Swot Analysis Of Famous Brands

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Business environments The environments exert significant influence over the formation of a company’s strategy and its degree of success. The analysing of business environment and seeing what opportunity and threats will affect the business. Do the SWOT analysis will help to find problems within famous brands and help them to further their competitive advantage. Famous Brands must also analyse their environments to ensure they are sustainable. Micro environment This is the internal environment and relates to all aspects within the confines of an organization and generally are with the control of business and micro environment are the elements inside the business that you have full control of. These can impact the market environment but it can…show more content…
that are peripheral to the corporation and are beyond the control of the business. The macro environment is the general environment and the market environment is the competitive environment and theses impact the business and the business will have to change their strategies. The market environment can impact the internal environment and it can be impacted by internal and macro environment. Swot analyse The swot analysis is made up of strengths, weakness, opportunities and threats and it is important for business to use this so that their business can run smoothly and efficiently and to its full potentials. It assesses the internal and external environments so that you are able to adjust or rethink your strategies. It also helps to show competitive advantages that famous brands has and disadvantages that it needs to look at. Strengths of Famous Brands • There variety of stores and the choice the people have to choose and the type of cuisine they want. • They have business for quite a broad spectrum of LSM’s. • The work hours of the stores are convenient for the customers so that they can get food at good times • The layout of their sub-business are convenient and their business system of…show more content…
People are different and their views on the world can be very diverse. Management needs to really get to know there market and target market in order to make decisions that don’t negatively impact their market. This becomes a bigger challenges as business operate international. Business are faced with many challenges when they operate in a country that has insufficient skills, poor education, bad unemployment, high crime rates and many people living with HIV and aids. All these factor make running a successful business very difficult, but also being socially responsible. Famous brands needs to ensure that they invest in CSR projects in order to ensure a lessened effect from the social
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