Assignment
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Strengths |
Weaknesses |
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Opportunities |
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Threats |
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SWOT Analysis Assignment (Apple Products)
1. Introduction (page 35 – Marketing Matters - Apples Products )
· Rate the 4 products (iPod, iPhone, iPad, Apple watch) in the order you think is the most profitable to the least profitable (1 being the best, 4 being the least).
· Briefly explain your rationale for the ratings you gave the products.
2. SWOT Analysis Template: List 3 ideas for each category for Apple: Internally, based on the Marketing Mix: pg. 9-10 (Ch 1) and externally based on the External Environment, pg. 75-88 (Ch 3)). You may need to use Apple’s website to see what they think they do well. Can use the above template for this section.
· Strengths: Internal – use marketing mix (product, promotion, place, price)
· Weaknesses: Internal – use marketing mix (product, promotion, place, price)
· Opportunities: External environment (social, economic, technological, regulatory/legal, competition)
· Threats: External environment (social, economic, technological, regulatory/legal, competition)
3. SWOT Analysis and Product Enhancement
· What opportunity would you pursue expansion for from the 4 products you rated earlier?
· What are a few of the strengths that will bolster Apple to pursue this opportunity?
· What are 2 weaknesses Apple must address and how do they overcome them?
· What are 2 external threats Apple faces and how do they overcome them?
4. Conclusion
· What did you learn from doing this assignment concerning marketing a product?
5. Bibliography (APA format for any websites or information you used in the paper)
Below is a chart explaining how to address each area in the SWOT analysis.
Video Explaining how to do a SWOT Analysis: https://youtu.be/JXXHqM6RzZQ