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SOWT analysis of Honda
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HONDA{company profile}
Honda is a japanese public multinatinal corporation primarly known as a manufaturer of automobiles,motorcycle and power equipment.It producing more than 14 million engine each year.Honda manufatured not only motor cycle but also gardar equipment,marine engines,personal watercraft and power generaters.In 2013honda invested 7.5%(6.8 billion us doller) of it's ventures in R&D
STRENGTH
High and powerful research and development
Innovation
Best market share leadership
Strong and powerful brand equity
Different and unique products
Revolutionary engine technology
Popularity results in betterment for the company
WEAKNESSES
Cost sturucture is high as other manufacturers
Requires privileged purchase deposit
Focus on international deposits as domestic deposits
Civic model is consider
Inoffensive in terms of style and design
Price for non-luxury vehicles is high
In truck line,honda company is not offering strong products and proposals
OPPORTUNITIES
Market emerging
Various models are caters the lower segment
Fuel efficiency resuts best prouctvity
Alliances are the best opportunities for honda
Increese it's production focusing sales and research
They gain more popularity by doing better R&D
THREATS
Ecnomic slowdown
Lower cost competitor
Price war
Oil prices are contributing a lot of loss
Second movers
Availability substitute products
All the external chances for instance taxes,politics as well as govt are the major threats for the company
CONCLUTION
Through this swot analysis we can idetify,honda is the 20th leading company in the world.Apart from automobile ,honda is the best and largest producer of engine.Now honda producing somany models,but also fix high pcice for the products than other companies.But they ensure high fuel efficiency in motor cycle industry
REFERENCES
http;//www.freeswotanalysis.com/automobile/88-honda-swot-analysis.html