Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi
Vol. 3 No. 1 (2024): Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi

EVALUATION OF THE POULTRY INDUSTRY BUSINESS USING SWOT AND PESTEL ANALYSIS

Anggraini, Novita Dwi (Unknown)
Khalid, Zulvia (Unknown)



Article Info

Publish Date
30 Aug 2024

Abstract

This study examines the business of Ingham's Group Limited, a major player in Australia's poultry industry, using SWOT and PESTEL analysis. The SWOT analysis reveals Ingham's strengths including a strong industry reputation and diverse product range. However, weaknesses include reliance on domestic markets and high production costs. Opportunities include growing demand for healthy products, foreign market development, and product innovation. Threats include intense competition and changing raw material costs. Political factors, such as international trade policies and health and food safety laws, significantly impact the company's operations. Economic factors, such as foreign exchange rates and global economic conditions, also influence financial success. Social factors, such as consumer preferences for healthier products and demographic changes, also influence demand. Technological considerations include automation technology and product development. Legal considerations, including animal welfare, health and safety, and environmental legislation, also impact the company's business plan. Strategic recommendations include product diversification, market expansion, operational efficiency, branding, and sustainability commitment.

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Journal Info

Abbrev

neraca

Publisher

Subject

Economics, Econometrics & Finance

Description

Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi, adalah jurnal nasional peer-review yang diterbitkan oleh Komunitas Menulis dan Meneliti (Kolibi). Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi membahas ekonomi dan bisnis dalam ruang lingkup yang luas. Tim redaksi menyambut baik seluruh masyarakat, ...