SWOT analysis H&M Essay
The essence of the SOOT analysis is to discover what you do well; how you could improve; whether you are making the most of the opportunities around you; and whether there are any changes in your market?such as technological developments, mergers of businesses, or unreliability of suppliers?that may require corresponding changes in your business. This actionist will introduce you to the ideas behind the SOOT analysis, and give suggestions as to how you might carry out one of your own.
Strengths – numerous options in collections and styles, there is something for every person – affordability, it’s important for people to get something with quality for a good price Weaknesses customer services become difficult to maintain for big store space and numerous product lines – A store that is that big can not offer a personal care like a small boutique opportunities – association with celebrities – creating fame and attachment to brand, like the commercial with Beyond on television.
I think you all have seen it. – Website management- producing and selling the products by website, customers shopping by internet without visiting the store, also it can shipping to USA and Europe. Threats – Competition from other high street retailers like
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However to make even more profit they can make it worldwide and expand in areas for example Latin America. In addition they could improve online shopping with h. Because it is only available in SOOT analysis By exact Price: Their prices are already reasonable for quality products they offer. However they could improve by making use of more sales actions. Promotion: H has already a strong promotion policy. For example they use: Poster on busses, Commercials on TV, backbone etc.
Free catalogues Each season we strive to feature models with different looks, styles and cultural backgrounds to advertise our concepts for women, men, teenagers and children. However if we would chose an idea to improve their promotion we would introduce to expand the idea of online floggers. Online floggers get the clothes of the brand for free. And in return they have to upload pictures of their outfits in social media such as Mainstream, Twitter, Backbone , Link etc. Goal: How does sustainability fit with H’s business model and continued growth?