SWOT Analysis of Gillette Company
Picture
this. Your professor asks you to prepare a case study of the popular brand and
identify its strengths, weaknesses, opportunities and threats. What he/she’s
asking you is to perform a SWOT analysis of a popular brand. Now, if you are
not quite adept at conducting this form of analysis, then here’s a quick guide on Gillete swot analysis along with a relevant example.
What is a SWOT analysis?
A
SWOT diagram evaluates a brand by emphasising on each of the factors
(strengths, weaknesses, opportunities, and threats). It ideally comprises of
four boxes, one for each factor, but the exact outcome may differ depending on
the points covered.
SWOT
diagrams can be particularly helpful when you are preparing case studies on
specific brands by identifying their pros and cons as service providers. By
clearly outlining all positives and negatives of a certain brand or business,
SWOT analysis makes it easier to determine whether or not to move forward.
How to carry out a SWOT Analysis
·
Decide on the
objective. Focus on a primary objective to evaluate and place it at the
top of the page.
·
Create separate
sections. Maintain a separate section each for all the four elements of
the analysis
·
Label the sections. Write
the word "Strengths" on top of one section, "Weaknesses" on
top of another. The same way dedicate separate sections for "Opportunities"
and "Threats". These titles are written at the top so that you can
distinguish one from the other. You can check out various SWOT diagram
templates available online to prepare the diagram quickly.
·
Include the strengths
and weaknesses. Look for the factors that fit into these sections.
Components of a SWOT analysis may be anecdotal, qualitative as well as
quantitative or empirical in nature.
·
Draw pertinent conclusions. Evaluate
the completed SWOT diagram. Be sure to specify if the positive outcomes
outweigh the negative ones.
Procter and Gamble SWOT analysis: Gillette company
Gillette
is a popular brand that produces shaving equipment. It is owned by
Procter & Gamble Ltd. The brand deals with personal care products. Gillette
has always emphasised on product innovation and has consistently come
up with unique products that cater to particular customer needs. It has always
emerged as a strong contender in the market and is amongst the world’s most
recognised brands. Now, let us elaborate on its strengths, weaknesses, threats
and opportunities through this brief analysis.
·
Strengths:
i.
New innovation to
attract consumers
ii.
Greater longevity than
other razors and convenience of use
iii.
Aggressive advertising
campaigns
iv.
Offers quality and
innovation to the consumers
·
Weaknesses:
i.
Usually more expensive
than other razors
ii.
Brand maintenance
tends to be expensive
iii.
Not easily available,
mostly available in big stores
for more information visit at: https://www.bloglovin.com/@oscarowen/how-to-perform-swot-analysis-gillette-company
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