Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
Organizational Development
Strategy / MBA Resources
Case Study SWOT Analysis Solution
Case Study Description of Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty
The University of Regina faculty association and the University of Regina administration are entering into contract negotiations just six months after settling their previous contract through mediation. Although the two parties have both conflicting and compatible interests regarding the ultimate collective agreement outcomes, their strained relationship complicates the bargaining process.
Authors :: Ann C. Frost, Chris Street, Andrew Stevens
Swot Analysis of "Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty" written by Ann C. Frost, Chris Street, Andrew Stevens includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Regina Bargaining facing as an external strategic factors. Some of the topics covered in Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty case study are - Strategic Management Strategies, Strategy and Organizational Development.
Some of the macro environment factors that can be used to understand the Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty casestudy better are - – supply chains are disrupted by pandemic , cloud computing is disrupting traditional business models, increasing household debt because of falling income levels, geopolitical disruptions, increasing inequality as vast percentage of new income is going to the top 1%, banking and financial system is disrupted by Bitcoin and other crypto currencies, customer relationship management is fast transforming because of increasing concerns over data privacy,
challanges to central banks by blockchain based private currencies, increasing commodity prices, etc
Introduction to SWOT Analysis of Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Regina Bargaining, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Regina Bargaining 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 Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty can be done for the following purposes –
1. Strategic planning using facts provided in Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty case study
2. Improving business portfolio management of Regina Bargaining
3. Assessing feasibility of the new initiative in Organizational Development field.
4. Making a Organizational Development topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of Regina Bargaining
Strengths Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Regina Bargaining in Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty Harvard Business Review case study are -
Digital Transformation in Organizational Development segment
- digital transformation varies from industry to industry. For Regina Bargaining digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Regina Bargaining has successfully integrated the four key components of digital transformation – digital integration in processes, digital integration in marketing and customer relationship management, digital integration into the value chain, and using technology to explore new products and market opportunities.
Low bargaining power of suppliers
– Suppliers of Regina Bargaining in the sector have low bargaining power. Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Regina Bargaining to manage not only supply disruptions but also source products at highly competitive prices.
Superior customer experience
– The customer experience strategy of Regina Bargaining in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Diverse revenue streams
– Regina Bargaining is present in almost all the verticals within the industry. This has provided firm in Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty 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.
Operational resilience
– The operational resilience strategy in the Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty Harvard Business Review case study comprises – understanding the underlying the factors in the industry, building diversified operations across different geographies so that disruption in one part of the world doesn’t impact the overall performance of the firm, and integrating the various business operations and processes through its digital transformation drive.
Ability to recruit top talent
– Regina Bargaining is one of the leading recruiters in the industry. Managers in the Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Ability to lead change in Organizational Development field
– Regina Bargaining 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 Regina Bargaining in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Cross disciplinary teams
– Horizontal connected teams at the Regina Bargaining are driving operational speed, building greater agility, and keeping the organization nimble to compete with new competitors. It helps are organization to ideate new ideas, and execute them swiftly in the marketplace.
High switching costs
– The high switching costs that Regina Bargaining 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.
Training and development
– Regina Bargaining has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty Harvard Business Review case study by analyzing – employees retention, in-house promotion, loyalty, new venture initiation, lack of conflict, and high level of both employees and customer engagement.
Learning organization
- Regina Bargaining 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 Regina Bargaining is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Sustainable margins compare to other players in Organizational Development industry
– Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty firm has clearly differentiated products in the market place. This has enabled Regina Bargaining to fetch slight price premium compare to the competitors in the Organizational Development industry. The sustainable margins have also helped Regina Bargaining to invest into research and development (R&D) and innovation.
Weaknesses Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty are -
High dependence on star products
– The top 2 products and services of the firm as mentioned in the Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty HBR case study still accounts for major business revenue. This dependence on star products in has resulted into insufficient focus on developing new products, even though Regina Bargaining has relatively successful track record of launching new products.
High bargaining power of channel partners
– Because of the regulatory requirements, Ann C. Frost, Chris Street, Andrew Stevens suggests that, Regina Bargaining is facing high bargaining power of the channel partners. So far it has not able to streamline the operations to reduce the bargaining power of the value chain partners in the industry.
High operating costs
– Compare to the competitors, firm in the HBR case study Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty 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 Regina Bargaining 's lucrative customers.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty, in the dynamic environment Regina Bargaining has struggled to respond to the nimble upstart competition. Regina Bargaining has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Capital Spending Reduction
– Even during the low interest decade, Regina Bargaining has not been able to do capital spending to the tune of the competition. This has resulted into fewer innovations and company facing stiff competition from both existing competitors and new entrants who are disrupting the industry using digital technology.
High dependence on existing supply chain
– The disruption in the global supply chains because of the Covid-19 pandemic and blockage of the Suez Canal illustrated the fragile nature of Regina Bargaining supply chain. Even after few cautionary changes mentioned in the HBR case study - Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Regina Bargaining vulnerable to further global disruptions in South East Asia.
Slow decision making process
– As mentioned earlier in the report, Regina Bargaining 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. Regina Bargaining 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.
High cash cycle compare to competitors
Regina Bargaining has a high cash cycle compare to other players in the industry. It needs to shorten the cash cycle by 12% to be more competitive in the marketplace, reduce inventory costs, and be more profitable.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty, is just above the industry average. Regina Bargaining 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, Regina Bargaining is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Need for greater diversity
– Regina Bargaining has taken concrete steps on diversity, equity, and inclusion. But the efforts so far has resulted in limited success. It needs to expand the recruitment and selection process to hire more people from the minorities and underprivileged background.
Opportunities Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty | 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 Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty are -
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 Regina Bargaining in the consumer business. Now Regina Bargaining can target international markets with far fewer capital restrictions requirements than the existing system.
Building a culture of innovation
– managers at Regina Bargaining 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 Organizational Development segment.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Organizational Development industry, but it has also influenced the consumer preferences. Regina Bargaining can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Reconfiguring business model
– The expansion of digital payment system, the bringing down of international transactions costs using Bitcoin and other blockchain based currencies, etc can help Regina Bargaining to reconfigure its entire business model. For example it can used blockchain based technologies to reduce piracy of its products in the big markets such as China. Secondly it can use the popularity of e-commerce in various developing markets to build a Direct to Customer business model rather than the current Channel Heavy distribution network.
Buying journey improvements
– Regina Bargaining can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty suggest that firm can provide automated chats to help consumers solve their own problems, provide online suggestions to get maximum out of the products and services, and help consumers to build a community where they can interact with each other to develop new features and uses.
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. Regina Bargaining can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Regina Bargaining can use these opportunities to build new business models that can help the communities that Regina Bargaining operates in. Secondly it can use opportunities from government spending in Organizational Development sector.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Regina Bargaining 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 Regina Bargaining to hire the very best people irrespective of their geographical location.
Using analytics as competitive advantage
– Regina Bargaining has spent a significant amount of money and effort to integrate analytics and machine learning into its operations in the sector. This continuous investment in analytics has enabled, as illustrated in the Harvard case study Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Regina Bargaining to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Regina Bargaining can build a diversified supply chain model across various countries in - South East Asia, India, and other parts of the world. This reconfiguration of global supply chain can help, as suggested in case study, Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Learning at scale
– Online learning technologies has now opened space for Regina Bargaining 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Regina Bargaining in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Organizational Development segment, and it will provide faster access to the consumers.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Regina Bargaining can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Threats Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty are -
Stagnating economy with rate increase
– Regina Bargaining 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.
Easy access to finance
– Easy access to finance in Organizational Development field will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Regina Bargaining can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Capital market disruption
– During the Covid-19, Dow Jones has touched record high. The valuations of a number of companies are way beyond their existing business model potential. This can lead to capital market correction which can put a number of suppliers, collaborators, value chain partners in great financial difficulty. It will directly impact the business of Regina Bargaining.
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.
Shortening product life cycle
– it is one of the major threat that Regina Bargaining is facing in Organizational Development sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Regina Bargaining in the Organizational Development industry. The Organizational Development 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.
Technology acceleration in Forth Industrial Revolution
– Regina Bargaining has witnessed rapid integration of technology during Covid-19 in the Organizational Development industry. As one of the leading players in the industry, Regina Bargaining needs to keep up with the evolution of technology in the Organizational Development sector. According to Mckinsey study top managers believe that the adoption of technology in operations, communications is 20-25 times faster than what they planned in the beginning of 2019.
Instability in the European markets
– European Union markets are facing three big challenges post Covid – expanded balance sheets, Brexit related business disruption, and aggressive Russia looking to distract the existing security mechanism. Regina Bargaining will face different problems in different parts of Europe. For example it will face inflationary pressures in UK, France, and Germany, balance sheet expansion and demand challenges in Southern European countries, and geopolitical instability in the Eastern Europe.
Technology disruption because of hacks, piracy etc
– The colonial pipeline illustrated, how vulnerable modern organization are to international hackers, miscreants, and disruptors. The cyber security interruption, data leaks, etc can seriously jeopardize the future growth of the organization.
New competition
– After the dotcom bust of 2001, financial crisis of 2008-09, the business formation in US economy had declined. But in 2020 alone, there are more than 1.5 million new business applications in United States. This can lead to greater competition for Regina Bargaining in the Organizational Development sector and impact the bottomline of the organization.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Regina Bargaining with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Increasing wage structure of Regina Bargaining
– 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 Regina Bargaining.
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. Regina Bargaining needs to understand the core reasons impacting the Organizational Development industry. This will help it in building a better workplace.
Weighted SWOT Analysis of Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty 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 Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty 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 Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty 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 Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty 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 Collective Bargaining and Negotiation at the University of Regina: General Overview and Private Information - Faculty 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 Regina Bargaining needs to make to build a sustainable competitive advantage.
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