First Bank Nigeria Plc SWOT Analysis

First Bank Nigeria Plc SWOT Analysis

Strengths

Customer Loyalty (First Bank Nigeria Plc) When given a choice, customers are loyal to First Bank Nigeria Plc. Instead of targeting all...
Economies of Scale (First Bank Nigeria Plc) Economies of scale is the cost advantages that First Bank Nigeria Plc obtains due to size. The...
Brand Name (First Bank Nigeria Plc) A strong brand name is a major strength of First Bank Nigeria Plc. This gives First Bank Nigeria Plc...
Strong Management (First Bank Nigeria Plc) Strong management can help First Bank Nigeria Plc reach its potential by utilizing strengths and...

Weaknesses

Outdated Technology (First Bank Nigeria Plc) A lack of proprietary technology and patents can hurt First Bank Nigeria Plc’s ability to compete...
High Staff Turnover (First Bank Nigeria Plc) High staff turnover can hurt First Bank Nigeria Plc’s ability to compete, because replacing valuable...
Weak R&D (First Bank Nigeria Plc) Weak R D can slow First Bank Nigeria Plc’s growth as competitors out-innovate First Bank Nigeria...
Weak Supply Chain (First Bank Nigeria Plc) A weak supply chain can delay the arrival of products to First Bank Nigeria Plc’s customers....
Tarnished Reputation (First Bank Nigeria Plc) A tarnished reputation can hurt First Bank Nigeria Plc’s brand in the eyes of a consumer…

Opportunities

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Online Market (First Bank Nigeria Plc) The online market offers First Bank Nigeria Plc the ability to greatly expand their business. First...
New Services (First Bank Nigeria Plc) New services help First Bank Nigeria Plc to better meet their customer’s needs. These services can...
Innovation (First Bank Nigeria Plc) Greater innovation can help First Bank Nigeria Plc to produce unique products and services that meet...
Emerging Markets (First Bank Nigeria Plc) Emerging markets are fast growing regions of the world that enable First Bank Nigeria Plc to quickly...
New Products (First Bank Nigeria Plc) New products can help First Bank Nigeria Plc to expand their business and diversity their customer...
New Markets (First Bank Nigeria Plc) New markets allow First Bank Nigeria Plc to expand their business and diversify their portfolio of...
International Expansion (First Bank Nigeria Plc) International markets offer First Bank Nigeria Plc new opportunities to expand the business and...

Threats

Bad Economy (First Bank Nigeria Plc) A bad economy can hurt First Bank Nigeria Plc’s business by decreasing the number of potential...
Volatile Currencies (First Bank Nigeria Plc) Volatile currencies make First Bank Nigeria Plc’s investments difficult, because costs and revenues...
Govt Regulations (First Bank Nigeria Plc) Changes to government rules and regulations can negatively affect First Bank Nigeria Plc…
Change in Tastes (First Bank Nigeria Plc) Consumers can change their tastes very quickly. First Bank Nigeria Plc depends on knowing which...
Political Risk (First Bank Nigeria Plc) Politics can increase First Bank Nigeria Plc’s risk factors, because governments can quickly change...
Substitute Products (First Bank Nigeria Plc) The availability of substitute products hurts First Bank Nigeria Plc’s ability to raise prices,...

First Bank Nigeria Plc SWOT Analysis Profile

Additional Information

What is a SWOT Analysis? It is a way of evaluating the strengths, weaknesses, opportunities, and threats that affect something. See WikiWealth's SWOT tutorial for help. Remember, vote up the most important comments. Check out WikiWealth's entire database of free SWOT reports or use our SWOT analysis generator to create your own SWOT template.

SWOT Conclusion

Strengths + Opportunities = 13

Threats + Weaknesses = 12

… A history of overcoming weaknesses makes it difficult for other firms to exploit their difficulties. The ability to capitalize on opportunities get rewarded with higher profits and lower costs.

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