Barbie SWOT analysis evaluates the brand by its strengths, weaknesses, opportunities & threats. In SWOT Analysis of Barbie, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.
Barbie is one of the leading brands in the media & entertainment sector. The article below lists the Barbie SWOT, competitors and includes its target market, segmentation, positioning & USP.
In this article:
For Barbie, 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.
The strengths of Barbie 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.
A list of strengths is mostly the starting point in starting SWOT analysis. Below are the Strengths in the SWOT Analysis of Barbie :
1. Wide range of dolls and accessories
2. Customized for audience of different countries
3. Barbie itself is a big brand; global market leader in the toy industry
4. Has its own episodes on TV
5. Competitions are also organized regularly
6. Retail network is very good
7. Top of the mind brand recall globally among young girls
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 Barbie SWOT Analysis:
1. Fake imitations also sold under its name which is a concern
2. Product portfolio is limited to dolls only
3. Line extension takes long periods of time
Read more about Barbie
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 Barbie SWOT Analysis:
1. Organize DIY competitions in schools
2.Come up with a comic strip as Barbie has a large family and a long history
3. Add more Barbie activities to its portfolio
4. Regain its dominance in the toy industry
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 Barbie are as mentioned:
1.Barbie dolls have been a target of parody frequently
2.Stringent testing process of toys in Europe
3. Changing taste of customer as far as dolls are concerned
Hence this concludes the Barbie SWOT analysis.
Continue reading more about the brand/company.
Toy Brands and Manufacturers
Over 125 careers and counting; I can be Anything
Dolls can change with different clothes and hairstyle and there are Barbie activities
Customizable dolls which can be engaged in activities
Young females of middle and upper class and grown-up collectors
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.
Browse marketing analysis of more brands and companies similar to Barbie. This section covers SWOT Analysis, Competitors, Segmentation, Target Market, Positioning & USP of more than 2000 brands from over 20 industry sectors.
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