12 Apr Describe current and expected market conditions, competition, and expectations for the coming years SWOT? Provide a SWOT analysis of your company. The SWOT is a Summa
1. Market Outlook.
Describe current and expected market conditions, competition, and expectations for the coming years.
2. SWOT
Provide a SWOT analysis of your company. The SWOT is a Summary of the Situation Analysis.
For our group, the rest of the games (future), we will only go for Tech 1, we will not do any investment on Tech 2.
Example
Market Outlook
I think that market look gave us a chance in company 2 to identify what would be beneficial and would help our company grow and have more financial opportunities. The market outlook helps us realize how to spread money and work on adjusting and putting more money around when needed. The most important thing our company did was break down every financial aspect, such as the year-to-year calculations, market outlook and revenue to cost production, and more. A company wanted to highlight which market would be best for each round during round 4. We realized the impact of how well our company was doing well in Asia and how we wanted to expand our market more in Asia than America because of how well the company was growing. I believe other companies, such as 6, saw how well products were selling in Asia. They became our biggest competitors because we also moved their market shares to Asia as well. I do believe as we continue to strategize how we continue to improve our business in Y5 and Y6, we will continue to maintain our goals and values on how we will proceed with our market values throughout Asia because I believe company 6 and 4 will be our biggest competitors, especially in Asia.
SWOT Strengths One of the most important metrics businesses use to determine how well they are doing in contrast to
competitors is market share. It represents a share of all market sales made by rival companies. To acquire the highest market share, it is essential to provide the quality and features that customers desire. We evaluated the price and features of our competition to increase sales by lowering costs and raising features. If we continue to offer new features and maintain our costs lower than our rivals, our market share will continue to rise as we meet the expectations of our consumers.One of our strengths is that we continue to appreciate the loyalty of our consumers. Many consumers are interested in trying our items immediately when we begin offering the new Tech on the market. Company 2 market share continues to climb upward year after year. We led in year 4 with a 27.52% global market share. We expect that our customers will desire the most features at the most affordable prices. We want our product to be more affordable than our competitors and continue introducing features to keep our marking share growing at the rate it is moving now. Making future forecasts based on the past and the present is a technique we often use to predict what our competitors will do next. Analyzing trends in pricing, marketing, expenditure, unit production, and unit sales is crucial for our business. Analyzing trends allows us to accurately predict our opponents' next move, including how many features they will have the next year. This allowed us to introduce new features while reducing expenses. Our company found that the accuracy of this forecasting method was quite useful for obtaining competitors' sales data. The availability of the goods being offered determines the market. Because of our accurate forecasting, we could produce the right amount of product demanded. This strategy allows us to offer our products to our consumers while increasing our market share and gaining a competitive edge for our company.
Weaknesses Our main issue in the first two rounds was a lack of cash and short-term debt. This indicates that our profit is less than our expense. In year 1 we had higher costs since we didn't know how to regulate the cost of production. The sums of money spent to keep a firm running smoothly are known as expenditures. Although many companies try to keep expenses down, we understand that investing in specific areas will pay off. We heavily spent on R&D, administration, contract manufacturing, and promotion because of ongoing high expenses. As we responded to market demands, we encountered considerably greater costs in those sectors, which led to our lowest net income in year 1 of $765,244. Although our income may be higher if we priced our items competitively, expenses are seen as a liability as we thought we had to spend in different areas to be financially stable. Our company is dedicated to maintaining our products at a lesser cost than our competitors. Unfortunately, this can be a disadvantage as the incoming earnings might be substantially higher. Although we recognize that we have increased our market share, we think this will give us a long-term benefit in terms of selling more goods. We acknowledge that our revenue to cost of goods sold ratio is more crucial. Rising costs from our company will depend on the market.
Opportunities A consumer preference describes how a client evaluates or favors a particular product over others. We
invested in past and present data to better understand our customers' preferences. Our revenues in Asia and the USA are much higher, so we invest more in Tech 1. Additionally, we concentrated on Tech 2 in Europe since it showed that our consumers are more interested in that product. Satisfying the demands of all our markets gave our company an advantage. Our business generates money to show potential new shareholders that we are a smart buy. Even though we set ourselves apart from our competitors by charging less, resulting in increased market share. As we invest in growing Company 2, our net income varies. If our company continues to be distinctive while growing, we will be able to draw in a lot more investors, enabling us to expand.
Threats Market newcomers can pose a danger to our company. Other businesses may find it simple to replicate
our business plan and instantly implement an aggressive expansion strategy as we are a low-cost corporation. The industry's intense competition will intensify as there are more entries. If rival companies begin acquiring consumers to take market share, established rivals like our company will be in danger since margins will be cut across the board. Because changes are unpredictable, inflation is important for any business to consider. It significantly changed between the third and fourth years. The cash flow is affected by pricing variations. Our production expenses, cost of labor, and overall operations vary since our factories are spread out across numerous locations. Even if this is a risk, our business won't change prices to account for inflation since we need to meet production demands and other costs without damaging our market share.
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