Tuesday, March 12, 2013
Situation or SWOT Analysis
"SWOT analysis: An overall evaluation of the company’s strengths (S), weaknesses (W), opportunities (O), and threats (T)." Marketing Armstrong/Kotler Pg 55 We will be putting together a SWOT analysis for GoGo Soda as well. The
first thing in the analysis is the company's strengths. Our strengths are that
GoGo Soda is a healthy non artificially flavored organic soda. We have
caffeinated and caffeine free so you have the choice as to which you want and
they sell the idea of sophistication and expensive. Our weaknesses would mostly
be that GoGo Soda is a very small and unknown brand. Customers want what they
are used to such as the big brand names and it takes a lot of convincing to get
someone to leave their favorite brand of soda. However, GoGo Soda does have
opportunities with today's health factors. People want healthy but still want a
great taste so they can have what they love while still making great choices.
Our brand gives them that opportunity. Lastly, our threats would be the
competition. And not just any competition, the big name brands such as Coke and
Pepsi. "Strengths include internal capabilities, resources, positive situational factors that may help the company to serve its customers and achieve its objectives. Weaknesses include internal limitations and negative situational factors that may interfere with the company’s performance. Opportunities are favorable factors or trends in the external environment that the company may be able to exploit to its advantage. And threats are unfavorable external factors or trends that may present challenges to performance." Marketing Armstrong/Kotler Pg 55
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