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These strengths not only help it to protect the market share in existing markets but also help in penetrating new markets. Based on Fern Fort University extensive research — some of the strengths of Publix Super Markets are — Highly skilled workforce through successful training and learning programs.
Publix Super Markets is investing huge resources in training and development of its employees resulting in a workforce that is not only highly skilled but also motivated to achieve more.
Successful track record of developing new products — product innovation. Superb Performance in New Markets — Publix Super Markets has built expertise at entering new markets and making success of them. The expansion has helped the organization to build new revenue stream and diversify the economic cycle risk in the markets it operates in.
This brand portfolio can be extremely useful if the organization wants to expand into new product categories. Strong distribution network — Over the years Publix Super Markets has built a reliable distribution network that can reach majority of its potential market.
Good Returns on Capital Expenditure — Publix Super Markets is relatively successful at execution of new projects and generated good returns on capital expenditure Publix marketing plan building new revenue Publix marketing plan.
It has successfully integrated number of technology companies in the past few years to streamline its operations and to build a reliable supply chain. Strategy is about making choices and weakness are the areas where a company can improve using SWOT analysis and build on its competitive advantage and strategic positioning.
The company has not being able to tackle the challenges present by the new entrants in the segment and has lost small market share in the niche categories.
Publix Super Markets has to build internal feedback mechanism directly from sales team on ground to counter these challenges. Investment in Research and Development is below the fastest growing players in the industry.
Even though Publix Super Markets is spending above the industry average on Research and Development, it has not been able to compete with the leading players in the industry in terms of innovation. It has come across as a mature firm looking forward to bring out products based on tested features in the market.
Not highly successful at integrating firms with different work culture. As mentioned earlier even though Publix Super Markets is successful at integrating small companies it has its share of failure to merge firms that have different work culture. Not very good at product demand forecasting leading to higher rate of missed opportunities compare to its competitors.
One of the reason why the days inventory is high compare to its competitors is that Publix Super Markets is not very good at demand forecasting thus end up keeping higher inventory both in-house and in channel. The marketing of the products left a lot to be desired.
Even though the product is a success in terms of sale but its positioning and unique selling proposition is not clearly defined which can lead to the attacks in this segment from the competitors. Organization structure is only compatible with present business model thus limiting expansion in adjacent product segments.
High attrition rate in work force — compare to other organizations in the industry Publix Super Markets has a higher attrition rate and have to spend a lot more compare to its competitors on training and development of its employees.
Opportunities for Publix Super Markets — External Strategic Factors Opening up of new markets because of government agreement — the adoption of new technology standard and government free trade agreement has provided Publix Super Markets an opportunity to enter a new emerging market.
Government green drive also opens an opportunity for procurement of Publix Super Markets products by the state as well as federal government contractors. Lower inflation rate — The low inflation rate bring more stability in the market, enable credit at lower interest rate to the customers of Publix Super Markets.
The new technology provides an opportunity to Publix Super Markets to practices differentiated pricing strategy in the new market. It will enable the firm to maintain its loyal customers with great service and lure new customers through other value oriented propositions.
New trends in the consumer behavior can open up new market for the Publix Super Markets. It provides a great opportunity for the organization to build new revenue streams and diversify into new product categories too.
New customers from online channel — Over the past few years the company has invested vast sum of money into the online platform.
This investment has opened new sales channel for Publix Super Markets. In the next few years the company can leverage this opportunity by knowing its customer better and serving their needs using big data analytics. The new taxation policy can significantly impact the way of doing business and can open new opportunity for established players such as Publix Super Markets to increase its profitability.
Threats Publix Super Markets Facing - External Strategic Factors Intense competition — Stable profitability has increased the number of players in the industry over last two years which has put downward pressure on not only profitability but also on overall sales.
Rising raw material can pose a threat to the Publix Super Markets profitability. The company can face lawsuits in various markets given - different laws and continuous fluctuations regarding product standards in those markets.
New environment regulations under Paris agreement could be a threat to certain existing product categories.Simplify your life with grocery delivery! Shipt makes grocery shopping fast, simple and convenient through the Shipt mobile app and reliable Shoppers. Weakness of Publix Super Markets – Internal Strategic Factors.
Weakness are the areas where Publix Super Markets can improve upon. Strategy is about making choices and weakness are the areas where a company can improve using SWOT analysis and build on . Publix Facilities is responsible for the design, construction, maintenance, and procurement of capital equipment and services for our retail stores and facilities.
The group is comprised of the following six main departments: Facilities Design: Provides a wide array of architectural, engineering and design services for Publix. Publix is responding with a personalized offer program – and other food retailers will need to think about following on.
This is an increasingly common shopper expectation. This is an increasingly common shopper expectation. He believed when Publix associates own the company, they in turn take care of their company and work hard to make it better.
So, later he created an employee stock purchase plan so Publix associates could formally have the opportunity to purchase shares of company stock. Tactical marketing plan should not complete before strategic marketing plan.
The detail level of the Tactics is much grater as it refers the Scheduling and cost of the product for achievements of the first year strategic plan.