page 4
Porter’s Five Force Model page 5
PESTLE Analysis page 6
Strategic Plan page 7
Conclusion page 8
Reference List page 8
EXECUTIVE SUMMARY:
This task is carried out to show the different environments and their roles within the Mr. Price Group. This is essential as it brings our current topic for 2016 and the years allocated text book together to express a real life example on how these this actually work and exist in reality. This shows students how to apply what they have learnt in the syllabus in
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Price needs a SWOT analysis to be able to determine their strength i.e. what the company is excelling in and what advantages they have within their company. This will determine their weaknesses i.e. which parts within their business they are not reaching the full potential and the parts which could be improved. The opportunities will be determined here as well i.e. where and how their business can expand and become better, this is one of the two external factors of the SWOT analysis. Threats refer to the external factors that may have a negative impact on a business or a company, this is an important as any threat to a business should be known about by the business so that they can make necessary plans to ensure that these threats don’t occur and have a negative impact on the …show more content…
Price’s suppliers are all in china which means that they get their product for very chap which allows them to add a very large percentage mark-up on their goods, this results in a very large profit margin on their items. The suppliers have very little impact on the company in terms of percentage of increase on the products that they supply Mr. Price with. The power that they do have over Mr. Price is the fact that they aren’t local and thus resulting in difficulties beyond their control such as shipping and strikes etc. this would affect Mr. Price as they won’t get their stock in time therefore resulting in not reaching the customers and therefore customer dissatisfaction. Another factor which would affect Mr. Price is that their suppliers aren’t local and therefore sizing is very different and could result in customers being dissatisfied with the
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