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krispy kreme going global SWOT Analysis:
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Strengths [list]
[1.]Affordable, high-quality doughnuts with strong visual appeal and "one-of-a-king" taste. [2.] Neon "Hot Doughnuts Now" sign encourages people outside the store to make an impulse purchase. [3.]"Hot shop stores save mony while keeping Krisp Kreme Doughnut customer experince intact. [4] Market research shows appeal extends to all major demographic group including age and income [5]Vertical integration helps ensure high quality product [6]Consistent expansion; now in 16 countries [7]Product sold at thousands of supermarkets, convenience stores, and retail outlets through U.S. |
Weaknesses [list]
[*]Bad communication [*]Not innovative [*]Weak, damaged brand [*]No major adverti***ts, 100% reliance on reputation. [*]Excellent management staff A lack of adequate knowledge of the customer base (demographics, behavioral profiles) could lead to the eventual deterioration of the brand. [*]Opening additional locations but no focus on increasing current store performance [*]Increase switching costs for competitors |
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Opportunities [list]
[*]Emerging markets and expansion abroad [*]Innovation [*]Product and services expansion [*]Local open kiosks and in-store locations in airports, bookstores, and other retail outlets. [*]Product Diversification. New Markets. [*]Significant co-branding opportunities with local sports teams and movie theaters. [*]Though there are many complaints from local chains when a Krispy Kreme opens, aggregate doughnut sales increase. |
Threats [list]
[*]Competition [*]Economic slowdown [*]External changes (government, politics, taxes, etc) [*]Increasing competition from large and small doughnut chains, [*]Krispy Kreme market share erodes slightly in highly competitive markets. [*]Ordering through the internet [*]Healthy food trend |
History: Version 14 (Newest), Version 13, Version 12, Version 11, Version 10, Version 9, Version 8, Version 7, Version 6, Version 5, Version 4, Version 3, Version 2, Version 1 (Oldest)
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