KEY STRENGTHS AND WEAKNESSES: Case Solution
In addition to this, the company has grown financially over the period of time, which also acts as strength for the company. Moreover, the top management of the company is highly skilled due to which the overall effectiveness of the operations of the company has been optimized. Thus, it also acts as strength for the company. (PANKAJ GHEMAWAT, 2006)
The major weakness of the company is that there is a recent cyclical downturn and structural drawbacksin the entire industry of print publishing. In addition to this, people are making television and electronic media as a primary source for news, which acts as a weakness for the company as the overall customer base of the company is reducing.
RELATIVE COSTS:
The Economists have a number of costs such as cost of losing market share, cost of printing and many other costs. In addition to this, since the market share is declining as well as people are shifting towards electronic media, the overall cost of the company has been increasing. Furthermore, the overall printing and publishing costs of the company are also increasing. (HANNA HAŁABURDA, 2009)
COMPETITIVE STRATEGY& WILLINGNESS TO PAY
The company has focused on extensive marketing of its products and services in order to create product awareness among the people. In addition to this, the company is also focusing on developing its products and services by focusing towards electronic media. (HBS, 2011).....................
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