Swot Analysis

SWOT Analysis

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SWOT Analysis

Opportunities

There are various external and developmental factors that DJI Drone can influence to improve the current position of a market and further expand the market ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"74vGgPiG","properties":{"formattedCitation":"(\\uc0\\u8220{}Da Jiang Innovations (DJI),\\uc0\\u8221{} n.d.)","plainCitation":"(“Da Jiang Innovations (DJI),” n.d.)","noteIndex":0},"citationItems":[{"id":413,"uris":["http://zotero.org/users/local/CKNkWnK9/items/GFIA7QK7"],"uri":["http://zotero.org/users/local/CKNkWnK9/items/GFIA7QK7"],"itemData":{"id":413,"type":"webpage","title":"Da Jiang Innovations (DJI): The Rise of the Drones ^ NTU139","container-title":"HBR Store","abstract":"Buy books, tools, case studies, and articles on leadership, strategy, innovation, and other business and management topics","URL":"https://store.hbr.org/product/da-jiang-innovations-dji-the-rise-of-the-drones/NTU139","title-short":"Da Jiang Innovations (DJI)","language":"en","accessed":{"date-parts":[["2019",11,30]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (“Da Jiang Innovations (DJI),” n.d.). Numerous opportunities may arise from factors such as radical expansion and policy alterations, technical novelties, elevation of purchaser disposable revenue, financial development, and variations in purchaser inclinations.

Dropping the cost of Market Penetration and Business into the Global Market

Factors that contribute towards a drop in the cost of market penetration and business in the global market are mainly urbanization and improvement in the social and digital industry as indicated by Wee Kiat Lim, Yi Zeng and Wei Fong Bo ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"ppx14Hoi","properties":{"formattedCitation":"(\\uc0\\u8220{}Da Jiang Innovations (DJI),\\uc0\\u8221{} n.d.)","plainCitation":"(“Da Jiang Innovations (DJI),” n.d.)","noteIndex":0},"citationItems":[{"id":413,"uris":["http://zotero.org/users/local/CKNkWnK9/items/GFIA7QK7"],"uri":["http://zotero.org/users/local/CKNkWnK9/items/GFIA7QK7"],"itemData":{"id":413,"type":"webpage","title":"Da Jiang Innovations (DJI): The Rise of the Drones ^ NTU139","container-title":"HBR Store","abstract":"Buy books, tools, case studies, and articles on leadership, strategy, innovation, and other business and management topics","URL":"https://store.hbr.org/product/da-jiang-innovations-dji-the-rise-of-the-drones/NTU139","title-short":"Da Jiang Innovations (DJI)","language":"en","accessed":{"date-parts":[["2019",11,30]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (“Da Jiang Innovations (DJI),” n.d.).

Improvement in Artificial Intelligence

To allow the better prediction of customer demand, providing to the slot fragments and formulating enhanced engine recommendations, DJI Drone must take measures to improve the Artificial Intelligence ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"5Ep0hwuo","properties":{"formattedCitation":"(\\uc0\\u8220{}Global Drones Market Innovative Growth With SWOT Analysis And Forecast From 2018-2028\\uc0\\u8212{}MarketWatch,\\uc0\\u8221{} n.d.)","plainCitation":"(“Global Drones Market Innovative Growth With SWOT Analysis And Forecast From 2018-2028—MarketWatch,” n.d.)","noteIndex":0},"citationItems":[{"id":417,"uris":["http://zotero.org/users/local/CKNkWnK9/items/FJXJNG4E"],"uri":["http://zotero.org/users/local/CKNkWnK9/items/FJXJNG4E"],"itemData":{"id":417,"type":"webpage","title":"Global Drones Market Innovative Growth With SWOT Analysis And Forecast From 2018-2028 - MarketWatch","URL":"https://www.marketwatch.com/press-release/global-drones-market-innovative-growth-with-swot-analysis-and-forecast-from-2018-2028-2019-08-02","accessed":{"date-parts":[["2019",11,30]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (“Global Drones Market Innovative Growth With SWOT Analysis And Forecast From 2018-2028—MarketWatch,” n.d.).

Worldwide Talent Access in the Global Market

Due to an inadequate financial plan, DJI Drone is confronted with the challenges of limited access to the worldwide talent market. Via expanding its expertise into the international market, DJI Drone would be able to access the high standard talent market. It has been indicated by studies that it would further contribute towards fetching the endowment into the local industry and improving its services in the fields of Information Technology, invention, and policy making ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"X4TIQ4L6","properties":{"formattedCitation":"(\\uc0\\u8220{}DJI Dominates the Friendly Skies,\\uc0\\u8221{} 2017)","plainCitation":"(“DJI Dominates the Friendly Skies,” 2017)","noteIndex":0},"citationItems":[{"id":418,"uris":["http://zotero.org/users/local/CKNkWnK9/items/7QCPYHSM"],"uri":["http://zotero.org/users/local/CKNkWnK9/items/7QCPYHSM"],"itemData":{"id":418,"type":"post-weblog","title":"DJI Dominates the Friendly Skies: A SWOT Analysis.","container-title":"A Marketing Noob","abstract":"image of DJI Phantom Drone Drones, though still overwhelming prevalent in military application, are seeing increasing integration into the civilian and commercial sectors. And in these markets, one…","URL":"https://nmartinmcad.wordpress.com/2017/02/22/dji-dominates-the-friendly-skies-a-swot-analysis/","title-short":"DJI Dominates the Friendly Skies","language":"en","issued":{"date-parts":[["2017",2,22]]},"accessed":{"date-parts":[["2019",11,30]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (“DJI Dominates the Friendly Skies,” 2017).

Elevation of Purchaser Disposable Revenue

It will be a good approach to allow purchasers to pay more for the merchandise that they use with time. For this purpose, DJI can make an innovative design which can make use of elevated disposable revenue. This has been favored by case study according to which, DJI drone can utilize this strategy to further progress in the fields of Information technology, invention and policy making ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"Zc08Ivxn","properties":{"formattedCitation":"(\\uc0\\u8220{}Da Jiang Innovations (DJI),\\uc0\\u8221{} n.d.)","plainCitation":"(“Da Jiang Innovations (DJI),” n.d.)","noteIndex":0},"citationItems":[{"id":413,"uris":["http://zotero.org/users/local/CKNkWnK9/items/GFIA7QK7"],"uri":["http://zotero.org/users/local/CKNkWnK9/items/GFIA7QK7"],"itemData":{"id":413,"type":"webpage","title":"Da Jiang Innovations (DJI): The Rise of the Drones ^ NTU139","container-title":"HBR Store","abstract":"Buy books, tools, case studies, and articles on leadership, strategy, innovation, and other business and management topics","URL":"https://store.hbr.org/product/da-jiang-innovations-dji-the-rise-of-the-drones/NTU139","title-short":"Da Jiang Innovations (DJI)","language":"en","accessed":{"date-parts":[["2019",11,30]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (“Da Jiang Innovations (DJI),” n.d.).

Variations in Purchaser Inclinations and Enhanced Industry Scope

The biggest challenges encountered by DJI are retaining loyal customers and dealing with new customers. To successfully overcome these challenges, DJI must produce variations in their merchandise based on customers’ inclination ADDIN ZOTERO_ITEM CSL_CITATION {"citationID":"QwF5rKOI","properties":{"formattedCitation":"(\\uc0\\u8220{}Drone Market Research By Size, Share, Growth and Trends By 2028| MRFR,\\uc0\\u8221{} n.d.)","plainCitation":"(“Drone Market Research By Size, Share, Growth and Trends By 2028| MRFR,” n.d.)","noteIndex":0},"citationItems":[{"id":415,"uris":["http://zotero.org/users/local/CKNkWnK9/items/YUW32JFM"],"uri":["http://zotero.org/users/local/CKNkWnK9/items/YUW32JFM"],"itemData":{"id":415,"type":"webpage","title":"Drone Market Research By Size, Share, Growth and Trends By 2028| MRFR","abstract":"Drones Market is Growing at CAGR of 20.18% and Expected to Touch USD 129,300 Mn By 2028; Drones Industry Research By Type , Capability, Capacity, Application, Industry, Component and Region | Global Drones Market","URL":"https://www.marketresearchfuture.com/reports/drones-market-1124","accessed":{"date-parts":[["2019",11,30]]}}}],"schema":"https://github.com/citation-style-language/schema/raw/master/csl-citation.json"} (“Drone Market Research By Size, Share, Growth and Trends By 2028| MRFR,” n.d.).

References

ADDIN ZOTERO_BIBL {"uncited":[],"omitted":[],"custom":[]} CSL_BIBLIOGRAPHY Da Jiang Innovations (DJI): The Rise of the Drones ^ NTU139. (n.d.). Retrieved November 30, 2019, from HBR Store website: https://store.hbr.org/product/da-jiang-innovations-dji-the-rise-of-the-drones/NTU139

DJI Dominates the Friendly Skies: A SWOT Analysis. (2017, February 22). Retrieved November 30, 2019, from A Marketing Noob website: https://nmartinmcad.wordpress.com/2017/02/22/dji-dominates-the-friendly-skies-a-swot-analysis/

Drone Market Research By Size, Share, Growth and Trends By 2028| MRFR. (n.d.). Retrieved November 30, 2019, from https://www.marketresearchfuture.com/reports/drones-market-1124

Global Drones Market Innovative Growth With SWOT Analysis And Forecast From 2018-2028—MarketWatch. (n.d.). Retrieved November 30, 2019, from https://www.marketwatch.com/press-release/global-drones-market-innovative-growth-with-swot-analysis-and-forecast-from-2018-2028-2019-08-02