For instance, if you have to conduct meetings on a regular basis, a fear of public speaking would be a major weakness.
The golf industry is growing in certain parts of the world i. You might find useful opportunities in the following: Networking events, PGA educational classes, or conferences, webinars.Secondly the supply of new products is not regular thus leading to high and low swings in the sales number over period of time. The matrix is only a starting point for a discussion on how proposed strategies could be implemented. Does changing technology threaten your position? High level of customer satisfaction — the company with its dedicated customer relationship management department has able to achieve a high level of customer satisfaction among present customers and good brand equity among the potential customers. What values do you believe in that others fail to show at your club? The expansion has helped the organization to build new revenue stream and diversify the economic cycle risk in the markets it operates in. Article continues after advertisement Investment in Research and Development is below the fastest growing players in the industry. What will the people around you see as your weaknesses i. Threats Callaway Golf Company Facing - External Strategic Factors No regular supply of innovative products — Over the years the company has developed numerous products but those are often response to the development by other players. Are you completely confident in your education and skills training? Need more investment in new technologies. Is a fellow professional going on an extended leave? It has come across as a mature firm looking forward to bring out products based on tested features in the market.
Stable free cash flow provides opportunities to invest in adjacent product segments. Remember if you become a friend of Club Inc by simply clicking on our website www.
For example changing environmental regulations can be both a threat to company it can also be an opportunity in a sense that it will enable the company to be on a level playing field or at advantage to competitors if it able to develop the products faster than the competitors.
In the next few years the company can leverage this opportunity by knowing its customer better and serving their needs using big data analytics.Strong Free Cash Flow — Callaway Golf Company has strong free cash flows that provide resources in the hand of the company to expand into new projects. It also solves the long list problem where organizations ends up making a long list but none of the factors deemed too critical. High level of customer satisfaction — the company with its dedicated customer relationship management department has able to achieve a high level of customer satisfaction among present customers and good brand equity among the potential customers. With more cash in bank the company can invest in new technologies as well as in new products segments. Do you have personality traits that hold you back in your field? What do other people see as your strengths? Threats Callaway Golf Company Facing - External Strategic Factors No regular supply of innovative products — Over the years the company has developed numerous products but those are often response to the development by other players. Lower inflation rate — The low inflation rate bring more stability in the market, enable credit at lower interest rate to the customers of Callaway Golf Company. Limitation of Weighted SWOT analysis of Callaway Golf Company This approach also suffers from one major drawback - it focus on individual importance of factor rather than how they are collectively important and impact the business holistically. Does changing technology threaten your position? Are you completely confident in your education and skills training? New environment regulations under Paris agreement could be a threat to certain existing product categories. Which of your achievements are you most proud of both inside and outside of golf? Remember it might feel like you have little control over where your career is heading. This investment has opened new sales channel for Callaway Golf Company.
The company has not being able to tackle the challenges present by the new entrants in the segment and has lost small market share in the niche categories. Changing consumer buying behavior from online channel could be a threat to the existing physical infrastructure driven supply chain model.
The marketing of the products left a lot to be desired.
Are any of your colleagues competing with you for projects or roles?