Philips SWOT Analysis, USP & Competitors

Posted in Conglomerates, Total Reads: 11086
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SWOT Analysis of Philips with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis

Philips

Parent Company

Koninklijke Philips Electronics N.V.

Category

Conglomerates

Sector

Lifestyle and well-being

Tagline/ Slogan

Sense and simplicity

USP

Improving people’s life through meaningful innovation

STP

Segment

Consumer lifestyle, healthcare and lighting

Target Group

Users of domestic appliances like TV, video games; Users of kitchen appliances; healthcare industry users of imaging systems, patient care and clinical informatics; Industry and domestic users of light;

Positioning

Trusted brand committed to quality and innovation

SWOT Analysis

Strengths

1. Subsidiaries in more than 100 countries with more than 120,000 employees
2. Operates around 110+ production facilities

3. Has a very strong R&D portfolio, with 7 active R&D centers across  the globe

4. Market leadership and strong brand equity -  market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions with consistent growth rate in emerging market

5. Aligning operations with market conditions to increase productivity -  Philips focused on de-layering its management structure to increase speed of execution and lower operating costs, resulted in improvement in efficiency

6. Customer loyalty is high for consumer electronics made by Phillips

Weaknesses

1. Legal tangles tarnish brand image – With over 50 class action anti-trust complaints resulting in investigation against Philips like Lite-on digital solution, CRT division
2. Highly competitive market in electronic appliances from both local and international brands
3.Higher price quotient compared to competitors

Opportunities

1. Growth through the inorganic route is key to Philips
2. Increasing demand for sustainable and green lighting products
3. Growing presence in emerging markets like India and China

4. Push from various government and environmental activists for greener products indirectly promoting the products of Philips

Threats

1. Highly competitive business environment
2. Counterfeit goods - a major threat to manufacturers of branded electronics
3. Environmental and other government regulations

4. Exchange rate fluctuations

5. Availability of cheaper technology in local markets

Competition

Competitors

1. General Electric company
2. LG Electronics
3. Motorola Inc

4. RF Micro devices

5. Samsung Electronics



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