Modern SWOT Analysis
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Modern SWOT
Analysis
Swot Analysis will be useful in all strategic approach. This analysis will help us to determine the strategic planning & build competitive strategy for the brand / organization
Modern SWOT:
S – Stability (Provides
support & strength)
W – Wanting (Delicate
areas to improve or want to become strong)
O – Occasion (offers or
creates the path)
T – Trouble (Problems)
Stability & Wanting
Both External &
Internal analysis identifies the stability and wanting/need for the brand/
organization
·
External
analysis will help us to understand the critical threats & opportunities
·
Internal
analysis helps to identify its Brand / organizational strength & weakness
Following points will come under stability
& wanting
· Brand names
· Customer
· Market Share
· Promotion
· Distribution
· Product – service – Quality – differentiation - Cost
· Public relations
· Field force
Occasion & Trouble
Benefits & Demerits
·
Benefits
of the brand are going to drive the goals
·
Benefits
may lie on the own brands or on the external factors
·
Demerits
of the brands will always result in troubles and that will always push the brand/organization
to the negative side
Following points will come under Occasion
& Trouble
· Socio-economic changes
· Policies – Government / certified bodies
· Market changes
· Sometimes political changes will also have influence
Two-by-Two matrix: SWOT
Occasion can be used properly to bring
stability
Troubles to be addressed to avoid the wanting
of the brand
Example: SAMSUNG
Stability:
§ Established brand
§ Largest global market share among smart phones
§ Innovative
§ Cost-effective
Wanting:
§ Weak brand strategy compared to brand leader
§ New launches are not successful
§ Low margins due to price
Occasion
§ Entering into home appliances market like TV, Refrigerator,
washing machine
§ Expanding geographically
Troubles
§ Chinese Competitors
§ Legal & regulatory approval
§ Dominance of brand leader in US
SWOT
analysis has been used in all business achieve the financial goals of the brand
through specified brand strategy.
Hope this blog presents the technique seeks to reveal a clear understanding of Modern SWOT
Stay
Tuned!
SM
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