Remember that a SWOT analysis identifies strengths, weaknesses, opportunities, and threats of an organization. This is an important analysis for any organization as it can be used for strategic planning.
Identify Krispy Kreme strengths, weaknesses, opportunities and threats of there organization. Explain why this organization can be considered as strategic planning.
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Explain each strength weaknesses opportunities and threats in its own Paragraph.
SAMPLE SOLUTION
Undertaking a SWOT analysis is the best approach to evaluating a company’s position in a competitive market. The analysis is a strategic framework that helps build on what the organization does well and develop strategies to address what the organization lacks by minimizing risks while maximizing opportunities. This task presents the SWOT analysis of Krispy Kreme, an American doughnut company, and | GET AN EXPERT FOR YOUR ASSIGNMENT | make the company one of the most competitive in the market. Firstly, the company is known to provide the best quality doughnuts to its customers. In a competitive market, customers will always go for the quality of the product. KKD, therefore, prides itself on high customer loyalty due to the proven quality of their products. Secondly, the company has more than 400 stores with a presence in almost 40 US States and more than ten foreign countries (Putri et al., 2020). The high presence of the products…
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