Introduction to Business: SWOT Analysis on Target
Review the links below (copy and paste them in a new web browser). Next, choose only one (select either Option 1,2,3, or 4 and focus your discussion on that part only) part of the SWOT analysis framework and share your analysis.
https://www.mbaskool.com/brandguide/lifestyle-and-retail/4911-target-corporation.html
https://pestleanalysis.com/swot-analysis-of-target/
Option 1: Strengths Based on your own experiences shopping at Target and Walmart and the research you conducted:
Identify 1-2 strengths Target has in comparison to Walmart. For each strength, explain how can Target build upon that to gain an advantage over Walmart?
Option 2: Weaknesses Based on your own experiences shopping at Target and Walmart and the research you conducted:
Identify 1-2 weaknesses Target has in comparison to Walmart. For each weakness, assess what target could do to turn this weakness around?
Option 3: Opportunities Based on your own experiences shopping at Target and Walmart and the research you conducted:
Identify 1-2 possible opportunities Target has to be more competitive with Walmart. For each opportunity, explain how Target could capitalize on them to gain an advantage over Walmart?
Option 4: Threats Based on your own experiences shopping at Target and Walmart and the research you conducted:
Identify 1-2 possible threats that might diminish Target’s competitiveness with Walmart. For each threat, explain how Target could minimize these threats to stay competitive with Walmart?