This document analyzes the strengths, weaknesses, opportunities, and threats (SWOT) for a bakery called Society Bakery. The internal strengths are its good reputation from reviews and charitable actions, while weaknesses are few locations, limited hours, and lack of wedding/tiered cakes. External opportunities include demand for more locations and expanding to other areas, while threats include competition from other bakeries with more locations, hours, and product offerings. The analysis also segments customers and outlines marketing strategies.
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What I have so far
1. SWOT Analysis
Location of Factor Type of Factor
Favorable Unfavorable
Internal Strengths: Weaknesses:
โขWell known to the public because โขThere arenโt many locations
of great reviews. established.
โขRecognized for itโs actions in โขThe hours arenโt vary liable.
giving to charity. โขDoesnโt do wedding cakes or 3
tier cakes.
External Opportunities: Threats:
โขDemand for more locations across โขOther bakeries can open for
the DFW Metroplex. longer hours.
โขCould also expand further on to โขOther bakeries can have many
other places in Texas or even the more locations across the DFW
United States since it is well known Area.
in the nation. โขCustomers are concerned about
โขCould Broaden to do some their sugar content.
Wedding Cakes and 3 tier cakes.
3. Segmentation/Targeting
WHO
โข All Ages
HOUSEHOLD INCOME
โข $25,000 and Above
COST RANGE
โข $0-10
NEED
โข Special Ocassion pastries
WANT
โข Quality and a wide range selection of
cupcakes.
WHERE
โข DFW Location in Greenville and Medical
Center
4. Market Competition
Markets Products
Current New
Current Market Penetration: Product Development:
New Market Development: Diversification:
7. Competition
Competition
La
Radford
Sprinkles Rosette
Cakery
Bakery
8. Competition
โข Description: They have a wide variety and unlike Society
Sprinkles Bakery, they do wedding cakes.
โข Negative: Only one location in North Texas in Dallas.
La Rosette โข Description: Services include Wedding Cakes, Bakery shop,
Cupcakes, Bakery, Birthday cakes, Cake Decorating, and just
in general European Gourmet
Bakery โข Negative: Only one location in Richardson, TX.
Radford โข Description: Specializes itself in wedding cakes.
โข Negative: They deliver within a 20 mile radius, but if they
Cakes will deliver outside the 20 mile radius for a $50 fee.