SWOT ANALYSIS SWOT analysis is a useful technique for understanding our strengths, weaknesses, opportunities, and threats that we might faces. This is because in 50 years onwards we might faces obstacle with our innovation. In strengths we believe that we have the most advance technology in footwear sector because we are the first innovators that create footwear that can charge your gadgets. This footwear may save your time every day. Furthermore, if we might face competitor in next 10 years we believe we have competitive advantage against our competitors because we already have expert and experience workforce with our group. We also manufacture high quality footwear to people that want footwear with many function. On the other side, our innovation also has weaknesses. As a new company, people that want to buy our product may take time to trust that our product have a many benefit when they using it. When any recession happen to our company, we must find a better solution to make chargers shoes can be use last longer and will not damage easily. Our product also have heavy weight about 200- 300 g, so this will make people difficult to walk. We also believe that our innovation create an opportunities on market. We do not have direct competitor when we start introduce our product to customer. We will use aggressive advertising that will tell people that our product have 1 years warranty and only using sport shoes, power bank or battery and thermocouple. The threats of our innovation are as a new product, it will take time before user start to familiarize with it. We must ready to face competitors in the future that have more advance technology and innovation. In order to compete with the leader of the market, the competitors will create an alternative to grab a market share between them and the market leader.
SWOT ANALYSISSWOT analysis is a useful technique for
understanding our strengths, weaknesses, opportunities, and threats
that we might faces. This is because in 50 years onwards we might
faces obstacle with our innovation.In strengths we believe that we
have the most advance technology in footwear sector because we are
the first innovators that create footwear that can charge your
gadgets. This footwear may save your time every day. Furthermore,
if we might face competitor in next 10 years we believe we have
competitive advantage against our competitors because we already
have expert and experience workforce with our group. We also
manufacture high quality footwear to people that want footwear with
many function.On the other side, our innovation also has
weaknesses. As a new company, people that want to buy our product
may take time to trust that our product have a many benefit when
they using it. When any recession happen to our company, we must
find a better solution to make chargers shoes can be use last
longer and will not damage easily. Our product also have heavy
weight about 200-300 g, so this will make people difficult to
walk.We also believe that our innovation create an opportunities on
market. We do not have direct competitor when we start introduce
our product to customer. We will use aggressive advertising that
will tell people that our product have 1 years warranty and only
using sport shoes, power bank or battery and thermocouple.The
threats of our innovation are as a new product, it will take time
before user start to familiarize with it. We must ready to face
competitors in the future that have more advance technology and
innovation. In order to compete with the leader of the market, the
competitors will create an alternative to grab a market share
between them and the market leader.
