A company self-examination. What are we known for? Who do we want to become?In this assignment you will create a Situation Analysis for one (1) of the following companies / brands: Jeep Cherokee Amazon.com or Google.
Each of these three (3) companies (Jeep Cherokee Amazon.com and Google) has been through numerous changes in recent years. For this assignment select only one (1) company / brand. Use the information listed as well as your own knowledge and research to complete the provided situation analysis template. Additional research should include the use of the company’s Website the course textbook and other online sources.
Click here to download the required template.
Submit the completed template via the Assignment 2 submission link.
*Remember to only selectone (1)brand from the options below (click on Option A Option B or Option C to view each available brand).
Based on what youve learned so far in this course regarding the 5 Cs 4Ps and STP complete the assessment questions below. Submit the completed template in the Week 10 assignment submission link.
1. Customers
Who are the current customers/users? Include information related to demographics psychographics and buying behavior price sensitivity customer satisfaction and loyalty.
For example: You could include information such as whether the brand is trying to appeal to a certain social or cultural group and how customers perceive the product/brand. Its also possible to include demographic information related to: age educational attainment geographic area gender race employment status and/or home ownership. Additionally you can discuss psychographic information which includes those attributes that relate to personality values attitudes interests or lifestyles of people. This area is also related to situational life stages as well as customer beliefs and how customers want to see themselves and be perceived. Some examples of psychographic groups include video gamers soccer moms sports fanatics hipsters and single moms. Life cycle stages include: retirees new homeowners college students and new parents. Be aware that some products/brands may appeal to a wider customer base than others.
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What do the customers buy/use?
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What changes can the company/brand expect in the future? How can the company/brand better serve its customers? Include information about potential opportunities and threats.
For example you could include information about the current demand for the product/brand and how it is changing or has changed including possible variations or modifications in the future. You may also determine/discuss if the brand/company can take advantage or has taken advantage of the changes. Its also possible to consider and talk about whether the product/brand is a less expensive substitute perhaps or maybe a product/brand that is easier to use with more features.
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2. Company
[This is what the brand is currently.] Identify strengths and weaknesses of the company/brand as it exists today. What does the company/brand do well and not so well at this very moment?
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[This is what the company/brand needs to become.] How can the company/brand improve its weaknesses and maintain or grow its strengths? Suggest how the company/brand can improve upon the things it does well and not so well.
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3. Context
Define the current business environment. Include information about political legal economic technological and societal factors that may influence sales.
For example: You could perhaps discuss the current trends and conditions for this Industry and for the brand. Its possible to include information about how the Economy affects this industry. This could include changes in income: are people losing jobs or getting paid more? Changes in spending habits could be considered as well. Other factors such as use of public transportation and shopping online may also be relevant. Whether or not the product is high-tech or state-of-the-art can be also be included in describing the context. For example are there other companies producing new versions of the product? Is the market changing quickly? How is technology affecting this product or service? Are there any new laws that may affect the brand?
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4. Collaborators
Define the business partnerships. Does the company/brand have any current partnerships? What other company/brand may be a good partner for them?
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5. Competitors
Who are the main competitors?
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6. Recommendations
Based upon the analysis you just completed in this worksheet what are three (3) key recommendations that you could pass along to Management regarding the future direction of the company you selected?
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