Grupo Elektra SWOT Analysis, Competitors & USP

Published by MBA Skool Team, Last Updated: April 12, 2020

SWOT analysis of Grupo Elektra analyses the brand by its strengths, weaknesses, opportunities & threats. In Grupo Elektra SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like Grupo Elektra to benchmark its business & performance as compared to the competitors. Grupo Elektra is one of the leading brands in the IT & Technology sector.

The article below lists the Grupo Elektra SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Grupo Elektra SWOT Analysis:

SWOT Analysis of Grupo Elektra

For Grupo Elektra, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.

Grupo Elektra Strengths

The strengths of Grupo Elektra looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of Grupo Elektra :

1. Strategic alliance with big suppliers

2. Operates more than 2000 sales points in Mexico and Central America

3. In store credit facility for consumers

4. Credibility among its customers

5. Ease of financial services for the customers

Grupo Elektra Weaknesses

The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the Grupo Elektra SWOT Analysis:

1. Most of the business concentrated in Latin America

2. Resource management not matching sector leaders


Grupo Elektra Opportunities

The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in Grupo Elektra SWOT Analysis:

1. Entry into other parts of world

2. Huge potential in delivering financial products

3. Diversifying the product line in retail business

4. Strategic alliances with the government and institutions

Grupo Elektra Threats

The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of Grupo Elektra are as mentioned:

1. Global economic slowdown

2. E-commerce penetration from competitors

3. Increasing competition globally


Grupo Elektra Competitors

There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Grupo Elektra:

1. Comerci

2. FAMSA

3. WalMart

Hence this concludes the Grupo Elektra SWOT analysis.

Continue reading more about the brand/company.

About Grupo Elektra

Grupo Elektra Overview
Parent Company

Grupo Salinas

Category

Computer & Electronics Retail

Sector

IT & Technology

Tagline/ Slogan

Revalue your world; Small payments to pay little

USP

Provide consumer credit at reasonable pricing

Grupo Elektra STP
Segmentation

People of Mexico and Central America

Target Market

People purchasing electronics and specialty  items and Financial Services

Positioning

Providing access to affordable goods and financial services to the middle class through the largest network of specialty branded stores and banking branches


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.

Browse marketing analysis of more brands and companies similar to Grupo Elektra. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2500 brands from over 20 industry sectors.

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