Swot Analysis of "Truly Human Leadership at Barry-Wehmiller, Video Supplement" written by Jan W. Rivkin, Dylan Minor includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that 717420 Wehmiller facing as an external strategic factors. Some of the topics covered in Truly Human Leadership at Barry-Wehmiller, Video Supplement case study are - Strategic Management Strategies, Operations management, Organizational culture, Strategy and Strategy & Execution.
Some of the macro environment factors that can be used to understand the Truly Human Leadership at Barry-Wehmiller, Video Supplement casestudy better are - – banking and financial system is disrupted by Bitcoin and other crypto currencies, cloud computing is disrupting traditional business models, there is backlash against globalization, there is increasing trade war between United States & China, competitive advantages are harder to sustain because of technology dispersion, increasing commodity prices, geopolitical disruptions,
increasing government debt because of Covid-19 spendings, increasing energy prices, etc
Introduction to SWOT Analysis of Truly Human Leadership at Barry-Wehmiller, Video Supplement
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Truly Human Leadership at Barry-Wehmiller, Video Supplement case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the 717420 Wehmiller, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which 717420 Wehmiller 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 Truly Human Leadership at Barry-Wehmiller, Video Supplement can be done for the following purposes –
1. Strategic planning using facts provided in Truly Human Leadership at Barry-Wehmiller, Video Supplement case study
2. Improving business portfolio management of 717420 Wehmiller
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 717420 Wehmiller
Strengths Truly Human Leadership at Barry-Wehmiller, Video Supplement | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of 717420 Wehmiller in Truly Human Leadership at Barry-Wehmiller, Video Supplement Harvard Business Review case study are -
Successful track record of launching new products
– 717420 Wehmiller has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. 717420 Wehmiller 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.
Sustainable margins compare to other players in Strategy & Execution industry
– Truly Human Leadership at Barry-Wehmiller, Video Supplement firm has clearly differentiated products in the market place. This has enabled 717420 Wehmiller to fetch slight price premium compare to the competitors in the Strategy & Execution industry. The sustainable margins have also helped 717420 Wehmiller to invest into research and development (R&D) and innovation.
Ability to recruit top talent
– 717420 Wehmiller is one of the leading recruiters in the industry. Managers in the Truly Human Leadership at Barry-Wehmiller, Video Supplement 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
- 717420 Wehmiller 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 717420 Wehmiller is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Truly Human Leadership at Barry-Wehmiller, Video Supplement Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
High switching costs
– The high switching costs that 717420 Wehmiller 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.
Cross disciplinary teams
– Horizontal connected teams at the 717420 Wehmiller 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.
Innovation driven organization
– 717420 Wehmiller is one of the most innovative firm in sector. Manager in Truly Human Leadership at Barry-Wehmiller, Video Supplement Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Digital Transformation in Strategy & Execution segment
- digital transformation varies from industry to industry. For 717420 Wehmiller digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. 717420 Wehmiller 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.
Strong track record of project management
– 717420 Wehmiller is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Low bargaining power of suppliers
– Suppliers of 717420 Wehmiller in the sector have low bargaining power. Truly Human Leadership at Barry-Wehmiller, Video Supplement has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps 717420 Wehmiller to manage not only supply disruptions but also source products at highly competitive prices.
Ability to lead change in Strategy & Execution field
– 717420 Wehmiller 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 717420 Wehmiller in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Operational resilience
– The operational resilience strategy in the Truly Human Leadership at Barry-Wehmiller, Video Supplement 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.
Weaknesses Truly Human Leadership at Barry-Wehmiller, Video Supplement | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Truly Human Leadership at Barry-Wehmiller, Video Supplement are -
Need for greater diversity
– 717420 Wehmiller 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.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study Truly Human Leadership at Barry-Wehmiller, Video Supplement, it seems that the employees of 717420 Wehmiller 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.
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 717420 Wehmiller supply chain. Even after few cautionary changes mentioned in the HBR case study - Truly Human Leadership at Barry-Wehmiller, Video Supplement, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left 717420 Wehmiller vulnerable to further global disruptions in South East Asia.
Interest costs
– Compare to the competition, 717420 Wehmiller 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.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Truly Human Leadership at Barry-Wehmiller, Video Supplement, is just above the industry average. 717420 Wehmiller 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.
High bargaining power of channel partners
– Because of the regulatory requirements, Jan W. Rivkin, Dylan Minor suggests that, 717420 Wehmiller 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.
Increasing silos among functional specialists
– The organizational structure of 717420 Wehmiller is dominated by functional specialists. It is not different from other players in the Strategy & Execution segment. 717420 Wehmiller needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help 717420 Wehmiller to focus more on services rather than just following the product oriented approach.
Skills based hiring
– The stress on hiring functional specialists at 717420 Wehmiller 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.
High cash cycle compare to competitors
717420 Wehmiller 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.
Workers concerns about automation
– As automation is fast increasing in the segment, 717420 Wehmiller 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.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Truly Human Leadership at Barry-Wehmiller, Video Supplement, in the dynamic environment 717420 Wehmiller has struggled to respond to the nimble upstart competition. 717420 Wehmiller has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Opportunities Truly Human Leadership at Barry-Wehmiller, Video Supplement | 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 Truly Human Leadership at Barry-Wehmiller, Video Supplement are -
Low interest rates
– Even though inflation is raising its head in most developed economies, 717420 Wehmiller 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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, 717420 Wehmiller can use these opportunities to build new business models that can help the communities that 717420 Wehmiller operates in. Secondly it can use opportunities from government spending in Strategy & Execution sector.
Developing new processes and practices
– 717420 Wehmiller can develop new processes and procedures in Strategy & Execution 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.
Buying journey improvements
– 717420 Wehmiller can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Truly Human Leadership at Barry-Wehmiller, Video Supplement 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.
Using analytics as competitive advantage
– 717420 Wehmiller 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 Truly Human Leadership at Barry-Wehmiller, Video Supplement - to build a competitive advantage using analytics. The analytics driven competitive advantage can help 717420 Wehmiller to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Building a culture of innovation
– managers at 717420 Wehmiller 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.
Better consumer reach
– The expansion of the 5G network will help 717420 Wehmiller to increase its market reach. 717420 Wehmiller 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.
Creating value in data economy
– The success of analytics program of 717420 Wehmiller has opened avenues for new revenue streams for the organization in the industry. This can help 717420 Wehmiller to build a more holistic ecosystem as suggested in the Truly Human Leadership at Barry-Wehmiller, Video Supplement case study. 717420 Wehmiller can build new products and services such as - data insight services, data privacy related products, data based consulting services, 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 717420 Wehmiller in the consumer business. Now 717420 Wehmiller can target international markets with far fewer capital restrictions requirements than the existing system.
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. 717420 Wehmiller 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. 717420 Wehmiller 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.
Learning at scale
– Online learning technologies has now opened space for 717420 Wehmiller 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, 717420 Wehmiller 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, Truly Human Leadership at Barry-Wehmiller, Video Supplement, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Reconfiguring business model
– The expansion of digital payment system, the bringing down of international transactions costs using Bitcoin and other blockchain based currencies, etc can help 717420 Wehmiller to reconfigure its entire business model. For example it can used blockchain based technologies to reduce piracy of its products in the big markets such as China. Secondly it can use the popularity of e-commerce in various developing markets to build a Direct to Customer business model rather than the current Channel Heavy distribution network.
Threats Truly Human Leadership at Barry-Wehmiller, Video Supplement External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Truly Human Leadership at Barry-Wehmiller, Video Supplement 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 717420 Wehmiller business can come under increasing regulations regarding data privacy, data security, etc.
Technology acceleration in Forth Industrial Revolution
– 717420 Wehmiller has witnessed rapid integration of technology during Covid-19 in the Strategy & Execution industry. As one of the leading players in the industry, 717420 Wehmiller 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.
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 717420 Wehmiller.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, 717420 Wehmiller 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 Truly Human Leadership at Barry-Wehmiller, Video Supplement .
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Truly Human Leadership at Barry-Wehmiller, Video Supplement, 717420 Wehmiller 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 .
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 717420 Wehmiller
– 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 717420 Wehmiller.
Shortening product life cycle
– it is one of the major threat that 717420 Wehmiller is facing in Strategy & Execution sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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. 717420 Wehmiller needs to understand the core reasons impacting the Strategy & Execution industry. This will help it in building a better workplace.
Regulatory challenges
– 717420 Wehmiller 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
– 717420 Wehmiller 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. 717420 Wehmiller can take advantage of this fund but it will also bring new competitors in the Strategy & Execution industry.
Stagnating economy with rate increase
– 717420 Wehmiller 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.
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.
Weighted SWOT Analysis of Truly Human Leadership at Barry-Wehmiller, Video Supplement 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 Truly Human Leadership at Barry-Wehmiller, Video Supplement 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 Truly Human Leadership at Barry-Wehmiller, Video Supplement 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 Truly Human Leadership at Barry-Wehmiller, Video Supplement 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 Truly Human Leadership at Barry-Wehmiller, Video Supplement 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 717420 Wehmiller needs to make to build a sustainable competitive advantage.