Q1. In Stag Case Study, the 3 key factors to impact on the business in the future can be discussed in two theories, namely SWOT and PESTEL. The SWOT analysis is a structured planning way to assess the strengths, weaknesses, opportunities and threats likely to impact on strategy development for analyses to identify the competition environment. Strengths are internal origins that offer an area to enumerate everything done right one by one or as an organisation. In this case, in 2011Stag is treated as one of the most popular Indian sports brand in table tennis in worldwide, No.1 table tennis equipment manufacturer in Indian, top 5 in global and low cost of operations, more easily for generating fund to expand business for more profit. It make …show more content…
The cultural web illustrates behavioural, physical and symbolic expressions of cultures that notifies and are informed by the taken- for-granted assumptions, or paradigm, of an organisation. Stories, past incidents and people talked about inside and outside factors the firm. Stag International was fourth generation family owned and led business as a globally acknowledged, manufacturer, supplier and export of sports goods and equipment. Product range includes Table Tennis, Netball, Basketball, Fitness equipment etc. Stag is a world leader in Table Tennis tables and flooring, which used in International level tournaments. Rakesh and Vivek Kohli are chairman and vice-chairman of Stag International. Rituals and routines manage daily actions and conduct of people that semaphore receivable behaviour. Stag participated in most, if not all, major table tennis events in the domestic and international circuits and reinforced its brand presence by way of Stag sponsored (and branded) team kits, equipment and events. International Society for Prosthetics and Orthotics (ISPO) was the biggest, and by far the most internationally acknowledged, sports goods industry event for manufacturers, buyers and visitors from across the …show more content…
Stag produced the number one table tennis brand in India and was amongst the top five producers in the world, so the qualities are high reliability; financial systems are managed by Rakesh. Stag’s sales activities for the domestic market were being increasingly handed over to Pranav, leaving Rakesh and Vivek to focus more on exports and the company’s relationship with the International Table Tennis Federation (ITTF). In reward, Stag’s account receivables/ collections activities were under the purview of the respective sales staff, with Raskesh as the escalation
The diversification lowered the overall risk of the firm and created an information network among the divisions, which was critical for the company to gain competitive advantage. The loyal customer base was another strength. The $60 billion assets that under the company’s management provided the company a positive brand image and made it easier for the company to attract new customers. Weakness:
In 1973, Clifford Geertz- an American anthropologist- authored The Interpretation of Cultures, in which he defines culture as a context that behaviors and processes can be described from. His work, particularly this one, has come to be fundamental in the anthropological field, especially for symbolic anthropology-study of the role of symbols in a society- and an understanding of “thick description”-human behavior described such that it has meaning to an outsider of the community it originated. Alice Goffman is an American sociologist and ethnographer widely-known for her work, On the Run: Fugitive Life in an American City (2015). In this work, she relays how for her undergraduate and doctoral research project, she immersed herself in a predominately African-American community of Philadelphia as a white, privileged woman. Goffman goes on the explain how the frequent policing and incarceration of young, black men from this neighborhood affects the entire community and even affected Goffman herself.
What types of strategies do you recommend based on your analysis ? SWOT Analysis is a strategic method that is implemented by a company, in order to determine their Strengths, Weaknesses, Opportunities and Threats regarding a business undertaking. The company defines their objective and determines what the external and internal elements are that can have a positive or negative impact on reaching their goal. The purpose of every SWOT analysis is to recognize what the main internal and external factors are that are vital in attaining the objective of the firm.
The sporting goods industry has a long history from the mid- 1800s until the early 1980s. Since then public ownership led to the expansion of footwear and apparel products in an exploding marketplace. This allowed the top 20 firms to have sales of at least $1 billion. (Lipsey, 2006) After 1980s, sports equipment manufacturing is estimated above a $70 billion industry and is continuously growing worldwide (statista.com, 2014). The production of sports equipment is one of the biggest and most profitable industries nowadays and it gathers all the attention of big brands with powerful marketing techniques which compete in global scale.
Strengths are the features of the business and internal capabilities that allow the company to operate more effectively than their competitors and help to reach its objectives , such : distinct product quality , marketing expertise , good location and other , for example : United airlines have a good reputation and this is a strength of the company .Weaknesses are internal limit that may limits the company’s ability to achieve its objectives , such : bad location , poor quality product and other , for example : United airlines have a lack of resources and this is a weakness of the company . Opportunities are external factors that may help the company to exploit to its advantages , such :demographic changes , economic claims , new technology and taste of customers , for example : in the holidays , people often want to travel , so United airlines provide a good offering to attract more travelers . Threats are emerging or current external factors that may challenge the company’s performance , such as : economic crisis , taxation and competitions , for example : United airlines have a many competitors that may challenge the company’s abilities to attract more customers . as I’m the owner and managers of United airlines ,first I will look at my own internal strengths for example : United airlines are a very trusted brand and Has an employee strength of over 85,000+ . While my own internal weaknesses
Every day we use our culture. Whether it be to argue claims, express opinions, or make decisions, culture plays a part in each area. Culture is who we are, one’s identity, its extent is enormous over our views and actions. A person grows up surrounded with culture at a young age. This can affect how they learn and what they learn.
The purpose of this assignment is to give a close attention to the financial perspective of the Mdelic Wasatch Outerwear as we examine past and current financial data and evaluate company's performance and financial position. In order to evaluate a company, we need to go beyond the numbers mentioned in financial statements. Investors, managers, creditors and others need to analyze various aspects of financial statements so they can invest, manage and do business more effectively with the particular company. Analyzing the company’s financial statement helps in evaluating performance of the company that further helps in making smart decisions. Also, to accurately analyze the performance of the company, we need to compare its performance
A SWOT analysis can be done for any company, product, place, industry, or person. They can serve as a precursor to any sort of company related action, such as exploring recognizing new initiatives, making decisions related to new policies, identifying possible areas for change and improvising. Answer: (b): SWOT analysis is performed to improve business operations by taking into account the Strength, weaknesses, Opportunity and Threats.
Nevertheless, it is the way that friction is approached that makes a difference. By applying my positive attitude and sense of finding a common ground among coworkers, it will enable me to apply this strength to my daily life. Lastly, the strength of achiever was a lesser theme for me compared to my other top strengths. I sometimes take on too many tasks and want to accomplish many things in order to make me feel good about myself. I am extremely committed to everything I do and influence others to succeed in what they do.
5.1 Strengths Know their frequent customers and have a special relationship with
A swot analysis is an analytical tool whereby the positive and negative internal and external aspects of a company or entrepreneur are analysed. RIHANNA’S STRENGHTS: A strength is an internal positive factor that can benefit a company or an entrepreneur. Rihanna has an enormous fan base which will benefit her as it will ensure the continued and unconditional support which means that her profits will be continual.
More specifically, as strengths of a company it may consider the marketing plan, the management and the evolution of technology. The Internet Marketing plays one of the most important roles because using the Internet to market and share music is a way to reach a deal with recording label and earn millions for that. Free online promotion brings money in companies and help musicians and artist to start their career and become popular. Record labels dominate in the music industry and provide the opportunity in artists to make contracts for a lot of
A SWOT analysis is a tool used by organisations to identify its internal strengths and weaknesses, but also the external opportunities and threats. Therefore, this allows the organisation to assess what can be used to aid in achieving their objectives, i.e., strengths and opportunities, as well as aspects that can be improved on or potential problems that can be faced, i.e., weaknesses and threats, as they pursue on achieving business objectives and/or decision making. Explained S.W.O.T. Analysis: a) Strengths Caterpillar Inc. holds a very strong brand image worldwide that directly associates it with high quality products that they provide. In 2014, Caterpillar ranked as the number one brand in heavy equipment followed by a strong competitor,
C) Provide the senior managers of Alphabet Games with a set of guidelines to follow that would enable them to carry out an effective SWOT analysis. Provide guidelines of SWOT analysis. We can define SWOT Analysis as a strategic planning tool utilized to evaluate the Threats, Weaknesses, Strengths , and Opportunities involved in a business venture or in a project or in or in any other case of an organization or individual to pursuit of an objective it must requiring a good decision. It includes observing the advertising environment, interior and outer to the person or company.
Elements of SWOT are: Strengths which can be any work or project, that give the company a comparative advantage over other organizations. Strengths can appear in the shapes of resources, competitive advantage, and all the other aspects that the business does in a way that add value the competitive advantage. Weaknesses are those characteristics and factors under company 's control, that put the work or project in disadvantage relative to others. Weaknesses like limited skills, lack of resources and any other negative aspect that give the competitors the opportunity to get advantages over the organization. On the external side, opportunities are elements, works or projects that the organization could exploit to its advantage.