Swot Analysis of "Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version" written by Mihir A. Desai, Kathleen Luchs, Alberto Moel includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Cme Zelezny facing as an external strategic factors. Some of the topics covered in Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version case study are - Strategic Management Strategies, International business, Joint ventures, Negotiations, Risk management and Finance & Accounting.
Some of the macro environment factors that can be used to understand the Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version casestudy better are - – wage bills are increasing, supply chains are disrupted by pandemic , increasing commodity prices, talent flight as more people leaving formal jobs, increasing government debt because of Covid-19 spendings, banking and financial system is disrupted by Bitcoin and other crypto currencies, challanges to central banks by blockchain based private currencies,
competitive advantages are harder to sustain because of technology dispersion, increasing transportation and logistics costs, etc
Introduction to SWOT Analysis of Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Cme Zelezny, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Cme Zelezny 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 Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version can be done for the following purposes –
1. Strategic planning using facts provided in Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version case study
2. Improving business portfolio management of Cme Zelezny
3. Assessing feasibility of the new initiative in Finance & Accounting field.
4. Making a Finance & Accounting topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of Cme Zelezny
Strengths Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Cme Zelezny in Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version Harvard Business Review case study are -
High brand equity
– Cme Zelezny has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Cme Zelezny to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Innovation driven organization
– Cme Zelezny is one of the most innovative firm in sector. Manager in Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Ability to lead change in Finance & Accounting field
– Cme Zelezny 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 Cme Zelezny in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Training and development
– Cme Zelezny has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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
- Cme Zelezny 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 Cme Zelezny is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Diverse revenue streams
– Cme Zelezny is present in almost all the verticals within the industry. This has provided firm in Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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.
Effective Research and Development (R&D)
– Cme Zelezny 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 Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Highly skilled collaborators
– Cme Zelezny has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive segment. Secondly the value chain collaborators of the firm in Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Operational resilience
– The operational resilience strategy in the Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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
– Cme Zelezny is one of the leading recruiters in the industry. Managers in the Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Sustainable margins compare to other players in Finance & Accounting industry
– Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version firm has clearly differentiated products in the market place. This has enabled Cme Zelezny to fetch slight price premium compare to the competitors in the Finance & Accounting industry. The sustainable margins have also helped Cme Zelezny to invest into research and development (R&D) and innovation.
Low bargaining power of suppliers
– Suppliers of Cme Zelezny in the sector have low bargaining power. Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Cme Zelezny to manage not only supply disruptions but also source products at highly competitive prices.
Weaknesses Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version are -
No frontier risks strategy
– After analyzing the HBR case study Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version, it seems that company is thinking about the frontier risks that can impact Finance & Accounting strategy. But it has very little resources allocation to manage the risks emerging from events such as natural disasters, climate change, melting of permafrost, tacking the rise of artificial intelligence, opportunities and threats emerging from commercialization of space etc.
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 Cme Zelezny supply chain. Even after few cautionary changes mentioned in the HBR case study - Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Cme Zelezny vulnerable to further global disruptions in South East Asia.
Skills based hiring
– The stress on hiring functional specialists at Cme Zelezny 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.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Cme Zelezny is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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
– Cme Zelezny 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.
Increasing silos among functional specialists
– The organizational structure of Cme Zelezny is dominated by functional specialists. It is not different from other players in the Finance & Accounting segment. Cme Zelezny needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Cme Zelezny to focus more on services rather than just following the product oriented approach.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version, in the dynamic environment Cme Zelezny has struggled to respond to the nimble upstart competition. Cme Zelezny has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Interest costs
– Compare to the competition, Cme Zelezny 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.
Products dominated business model
– Even though Cme Zelezny has some of the most successful products in the industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. firm in the HBR case study - Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version should strive to include more intangible value offerings along with its core products and services.
Aligning sales with marketing
– It come across in the case study Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version that the firm needs to have more collaboration between its sales team and marketing team. Sales professionals in the industry have deep experience in developing customer relationships. Marketing department in the case Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version can leverage the sales team experience to cultivate customer relationships as Cme Zelezny is planning to shift buying processes online.
Slow to strategic competitive environment developments
– As Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version HBR case study mentions - Cme Zelezny 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.
Opportunities Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version | 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 Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version are -
Learning at scale
– Online learning technologies has now opened space for Cme Zelezny 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.
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 Cme Zelezny in the consumer business. Now Cme Zelezny can target international markets with far fewer capital restrictions requirements than the existing system.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Cme Zelezny can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Leveraging digital technologies
– Cme Zelezny 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.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Cme Zelezny is facing challenges because of the dominance of functional experts in the organization. Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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.
Buying journey improvements
– Cme Zelezny can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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.
Building a culture of innovation
– managers at Cme Zelezny 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 Finance & Accounting segment.
Creating value in data economy
– The success of analytics program of Cme Zelezny has opened avenues for new revenue streams for the organization in the industry. This can help Cme Zelezny to build a more holistic ecosystem as suggested in the Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version case study. Cme Zelezny can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Changes in consumer behavior post Covid-19
– Consumer behavior has changed in the Finance & Accounting industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Cme Zelezny 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. Cme Zelezny 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.
Developing new processes and practices
– Cme Zelezny can develop new processes and procedures in Finance & Accounting industry using technology such as automation using artificial intelligence, real time transportation and products tracking, 3D modeling for concept development and new products pilot testing etc.
Using analytics as competitive advantage
– Cme Zelezny 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 Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Cme Zelezny 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, Cme Zelezny 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, Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
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. Cme Zelezny can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Threats Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version are -
Technology acceleration in Forth Industrial Revolution
– Cme Zelezny has witnessed rapid integration of technology during Covid-19 in the Finance & Accounting industry. As one of the leading players in the industry, Cme Zelezny needs to keep up with the evolution of technology in the Finance & Accounting 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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version, Cme Zelezny may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Finance & Accounting .
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 Cme Zelezny.
Environmental challenges
– Cme Zelezny needs to have a robust strategy against the disruptions arising from climate change and energy requirements. EU has identified it as key priority area and spending 30% of its 880 billion Euros European post Covid-19 recovery funds on green technology. Cme Zelezny can take advantage of this fund but it will also bring new competitors in the Finance & Accounting industry.
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. Cme Zelezny 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.
High dependence on third party suppliers
– Cme Zelezny 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 Cme Zelezny in the Finance & Accounting industry. The Finance & Accounting 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.
Stagnating economy with rate increase
– Cme Zelezny 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.
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.
Increasing wage structure of Cme Zelezny
– 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 Cme Zelezny.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Cme Zelezny 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 Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version .
Easy access to finance
– Easy access to finance in Finance & Accounting field will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Cme Zelezny can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
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. Cme Zelezny needs to understand the core reasons impacting the Finance & Accounting industry. This will help it in building a better workplace.
Weighted SWOT Analysis of Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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 Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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 Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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 Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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 Czech Mate: CME and Vladimir Zelezny (B1)--CME Negotiates, Chinese Version 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 Cme Zelezny needs to make to build a sustainable competitive advantage.
