17/12/2023
Potato-afternoon, buddies! Here we present our SWOT analysis and advertisement (brief introduction) of our products. Hope you like it! 🥔
🥔Strengths
- Our business' value is in supplying a unique product. With their range of flavors and customizable options, potato snacks have the potential to draw in customers looking for a unique way to snack. Besides that, maintaining competitive pricing strategies can benefit from the massive production of these tasty treats, that are commonly derived from the accessibility and affordability of potatoes.
🥔Weaknesses
- That being said, there are difficulties in the potato snacks industry. The product's perishability is one inherent weakness. Furthermore, the company's capacity to assure a stable and reliable supply all year round may be impacted by the continuous supply of high quality potatoes. Health concerns, especially those pertaining to fried foods, can also present difficulties and have an impact on the product's acceptance and general perception.
🥔Opportunities
- Collaborations with other businesses or participation in events can significantly boost visibility and attract new customers. Exploring healthier versions of potato snacks, such as baked alternatives, aligns with the growing demand for health-conscious snack options. Additionally, offering catering services for events and parties presents a lucrative opportunity for business expansion.
🥔Threats
- Despite these opportunities, threats to the potato snacks business loom on the horizon. Increasing health consciousness among consumers may lead to a decline in the consumption of fried snacks, impacting sales and necessitating a strategic response to evolving dietary trends. Economic downturns represent a potential threat, as they can influence consumer spending habits, resulting in reduced discretionary spending on snacks.
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Group Members:
- Mabilangan, Ma. Aira Chris (CEO)
- Austria, John Sen (Assistant Manager)
- Buaya, Irish Millicent (Secretary, Finance Department)
- Cornejo, Princess Jashmin (Research, Design Department)
- Cueto, Daniell Godwin (Vice President, Head Chef)
- Espejon, Chino Lawrence (Head Manager)
- Garcia, Redrick Aaron (Assistant Manager)
- Ruedas, Michael Angelo (Assistant Chef, Manager)
Potato-nam-nam! 😋🥔
