Barbie SWOT Analysis
Barbie is one of the leading brands in the media & entertainment sector. Barbie SWOT analysis evaluates the brand by its strengths & weaknesses which are the internal factors along with opportunities & threats which are the external factors. Let us start the SWOT Analysis of Barbie:
Quick Glance:
Barbie Strengths
- Wide range of dolls and accessories
- Customized for audience of different countries
- Barbie itself is a big brand; global market leader in the toy industry
- Has its own episodes on TV
- Competitions are also organized regularly
- Retail network is very good
- Top of the mind brand recall globally among young girls
Above are the strengths in the SWOT Analysis of Barbie. The strengths of Barbie looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Barbie Weaknesses
- Fake imitations also sold under its name which is a concern
- Product portfolio is limited to dolls only
- Line extension takes long periods of time
These were the weaknesses in the Barbie SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
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Barbie Opportunities
- Organize DIY competitions in schools
- Come up with a comic strip as Barbie has a large family and a long history
- Add more Barbie activities to its portfolio
- Regain its dominance in the toy industry
Above we covered the opportunities in Barbie SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Barbie Threats
- Barbie dolls have been a target of parody frequently
- Stringent testing process of toys in Europe
- Changing taste of customer as far as dolls are concerned
The threats in the SWOT Analysis of Barbie are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Hence this concludes the Barbie SWOT analysis.
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About Barbie
The table below gives the brand overview along with its target market, segmentation, positioning & USP
| Barbie Overview | |
|---|---|
| Parent Company |
Mattel Inc. |
| Category |
Toy Brands and Manufacturers |
| Sector | |
| Tagline/ Slogan |
Over 125 careers and counting; I can be Anything |
| USP |
Dolls can change with different clothes and hairstyle and there are Barbie activities |
| Barbie STP | |
| Segmentation |
Customizable dolls which can be engaged in activities |
| Target Market |
Young females of middle and upper class and grown-up collectors |
| Positioning |
Serves as a role model for pre-teen girls |
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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