Progressive Insurance SWOT Analysis

Progressive Insurance SWOT Analysis

Strengths

Strong Management - Progressive Insurance Strong management can help Progressive Insurance reach its potential by utilizing strengths and...
Pricing Power Customers typically rebel against price increases by switching to competing products, but if a...
Financial Leverage Financial leverage allows Progressive Insurance to use their balance sheet to expand their business...
Unique Products Unique products help distinguish Progressive Insurance from competitors. Progressive Insurance can...
Brand Name A strong brand name is a major strength of Progressive Insurance. This gives Progressive Insurance...
Customer Loyalty When given a choice, customers are loyal to Progressive Insurance. Instead of targeting all...
Size Advantages - Progressive Insurance Size advantages lower Progressive Insurance’s risks. The larger Progressive Insurance gets, the more...
Technology Superior technology allows Progressive Insurance to better meet the needs of their customers in ways...

Weaknesses

Work Inefficiencies An inefficient work environment means that Progressive Insurance’s goods and services are not being...
Customer Service Weak customer service hurts Progressive Insurance’s reputation and causes customers to flee to...
Progressive Insurance Lack of Scale A lack of scale means Progressive Insurance’s cost per unit of output is very high. Increasing...
Cost Structure - Progressive Insurance A weak cost structure means Progressive Insurance’s costs are high in comparison to their...

Opportunities

Innovation Greater innovation can help Progressive Insurance to produce unique products and services that meet...
Online Market The online market offers Progressive Insurance the ability to greatly expand their business....
New Products New products can help Progressive Insurance to expand their business and diversity their customer...
New Services - Progressive Insurance New services help Progressive Insurance to better meet their customer’s needs. These services can...
New Markets New markets allow Progressive Insurance to expand their business and diversify their portfolio of...
International Expansion International markets offer Progressive Insurance new opportunities to expand the business and...

Threats

Bad Economy A bad economy can hurt Progressive Insurance’s business by decreasing the number of potential...
Political Risk Politics can increase Progressive Insurance’s risk factors, because governments can quickly change...
Intense Competition Intense completion can lower Progressive Insurance’s profits, because competitors can entice...
Volatile Costs Volatile costs mean Progressive Insurance has to plan for scenarios where costs skyrocket. Cautious...
Volatile Revenue Volatile revenue makes planning difficult, which could delay key investments in Progressive...
Substitute Products - Progressive Insurance The availability of substitute products hurts Progressive Insurance’s ability to raise prices,...

Progressive Insurance 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.

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