Description
analyze a company’s strengths and weaknesses in order to recommend feasible value-enhancing alternatives.
Consider the publicly traded company your CLC group analyzed in the Environmental and Industry Analysis assignment. In a paper of 1,000-1,200 words, discuss potential growth opportunities and strategies for your selected company and compare the advantages and disadvantages of each opportunity.
Conduct a SWOT analysis for your selected company and discuss your findings. What advantages does your company have over its competition? What opportunities exist in the industry from which your company can benefit? Who is your company's competition, and what types of risks might they pose? What weak areas could your company improve to compete with its strongest competitors?
Identify strategic alternatives that create value for the company. Which ones are focused on internal growth and what do they offer to the company? What are the drawbacks of these strategies? Which ones are focused on external growth and what do they offer the company? What are the drawbacks of these strategies?
- How would you use a decision matrix to identify the leading alternative? Explain how you determined the values used to distinguish between each option. What about the matrix, if anything, may be limiting in its use value to an analyst or decision maker?
- What factors might inhibit the success of the optimal strategic alternative identified? How can the issues you identified be addressed and corrected?
- Growing an organization is not always about increasing the size of the firm. If expansion is not the main focus, what other elements lend themselves to growth of the firm? How might each be achieved?
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Running Head: SWOT ANALYSIS OF STARBUCKS
SWOT Analysis of Starbucks
Student’s Name
Institutional Affiliation
SWOT ANALYSIS OF STARBUCKS
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SWOT Analysis of Starbucks
The contemporary world is continually evolving and thus paving the way for businesses
to come up with new incentives to instigate growth and having a competitive edge over their
competitors. The focus on Starbucks outlines a company which has existed for about five
decades, managing to overcome barriers and shortcomings it has encountered on the way. The
described success of the corporation is primarily based on the ability of the company to
understand its strengths, weaknesses, opportunities, and threats and to come up with imperative
strategies to continually stimulate development.
SWOT Analysis
Strengths
1. Starbucks has a strong brand image, which helps it stand out over its competitors.
Brand image plays a pivotal role in swaying the decision-making of the consumers
(Raj and Roy, 2015). Therefore, the company continues to benefits from its positive
brand image.
2. The business also benefits from its worldwide diversification. Starbucks has
numerous branches all over the world, thereby outlining an extensive reach.
3. Starbucks has a robust financial performance, which has stimulated its continued
existence in the business and empowered it to overcome rising competition.
4. Conversely, Starbucks highly benefits from its management skills. Notably, it treats
its employees fairly and aims to motivate them through their policies continually.
Importantly, the company has a culture of serving all people irrespective of their
SWOT ANALYSIS OF STARBUCKS
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discrepancies and treating people well (Starbucks, 2020). The outlined strength
ensures that people can easily associate with the firm.
Weaknesses
1. Despite the numerous strengths, the company’s high prices for products can be
challenging to ordinary consumers. Starbucks offers coffee at high prices, and thus, a lot
of people may feel left out by the company’s price range.
2. The firm may also suffer from imitation as other corporations can ...