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Strategic Analysis for Deep Sea World (North Queensferry, Edinburgh) - Essay Example

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A research on the Deep Sea Water attraction in Edinburgh is conducted to analyse its strategic position in the market and its…
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Strategic Analysis for Deep Sea World (North Queensferry, Edinburgh)
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Strategic Analysis for Deep Sea World (North Queensferry, Edinburgh)

Alongside, the analysis also revealed that the company has to re-engineer its visitor experience that is over decade old in order to increase the number of visitors and market share in the UK leisure industry.
The PEST analysis on the external factors influencing the business revealed that the company has to review its pricing policies and control costs in order to gain competitive advantage in the business. Furthermore, the analysis also revealed that the company meets most of the external factors like health and safety, etc making it evident that the company has a strong position in the target market and has strong future prospects for growth.
Attractions for leisure and recreation in the UK are increasing in geometric progression as argued by Isla Gower (2004). The increase in the driving habits of the people in UK with the increasing demand for new attractions has increased the need for an innovative and customer focused approach to this business segment of the leisure industry. In this report a critical Strategic analysis on the Deep Sea World attraction of Edinburgh is presented to the reader.
1.1.1: Objective 1: The report comprises of the SWOT analysis of the organization identifying the areas where the company should focus for increasing its potential in the business. The SWOT analysis also facilitates the ability to identify the company’s current position in the market, which is essential to accomplish strategic decisions for the organization.
1.1.2: Objective 2: Alongside in order to identify the external factors influencing the business are analysed using the PEST analysis where the Political, Economic, Social and Technological factors external to the business is presented to the reader.
The aforementioned mission statement identified from the organization’s core strategies makes it clear that the company strives to ... Read More
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