Porter's 5 Forces analysis of Prime Forestry Group And Precious Woods (A) And (B) Case Solution
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Porter's 5 Forces analysis of Prime Forestry Group And Precious Woods (A) And (B) Case Study Analysis
A Porter's 5 Forces analysis of Prime Forestry Group And Precious Woods (A) And (B) Case Solution might be performed to design different strategies using the strengths of the business to obtain chances, overcome weak points and to decrease the hazards. It might also be utilized to evaluate that how particular weak points resist specific chances and increase the hazards. The techniques drafted utilizing the Porter's 5 Forces analysis of Prime Forestry Group And Precious Woods (A) And (B) Case Help are given as follows;
• Utilization of strong worldwide brand name position and funds in expanding towards prospective markets.
• Unique brand name experience could help out the business to much better position itself in brand-new markets.
• Resistance in growth in the prospective worldwide markets encouraging variety.
• High costs limits the expansion in various Asian and African nations with low per capita income.
• Strong brand name recognition, non-traditional methods of marketing and the distinct brand experience might be utilized to decrease the hazard from potential customers.
• Stringent look policies might led to the consumer shift towards Victoria with high social obligation.
• Minimal target audience could led to a decline in the total market share of the business.
These methods might assist the company 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 Prime Forestry Group And Precious Woods (A) And (B) Case Solution could be carried out to evaluate the availability of funds to the business that could be utilized in growth towards global markets. The monetary position of the company could be evaluated by using the information given in the case Exhibit 1. The ratios that might be considered in monetary performance analysis are given up the Table 1 below;
From the above Table 1, it might be seen that the business has a sensible monetary efficiency with a ROE of 7.9% and a high sales growth of 18.4%. Although, a 4.3% net revenue margin does not appears to be prospective and the company needs to put efforts in increasing its profits together with reducing its functional expenditures to increase its profit margins.
Porter's 5 Forces analysis of Prime Forestry Group And Precious Woods (A) And (B) Case Help
Segmentation
Many of the company's Brick and Mortar shops are situated in US consisting of above 500 shops in practically each of the state of US. The company has likewise a worldwide presence in 8 different countries with its greatest number of stores situated in United Kingdom i.e. 21. The companyhas a total of 54 shops 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 attractive teenagers and kids that are thought about to be cool. This targeting policy is responsible for numerous differences in the company associated with its rivals. For instance, the company hires good looking men and women for its shops and follows a stringent look policy to maintain destination of good-looking people towards its shops and offer a special brand name experience.
Positioning
The company has actually placed its brand as a high-end brand targeting just a particular market section. The company with its non-traditional ways of marketing through models and representatives posters its brand image as a high-end clothing brand targeted to the cool and good-looking personalities in society. Although, this market position attracts various elite individuals towards the brand name but it harms the business's position in various neighborhoods focused at the equality in society.
External Analysis
Competitor Analysis
Porter's 5 Forces analysis of Prime Forestry Group And Precious Woods (A) And (B) Case Solution faces a lot of competitors in the market with the existence of different variety of competitors in the market. A chart showing the close rivals in addition to their characteristics and the marketing strategy is given in. it could be seen that the American Eagle Outfitters is thought about to be the greatest rivals for company with its marketing technique associated to the tv shows. Additionally, Gap is also thought about to be a potential competitor in regional as well as in worldwide; markets as the business is thinking about to shift in the international markets. In addition to it, Prime Forestry Group And Precious Woods (A) And (B) Case Study Analysis. with its flexible rates technique and the Victoria's Street with its strong social status position a severe danger to the existing market share of the Porter's 5 Forces analysis of Prime Forestry Group And Precious Woods (A) And (B) Case Analysis.
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