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Srategic Management
SWOT Analysis - Strengths, Weaknesses, Opportunities,
and Threats
When conducting strategic planning for any company -
online and/or offline - it is useful to complete an analysis
that takes into account not only our own business, but
our competitor's businesses and the current business environment
as well. A SWOT is one such analysis.
Completing a SWOT analysis helps us identify ways to
minimize the affect of weaknesses in our business while
maximizing our strengths. Ideally, we will match our strengths
against market opportunities that result from our competitors’
weaknesses or voids.
Strengths
- Organic listings are a trusted source of information,
believed to be unbiased and indexed solely by the automated
methods of an objective third-party
- Natural search traffic provides a steady stream of
traffic over time
- Costs are frontloaded; once pages are optimized for
organic search, low ongoing maintenance fees make it
cost-efficient for marketers on a limited budget
Weaknesses
- Organic results can be unfocused in their content
and occasionally misconstrued through automation
- There's little control over which terms your pages
will be linked with or how well they get ranked
- Relatively low control over your listing copy - automated
technology decides what's displayed
- Organic listings have to be optimized well in advance
of the intended pay-off and require great insight to
production efforts down the road
- Engine requirements can be at odds with site design
and architecture; it is often difficult to present information
that is both accessible to search spiders and carefully
designed to influence consumer behavior
Opportunities
- Social media marketing
- New markets in different countries
- Onebox optimization
- customers with potential
- Enhanced Technology capabilities
- Video promotion
- Reputation management
- Ideas and execution
Threats
- No Guaranty of Success
- Continously changing Search Engine Algorithm
- Unscrupulous SEO firms hurting the name of the industry
- PPC Click-Fraud
- Competitors can easily engage in sabotage of their
rival's on-line marketing efforts
- If the ROI becomes untenable, SEM will lose favor
Strategic Decisions
In today's economy, the pressure is on for the marketing
department to improve upon results with a scaled back
budget If you are not already using ROI measurements to
guide your marketing investments, now is the time to do
so—but make sure you avoid these common errors that
can lead to poor decision-making. Many of these errors
are made by wellrespected, leading marketing companies
and consultants, so check your own internal measurements
carefully.
It is sometimes claimed that certain "strategic"
business objectives must override the financial analysis
that would guide marketing investments toward the greatest
profit. Strategic decisions could include customer satisfaction,
employee satisfaction, or service quality. However, since
businesses exist for the purpose of generating profits,
there is typically some financial benefit that is expected
to be derived in the future from these strategic decisions.
Developing assumptions as to the incremental value of
these decisions, or running an ROI analysis to determine
the results necessary to justify the strategic decisions,
will lead to better, fact-based investments from the marketing
budget.

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