Lego Circumstance Analysis

 Lego Case Analysis Dissertation

Introduction

The objective of this paper is to perform a case analysis over the Lego brand. We now have evaluated the organization to find all their strengths and weaknesses to discover a problem with inside the organization. After deciding on the condition several alternatives were released. One was decided on by group and then steps were created to create a policy for implementation and also goals to reach within an evaluation period. Background

LEGO opened during the 1930s in 1932 by Danish carpenter Ole Kirk Kristiansen. Some of the initially toys what were made are not LEGOS yet were truly yo-yos, wood made blocks, shlep animals, and wooden cars. Kristiansen is convinced that " only the best is good enough”. The company identity LEGO was created in 1934 when Kristiansen held a friendly competition among the list of workshop employees to help brand the company. Their prize was a bottle of wine, which usually Kristiansen received himself. SEGLAR was the initial company in Denmark to ever buy a plastic molding machine. This kind of machine was used to create seafood shaped baby rattles. The first actual LEGOs are not produced right up until 1949 and were first called Programmed Binding Stones. The idea lurking behind LEGO was going to encourage imaginative opportunities for children all across the world. This is done by building a series of twenty eight building models, eight automobile sets, and decorations like trees persons, and highway signs. " Our idea is to make a toy that prepares the kid for life, attracts the creativeness and builds up the innovative urge and joy of creation which might be the power in every man being” (Daniel Lipkowitz). Nevertheless LEGO has become a successful firm for many years today, some complications have occured. The acquisition of Marvel Entertainment by the Walt Disney Business created major implications for valuable gadget license contracts. LEGO got lost an extended legal struggle with MEGA Brands with a European Union court decision that taken off LEGO's stone trademark. Hasbro was preparing to inter the market with the release of their cool product line known as Kre-O. SWOT Analysis (Situation Analysis)

Interior Environment

Talents

1 . Each and every brick in the Lego family fits together, producing the prevents from several sets interchangeable. This adds to brand commitment by giving the customer standards. 2 . Lego is a family manufacturer, all products work together and the name is used on all products. 3. Lego is usually family owned and run, setting up a strong quest and company set of beliefs on how goods are made Weak points

1 ) Revenues dropped 30% in 2003, and another 10% in 2005 due to backstage manufacturing and distribution internationally. 2 . Layers of complexity had been added due to expansion and put stress on the businesses. 3. More elaborate models had been significantly less profitable, as new products have been released. Designers were not providing full thought to the cost of production. 4. Resources had been going to waste materials, and causing inefficiencies. Dangers

Competitive

1 . A lot of competitors attended out with similar items that have brought on LEGO to get rid of its competitive advantage. 2 . Some competitors include K'NEX, Tyco extremely blocks, ULTRA blocks and Hasbro. Legal

1 . SEGLAR lost an 11 season court struggle in the European court in which the court reigned over that PROFANO could not trademark the shape of their bricks. Chances

Social

1 . LEGO has established a niche on the internet along with having video games and movies all created using the family brand. 2 . The LEGO Company has created an instrument to create a excitement and attract more consumers to the web site by having a building tool to let customers to develop their own designs and determining the cost and amount of bricks. several. Lego has many licensing legal rights to films and TV shows, creating niche products including the Star Wars, Harry Potter, Batman and DC Superhero Lego sets. It creates a demand for the merchandise. Definition of Trouble

With fresh competition coming into the market, SEGLAR needs to look for a...


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