Normal Business Operations Essay Example | Topics and Well Written Essays - 1250 words

Normal Business Operations - Essay Example Within this understanding and appreciation for the means by which key strengths, weaknesses, opportunities, and threats define the way in which this particular store will continue to integrate with customers in the near future, the following analysis will seek to provide something of a SWOT analysis with regards to this chain in the hopes that by understanding these key areas, the analyst will be able to define and appreciate the areas of opportunity and potential threats the firm faces both in the present and within the near future. Strengths: Firstly, with regards to the key strengths that Reeds grocers have within the current market, these can basically be understood with regards to the fact that they have established a resilient and well respected brand image among the client base and they also exhibit a resilient strength of the size and scope of their grocery store locations and offerings. Starting from a humble family owned beginning, Reeds transitioned over time, just as have so many other small firms, to encompass a great many stores and a wide variety of product and service offerings. Moreover, consumers of the firm have come to respect them within the world of grocers. This market presence along with a substantive level of respect and appreciation by a rather large client base is a net asset as well as a definitive strength upon which the firm can seek to leverage any further market growth or development within the near future. ... Another key weakness that the grocer faces is with regards to the fact that it cannot count on loyal consumers to carry it through economically difficult times. Whereas in the past grocers could count on loyal consumers to continue to derive a degree of revenue/sales, the current model indicates that less and less consumers are ultimately loyal to a single grocer and choose instead to shop many grocers in an attempt to maximize their savings. This represents an effective weakness that the firm is no longer able to attract and retain loyal consumers within a market that is more and more cut throat with regards to overall earnings and sales. Opportunities: Political/Legal With regards to the political/legal opportunities that the firm should seek to leverage, it is the understanding of this analysis that the firm, as well as any and all other firms within the system, should continue to engage with law makers and governments (at both the regional, state, and federal level) to continue t o lobby for tax breaks and business incentives so that they may continue to provide the most basic of goods to the consumers that they provide for; the need of sustenance. Economic Similarly, with regards to the economic opportunities that the firm is faced with, these can be understood with regards to seeking to model their business plan, at least in part, upon the runaway success that many of its greatest competitors have employed; i.e. offering at least a portion of overall goods to be sold as bargain buys and priced within the reach of a specific demographic of consumers that would otherwise be attracted to other stores instead. This serves as an economic opportunity that can be leveraged with very little overall cost to the firm and