Above shows the SWOT analysis for Gator Town. A SWOT analysis is important because it shows the internal strengths, weaknesses, external opportunities, and threats that may affect the business's future performance. For Gator Town, there are many internal strengths. To start off, the employees who are also students working at Gator Town are very welcoming and polite. Each employee greets the customer when they enter the store. Additionally, the Rainbow Tees is another strength. The Rainbow Tees are very beneficial to the Lexington Community. Gator Town supports over five different charities with the help of Rainbow Tees. This shows the school and the Lexington community how much River Bluff and Gator Town cares about and supports the community. …show more content…
Some examples of the internal weaknesses of Gator Town is that some merchandise and clothing can be too expensive for students who are unemployed or earn minimum wage. This can only leave those students to purchase only the snacks and drinks that are inexpensive. Additionally, not many people can go into Gator Town at the same time. That is because the size of the store is too small. This is another internal weakness because if over 10 students are in the store at the same time, it will get overcrowded. The top three external opportunities are the opportunity to incorporate a website for the store, advertise, and extend the variety of clothes by adding sweatshirts. Almost all businesses today such as Nike and Kohl's have a store website where customers can look to shop, find informations, and provides additional avenues for sales. Since Gator Town currently does not have a store website, it would be a big opportunity if the store incorporate one. This will allow students to find informations such as school hours and look at the merchandises online. Having an online website is very beneficial because the internet has become a key resource …show more content…
Therefore, anyone can be able to take the logo, sell it and not get into trouble. This may cause confusion among the students and teachers that shops at Gator Town. The River Cafe and Cafe 320 store hours are more consistent than Gator Town. River Cafe and Cafe 320's store hours are more convenient for the students because the students know when they are open, instead of being a guessing game. This factor can be a threat to Gator Store because many students do not have time to guess when Gator Store is open or closed. Many students does not like carrying cash around them. Most students put money in their student ID. Unlike Cafe 320 and River Cafe, Gator Town does not accept money from student's ID. This is considered a weakness because, for example, if Gator Town does not accept money from the student's ID, the student will have to go somewhere else such as River Cafe or Cafe 320. Lastly, Dick's Sporting Goods and a few other athletic sporting stores sell River Bluff merchandise. This can lure all the customers away from Gator Town and to the other well known athletic sporting stores. People who are not River Bluff students may also shop at the other sporting
It is important to evaluate the ins and outs of a company to provide valuable information on the standings and future standings of the company. It also provides insight to develop strategies for long-term growth and shows potential threats that may hinder the bottom line. Strengths The strength portion of the SWOT analysis shows the internal environment, which are the controllable components of the firm that give a competitive advantage. This allows them to purchase high volume items for a lower cost.
A SWOT analysis is an acronym that stands for Strengths, Weaknesses, Opportunities, and Threats. SWOT is a planning evaluation used by businesses and organizations.
SWOT analysis is a necessary tool for business that allows corporations to analyze where their strengths, weaknesses, opportunities and threats lie. The SWOT tool contains paramount information about the industry and helps the executives of the business make decisions that are necessary for the business’s survival and success.
A1: Dollar General's main business strategy is to focus on being the leading distributors of consumable basics, with 30% of the merchandise at $1.00 or less. Dollar General believes in maintaining an assortment of consumable merchandise and making shopping for everyday items hassle free and simplistic.
A SWOT analysis is simple exercise that could be implemented on multiple subjects including an individual or a whole corporation. The SWOT analysis is an operational tool for managing change, defining strategic direction and setting realistic goals and objectives according to Simoneaux and Stroud (2011). Discovering new opportunities and manage and eliminate threats that are present in the company and the surrounding market. SWOT is a valuable technique that leads to a better understanding of the strengths, weaknesses, opportunities and treats both internally and externally. The strengths and weakness are to be considered internal factors and opportunities and threats to be e...
Grady improves the health of the community by providing quality, comprehensive healthcare in a compassionate, culturally competent, ethical and fiscally responsible manner. Grady maintains its commitment to the underserved of Fulton and DeKalb counties, while also providing care for residents of metro Atlanta and Georgia. Grady leads through its clinical excellence, innovative research and progressive medical education and training.
A SWOT Analysis is performed as part of a business assessment or during the business planning process. SWOT provides information to assist a business and improve the decision-making process. Business executives of a specific business or industry are better positioned to move forward and grow the business. The following SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis captures the objectives of Goodyear’s new 150,000 mile tire product. The analysis will identify both internal and external factors important for Goodyear to realize for this new product.
There is a significant difference in the way Groupon markets itself to consumers and businesses. The majority of the consumer marketing campaigns are published online and on television. Groupon heavily relies on social media to reach consumers. The company counts on word of mouth to be spread through the social networks. Primarily using social commerce, Groupon markets specific groups to reach in their advertising campaigns. Creating a well-developed marketing campaign allows the company to reach the targeted group of people and save valuable marketing resources. The company also utilizes emails as a way to reach consumers. Groupon concentrates more time and money when it comes to marketing to businesses. The company offers an experienced
A SWOT analysis is a measure tool to summarize a company’s internal and external aspects. By measuring the company’s strengths, weaknesses, opportunities and threats and looking for improving solutions by using the strengths and opportunities to improve on the weaknesses and take the necessary actions concerning any threats a company can survive in today’s world market.
The SWOT analysis: The study of the firm's Strengths, Weaknesses, Opportunities and Threats called SWOT analysis, a key step in flushing out known performance issues that are important to the growth of the organization addressed in the corporation strategic plan. The issues identified in the SWOT analysis help leadership to come up with a plan and strategy to achieve the overall mission of the company (Strategic Planning, n, d). Target Corporation is one of the largest public retailing company in the US having more than 1700 stores serving guests nationwide. Target group and its brand position are evaluated in the market using SWOT analysis.--
What is a SWOT analysis? This concept involves assisting businesses to identify their strengths, weaknesses, opportunities and threats. It is often used to analyze an organization and its environment. Businesses find the analysis useful in assisting them to improve their business, establish goals and objectives.
City Mall. While in turn the mall would bring increased foot traffic, it would also bring
...e, and assists in identifying gaps in services, thereby making it an impetrative part of the planning process. The SWOT analysis assists in the needs assessment process by identifying gaps in services. Thereby allow administrators to fulfill that need though the needs assessment process.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
5. Lastly, how can you play in that neighborhood, honoring the culture and community guidelines, such that you can tempt the customers away from there and over to your domain, your site or store?