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Boston Scientific (SWOT Analysis)

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“SWOT is an acronym for the internal Strengths and Weaknesses of a firm and the environmental Opportunities and Threats facing that firm. SWOT analysis is a widely used technique through which managers create a quick overview of a company’s strategic situation. The technique is based on the assumption that an effective strategy derives from a sound “fit” between a firm’s internal resources (strengths and weaknesses) and its external situation (opportunities and threats). A good fit maximizes a firm’s strengths and opportunities and minimizes its weaknesses and threats. Accurately applied, this simple assumption has powerful implications for the design of a successful strategy.”

Boston Scientific

Boston Scientific is a worldwide developer, manufacturer and marketer of medical devices that are used in a range of interventional medical specialties including interventional cardiology, cardiac rhythm management, peripheral interventions, cardiac surgery, vascular surgery, electrophysiology, neurovascular intervention, oncology, endoscopy, urology, gynecology and neuromodulation. The company operates in the US, Europe and Japan. Boston Scientific is headquartered in Natick, Massachusetts and employs about 27,500 people.

Strengths, Weaknesses, Opportunities and Threats (SWOT)

Location of Factor

TYPE OF FACTOR

Favorable

Unfavorable

Internal

Strengths

  • Broad product portfolio
  • Strong market position
  • Patent portfolio and technology strength

Weaknesses

  • Downgraded credit ratings
  • Voluntary product recalls
  • Geographic concentration

External

Opportunities

  • Strategic acquisitions
  • Product approvals

Threats

  • TAXUS Express and TAXUS Liberte drug-eluting stent patent infringement case
  • Government regulations
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