Strength
Culture - Union and Management Working together, Staff has good work ethics Financial - Good cash reserves to invest, Good relations with Investors and Banks Human Resources - Respected by both staff and management, Ability to staff, when truly in best interest of all Intellectual Property - Good fashion design team, Some manufacturing processes are very valuable Relationships - Supplier relationships are good |
Weakness
Marketing - Marketing needs to be more pro-active, Market intelligence in terms fashion trends needs be improved Operations - Benchmarking with Asian competitors show we are below them Process - Some processes are too complicated Sales - Needs to better position in mind of Millenniums Technology - Wedded to some old technology, Competitors and new entrants have latest technology |
Opportunities
Financial - With current cash reserves we can invest in multiple new initiatives Human Resources - Staff provides various new suggestions for improvements |
Threat
Financial - If we do not change, long term survival in doubt. |