Porter's 5 Forces analysis of Justin Wilson Plc: Financing A Rising Formula One Star (B) Case Solution
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Porter's 5 Forces analysis of Justin Wilson Plc: Financing A Rising Formula One Star (B) Case Study Solution
A Porter's 5 Forces analysis of Justin Wilson Plc: Financing A Rising Formula One Star (B) Case Solution might be carried out to develop numerous techniques utilizing the strengths of the company to get chances, get rid of weaknesses and to minimize the threats. It could likewise be used to examine that how certain weak points resist specific opportunities and increase the dangers. The strategies prepared using the Porter's 5 Forces analysis of Justin Wilson Plc: Financing A Rising Formula One Star (B) Case Analysis are offered as follows;
• Usage of strong global brand name position and financial resources in expanding towards prospective markets.
• Unique brand name experience could assist the company to better position itself in brand-new markets.
• Resistance in growth in the prospective international markets motivating diversity.
• High rates restricts the expansion in numerous Asian and African countries with low per capita income.
• Strong brand acknowledgment, non-traditional methods of marketing and the distinct brand name experience could be made use of to reduce the danger from prospective clients.
• Rigorous appearance policies could caused the consumer shift towards Victoria with high social responsibility.
• Restricted target audience could caused a decrease in the total market share of the business.
These strategies might help the business to improvise its market position and be at the leading position in the market.
Financial Analysis
Monetary analysis for Porter's 5 Forces analysis of Justin Wilson Plc: Financing A Rising Formula One Star (B) Case Analysis could be conducted to assess the accessibility of financial resources to the company that might be made use of in expansion towards worldwide markets. The financial position of the business might be examined by utilizing the data given in the case Display 1. The ratios that might be thought about in financial performance analysis are given up the Table 1 listed below;
From the above Table 1, it could be seen that the company has an affordable financial efficiency with a ROE of 7.9% and a high sales growth of 18.4%. A 4.3% net profit margin does not appears to be prospective and the business needs to put efforts in increasing its earnings along with decreasing its operational expenditures to increase its revenue margins.
Porter's 5 Forces analysis of Justin Wilson Plc: Financing A Rising Formula One Star (B) Case Analysis
Segmentation
Many of the business's Brick and Mortar stores are located in US consisting of above 500 shops in nearly each of the state of United States. The business has also a global presence in 8 various nations with its greatest number of stores situated in United Kingdom i.e. 21. The companyhas a total of 54 stores in international markets that is probably the 10% of its stores in the United States.
Targeting
The business targets its clothing brand to the young, high and good-looking teenagers and kids that are thought about to be cool. This targeting policy is accountable for various differences in the business related to its rivals. The company works with great looking guys and women for its stores and follows a stringent look policy to maintain attraction of good-looking individuals towards its stores and provide a special brand name experience.
Positioning
The company has placed its brand as a high-end brand targeting only a specific market section. The company with its non-traditional methods of marketing through designs and representatives posters its brand name image as a luxury clothes brand name targeted to the cool and good-looking personalities in society. This market position brings in different elite individuals towards the brand however it injures the company's position in different neighborhoods focused at the equality in society.
External Analysis
Competitor Analysis
Porter's 5 Forces analysis of Justin Wilson Plc: Financing A Rising Formula One Star (B) Case Solution faces a lot of competitors in the market with the existence of different number of competitors in the market. Space is also thought about to be a possible rival in regional as well as in worldwide; markets as the company is thinking about to shift in the international markets.
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