STRATEGIC MANAGEMENT CELANESE CORPORATION.
Added on -2019-09-21
| 17 pages
| 3695 words
| 161 views
Trusted by 2+ million users,
1000+ happy students everyday
Showing pages 1 to 4 of 17 pages
Running Head: STRATEGIC MANAGEMENT CELANESE CORPORATIONPART 3By: Kayelyn Korenek, Matthew Center, Samantha Penland, & TrevorBelcikCelanese Corporation – Part III
STRATEGIC MANAGEMENT CELANESE CORPORATION1Table of Contents5. SWOT Analysis...........................................................................................................................25.1 Methodology..........................................................................................................................25.2 SWOT Matrix........................................................................................................................45.3 Recommendations..................................................................................................................75.4 Recommended Strategies.......................................................................................................96. Implementation..........................................................................................................................116.1 Action Plans.........................................................................................................................116.2 Goals and Objectives...........................................................................................................136.3 Time for Completion and Milestones..................................................................................146.4 Resources Needed................................................................................................................156.5 Risk Assessment..................................................................................................................156.6 Contingency Plan.................................................................................................................157. References..................................................................................................................................16
STRATEGIC MANAGEMENT CELANESE CORPORATION25. SWOT AnalysisThe main motive of the Strengths, Weakness, Opportunities, and Threats analysis is to recognize Celanese’s current capabilities and resources that are available, and to what extent and how these resources are utilized by the organization to compete with its nearest competitors in the chemical industry. This section also concludes that how future trends in the external environment can create different market opportunities and competitive threats for Celanese Corporation. On the basis of its strengths, and weaknesses the company can effectively decide which of the opportunities in the market to consider while avoiding or managing the evident threats.5.1 MethodologyFor conducting the SWOT analysis, we utilized the convert and match matrix method. With the help of this method, we are able to determine strategic recommendations for Celanese Corporation to move further. The SWOT analysis will help in formulating recommended future strategies for Celanese Corporation so that it can gain competitive advantages in the market. The strengths, weaknesses, opportunities, and threats mentioned in the following table enables the organization to formulate its business strategies as per the competitor’s initiatives. The convert and match method is an easier way to apply the SWOT matrix to formulate business strategies. There are two sets of recommendations derived from convert and match matrix. The strategic recommendations completely depend on converting a weakness into strength or threat into an opportunity. And the other strategic recommendations are based on matching strength with an opportunity to create a competitive advantage for the organization in its relative market.
STRATEGIC MANAGEMENT CELANESE CORPORATION3PositiveNegativeInternalList of Strengths1.Broad portfolio ofhigh-qualitypolymers.2.Usage of advancedpolymer technologysuch as composite orutility transmissionline.3.Core competency indevelopingdifferentiatedproductswithchemical and physicalproperties such asPOM, LFRT, andPBT.4.High-class technologyfor production ofproducts, such as anti-counterfeitingtechnologyforproducing originalequipment.5.Global Presence incountries like Brazil,Germany, China, etc.6.Expansion of portfolioto include productswith higher stiffness,and impact, improvedwear and enhancedthe appearance or lowemissions (AnnualReport, 2014, p. 6).List of Weaknesses1.Highcapacityconstraints due tolabor disruption orconstruction delays(Annual Report, 2014,p.17)2.Poor relationship withsupplier due toinability of a supplierto meet deliveryorders on timely basis(Annual Report, 2014,p.17)ExternalList of Opportunities1.Growing demand forUHMW-PE("UHMWPE MarketList of Threats1.High competitionbetweenindustrycompetitors (Annual
Found this document preview useful?
You are reading a preview
Upload your documents to download
or
Become a Desklib member to get accesss
Paid Plans
Free Plan
Single Unlock
Monthly Plan
Yearly Plan