Deloitte is a professional service-providing service-providing British multinational company. William Welch Deloitte founded the service-providing firm in 1845. Today, we’ll discuss the SWOT analysis of Deloitte; it outlines strengths and weaknesses; opportunities and threats that the company has to face; as a business strategy analysis example company.
Products and services portfolio of Deloitte
- Legal
- Tax
- Risk advisory
- Financial advisory services
- Management consulting
- Auditing services
Statistical facts and figures of Deloitte
- Annual revenue – 64.9 billion USD (2023)
- Growth rate – 9.4%
- Employees – 457000
Competitors of Deloitte
- PwC
- KMPG
- EY
- Bain & Company
- Capgemini
- Wipro
- PricewaterhouseCoopers
- IBM
- Accenture
The SWOT analysis of Deloitte would analyze the internal strengths and weaknesses of the company; and external opportunities and threats that the brand has to face. Here’s Deloitte SWOT analysis as a business strategy analysis example company as follows;
Strengths of Deloitte
Some of the main internal strengths in the Deloitte SWOT analysis example company as business strategy analysis are as follows;
Variety of Services
Deloitte has developed a well-diversified product and services portfolio ranging from consultation, advisory, auditing, account, tax, legal, and other professional services. Well-diversified product and service portfolio helps the company target various segments of customers with diverse needs and requirements.
Large Network
According to an estimate, Deloitte has employed over 457000 employees and the professional service-providing brand is operating its business in roundabout 150 countries across the globe. The worldwide network of employees further amplifies the company’s capabilities in managing and dealing with various types, sizes, and scales of crisis events and incidents.
Recognized Brand
Deloitte is one of the top five brands in the professional service industry. The company has earned a strong brand name and reputation in the global professional service market. A recognized brand name helps the company to attract new clients and earn their trust and confidence easily.
Sponsorship
Deloitte has sponsored various mega-sporting events around the world. The sponsorships of global events give significant brand exposure to the professional service-providing brand and it amplifies their strength in the market. Some of the main events Deloitte has sponsored over the years are as follows;
- Football Association of Singapore
- McLaren Racing
- Edinburgh University Hockey Club
- Super GT Series
- Summer Youth Olympics
Experience & Expertise
Deloitte has been operating its business in the professional service-providing business market for the past over 180 years. Centuries of decades of experience and a network of professional expertise allow the company to efficiently resolve various types of issues and problems.
Technology Innovation
Deloitte invests a significant amount of capital resources in technological innovation and the development of advanced technology. Having state-of-the-art technology, software, tools, and equipment allows the company to manage various types of conflicts and issues efficiently.
Weaknesses of Deloitte
Some of the main internal weaknesses in the Deloitte SWOT analysis example company as business strategy analysis are as follows;
Conflict of Interests
Deloitte offers a wide range of professional services to clients. Sometimes, increasing the skill, expertise, and technological up-gradation of client companies would bring them in direct competition with the service-providing firm.
No Work-Life Balance
Deloitte is always working on a strict deadline and managing a crisis situation of client companies. The company’s employees are working roundabout without any breaks in a highly tense and pressurizing working environment. However, no work-life balance would negatively impact the health and mental state of its employees and workers.
Opportunities for Deloitte
Some of the main available opportunities in the Deloitte SWOT analysis example company as business strategy analysis are as follows;
Market Expansion
There is no doubt Deloitte is operating its business in over 150 countries across the world, but there is still room for growth and market expansion. Asian, Southeast Asian, Australian, African, Middle Eastern and Indian markets hold significant growth potential. Expanding its business in those markets would help the company to amplify its market share.
Upskilling & Reskilling
Deloitte should keep upskilling and reskilling the professional expertise of its employees and workers. It is because the company is operating its business in a highly competitive environment. Any type of competitive edge would help the company to gain a competitive edge in the market.
Strategic Alliance
Deloitte should acquire, merge, and develop strategic alliances with other professional service firms in other cities, countries, and markets worldwide. The joint venture and sharing of capital resources allow the brand to improve its professional skills and expertise.
Innovation
Technological innovation and research and development are keys to growth, productivity, conflict resolution, and crisis management. When Deloitte has access to innovative technology, tools, and equipment; then it amplifies its capabilities to resolve various types of conflicting and crisis events.
Threats to Deloitte
Some of the main potential threats in the Deloitte SWOT analysis example company as business strategy analysis are as follows;
Tough Competition
The professional service-providing market has become highly competitive over the years. Deloitte is facing tough competition from competitors like PwC, KMPG, and EY. They have earned a significant market share and their presence made it difficult for the firm to maintain its market position.
Regulations
Government regulations and legal requirements are very strict for professional service-providing companies. Often, they are working on the narrow margin line of the law, because any type of mistake would make them accountable to the court of the law.
Conclusion: Deloitte SWOT Analysis Example Company |SWOT Analysis of Deloitte |Business Strategy Analysis
After an in-depth study of the swot analysis of Deloitte; we have realized that Deloitte is the world’s leading professional service-providing brand. If you are learning about Deloitte SWOT analysis example company; then you should keep in mind the abovementioned internal strengths and weaknesses; external opportunities and threats as brand strategy analysis.
Ahsan Ali Shaw is an accomplished Business Writer, Analyst, and Public Speaker. Other than that, he’s a fun loving person.
