Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
Strategy & Execution
Strategy / MBA Resources
Case Study SWOT Analysis Solution
Case Study Description of Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values
Juchheim Co. Ltd. was a confectionery family firm located in Japan. The chief executive officer and owner faced two important issues related to the future success of the firm: managing succession into the next generation and determining the company's expansion strategy in the overseas market. Under the Japanese tradition of patriarchal primogeniture, the owner's eldest son was the heir apparent and would take over the company. However, the market scenario had changed; new demographic and economic conditions had brought challenges that the company had never faced before. Vanessa M. Strike is affiliated with University of British Columbia.
Swot Analysis of "Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values" written by Venessa M. Strike, Takao Kawamoto includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Juchheim Failthful facing as an external strategic factors. Some of the topics covered in Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values case study are - Strategic Management Strategies, Organizational culture, Succession planning and Strategy & Execution.
Some of the macro environment factors that can be used to understand the Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values casestudy better are - – increasing household debt because of falling income levels, increasing inequality as vast percentage of new income is going to the top 1%, 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 backlash against globalization, central banks are concerned over increasing inflation,
increasing commodity prices, cloud computing is disrupting traditional business models, etc
Introduction to SWOT Analysis of Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Juchheim Failthful, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Juchheim Failthful 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values can be done for the following purposes –
1. Strategic planning using facts provided in Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values case study
2. Improving business portfolio management of Juchheim Failthful
3. Assessing feasibility of the new initiative in Strategy & Execution field.
4. Making a Strategy & Execution topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of Juchheim Failthful
Strengths Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Juchheim Failthful in Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values Harvard Business Review case study are -
Superior customer experience
– The customer experience strategy of Juchheim Failthful in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Diverse revenue streams
– Juchheim Failthful is present in almost all the verticals within the industry. This has provided firm in Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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.
Ability to recruit top talent
– Juchheim Failthful is one of the leading recruiters in the industry. Managers in the Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Learning organization
- Juchheim Failthful 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 Juchheim Failthful is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Digital Transformation in Strategy & Execution segment
- digital transformation varies from industry to industry. For Juchheim Failthful digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Juchheim Failthful 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.
Analytics focus
– Juchheim Failthful 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 Venessa M. Strike, Takao Kawamoto 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.
Innovation driven organization
– Juchheim Failthful is one of the most innovative firm in sector. Manager in Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Organizational Resilience of Juchheim Failthful
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Juchheim Failthful does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Effective Research and Development (R&D)
– Juchheim Failthful 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values - 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 brand equity
– Juchheim Failthful has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Juchheim Failthful to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Training and development
– Juchheim Failthful has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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.
Strong track record of project management
– Juchheim Failthful is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Weaknesses Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values are -
Slow decision making process
– As mentioned earlier in the report, Juchheim Failthful 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. Juchheim Failthful 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 operating costs
– Compare to the competitors, firm in the HBR case study Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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 Juchheim Failthful 's lucrative customers.
High bargaining power of channel partners
– Because of the regulatory requirements, Venessa M. Strike, Takao Kawamoto suggests that, Juchheim Failthful 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.
Aligning sales with marketing
– It come across in the case study Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values can leverage the sales team experience to cultivate customer relationships as Juchheim Failthful is planning to shift buying processes online.
Low market penetration in new markets
– Outside its home market of Juchheim Failthful, firm in the HBR case study Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Lack of clear differentiation of Juchheim Failthful products
– To increase the profitability and margins on the products, Juchheim Failthful needs to provide more differentiated products than what it is currently offering in the marketplace.
Slow to strategic competitive environment developments
– As Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values HBR case study mentions - Juchheim Failthful 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.
No frontier risks strategy
– After analyzing the HBR case study Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values, it seems that company is thinking about the frontier risks that can impact Strategy & Execution 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.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values, it seems that the employees of Juchheim Failthful 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.
Need for greater diversity
– Juchheim Failthful 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.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values, in the dynamic environment Juchheim Failthful has struggled to respond to the nimble upstart competition. Juchheim Failthful has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Opportunities Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values | 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values are -
Low interest rates
– Even though inflation is raising its head in most developed economies, Juchheim Failthful can still utilize the low interest rates to borrow money for capital investment. Secondly it can also use the increase of government spending in infrastructure projects to get new business.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Juchheim Failthful 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, Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Using analytics as competitive advantage
– Juchheim Failthful 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Juchheim Failthful to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Juchheim Failthful can use these opportunities to build new business models that can help the communities that Juchheim Failthful operates in. Secondly it can use opportunities from government spending in Strategy & Execution sector.
Creating value in data economy
– The success of analytics program of Juchheim Failthful has opened avenues for new revenue streams for the organization in the industry. This can help Juchheim Failthful to build a more holistic ecosystem as suggested in the Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values case study. Juchheim Failthful can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Loyalty marketing
– Juchheim Failthful 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.
Leveraging digital technologies
– Juchheim Failthful 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, Juchheim Failthful is facing challenges because of the dominance of functional experts in the organization. Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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 Juchheim Failthful in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Strategy & Execution segment, and it will provide faster access to the consumers.
Better consumer reach
– The expansion of the 5G network will help Juchheim Failthful to increase its market reach. Juchheim Failthful 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.
Buying journey improvements
– Juchheim Failthful can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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.
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 Juchheim Failthful in the consumer business. Now Juchheim Failthful can target international markets with far fewer capital restrictions requirements than the existing system.
Building a culture of innovation
– managers at Juchheim Failthful 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 Strategy & Execution segment.
Threats Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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.
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 Juchheim Failthful business can come under increasing regulations regarding data privacy, data security, etc.
Environmental challenges
– Juchheim Failthful 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. Juchheim Failthful can take advantage of this fund but it will also bring new competitors in the Strategy & Execution industry.
Shortening product life cycle
– it is one of the major threat that Juchheim Failthful is facing in Strategy & Execution sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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 Juchheim Failthful in the Strategy & Execution sector and impact the bottomline of the organization.
Increasing wage structure of Juchheim Failthful
– 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 Juchheim Failthful.
Consumer confidence and its impact on Juchheim Failthful 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.
Easy access to finance
– Easy access to finance in Strategy & Execution field will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Juchheim Failthful 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 Juchheim Failthful.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Juchheim Failthful 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values .
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values, Juchheim Failthful may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Strategy & Execution .
High dependence on third party suppliers
– Juchheim Failthful 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.
Technology acceleration in Forth Industrial Revolution
– Juchheim Failthful has witnessed rapid integration of technology during Covid-19 in the Strategy & Execution industry. As one of the leading players in the industry, Juchheim Failthful needs to keep up with the evolution of technology in the Strategy & Execution 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.
Weighted SWOT Analysis of Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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 Juchheim: The Failthful Pursuit of Flavour, Culture and Family Values 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 Juchheim Failthful needs to make to build a sustainable competitive advantage.