Ralph Lauren Swot Analysis

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SWOT Analysis Strengths The internal assessment of an organization begins by identifying the company’s strengths. A company has a competitive advantage over rivals when it is able to implement value-creating strategies using its own resources, capabilities, and core competencies. Ralph Lauren has successfully aligned their core competencies in order to meet demands from their customers and maintain a sustainable competitive advantage over competitors. Distinct Image and High Brand Recognition: Ralph Lauren is one of the most recognized brands in the world due to its premium product lines. With such recognition, Ralph Lauren has been able to expand its product offerings from not only men and women’s apparel, but also into jewelry, fragrances, and home furnishings. With their brand image being consistently developed across an expanding number of markets, Ralph Lauren comprises one of the most widely recognized families of consumer brands (Annual Report). Not only is the brand name ‘Ralph Lauren’ world renown, but also the Polo emblem of a man on horseback with polo stick in hand is very highly regarded in the fashion world. Ralph Lauren himself stated that he was interested in, “style, but not flamboyance, but sophistication, class and an aristocratic demeanor” (Funding Universe). With such a substantial influence on the way people dress, Ralph Lauren has and continues to have strong consumer following with extremely loyal customers. Leader in Design, Marketing, and Distribution: Ralph Lauren is a worldwide leader in the design, marketing, and distribution of high quality lifestyle products. With their global reach, extensive product line, and multi-channel distribution, Ralph Lauren has a unique position among luxury apparel companies (Annual Report). Design: All Ralph Lauren products are designed by, or under the direction of, Mr. Ralph Lauren. Along with

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