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WEAKNESSES of Gourmet:
Gourmet is not focusing on promotion tools such as
advertisements.
High cost of production.
Limited distribution network.
No participation in social development.
Weak online presence.
Competitive Advantages or Competitors Analysis:
If you look at Gourmet Foods, it is a clear market at leader but still Gourmet has
competitors. Shezan is the competitor of Gourmet as it is one of the few stores
around which is catering the same market as gourmet is going. It also have well
established brand name and image. It is fully equipped with latest technology
and manufacturing plants, but it is only targeting small segments of the market.
It is not upgrading itself that is why in the race of capturing market it is staying
behind the market leader “Gourmet”. Some of the advantages are discussed
below:
Gourmet is its own supplier.
Gourmet is leading the costs by cutting the prices in accordance with
other industries.
Gourmet has a strong approach to customers.