Morrison PLC Strategic Business Analysis Porposal
The introduction of Company:
Morrison PLC is one of the biggest superstores in the UK market along with the greatest names like Tesco and Sainsbury. It is ranked no 4 in the supermarket chain of the UK, and it is serving the market with a chain of superstores in almost all the parts of UK. It started as a simple egg and butter stall but with the passage of time it expanded, and now it is ranked one of the top superstores in the UK with approximately 600 stores. Its headquarters is basically in Bradford, and its primary strategy is based on the price competitiveness (Morrison, 2014).
Industry and Competition
The industry completion and market can be understood with the two frameworks including PEST and 5 Forces of Porter.
PEST Analysis
The political factors are important, and they are directly influencing the industry because the government has introduced special policies for the food industry to make and sell the healthier products for the customers to reduce the obesity issues (Slideshare, 2014).
The Economic situation of the UK has currently shifted the customers ’ perception to buy the cost effective products, so it is also affecting the strategies of the superstores (Ivory research, 2014).
The social factor is more concerned with demographics and UK market is full of aged people with fewer children or youngsters which mean segmentation should be part of Morrison strategy (Index Mundi, 2103).
Technology in the supermarkets is becoming advance with the passage of time, and recent development has made the introduction of IT in grocery section as well (Sky News, 2014) .
5 Forces Model
There are very few threats of the new entrant because the big giants have already established the foothold in the market like Morrison cost competitive strategy.
The threat of substitute product is high because the competition is high and Tesco is keen to introduce innovative products.
There is less power of suppliers because the most of the operations are in-house and plenty of options available for superstores.
The competition is very intense in the market, and it can be seen from the market share of each superstore in the chart.
Bargaining power of customer is high because there are plenty of substitutes available to them.
Strategic Position and Potential
The strategic position of the Morrison can be analyzed suing the SWOT framework and some critical success factors.
The acquisition of the Safeway in the past is one of the strengths of Morrison because it has helped it to capture a significant portion of the market and retain the customers. It shows that its shares are increasing slowly. The cost competitiveness of the Morrison is also a strength because customer are likely to be attracted to it and it is a critical success factor of the Morrison as well (BBC, 2014).
Less number of stores as compared to the other competitors is a drawback of the Morrison, and its performance of outbound logistics is also a weakness for it (Morrison, 2011).
There is an opportunity for the Morrison to expand its operations with the acquisition of additional 750k space that would help to capture the other customers (Morrison, 2014).
Morrison should continue to work on the cost efficiencies because the new entrants like Aldi can be beaten with this strategy as new entrants are less experienced in this market. The strategies should be designed to comply with the government factors and as per the social needs like foods healthy for old citizens which would help to gain the more market share. The expansion should be carried out as it can give a real advantage over Asda because the stores are relatively similar in numbers.
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