Global Business: Evaluation and Analysis of Aston Martin on the Basis of SWOT Analysis
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This report provides a detailed evaluation and analysis of Aston Martin on the basis of SWOT analysis. It covers the impact of SWOT analysis on the company's marketing and finance functional areas.
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Contents Contents...........................................................................................................................................2 INTRODUCTION...........................................................................................................................1 MAIN BODY..................................................................................................................................1 Detailed evaluation and analysis of the above mentioned firm on the basis of SWOT analysis.1 Identificationand evaluationof theaspectsof SWOT analysisand itsimpacton the company’s marketing and finance functional areas.....................................................................2 CONCLUSION................................................................................................................................3 REFERENCES................................................................................................................................4
INTRODUCTION Global business is one of the most important as well as essential element in the current scenario as it gives an opportunity to each and every firm to expand its operations on an international level which is very helpful in increasing sales and profitability of the company in the long run(Buckley and Casson, 2019). This report covers various aspects that are related with Aston Martin that is established in the UK and is operating since a long period of time and hence it has also captured a larger share in the industry too. Apart from this the report covers majorly two types of analysis that is SWOT and operational impact with reference to the company that is Aston Martin. MAIN BODY Detailed evaluation and analysis of the above mentioned firm on the basis of SWOT analysis SWOT analysis is very crucial for each and every firm that is operating in the market irrespective of the industry in which it is operating because it helps the company to analyse and evaluate the strong point as well as weak point that the business possess. it is very beneficial and for Aston Martin it is done in an elaborated manner below- StrengthsWeaknesses ï‚·Aston Martin is operating in the market since a long time and as a result it has capturedahigherproportionofthe market and also enjoys a loyal customer base. ï‚·The company deals in luxury cars and its quality is very commendable which isfarmuchbetterthananyofits competitors that are prevailing in the similar industry. ï‚·As Aston Martin deals in luxury cars it only covers a limited section of society which adversely affects it in the long run as it directly impacts sales of the organisation. ï‚·It also focuses on a limited customer base requirements while ignoring the rest due to its operating and thus impact the overall working. OpportunitiesThreats ï‚·As there is higher demand of cars that are sustainable too in the market and the firm Aston Martin can treat it as an ï‚·As there is free entry and exit of firms in the industry in which Aston Martin operates and thus it possesses a big
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opportunityto increaseitssalesand subsequently profits in the market. The firm can also take online marketing as an opportunitytoreachmaximumnumberof people which can prove beneficial for the firm in the long term(Hawawini, 2016). threataswellaschallengeforthe organisation. Apart from this there is a huge rise in prices of fuel which directly affects the salesofthefirm.Alsopeopleare becoming reluctant to buy cars because of increased prices of fuel as well as increase in awareness among citizens regardingconservationofthe environment. Identification and evaluation of the aspects of SWOT analysis and its impact on the company’s marketing and finance functional areas Operations of each and every firm depends upon various types of factors that are prevailing in the market environment which is highly competitive in nature too and factors that affects the working of the firm in both direct and indirect way. Thus each part have to be analysed in an accurate as well as in a precise manner so that it can add to the value of the company in the market as well as it gives the organisation a chance to stand ahead of its competitors that are also operating in the similar industry(Maloni, Hiatt and Astrachan, 2017). Using SWOT analysis key drivers and its impact on the functional areas that are marketing and finance are explained below in detail with reference to the company that is Aston Martin- Marketing-It can be analysed from above that the above discussed firm is operating on a large scale and thus it uses various tools of marketing which helps it in increasing its sales and profitability as it is one of the most strong point of the firm. It impacts marketing of the firm in a favourablewayasitprovedverybeneficialfortheorganisationasithaveachieveda considerable amount of growth and the firm’s market value has also increased in those subsequent years. Finance-A the firm Aston Martin deals in luxury cars thus it becomes very important for a company to have an intact finance and the firm uses a combination of both equity and liability to raise funds so that neither can prove risky for the organisation. It can be evaluated from SWOT analysis that it impacts finance area of the company too as it helps the firm to decide a perfect
combination in which finance can be used in the company so that it can fetch maximum returns (Sanden, 2016). CONCLUSION Global business environment is very crucial as well as critical for each and every as it carries the potential to increase the sales and profits of the firm in the long run but at the same time it can become a burden on the company and can destruct and disrupt the market value and also can tarnish the image of the organisation in the industry if not used in a correct and precise manner. From the above it can be concluded that the firm Aston Martin is a company that is geographically located in the UK and manufactures and sells luxury cars and has captured a large share in that market. Apart from this it can also be concluded that though the firm is performing well there are some areas in which it has to pay attention otherwise it can prove costlier for the company and can decrease its sales and profitability and that too in a short period of time. Further it can be concluded that there are some functional areas like marketing and finance that is impacted by various factors and that possess a lot of importance and the firm have to deal with all of them in an appropriate manner.
REFERENCES Books and journals Buckley, P. and Casson, M., 2019. Decision-making in international business.Journal of International Business Studies.50(8). pp.1424-1439. Hawawini, G., 2016.The internationalization of higher education and business schools: A critical review. Springer. Maloni, M. J., Hiatt, M. S. and Astrachan, J. H., 2017. Supply management and family business: A review and call for research.Journal of Purchasing and Supply Management.23(2). pp.123-136. Sanden, G. R., 2016. Language: The sharpest tool in the business strategy toolbox.Corporate Communications: An International Journal.