P and S Rentals SWOT Analysis - Mind Map

P and S Rentals SWOT Analysis Mind Map
 
 
 
 

P and S Rentals SWOT Analysis - Mind Map

3 years ago by: Hannah
 
 
  • P and S Rentals SWOT Analysis
    • Weaknesses
      • Out dated systems
        • get advanced & functional website
          • create database; staff & customer accounts
      • Slow turn around time
        • proper organising of processes
          • train staff for using the new system
      • Inaccurate stock keeping
        • proper and frequent updating of database
          • This will lessen or eliminate inaccuracy & untimliness
    • Threats
      • Saturated market - lots of competetion
        • win over competitors with superior & efficient service
      • Industry Giants
        • Win over competitors with offering superior customer service
      • Loss of income for damaged rental items
        • implement 50% of bill for security deposit
    • Opportunities
      • Expanding product range to regional markets
        • Develop Marketing/Advertising Strategies
          • Capture a wider target market
      • Partnerships with industry players
        • Acquire more Market Share
          • Maximize profits while still keeping loyal customers
      • Growing Demand esp in the event industry
        • Develop Marketing/Advertising Strategies
          • Capture a wider target market
      • Wide product range to suit all budgets
        • Promotional Campaigns
          • Includes questionnaires & surveys to potential clients to find out their needs/wants & budgets
    • Strengths
      • The variety of products is always expanding
        • Develop Marketing/Advertising Strategies to capture a wider target market
          • Capture a wider target market
      • wide range clientele
        • Continue & further provide for variety of clients/events
          • up keep and improve standard of products and services
      • Years of operations in the industry
        • Continue to further develop brand
          • This will strengthen & make the company's reputation more well known
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