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Essay / Sowt Analysis of Herfy Bangladesh
SWOT AnalysisSay no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essay To know the organization's rates and how intriguing a company would be, the examination is about the market once a day and the benefits of their important mastery. to increase the information. SWOT analysis is a basic but valuable job to dissect the quality, gaps, openings and dangers of an association it faces. He gallops on the qualities, limits the dangers and takes the best imaginable favorable position of chances. Internal: Strengths: The major strength of Herfy Bangladesh is its international brand image. The brand name plays a very important role in generating revenue. Because Herfy Bangladesh provides international quality food to its customers, which gives added value to the brand. Herfy was already distributing good quality foods there, from which it obtained a large market share. They serve good combos than other brands. Herfy has a loyal international customer base who prefer its products to any other store. Herfy serves larger size burgers than others. They also serve children's meals with a children's amusement system. Which also increases their sales as people attract them with their business manner.§ Leading position in many countries.§ Strong global presence.§ High international customer base.§ Strong brand in the minds of consumers§ Herfy Bangladesh has goodwill in the market for its better quality and bigger combos. Weakness: Herfy Bangladesh has few weaknesses. The main weakness is considered to be the high price of their food. By mentioning them, they have higher competition. Their policies are not as original as those of other big companies. There are people who don't like their burgers, which are their most concentrated product due to their less juicy character. External: Opportunities: This guarantees them plenty of opportunities in the market and a long road ahead. Their main opportunities are that they serve their meats imported from Saudi Arabia of good quality and maintain their international reputation. They serve children's meals with a children's entertainment system, which no other competition offers. They are in the process of opening more outlets through which they will be more available to customers. They regularly organize competitions and offers for customers. They are always trying to find out more about their desires. They have greater opportunities and therefore higher growth. The opportunities are both external and internal. They believe that one day they will be number one in the market. § Look for more sales and trade promotion programs. § Enter a new market. § Expand existing activity. Threats: Their main threats are their direct or indirect competitors and other threats. changes consumer preferences. Nowadays, food brands maintain their prices, creating a state of price war. They lower the prices of their non-equivalent quality foods in order to attract customers and undercut competition for higher incomes and greater market share. But Herfy Bangladesh decides not to reduce the prices of their food as it might devalue their food and hurt their perception in the market. They sell good quality food. If they lower their price, it can have a major effect on their brand image. So they plan to stay with their same values by offering premium or premium foods at high prices..