The code has shown positive effects and has given positive influences on their company for their company is a well-respected brand. Having each employee give a positive influence on everyone they come in contact with is beneficial to have for a company. Giving off a positive influence show that it does not have to be specifically in a religious manner, but in a way to leave a customer
Hi Marielle! I like your SWOT analysis! I like how you stated their similarities that make them direct competitors. I do agree that Wal-Mart would be Target’s main competitor because of the similarity in target market such as low to mid income families. I would like to add that some of tWalmart’s strengths are brand recognition and convenience.
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. The company carries a wide variety of products, which allows it to reach a larger target market than many competitors. Weaknesses The company is so heavily focused on customer service that its online sales don’t always see the same growth as its competitors.
The company’s logo and monogram being seen on their products is something which is easily recognized by every customer. It is not only well known but has a rich history. Louis Vuitton is known globally and has a strong image in Singapore, China, Hong Kong and Japan which are leading financial hubs and individuals with high net worth. Largest luxury brand with exclusivity Traditional craftsmanship is not compromised by Louis Vuitton as these products are made to fine details and of exquisite material, discount and promotion does not happen and defective products are disposed immediately as written in their policy. Louis Vuitton products are highly priced due to superior quality, degree of scarcity and exclusivity.
So the Ritz-Carlton is really known for their customer service. This excellent service allows them to provide satisfaction to their exigent customers, that is why in order to keep the service consistency they create their own customer standards,
My confirmed profile is an ENFJ; this means that in business and school I am a very reliant and helpful individual. ENFJ possess a natural charm that can easily attract and befriend people. They are charismatic individuals and can be persuasive as well as motivational speakers. The extravert; meaning that they are able to speak freely and communicate well, As an ENFJ I tend to be more attracted to client facing roles or roles that allows me to be a first hand aid to clients. Such a position affords me great comfort and happiness when I realize the joy and gratitude of a client after a successful service delivery.
Personal Interpretation IKEA is both good and bad for furniture for many reasons. One of the best things about it is, of course, the good quality products at affordable prices. This allows people of an average income to have attractive, quality furniture in their home without having to break the
Further, the company places its cafes and restaurants in strategic places where customers can see it. It does not need to invest a lot of money in advertising since customers recognize its brand using its unique LOGO (Melissa 260). The company values its employees, and this has helped the company in performing well in the market. Treating employees in a fair manner and compliance with labor practices has been a tremendous competitive advantage since it encourages motivation and high performance. 2) Choosing high-quality coffee beans is an
It will lower the risk of bankruptcy as the variety of brands make Nestle a stable ability to weather economics. Nestle also has a good collaboration with other giant brands such as Coca-Cola, General Mills and Colgate Palmolive. It is a strategic plan as both giant companies will obtain the same benefits. According to the William Buist in his article, The unexpected business benefits of collaboration, said that the top five benefits was employee alignment, role focus, stimulate fresh thinking, encourage innovation and re-energize everything. Besides, Nestle is one of the most world’s recognized and trusted brands.