PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
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Case Study Description of PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager
Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager for product #PON403.Two-party, two-issue scoreable negotiation between an office building owner and commercial tenant over the terms of a lease for parking spaces. Super Computer Corp. just signed its second three-year lease for office space at 100 Blue Chip Street. This office building, managed by Prime Properties, houses the regional offices of several global corporations. Tenga Tenier (Super Computer's office manager) and Rom Rosok (Prime Properties' property manager for 100 Blue Chip Street) are about to enter their annual negotiation over parking spaces. There is an executive parking lot underneath the office building, but this lot is not large enough to accommodate all of the building's tenants. Prime Properties offers a limited number of "executive" parking spaces in the underground lot, and a larger number of "satellite" parking spaces in a lot that is about ten minutes' walking distance from the building. Because Prime Properties charges the same lease price for executive and satellite parking spaces, tenants want to lease as few satellite and as many executive spaces as possible, while Prime Properties wants to lease as many satellite and as few executive spaces as possible. Tenga and Ron must negotiate an agreement on two issues: how many parking spaces will Super Computer lease, and how many of those spaces will be in the executive parking lot underneath the office building? Their scores will depend on the final agreement on each of these issues. This is a role play case.
Swot Analysis of "PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager" written by Lawrence Susskind includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Spaces Parking facing as an external strategic factors. Some of the topics covered in PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager case study are - Strategic Management Strategies, Negotiations and Strategy & Execution.
Some of the macro environment factors that can be used to understand the PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager casestudy better are - – wage bills are increasing, central banks are concerned over increasing inflation, challanges to central banks by blockchain based private currencies, increasing household debt because of falling income levels, increasing commodity prices, talent flight as more people leaving formal jobs, banking and financial system is disrupted by Bitcoin and other crypto currencies,
increasing inequality as vast percentage of new income is going to the top 1%, technology disruption, etc
Introduction to SWOT Analysis of PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Spaces Parking, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Spaces Parking 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 PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager can be done for the following purposes –
1. Strategic planning using facts provided in PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager case study
2. Improving business portfolio management of Spaces Parking
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 Spaces Parking
Strengths PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Spaces Parking in PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager Harvard Business Review case study are -
Diverse revenue streams
– Spaces Parking is present in almost all the verticals within the industry. This has provided firm in PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager 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.
Learning organization
- Spaces Parking 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 Spaces Parking is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Effective Research and Development (R&D)
– Spaces Parking 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 PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Sustainable margins compare to other players in Strategy & Execution industry
– PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager firm has clearly differentiated products in the market place. This has enabled Spaces Parking to fetch slight price premium compare to the competitors in the Strategy & Execution industry. The sustainable margins have also helped Spaces Parking to invest into research and development (R&D) and innovation.
Ability to recruit top talent
– Spaces Parking is one of the leading recruiters in the industry. Managers in the PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Organizational Resilience of Spaces Parking
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Spaces Parking does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Successful track record of launching new products
– Spaces Parking has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Spaces Parking has effective processes in place that helps in exploring new product needs, doing quick pilot testing, and then launching the products quickly using its extensive distribution network.
Low bargaining power of suppliers
– Suppliers of Spaces Parking in the sector have low bargaining power. PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Spaces Parking to manage not only supply disruptions but also source products at highly competitive prices.
Highly skilled collaborators
– Spaces Parking 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 PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Superior customer experience
– The customer experience strategy of Spaces Parking in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Innovation driven organization
– Spaces Parking is one of the most innovative firm in sector. Manager in PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Cross disciplinary teams
– Horizontal connected teams at the Spaces Parking 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.
Weaknesses PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager are -
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Spaces Parking is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
High cash cycle compare to competitors
Spaces Parking 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.
Skills based hiring
– The stress on hiring functional specialists at Spaces Parking 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.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager, in the dynamic environment Spaces Parking has struggled to respond to the nimble upstart competition. Spaces Parking has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Low market penetration in new markets
– Outside its home market of Spaces Parking, firm in the HBR case study PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager, is just above the industry average. Spaces Parking 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.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager, it seems that the employees of Spaces Parking 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
– Spaces Parking 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.
High operating costs
– Compare to the competitors, firm in the HBR case study PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager 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 Spaces Parking 's lucrative customers.
Workers concerns about automation
– As automation is fast increasing in the segment, Spaces Parking 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.
Increasing silos among functional specialists
– The organizational structure of Spaces Parking is dominated by functional specialists. It is not different from other players in the Strategy & Execution segment. Spaces Parking needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Spaces Parking to focus more on services rather than just following the product oriented approach.
Opportunities PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager | 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 PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager are -
Changes in consumer behavior post Covid-19
– Consumer behavior has changed in the Strategy & Execution industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Spaces Parking 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. Spaces Parking 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.
Creating value in data economy
– The success of analytics program of Spaces Parking has opened avenues for new revenue streams for the organization in the industry. This can help Spaces Parking to build a more holistic ecosystem as suggested in the PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager case study. Spaces Parking can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Building a culture of innovation
– managers at Spaces Parking 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.
Loyalty marketing
– Spaces Parking 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Spaces Parking 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 Spaces Parking to hire the very best people irrespective of their geographical location.
Using analytics as competitive advantage
– Spaces Parking 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 PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Spaces Parking to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Spaces Parking can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Buying journey improvements
– Spaces Parking can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Spaces Parking 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, PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Strategy & Execution industry, but it has also influenced the consumer preferences. Spaces Parking can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Leveraging digital technologies
– Spaces Parking 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.
Manufacturing automation
– Spaces Parking can use the latest technology developments to improve its manufacturing and designing process in Strategy & Execution segment. It can use CAD and 3D printing to build a quick prototype and pilot testing products. It can leverage automation using machine learning and artificial intelligence to do faster production at lowers costs, and it can leverage the growth in satellite and tracking technologies to improve inventory management, transportation, and shipping.
Learning at scale
– Online learning technologies has now opened space for Spaces Parking 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.
Threats PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager are -
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 Spaces Parking business can come under increasing regulations regarding data privacy, data security, etc.
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 Spaces Parking.
Increasing wage structure of Spaces Parking
– 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 Spaces Parking.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager, Spaces Parking 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 .
Consumer confidence and its impact on Spaces Parking 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.
Regulatory challenges
– Spaces Parking needs to prepare for regulatory challenges as consumer protection groups and other pressure groups are vigorously advocating for more regulations on big business - to reduce inequality, to create a level playing field, to product data privacy and consumer privacy, to reduce the influence of big money on democratic institutions, etc. This can lead to significant changes in the Strategy & Execution industry regulations.
Environmental challenges
– Spaces Parking 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. Spaces Parking can take advantage of this fund but it will also bring new competitors in the Strategy & Execution industry.
Stagnating economy with rate increase
– Spaces Parking 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.
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. Spaces Parking needs to understand the core reasons impacting the Strategy & Execution industry. This will help it in building a better workplace.
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. Spaces Parking 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
– Spaces Parking 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.
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 Spaces Parking is facing in Strategy & Execution sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Weighted SWOT Analysis of PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager 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 PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager 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 PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager 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 PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager 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 PARKING SPACES FOR SUPER COMPUTER - Confidential Instructions for Rom Rosok, 100 Blue Chip Street Property Manager 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 Spaces Parking needs to make to build a sustainable competitive advantage.
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