Ramoji Film City SWOT analysis evaluates the brand by its strengths, weaknesses, opportunities & threats. In SWOT Analysis of Ramoji Film City, 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 Ramoji Film City to benchmark its business & performance as compared to the competitors, and make strategic improvements. Ramoji Film City is one of the leading brands in the tourism and hospitality sector.
The article below lists the Ramoji Film City SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the Ramoji Film City SWOT Analysis:
In this article:
For Ramoji Film City, 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 Ramoji Film City 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 Ramoji Film City :
1. Ramoji Film City is the world’s largest integrated film complex; it is spread over an area of 2000 acres.
2. It attracts over 1 million visitors every year.
3. The park also offers facilities for accommodation through the 2 hotels situated just outside the complex.
4. It offers a mix of spectacular natural and artificial locations, along with rides, shows and events.
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 Ramoji Film City SWOT Analysis:
1.There are fewer rides in the park as compared to some of the other famous international amusement parks
2.The brand is not very popular outside India.
3.The park doesn’t have an integrated theme which makes branding and marketing difficult
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 Ramoji Film City SWOT Analysis:
1.India has a demographic of young population, who can form the potential customers for the film city.
2.By innovating in terms of shows and events the park can hope to attract more and more visitors.
3. It is the only amusement park in Hyderabad, hence has great crowd-pulling ability.
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 Ramoji Film City are as mentioned:
1. A larger studio complex called Prayag Film City is developing in the vicinity, which once open, will be a threat to Ramoji Film City.
2.Andhra Pradesh is not a popular tourist state in India, hence the inflow of tourists is relatively low.
3.Neighbouring states of Karnataka and Kerala are attracting more and more tourists.
There are several brands in the market which are competing for the same set of customers. Below are the top 3 competitors of Ramoji Film City:
1.Kingdom of Dreams, India
2.Essel World, India
Hence this concludes the Ramoji Film City SWOT analysis.
Continue reading more about the brand/company.
|Ramoji Film City Overview|
Amusement Park/Theme Park
Welcome to the World of Magic
A film city which is also an amusement park is a unique concept in India
|Ramoji Film City STP|
Children and families
Families living in Hyderabad and tourists from other parts of India
Offers recreational options for all age groups
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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