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To run a successful company, one should evaluate the processes on a regular basis to ensure that
they are running as efficiently as possible. Although there are many ways to evaluate your
business, conducting a SWOT analysis is one of the most useful[ CITATION Nad091 \l 1033 ].
SWOT analysis is a method for evaluating a company's success, competition, risk, and potential,
as well as parts of a company like a product line or division, a market, or another organization.
Using both internal and external data, the technique will guide companies into more effective
strategies and away from those that have been or are likely to be less successful. They may also
get advice from independent SWOT analysts, investors, or competitors on whether an
organization, product line, or industry is strong or weak, and why[ CITATION Ala16 \l 1033 ].
A SWOT Analysis for Jamuna A.C for the internal and the external assessment is listed below
Strength
The weather of Bahrain being humid, needs a huge demand for cooling items;
They import large quantity of products from different countries of the world;
Construction for some big projects has been going on in Bahrain which also requires a
large quantity of AC’s;
Bahrain offers an attractive regulatory environment with governance standards;
The overall economy and importantly the currency exchange rate is very much acceptable
for continuing the business with Bangladesh.
Weaknesses:
The cost of Jamuna AC is comparatively less expensive than any other existing
brands in the market, which gives them an advantage to have more demand for
purchasing;
Since the regulatory board for trade and finance is flexible in Bahrain it gives Jamuna
AC to invest in Bahrain;
If the management of Jamuna AC can implement the strategies properly, Bahrain can
be a profitable market for them.
Threats:
If Jamuna AC does not focus on developing strategies to create a brand value, they will
be facing loss for not coping up with brands that already have a high brand value;
So, the above mentioned points include the internal amd external market analysis for Jamuna AC
in Bahrain. The internal and external analysis are needed to be focused on for developing the
market strategy for Jamuna AC.
Market Targeting: This part is concerned with analyzing the demand of the segmented
market;
Market Segmentation: Market segmentation works with identifying and analyzing the
customer data;
Market Positioning: It is the internal analysis for the research of the competitors present
in the existing market.
Since, there are many industries that have been growing in Bahrain Jamuna AC can mainly focus
on the industrial sector.
Market Positioning
The ability to influence consumer perceptions of a brand or product in relation to competitors is
referred to as market positioning. The goal of market positioning is to create a brand's or
product's image or identity so that customers view it in a specific way.
The people of Bahrain focuses more on brand value than any other things. So to sustain in the
competitive market, Jamuna AC needs to focus on developing their advertising strategies to
reach out to the customers.
The four Ps of the marketing mix are four classes of variables that make up the marketing mix:
The implication of marketing mix and developing a strategy to reach out the customers in
Bahrain for Jamuna AC has been stated below under the mentioned headings.
Jamuna AC should not make a large investment in the first place as it has a risk of facing loss,
since people will not previous reviews or recommendations of the product. This can be stated as
a test transmission phase. If by any chance it fails, Jamuna AC should plan to invest in other
countries which will have a favorable market acceptance.
The another plan for it can be to sell them in the local market but they should lessen their
production to sell the items that have been manufactured earlier to sell in Bahrain.
7. References
Kotler, P. (2012). Kotler on Marketing. Simon and Schuster.
Lee, A. (2015). The Strategy of Global Branding and Brand Equity. Routledge.
Pahl, N. (2009). Swot Analysis - Idea, Methodology and a Practical Approach. GRIN Verlag.
Sarsby, A. (2016). SWOT Analysis. Lulu Publishers.
Shankar, V. (2012). Handbook of Marketing Strategy. Edward Elgar Publishing.
Wilson, R. M. (2005). Strategic Marketing Management. Routledge.