Read more about sharing. West Ham will play at the Olympic Stadium from the season Deal of the century or a fitting legacy?
Similarly, it has continually enhanced its mutual relationship with its partners and sponsors such as AIG and other partners. This has guaranteed it a never ending support whenever it is needed. Strengths One of the greatest strengths of Manchester United is its brand recognition on the world market.
For example, if Manchester United came up with a new product, it will not struggle in selling it since its brand is well recognized among its fans across the globe.
Another strength of Manchester United arise from the fact that this team has been able to establish a broad network of fans, who through their buying of tickets are able to contribute highly to a rise in its revenues Thinking Made Easy Weaknesses Despite having strengths in its strategies, Manchester United has weaknesses too.
Among these is a fact that seems to have emerged whereby, due to a large fan and customer base, this team has introduced too many products in the market to exploit the available channels of income.
There is doubt whether there were consultations with fans as part of its stakeholders on the kind of products to be introduced in the market. On the other hand, it is difficult for this team to monitor and follow up on the products that are doing extremely well on the market resulting in high revenues and those that are not.
There is also of focus on football game and instead the company has concentrated more on its business earning. This is a weakness that can easily ground this team since the football game is its backbone Thinking Made Easy Opportunities There are various opportunities that are available to this company.
While it has been a challenge in venturing into the US market with its merchandise, Manchester United Company has been working on coalescing with the New York Yankees with an aim of not only promoting football in this country but of also introducing their precious merchandise on the US market, which would increase the risks if Manchester United ventured in this market alone Thinking Made Easy Threats However, it is important to recognize that the opportunities that are presented to Manchester United Company do not guarantee automatic success.
This is because it is not a monopoly in this market. There are other competitors in the market such as Arsenal, Liverpool and Chelsea who have for a very long time threatened to take the position held by this club in terms of financial growth, state of play and business.
It can also be noted that the English teams are not the only competitors. There are also the Spanish teams which have performed equally well on the market and can easily overtake Manchester United if there are no appropriate strategies that are laid in place.
Another threat to this team is its leadership. This is because of the current leadership has been trusted by the fans and other partners of this club and any transition can easily affect this team Thinking Made Easy Forecast the future performance of this company in the UK Manchester United has a bright future due to the position it has curved for itself in the market and also in the football arena.
Having been able to secure a large number of fans, this teams needs to work on how to convert these fans into merchandise customers. As a result of this, it stands a better chance of leading both in the field and in business.
On the other hand, there are various challenges that need to be tackled and fixed once and for all. Among them is the issue of financial debt that resulted from the owners of this club borrowing money from bank at a premium interest rate. According to the Telegraphthe Glazer family that bought this team through a loan from bank has to come up a strategy that would enable them to reduce borrowing and work on repaying the remaining amount of the loan.
Without doing this, Manchester United will land into financial problems. Conclusion The current economic challenges have not only affected the government but have also impacted negatively on different companies within the economies that are affected.
Among the economies is the United Kingdom with Manchester United as one of the company that has been impacted negatively by the current economic crisis.Thanks for your kind comments.
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Europe. Northern Irish DUP's Foster: PM May Should Ask EU for a Better Deal. The leader of the Northern Irish party which props up Prime Minister Theresa May's government said May should ask the.