Swot Analysis of "Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos" written by Marian Moore includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Videos Uv0742 facing as an external strategic factors. Some of the topics covered in Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos case study are - Strategic Management Strategies, Market research, Pricing, Public relations and Sales & Marketing.
Some of the macro environment factors that can be used to understand the Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos casestudy better are - – central banks are concerned over increasing inflation, customer relationship management is fast transforming because of increasing concerns over data privacy, geopolitical disruptions, increasing transportation and logistics costs, banking and financial system is disrupted by Bitcoin and other crypto currencies, challanges to central banks by blockchain based private currencies, there is increasing trade war between United States & China,
increasing household debt because of falling income levels, digital marketing is dominated by two big players Facebook and Google, etc
Introduction to SWOT Analysis of Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Videos Uv0742, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Videos Uv0742 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 Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos can be done for the following purposes –
1. Strategic planning using facts provided in Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos case study
2. Improving business portfolio management of Videos Uv0742
3. Assessing feasibility of the new initiative in Sales & Marketing field.
4. Making a Sales & Marketing topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of Videos Uv0742
Strengths Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Videos Uv0742 in Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos Harvard Business Review case study are -
Superior customer experience
– The customer experience strategy of Videos Uv0742 in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Effective Research and Development (R&D)
– Videos Uv0742 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 Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
High switching costs
– The high switching costs that Videos Uv0742 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.
Highly skilled collaborators
– Videos Uv0742 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 Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Ability to recruit top talent
– Videos Uv0742 is one of the leading recruiters in the industry. Managers in the Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Training and development
– Videos Uv0742 has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos 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.
Sustainable margins compare to other players in Sales & Marketing industry
– Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos firm has clearly differentiated products in the market place. This has enabled Videos Uv0742 to fetch slight price premium compare to the competitors in the Sales & Marketing industry. The sustainable margins have also helped Videos Uv0742 to invest into research and development (R&D) and innovation.
Cross disciplinary teams
– Horizontal connected teams at the Videos Uv0742 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.
Ability to lead change in Sales & Marketing field
– Videos Uv0742 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 Videos Uv0742 in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
High brand equity
– Videos Uv0742 has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Videos Uv0742 to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Strong track record of project management
– Videos Uv0742 is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Organizational Resilience of Videos Uv0742
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Videos Uv0742 does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Weaknesses Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos are -
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos, it seems that the employees of Videos Uv0742 don’t have comprehensive understanding of the firm’s strategy. This is reflected in number of promotional campaigns over the last few years that had mixed messaging and competing priorities. Some of the strategic activities and services promoted in the promotional campaigns were not consistent with the organization’s strategy.
Slow decision making process
– As mentioned earlier in the report, Videos Uv0742 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. Videos Uv0742 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 bargaining power of channel partners
– Because of the regulatory requirements, Marian Moore suggests that, Videos Uv0742 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 dependence on star products
– The top 2 products and services of the firm as mentioned in the Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos 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 Videos Uv0742 has relatively successful track record of launching new products.
Workers concerns about automation
– As automation is fast increasing in the segment, Videos Uv0742 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.
Interest costs
– Compare to the competition, Videos Uv0742 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.
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 Videos Uv0742 supply chain. Even after few cautionary changes mentioned in the HBR case study - Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Videos Uv0742 vulnerable to further global disruptions in South East Asia.
Increasing silos among functional specialists
– The organizational structure of Videos Uv0742 is dominated by functional specialists. It is not different from other players in the Sales & Marketing segment. Videos Uv0742 needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Videos Uv0742 to focus more on services rather than just following the product oriented approach.
Products dominated business model
– Even though Videos Uv0742 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 - Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos should strive to include more intangible value offerings along with its core products and services.
Capital Spending Reduction
– Even during the low interest decade, Videos Uv0742 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.
Lack of clear differentiation of Videos Uv0742 products
– To increase the profitability and margins on the products, Videos Uv0742 needs to provide more differentiated products than what it is currently offering in the marketplace.
Opportunities Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos | 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 Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos are -
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Videos Uv0742 can use these opportunities to build new business models that can help the communities that Videos Uv0742 operates in. Secondly it can use opportunities from government spending in Sales & Marketing sector.
Manufacturing automation
– Videos Uv0742 can use the latest technology developments to improve its manufacturing and designing process in Sales & Marketing 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.
Better consumer reach
– The expansion of the 5G network will help Videos Uv0742 to increase its market reach. Videos Uv0742 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Videos Uv0742 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 Videos Uv0742 to hire the very best people irrespective of their geographical location.
Developing new processes and practices
– Videos Uv0742 can develop new processes and procedures in Sales & Marketing 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.
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 Videos Uv0742 in the consumer business. Now Videos Uv0742 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, Videos Uv0742 is facing challenges because of the dominance of functional experts in the organization. Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Videos Uv0742 in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Sales & Marketing segment, and it will provide faster access to the consumers.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Videos Uv0742 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, Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Loyalty marketing
– Videos Uv0742 has focused on building a highly responsive customer relationship management platform. This platform is built on in-house data and driven by analytics and artificial intelligence. The customer analytics can help the organization to fine tune its loyalty marketing efforts, increase the wallet share of the organization, reduce wastage on mainstream advertising spending, build better pricing strategies using personalization, etc.
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. Videos Uv0742 can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Buying journey improvements
– Videos Uv0742 can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos 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.
Creating value in data economy
– The success of analytics program of Videos Uv0742 has opened avenues for new revenue streams for the organization in the industry. This can help Videos Uv0742 to build a more holistic ecosystem as suggested in the Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos case study. Videos Uv0742 can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Threats Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos are -
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.
Consumer confidence and its impact on Videos Uv0742 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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos, Videos Uv0742 may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Sales & Marketing .
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. Videos Uv0742 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 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. Videos Uv0742 needs to understand the core reasons impacting the Sales & Marketing industry. This will help it in building a better workplace.
Technology acceleration in Forth Industrial Revolution
– Videos Uv0742 has witnessed rapid integration of technology during Covid-19 in the Sales & Marketing industry. As one of the leading players in the industry, Videos Uv0742 needs to keep up with the evolution of technology in the Sales & Marketing 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.
Stagnating economy with rate increase
– Videos Uv0742 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.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Videos Uv0742 in the Sales & Marketing industry. The Sales & Marketing 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.
High dependence on third party suppliers
– Videos Uv0742 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.
Environmental challenges
– Videos Uv0742 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. Videos Uv0742 can take advantage of this fund but it will also bring new competitors in the Sales & Marketing industry.
Increasing wage structure of Videos Uv0742
– 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 Videos Uv0742.
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 Videos Uv0742 in the Sales & Marketing sector and impact the bottomline of the organization.
Shortening product life cycle
– it is one of the major threat that Videos Uv0742 is facing in Sales & Marketing sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Weighted SWOT Analysis of Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos 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 Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos 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 Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos 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 Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos 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 Brooke Correll and Clos Du Val: Adventures in Napa Valley, Student Videos 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 Videos Uv0742 needs to make to build a sustainable competitive advantage.