Swot Analysis of "GEM 15: Country Development Strategies in 15 Statistics" written by Aldo Musacchio, Eric Werker includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that 15 Gem facing as an external strategic factors. Some of the topics covered in GEM 15: Country Development Strategies in 15 Statistics case study are - Strategic Management Strategies, Government, International business, Strategy and Strategy & Execution.
Some of the macro environment factors that can be used to understand the GEM 15: Country Development Strategies in 15 Statistics casestudy better are - – challanges to central banks by blockchain based private currencies, increasing transportation and logistics costs, there is backlash against globalization, digital marketing is dominated by two big players Facebook and Google, technology disruption, talent flight as more people leaving formal jobs, customer relationship management is fast transforming because of increasing concerns over data privacy,
increasing government debt because of Covid-19 spendings, increasing commodity prices, etc
Introduction to SWOT Analysis of GEM 15: Country Development Strategies in 15 Statistics
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in GEM 15: Country Development Strategies in 15 Statistics case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the 15 Gem, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which 15 Gem 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 GEM 15: Country Development Strategies in 15 Statistics can be done for the following purposes –
1. Strategic planning using facts provided in GEM 15: Country Development Strategies in 15 Statistics case study
2. Improving business portfolio management of 15 Gem
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 15 Gem
Strengths GEM 15: Country Development Strategies in 15 Statistics | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of 15 Gem in GEM 15: Country Development Strategies in 15 Statistics Harvard Business Review case study are -
Effective Research and Development (R&D)
– 15 Gem 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 GEM 15: Country Development Strategies in 15 Statistics - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Successful track record of launching new products
– 15 Gem has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. 15 Gem 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.
High brand equity
– 15 Gem has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled 15 Gem to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Ability to lead change in Strategy & Execution field
– 15 Gem 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 15 Gem in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Cross disciplinary teams
– Horizontal connected teams at the 15 Gem 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.
High switching costs
– The high switching costs that 15 Gem 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.
Ability to recruit top talent
– 15 Gem is one of the leading recruiters in the industry. Managers in the GEM 15: Country Development Strategies in 15 Statistics are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Superior customer experience
– The customer experience strategy of 15 Gem in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Organizational Resilience of 15 Gem
– The covid-19 pandemic has put organizational resilience at the centre of everthing that 15 Gem does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Strong track record of project management
– 15 Gem is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Sustainable margins compare to other players in Strategy & Execution industry
– GEM 15: Country Development Strategies in 15 Statistics firm has clearly differentiated products in the market place. This has enabled 15 Gem to fetch slight price premium compare to the competitors in the Strategy & Execution industry. The sustainable margins have also helped 15 Gem to invest into research and development (R&D) and innovation.
Highly skilled collaborators
– 15 Gem 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 GEM 15: Country Development Strategies in 15 Statistics HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Weaknesses GEM 15: Country Development Strategies in 15 Statistics | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of GEM 15: Country Development Strategies in 15 Statistics are -
Workers concerns about automation
– As automation is fast increasing in the segment, 15 Gem 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.
High dependence on star products
– The top 2 products and services of the firm as mentioned in the GEM 15: Country Development Strategies in 15 Statistics 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 15 Gem has relatively successful track record of launching new products.
Products dominated business model
– Even though 15 Gem 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 - GEM 15: Country Development Strategies in 15 Statistics should strive to include more intangible value offerings along with its core products and services.
Interest costs
– Compare to the competition, 15 Gem 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.
Low market penetration in new markets
– Outside its home market of 15 Gem, firm in the HBR case study GEM 15: Country Development Strategies in 15 Statistics needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Lack of clear differentiation of 15 Gem products
– To increase the profitability and margins on the products, 15 Gem needs to provide more differentiated products than what it is currently offering in the marketplace.
High bargaining power of channel partners
– Because of the regulatory requirements, Aldo Musacchio, Eric Werker suggests that, 15 Gem 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.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study GEM 15: Country Development Strategies in 15 Statistics, in the dynamic environment 15 Gem has struggled to respond to the nimble upstart competition. 15 Gem has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
High operating costs
– Compare to the competitors, firm in the HBR case study GEM 15: Country Development Strategies in 15 Statistics 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 15 Gem 's lucrative customers.
No frontier risks strategy
– After analyzing the HBR case study GEM 15: Country Development Strategies in 15 Statistics, 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.
Increasing silos among functional specialists
– The organizational structure of 15 Gem is dominated by functional specialists. It is not different from other players in the Strategy & Execution segment. 15 Gem needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help 15 Gem to focus more on services rather than just following the product oriented approach.
Opportunities GEM 15: Country Development Strategies in 15 Statistics | 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 GEM 15: Country Development Strategies in 15 Statistics are -
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. 15 Gem can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Developing new processes and practices
– 15 Gem 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.
Using analytics as competitive advantage
– 15 Gem 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 GEM 15: Country Development Strategies in 15 Statistics - to build a competitive advantage using analytics. The analytics driven competitive advantage can help 15 Gem to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Redefining models of collaboration and team work
– As explained in the weaknesses section, 15 Gem is facing challenges because of the dominance of functional experts in the organization. GEM 15: Country Development Strategies in 15 Statistics 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.
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. 15 Gem can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Better consumer reach
– The expansion of the 5G network will help 15 Gem to increase its market reach. 15 Gem 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 15 Gem 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 15 Gem to hire the very best people irrespective of their geographical location.
Leveraging digital technologies
– 15 Gem 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.
Creating value in data economy
– The success of analytics program of 15 Gem has opened avenues for new revenue streams for the organization in the industry. This can help 15 Gem to build a more holistic ecosystem as suggested in the GEM 15: Country Development Strategies in 15 Statistics case study. 15 Gem can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, 15 Gem 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, GEM 15: Country Development Strategies in 15 Statistics, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
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 15 Gem in the consumer business. Now 15 Gem can target international markets with far fewer capital restrictions requirements than the existing system.
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 15 Gem 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.
Learning at scale
– Online learning technologies has now opened space for 15 Gem 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 GEM 15: Country Development Strategies in 15 Statistics External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study GEM 15: Country Development Strategies in 15 Statistics are -
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study GEM 15: Country Development Strategies in 15 Statistics, 15 Gem 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 .
Shortening product life cycle
– it is one of the major threat that 15 Gem is facing in Strategy & Execution sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
High dependence on third party suppliers
– 15 Gem 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.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, 15 Gem 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 GEM 15: Country Development Strategies in 15 Statistics .
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. 15 Gem can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Stagnating economy with rate increase
– 15 Gem 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.
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 15 Gem.
Environmental challenges
– 15 Gem 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. 15 Gem can take advantage of this fund but it will also bring new competitors in the Strategy & Execution industry.
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 15 Gem
– 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 15 Gem.
Regulatory challenges
– 15 Gem 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.
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. 15 Gem needs to understand the core reasons impacting the Strategy & Execution industry. This will help it in building a better workplace.
Weighted SWOT Analysis of GEM 15: Country Development Strategies in 15 Statistics 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 GEM 15: Country Development Strategies in 15 Statistics 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 GEM 15: Country Development Strategies in 15 Statistics 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 GEM 15: Country Development Strategies in 15 Statistics 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 GEM 15: Country Development Strategies in 15 Statistics 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 15 Gem needs to make to build a sustainable competitive advantage.
