Swot Analysis of "Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B)" written by Robert C. Pozen, Ani Satchcroft includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that 309114 Kalamata facing as an external strategic factors. Some of the topics covered in Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) case study are - Strategic Management Strategies, Intellectual property, Regulation and Leadership & Managing People.
Some of the macro environment factors that can be used to understand the Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) casestudy better are - – increasing energy prices, there is backlash against globalization, talent flight as more people leaving formal jobs, competitive advantages are harder to sustain because of technology dispersion, central banks are concerned over increasing inflation, customer relationship management is fast transforming because of increasing concerns over data privacy, cloud computing is disrupting traditional business models,
wage bills are increasing, increasing commodity prices, etc
Introduction to SWOT Analysis of Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B)
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the 309114 Kalamata, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which 309114 Kalamata operates in.
According to Harvard Business Review, 75% of the managers use SWOT analysis for various purposes such as – evaluating current scenario, strategic planning, new venture feasibility, personal growth goals, new market entry, Go To market strategies, portfolio management and strategic trade-off assessment, organizational restructuring, etc.
SWOT Objectives / Importance of SWOT Analysis and SWOT Matrix
SWOT analysis of Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) can be done for the following purposes –
1. Strategic planning using facts provided in Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) case study
2. Improving business portfolio management of 309114 Kalamata
3. Assessing feasibility of the new initiative in Leadership & Managing People field.
4. Making a Leadership & Managing People topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of 309114 Kalamata
Strengths Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of 309114 Kalamata in Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) Harvard Business Review case study are -
Ability to lead change in Leadership & Managing People field
– 309114 Kalamata is one of the leading players in its industry. Over the years it has not only transformed the business landscape in its segment but also across the whole industry. The ability to lead change has enabled 309114 Kalamata in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Innovation driven organization
– 309114 Kalamata is one of the most innovative firm in sector. Manager in Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Sustainable margins compare to other players in Leadership & Managing People industry
– Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) firm has clearly differentiated products in the market place. This has enabled 309114 Kalamata to fetch slight price premium compare to the competitors in the Leadership & Managing People industry. The sustainable margins have also helped 309114 Kalamata to invest into research and development (R&D) and innovation.
Effective Research and Development (R&D)
– 309114 Kalamata has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in, as mentioned in case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Learning organization
- 309114 Kalamata is a learning organization. It has inculcated three key characters of learning organization in its processes and operations – exploration, creativity, and expansiveness. The work place at 309114 Kalamata is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Analytics focus
– 309114 Kalamata is putting a lot of focus on utilizing the power of analytics in business decision making. This has put it among the leading players in the industry. The technology infrastructure suggested by Robert C. Pozen, Ani Satchcroft can also help it to harness the power of analytics for – marketing optimization, demand forecasting, customer relationship management, inventory management, information sharing across the value chain etc.
High brand equity
– 309114 Kalamata has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled 309114 Kalamata to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Diverse revenue streams
– 309114 Kalamata is present in almost all the verticals within the industry. This has provided firm in Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) case study a diverse revenue stream that has helped it to survive disruptions such as global pandemic in Covid-19, financial disruption of 2008, and supply chain disruption of 2021.
Low bargaining power of suppliers
– Suppliers of 309114 Kalamata in the sector have low bargaining power. Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps 309114 Kalamata to manage not only supply disruptions but also source products at highly competitive prices.
Superior customer experience
– The customer experience strategy of 309114 Kalamata in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Successful track record of launching new products
– 309114 Kalamata has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. 309114 Kalamata has effective processes in place that helps in exploring new product needs, doing quick pilot testing, and then launching the products quickly using its extensive distribution network.
High switching costs
– The high switching costs that 309114 Kalamata has built up over years in its products and services combo offer has resulted in high retention of customers, lower marketing costs, and greater ability of the firm to focus on its customers.
Weaknesses Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) are -
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B), is just above the industry average. 309114 Kalamata needs to redesign the compensation structure and incentives to increase the revenue per employees. Some of the steps that it can take are – hiring more specialists on project basis, etc.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, 309114 Kalamata is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
High operating costs
– Compare to the competitors, firm in the HBR case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) has high operating costs in the. This can be harder to sustain given the new emerging competition from nimble players who are using technology to attract 309114 Kalamata 's lucrative customers.
Slow to strategic competitive environment developments
– As Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) HBR case study mentions - 309114 Kalamata takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the industry in last five years.
Workers concerns about automation
– As automation is fast increasing in the segment, 309114 Kalamata needs to come up with a strategy to reduce the workers concern regarding automation. Without a clear strategy, it could lead to disruption and uncertainty within the organization.
Skills based hiring
– The stress on hiring functional specialists at 309114 Kalamata has created an environment where the organization is dominated by functional specialists rather than management generalist. This has resulted into product oriented approach rather than marketing oriented approach or consumers oriented approach.
Interest costs
– Compare to the competition, 309114 Kalamata has borrowed money from the capital market at higher rates. It needs to restructure the interest payment and costs so that it can compete better and improve profitability.
Lack of clear differentiation of 309114 Kalamata products
– To increase the profitability and margins on the products, 309114 Kalamata needs to provide more differentiated products than what it is currently offering in the marketplace.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B), in the dynamic environment 309114 Kalamata has struggled to respond to the nimble upstart competition. 309114 Kalamata has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Increasing silos among functional specialists
– The organizational structure of 309114 Kalamata is dominated by functional specialists. It is not different from other players in the Leadership & Managing People segment. 309114 Kalamata needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help 309114 Kalamata to focus more on services rather than just following the product oriented approach.
Slow decision making process
– As mentioned earlier in the report, 309114 Kalamata has a very deliberative decision making approach. This approach has resulted in prudent decisions, but it has also resulted in missing opportunities in the industry over the last five years. 309114 Kalamata even though has strong showing on digital transformation primary two stages, it has struggled to capitalize the power of digital transformation in marketing efforts and new venture efforts.
Opportunities Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities highlighted in the Harvard Business Review case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) are -
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects 309114 Kalamata can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Identify volunteer opportunities
– Covid-19 has impacted working population in two ways – it has led to people soul searching about their professional choices, resulting in mass resignation. Secondly it has encouraged people to do things that they are passionate about. This has opened opportunities for businesses to build volunteer oriented socially driven projects. 309114 Kalamata can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Changes in consumer behavior post Covid-19
– Consumer behavior has changed in the Leadership & Managing People industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. 309114 Kalamata can take advantage of these changes in consumer behavior to build a far more efficient business model. For example consumer regular ordering of products can reduce both last mile delivery costs and market penetration costs. 309114 Kalamata can further use this consumer data to build better customer loyalty, provide better products and service collection, and improve the value proposition in inflationary times.
Leveraging digital technologies
– 309114 Kalamata can leverage digital technologies such as artificial intelligence and machine learning to automate the production process, customer analytics to get better insights into consumer behavior, realtime digital dashboards to get better sales tracking, logistics and transportation, product tracking, etc.
Building a culture of innovation
– managers at 309114 Kalamata can make experimentation a productive activity and build a culture of innovation using approaches such as – mining transaction data, A/B testing of websites and selling platforms, engaging potential customers over various needs, and building on small ideas in the Leadership & Managing People segment.
Better consumer reach
– The expansion of the 5G network will help 309114 Kalamata to increase its market reach. 309114 Kalamata will be able to reach out to new customers. Secondly 5G will also provide technology framework to build new tools and products that can help more immersive consumer experience and faster consumer journey.
Use of Bitcoin and other crypto currencies for transactions
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for 309114 Kalamata in the consumer business. Now 309114 Kalamata can target international markets with far fewer capital restrictions requirements than the existing system.
Redefining models of collaboration and team work
– As explained in the weaknesses section, 309114 Kalamata is facing challenges because of the dominance of functional experts in the organization. Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) case study suggests that firm can utilize new technology to build more coordinated teams and streamline operations and communications using tools such as CAD, Zoom, etc.
Manufacturing automation
– 309114 Kalamata can use the latest technology developments to improve its manufacturing and designing process in Leadership & Managing People segment. It can use CAD and 3D printing to build a quick prototype and pilot testing products. It can leverage automation using machine learning and artificial intelligence to do faster production at lowers costs, and it can leverage the growth in satellite and tracking technologies to improve inventory management, transportation, and shipping.
Learning at scale
– Online learning technologies has now opened space for 309114 Kalamata to conduct training and development for its employees across the world. This will result in not only reducing the cost of training but also help employees in different part of the world to integrate with the headquarter work culture, ethos, and standards.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Leadership & Managing People industry, but it has also influenced the consumer preferences. 309114 Kalamata can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Creating value in data economy
– The success of analytics program of 309114 Kalamata has opened avenues for new revenue streams for the organization in the industry. This can help 309114 Kalamata to build a more holistic ecosystem as suggested in the Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) case study. 309114 Kalamata can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for 309114 Kalamata to expand its talent hiring zone. According to McKinsey Global Institute, 20% of the high end workforce in fields such as finance, information technology, can continously work from remote local post Covid-19. This presents a really great opportunity for 309114 Kalamata to hire the very best people irrespective of their geographical location.
Threats Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) are -
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B), 309114 Kalamata may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Leadership & Managing People .
Shortening product life cycle
– it is one of the major threat that 309114 Kalamata is facing in Leadership & Managing People sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Stagnating economy with rate increase
– 309114 Kalamata can face lack of demand in the market place because of Fed actions to reduce inflation. This can lead to sluggish growth in the economy, lower demands, lower investments, higher borrowing costs, and consolidation in the field.
Consumer confidence and its impact on 309114 Kalamata demand
– There is a high probability of declining consumer confidence, given – high inflammation rate, rise of gig economy, lower job stability, increasing cost of living, higher interest rates, and aging demography. All the factors contribute to people saving higher rate of their income, resulting in lower consumer demand in the industry and other sectors.
Backlash against dominant players
– US Congress and other legislative arms of the government are getting tough on big business especially technology companies. The digital arm of 309114 Kalamata business can come under increasing regulations regarding data privacy, data security, etc.
Regulatory challenges
– 309114 Kalamata needs to prepare for regulatory challenges as consumer protection groups and other pressure groups are vigorously advocating for more regulations on big business - to reduce inequality, to create a level playing field, to product data privacy and consumer privacy, to reduce the influence of big money on democratic institutions, etc. This can lead to significant changes in the Leadership & Managing People industry regulations.
Increasing wage structure of 309114 Kalamata
– Post Covid-19 there is a sharp increase in the wages especially in the jobs that require interaction with people. The increasing wages can put downward pressure on the margins of 309114 Kalamata.
Easy access to finance
– Easy access to finance in Leadership & Managing People field will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. 309114 Kalamata can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Aging population
– As the populations of most advanced economies are aging, it will lead to high social security costs, higher savings among population, and lower demand for goods and services in the economy. The household savings in US, France, UK, Germany, and Japan are growing faster than predicted because of uncertainty caused by pandemic.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, 309114 Kalamata can face downward pressure on margins from increasing competition from international players. The international players have stable revenue in their home market and can use those resources to penetrate prominent markets illustrated in HBR case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) .
High level of anxiety and lack of motivation
– the Great Resignation in United States is the sign of broader dissatisfaction among the workforce in United States. 309114 Kalamata needs to understand the core reasons impacting the Leadership & Managing People industry. This will help it in building a better workplace.
High dependence on third party suppliers
– 309114 Kalamata high dependence on third party suppliers can disrupt its processes and delivery mechanism. For example -the current troubles of car makers because of chip shortage is because the chip companies started producing chips for electronic companies rather than car manufacturers.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for 309114 Kalamata in the Leadership & Managing People industry. The Leadership & Managing People industry is already at various protected from local competition in China, with the rise of trade war the protection levels may go up. This presents a clear threat of current business model in Chinese market.
Weighted SWOT Analysis of Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers in the HBR case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) needs to zero down on the relative importance of each factor mentioned in the Strengths, Weakness, Opportunities, and Threats quadrants.
We can provide the relative importance to each factor by assigning relative weights. Weighted SWOT analysis process is a three stage process –
First stage for doing weighted SWOT analysis of the case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) is to rank the strengths and weaknesses of the organization. This will help you to assess the most important strengths and weaknesses of the firm and which one of the strengths and weaknesses mentioned in the initial lists are marginal and can be left out.
Second stage for conducting weighted SWOT analysis of the Harvard case study Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) is to give probabilities to the external strategic factors thus better understanding the opportunities and threats arising out of macro environment changes and developments.
Third stage of constructing weighted SWOT analysis of Geographical Indications: I Say "Kalamata", the EU Says "Black Olive" (B) is to provide strategic recommendations includes – joining likelihood of external strategic factors such as opportunities and threats to the internal strategic factors – strengths and weaknesses. You should start with external factors as they will provide the direction of the overall industry. Secondly by joining probabilities with internal strategic factors can help the company not only strategic fit but also the most probably strategic trade-off that 309114 Kalamata needs to make to build a sustainable competitive advantage.
