Published in Conglomerates category by MBA Skool Team
Smiths Group is one of the leading brands in the conglomerates sector. Smiths Group 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 Smiths Group:
Operates in North America, Europe and Asia with 23,000+ employees
Has its presence in over 180 countries
Diversified customer base across multiple sectors with no customer accounted for more than 3% of the group's total revenue
Diversified revenue stream – John Crane Smiths Medical; Smiths Detection; Smiths Interconnect; and Flex-Tek
Globally spread production bases with a listing on London Stock Exchange
Above are the strengths in the SWOT Analysis of Smiths Group. The strengths of Smiths Group looks at the key internal factors of its business which gives it competitive advantage in the market and strengthens its position.
Smiths Group Weaknesses
Legal issues with claims and has had final judgments against it in many cases, resulting into approximately substantial payment
Geographic concentration of revenue – US accounting for nearly half of total revenue
Decreasing revenue from Japan
These were the weaknesses in the Smiths Group SWOT Analysis. The weaknesses of a brand are certain aspects of its business which it can improve.
Smiths Group Opportunities
New contracts help in generating incremental revenues
Favorable outlook for Smiths Interconnect business
Expansion opportunities into process instruments
Above we covered the opportunities in Smiths Group SWOT Analysis. The opportunities for any brand can include prospects of future growth.
Smiths Group Threats
Challenging economic environment in the US and Europe
The threats in the SWOT Analysis of Smiths Group are as mentioned above. The threats for any business can be external factors which can negatively impact its business.
Engineered products, Medicine, Sensor, Electronic and radio, Aerospace
Oil and gas, chemical, pharmaceutical, pulp and paper and mining industries, hospitals and laboratories, US Department of Defense, US Transportation Security Administration, and the UK Ministry of Defense, Industries using electronic and radio frequency devices
Global leader in the development, application and transformation of state-of-the-art technology into products and services that meet our customers’ evolving needs
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