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Haigh's Chocolates

Satisfactory Essays

SWOT Analysis
Strengths
High Quality Products Strong brand image Attractive Packaging Tours to the factory Weaknesses Premium pricing Lower market share
Opportunities
Market development Diversification strategy in their product line Developing of kiosk marketing Change in marketing mix strategies Threats Awareness about health consciousness among the young people. Increased competition Good quality maintenance is a challenge

Strengths-
1. High quality means the raw cocoa beans extracted from the UTZ certified plants from different parts of the world and it is hand wrapped which increases the features of the chocolates.
2. Strong brand image refers to the different ways they are making and promoting their products and engage in sustainable practices has turned Haigh’s very popular.
3. …show more content…

Strong brand image refers to the different ways they are making and promoting their products and engage in sustainable practices has turned Haigh’s very popular.
3. The chocolates are bundled in beautiful hand wrapped package that draws customer’s attention.
4. Tours to the factory are available for the public to see the making of chocolate and experience the quality of Haigh’s chocolate.
Weaknesses
1. The chocolates are highly priced compared to the other popular chocolate brands.
2. As they are locally based chocolate firm, so they have a low market share compared to the other international chocolate brands.
Opportunities
1. Haigh’s has a lot of scope to develop their market and go for expansion by increasing their product line and by dong business globally.
2. They can introduce new product lines like coffee, soft toys, skin care products etc to diversify their business.
3. To avoid queues in the stores ‘kiosk marketing’ can be used to help the customers purchase directly without the assistance of the shopkeepers.
4. New addition in the product line, changes in the promotional technique and distribution centers can help Haigh’s to gain more market

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