Expanding Its Successful One For One Business Model” in your Connect textbook.

Sample Solution

The components of the external environment that could impact TOMS Shoes' ability to realize their vision include:

• Economic factors: The global economy is becoming increasingly interconnected, which means that TOMS Shoes is exposed to economic fluctuations in other countries. For example, if there is a recession in a major market, this could lead to decreased demand for TOMS Shoes.
• Technological factors: Technological advances are changing the way people shop and consume goods. For example, the rise of online shopping could make it more difficult for TOMS Shoes to compete with larger retailers.

Full Answer Section

• Social factors: Social trends, such as the growing awareness of sustainability, could impact TOMS Shoes' business. For example, if consumers become more interested in buying sustainable products, this could benefit TOMS Shoes.
• Political factors: Changes in government regulations could impact TOMS Shoes' business. For example, if a new law is passed that makes it more difficult to import goods, this could make it more difficult for TOMS Shoes to sell their products.

Who are TOMS Shoes' major competitors?

TOMS Shoes' major competitors include:

• Warby Parker: Warby Parker is a company that sells eyeglasses. They have a similar business model to TOMS Shoes, in that they donate a pair of glasses to someone in need for every pair that they sell.
• Allbirds: Allbirds is a company that sells shoes made from sustainable materials. They have a similar target market to TOMS Shoes, in that they appeal to consumers who are interested in social responsibility.
• Tomss: Tomss is a Chinese company that copied TOMS Shoes' business model. They sell shoes and donate a pair of shoes to someone in need for every pair that they sell.

What other factors are affecting the growth of TOMS Shoes?

Other factors that are affecting the growth of TOMS Shoes include:

• The popularity of social media: Social media has helped to spread the word about TOMS Shoes and their mission. This has led to increased demand for their products.
• The growing awareness of sustainability: As consumers become more aware of the environmental impact of their purchases, they are more likely to choose brands that are committed to sustainability. This could benefit TOMS Shoes, as they have a strong commitment to sustainability.
• The rise of e-commerce: The rise of e-commerce has made it easier for TOMS Shoes to reach a global audience. This has helped to increase their sales.

What internal factors must be considered for TOMS Shoes to achieve its vision and mission?

The following internal factors must be considered for TOMS Shoes to achieve their vision and mission:

• Product quality: TOMS Shoes must continue to produce high-quality shoes that consumers want to buy.
• Marketing and sales: TOMS Shoes must continue to market their products effectively and reach a global audience.
• Sustainability: TOMS Shoes must continue to be committed to sustainability and ensure that their products are made from sustainable materials.
• Corporate social responsibility: TOMS Shoes must continue to be a responsible company and give back to the communities they serve.

What are some of TOMS Shoes' strengths and weaknesses?

Some of TOMS Shoes' strengths include:

• Strong brand image: TOMS Shoes has a strong brand image that is associated with social responsibility and sustainability.
• Commitment to sustainability: TOMS Shoes is committed to sustainability and uses sustainable materials in their products.
• Global reach: TOMS Shoes has a global reach and sells their products in over 70 countries.

Some of TOMS Shoes' weaknesses include:

• High prices: TOMS Shoes' shoes are relatively expensive, which could make them less appealing to some consumers.
• Competition: TOMS Shoes faces competition from other companies that sell similar products.
• Supply chain issues: TOMS Shoes has experienced supply chain issues in the past, which has led to delays in shipping products.

What challenges or threats might TOMS Shoes face?

Some of the challenges or threats that TOMS Shoes might face include:

• Economic recession: A global economic recession could lead to decreased demand for TOMS Shoes' products.
• Changes in consumer preferences: Consumer preferences could change, and consumers may become less interested in TOMS Shoes' products.
• Increased competition: The competition for TOMS Shoes could increase, as more companies start selling similar products.
• Sustainability concerns: Consumers may become more concerned about the sustainability of TOMS Shoes' products, which could lead to decreased demand