What is Robin Hoods mission statement? 2. Apply SWOT analysis on Robin Hood and the Merrymen
3. What are some possible strategies for the company to sustain their existence in the future?
Please answer these three questions only.
You need to answer all the questions thoroughly (min. 300 words). You need to draw from theories and concepts rather than using common sense
A company is a living organism that must survive in order to continue its existence. The best way for them to do this is by improving their business model and finding new customers.
Before you can figure out how to create a sustainable business plan, it’s important that you take the time to think about what kind of company your vision is. The business plan should include a SWOT analysis, which stands for Strengths, Weaknesses, Opportunities and Threats. These four elements will help determine how successful your company will be in the future.
Next on the list is marketing strategy–this includes things like branding and advertising campaigns as well as social media strategies. Financial strategy involves analyzing financial statements and determining whether or not there are any ways in which they could be improved or modified based on these results. Product development strategy refers specifically to product creation efforts (i.e., developing new products).
The first step in sustaining your company is to find new customers. The next step is to retain old customers and improve customer service, satisfaction, loyalty and retention. When you can do both of these things at once, then your business will be able to survive for a long time.
The first strategy is to change their product or improve their marketing strategy. In order for a company to survive in this age of technology, they need to stay relevant with their customers. A good example of this can be seen in the case of Apple Inc., which has continually updated its products such as iPhones and iPads (and even watches). By doing so, they stay relevant and keep people interested in buying new products from them because they are familiar with how things work on these devices already.
A bad example could be seen when companies don’t update their products regularly enough or offer newer versions that aren’t useful enough compared with previous models. This doesn’t allow customers who already own one type of device access into other parts of your product line without buying something entirely new just because someone wants something different than what they currently have available online today.”
These strategies will help the company to create a sustainable business model in the future.
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