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PESTEL analysis: Political Economical - law and regulations for warranty periods - regulations for products - global economic crisis and recession affect the protability and the sales - strong competition (worldwide) - increase of prices for raw materials (problems with consumers) - currency exchange rates - cyclic market - today, there are more home owners using power tools for basic maintenance - number of professional users is growing - products which are always supposed to be innovate - IT system and internet are two major aspects in the market - products which are proper to a lot of pollution (water, electricity...)
Social
Technological Environmental
Strengths - strong reputation for product development and innovation - present in more than 100 countries around the world - leading brands in various markets - strong reputation for quality, reliability, design and value - manufacturing operations in 11 countries - diversied product portfolio - great emphasis on sale, marketing activities and after sales service - large segmentation - extensive distribution chain Opportunities - gain sales and market share due to the end of the recession - open own brand stores - recherche and innovation - new acquisitions - internet sales could be implemented
Weaknesses - dont sell directly to the consumers (leak for people who wants specics and appropriates advices, sufcient prominence...) - bad nancial results these last years, operating margin decreased - company aggressively cut costs and expenses
Threats - market highly competitive, with large, well established and recognizable players - market with cyclic purchasing - power of retailers is high - threats from asian producer and their cheaper technology - global economic crisis (inuence on suppliers prices, consumer expectations...) - government regulations
Porter 5 forces: Bargaining power of industry competitors Highly competitive: with large, well established and recognizable competitors large international and domestic companies (Ryobi, Bosh, Makita, AEG, MacAllister...) companies of niche market, but they also target B&D customers High: a lot of new companies appear on the market, a lot of competition these last years High: they can easily increase prices for raw materials, component parts, nished goods Very high: customers preferences can be easily changed, seasonality of products...
consumers have the possibility to use professionals services (laundry services...) but its going to be expensive and not practical for a long time
Marketing mix Product - three product groups: power tools accessories, hand ware and home improvement products and fastening and assembly systems - new designs are important bright designs, different colors, well-designed package...) - B&D doesnt sell directly to customers in any segment - use of extensive network of retailers, wholesalers and distributors. -prices should be the same as before economic crisis cut costs decided, less costs should not be the reason of lower quality - good activity in media channels - should increase spending on advertising campaign in internet
Place
Price
Promotion
GE Matrix: Business Unit Strength High High Market Attractiveness Medium Low Medium Low