VALMONT INDUSTRIES’ SWOT ANALYSIS First and Last Name 16th September 2022 Executive Summary Key Recommendations Apply Invest Product Differentiation strategy in market research and development activities. Background of Valmont Industries History of Valmont Industries Mission statement Major products and services offered Markets that Valmont Industries serve Internal Strengths Strong dealer community High quality products Reliable suppliers Workplace diversity Internal Weaknesses Improper and inefficient financial planning Not good at forecasting product demand that results to a lot missed opportunities as compared to its competitors. Inability to meet client’s needs and expectations Poor customer service External Opportunities Social media marketing and e-commerce trends Advancement of technology Population growth Reduced interest rates External Threats Shortage of skilled labor in the global market Lack of regular supply of innovative products Stiff competition Globalization Macro Environment Analysis: PESTEL Political Economic Sociocultural Technological Environmental Legal Micro Industry Analysis: Porter’s Five Forces • • • • • Competitive rivalry Threats of new entrants Threats of substitute Bargaining power of suppliers Bargaining power of customers Generic Strategy Recommendations Product Differentiation strategy :Valmont Industries need to continuously make its products and services more attractive and different from its competitors. Invest in market research and development activities. Organization Design Recommendations Fit between strategy and structure Ethical Considerations Sustainability practices Support for Diversity References Bruijl, D., & Gerard, H. T. (2018). The relevance of Porter's five forces in today's innovative and changing business environment. Available at SSRN 3192207. Eades, K. M., Caver, J., & HEades, K. M., Caver, J., & Hill, J. (2017). Valmont Industries, Inc. Darden Business Publishing Cases.ill, J. (2017). Valmont Industries, Inc. Darden Business Publishing Cases. Omer, S. K. (2019). SWOT ANALYSIS IMPLEMENTATION’S SIGNIFICANCE ON STRATEGY PLANNING. Journal of process management and new technologies, 7(1). Samusenko, A. S., Plaskova, N. S., & Prodanova, N. A. (2020). The analysis of the external environment to determine the practical focus of applied research and development in the framework of innovation. In Complex Systems: Innovation and Sustainability in the Digital Age (pp. 245-255). Springer, Cham.