Categories: SWOT Analysis

SWOT Analysis of Hyundai Motors

&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad1" id&equals;"quads-ad1" style&equals;"float&colon;left&semi;margin&colon;0px 0px 0px 0&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td valign&equals;"top" width&equals;"319"> OPPORTUNITIES<&sol;p>&NewLine;<&sol;td>&NewLine;<td valign&equals;"top" width&equals;"319"> THREATS<&sol;p>&NewLine;<&sol;td>&NewLine;<&sol;tr>&NewLine;<tr>&NewLine;<td valign&equals;"top" width&equals;"319"> &CenterDot; Develop fuel efficient cars <&sol;p>&NewLine;<p>&CenterDot; Hybrid cars <&sol;p>&NewLine;<p>&CenterDot; Provide training to dealers <&sol;p>&NewLine;<p>&CenterDot; Boosting fuel efficiency <&sol;p>&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad2" id&equals;"quads-ad2" style&equals;"float&colon;none&semi;margin&colon;0px 0 0px 0&semi;text-align&colon;center&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;<p>&CenterDot; Optimize production processes to minimize losses <&sol;p>&NewLine;<p>&CenterDot; Launch electric cars<&sol;p>&NewLine;<&sol;td>&NewLine;<td valign&equals;"top" width&equals;"319"> &CenterDot; Conflict between south and north Korea <&sol;p>&NewLine;<p>&CenterDot; Exchange rates <&sol;p>&NewLine;<p>&CenterDot; Inflation <&sol;p>&NewLine;<p>&CenterDot; High Fuel prices <&sol;p>&NewLine;<p>&CenterDot; Improvement in public transport <&sol;p>&NewLine;<p>&CenterDot; Competition<&sol;p>&NewLine;<&sol;td>&NewLine;<&sol;tr>&NewLine;<&sol;tbody>&NewLine;<&sol;table>&NewLine;<h3>SWOT Matrix &lpar;Image&rpar;<&sol;h3>&NewLine;<p> <a href&equals;"http&colon;&sol;&sol;mba-tutorials&period;com&sol;&sol;wp-content&sol;uploads&sol;2014&sol;03&sol;image1&period;png"><img title&equals;"image" style&equals;"border-top&colon; 0px&semi; border-right&colon; 0px&semi; border-bottom&colon; 0px&semi; border-left&colon; 0px&semi; display&colon; inline" border&equals;"0" alt&equals;"image" src&equals;"http&colon;&sol;&sol;mba-tutorials&period;com&sol;&sol;wp-content&sol;uploads&sol;2014&sol;03&sol;image&lowbar;thumb1&period;png" width&equals;"500" height&equals;"244"&sol;><&sol;a> <&sol;p>&NewLine;<h3>Strengths<&sol;h3>&NewLine;<p> • Fastest growing automaker by brand&period;<&sol;p>&NewLine;<p> • Strong research &amp&semi; development&semi; it has established eight Research and Development centers in different part of the world&period;<&sol;p>&NewLine;<p> • It has world largest automobile plant named &OpenCurlyDoubleQuote;The Ulsan Plant” located in Korea&period;<&sol;p>&NewLine;<p> • Hyundai vehicles are sold in 193 countries via 6000 dealers&period;<&sol;p>&NewLine;<p> • It was ranked 8th in automotive brand ranking of 2013&period;<&sol;p>&NewLine;<p> • Fastest growing company in automotive industry&period;&period;<&sol;p>&NewLine;<p> • Growth in Europe region sales&period;<&sol;p>&NewLine;<p> • Strong revenues and profits in 2013&period;<&sol;p>&NewLine;<p> • Hyundai’s brand value reaches &dollar;9 billion&comma; ranking No&period; 43 in Interbrand’s 2013 Best 100 Global Brands<&sol;p>&NewLine;<p> • Hyundai Motor to launch first electric car in 2016&period;<&sol;p>&NewLine;<h3>Weaknesses<&sol;h3>&NewLine;<p> &lbrack;large&rsqb;• Low availability of spare parts due to unavailability of authorized dealers and distributors&period;<&sol;p>&NewLine;<p> • Hyundai recalled cars on different occasions due to issues in seat belt and brakes&period;<&sol;p>&NewLine;<p> • In 2013&comma; the sales goes down by 4&percnt; in Korea&period;<&sol;p>&NewLine;<p> • Production losses<&sol;p>&NewLine;<p> • Lack of attractive car designs as compared to major competitors&period;<&sol;p>&NewLine;<p> • Weak presence in Asia region&period;<&sol;p>&NewLine;<p> • The sales are on lower side in Japan&period;<&sol;p>&NewLine;<h3>Opportunities<&sol;h3>&NewLine;<p> • Manufacture low price and fuel efficient cars for third world countries<&sol;p>&NewLine;<p> • Enter into untapped markets&period;<&sol;p>&NewLine;<p> • Joint ventures to open assembling plants&period;<&sol;p>&NewLine;<p> • The fuel prices are increasing therefore&semi; it’s the right time for Hyundai to start focusing on manufacturing Hybrid cars&period;<&sol;p>&NewLine;<p> • It should launch its electric cars ahead of other competitor to get first move advantage&period;<&sol;p>&NewLine;<p> • Provide training to dealers to improve customer services&period;<&sol;p>&NewLine;<p> • Boosting fuel efficiency <&sol;p>&NewLine;<p> • Increase production efficiency of manufacturing plants to increase global sales&period;<&sol;p>&NewLine;<h3>Threats<&sol;h3>&NewLine;<p> • Conflict between South and North Korea could impact the largest production facility of Hyundai Motors&period;<&sol;p>&NewLine;<p> • Fierce competition in automobile industry&period;<&sol;p>&NewLine;<p> • Unrest in Africa region&period;<&sol;p>&NewLine;<p> • Raise in price of fuel might reduce the demand of Hyundai vehicles&period;<&sol;p>&NewLine;<p> • Betterment in public transport infrastructure could decline the company sales&period;<&sol;p>&NewLine;<p> • Fluctuations in currency exchange rate might negatively impact the company profit margin&period;&NewLine;<&excl;-- WP QUADS Content Ad Plugin v&period; 2&period;0&period;95 -->&NewLine;<div class&equals;"quads-location quads-ad3" id&equals;"quads-ad3" style&equals;"float&colon;none&semi;margin&colon;0px&semi;">&NewLine;&NewLine;<&sol;div>&NewLine;&NewLine;

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