Published by MBA Skool Team, Last Updated: April 12, 2020
SWOT analysis of Discovery Toys analyses the brand by its strengths, weaknesses, opportunities & threats. In Discovery Toys 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 Discovery Toys to benchmark its business & performance as compared to the competitors. Discovery Toys is one of the leading brands in the media & entertainment sector.
The article below lists the Discovery Toys SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Discovery Toys SWOT Analysis:
For Discovery Toys, 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.
Discovery Toys Strengths
The strengths of Discovery Toys 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 Discovery Toys :
1.Leading brand in toys for early childhood education
2.Wide product range starting from toys to be used at birth to those that can be used for children older than 8 years
3.Educational consultants to facilitate the correct usage of the toys to gain maximum impact
4.Specializes in toys for autistic children and those with special needs
Discovery Toys 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 Discovery Toys SWOT Analysis:
1.Poor distribution in brick-and-mortar stores
2.Limited brand recall due to lack of advertising activities
Discovery Toys 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 Discovery Toys SWOT Analysis:
1.To expand its reach to other global markets beyond USA and Canada
2.Venture further into educational material in the form of books
3.Expand presence through tie-ups with local stores across the USA
Discovery Toys 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 Discovery Toys are as mentioned:
1.Increasing usage of educational applications on electronic devices poses a threat to these toys
2.Cheaper alternatives in the form of i-pad applications etc.
3.Easy cannibalization by other brands
Discovery Toys Competitors
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Discovery Toys:
Helping parents educate their children through toys
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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