Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
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Case Study Description of Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics
The case describes how Justin Trudeau came from a seemingly hopeless third place (in the party rankings) to win a stunning majority and become Canada's 23rd prime minister. Trudeau's win is analysed through a Blue Ocean lens, showing how his campaign broke with the traditional rules of engagement by reaching out to non-voters, and increasing willingness-to-vote while lowering the cost-of-voter acquisition.
Swot Analysis of "Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics" written by Fares Boulos includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Trudeau Justin facing as an external strategic factors. Some of the topics covered in Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics case study are - Strategic Management Strategies, Policy and Strategy & Execution.
Some of the macro environment factors that can be used to understand the Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics casestudy better are - – increasing inequality as vast percentage of new income is going to the top 1%, there is backlash against globalization, technology disruption, there is increasing trade war between United States & China, wage bills are increasing, increasing household debt because of falling income levels, banking and financial system is disrupted by Bitcoin and other crypto currencies,
supply chains are disrupted by pandemic , talent flight as more people leaving formal jobs, etc
Introduction to SWOT Analysis of Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Trudeau Justin, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Trudeau Justin 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics can be done for the following purposes –
1. Strategic planning using facts provided in Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics case study
2. Improving business portfolio management of Trudeau Justin
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 Trudeau Justin
Strengths Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Trudeau Justin in Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics Harvard Business Review case study are -
Successful track record of launching new products
– Trudeau Justin has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Trudeau Justin 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
– Trudeau Justin has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Trudeau Justin to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Innovation driven organization
– Trudeau Justin is one of the most innovative firm in sector. Manager in Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Training and development
– Trudeau Justin has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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.
Operational resilience
– The operational resilience strategy in the Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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.
Low bargaining power of suppliers
– Suppliers of Trudeau Justin in the sector have low bargaining power. Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Trudeau Justin to manage not only supply disruptions but also source products at highly competitive prices.
Sustainable margins compare to other players in Strategy & Execution industry
– Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics firm has clearly differentiated products in the market place. This has enabled Trudeau Justin to fetch slight price premium compare to the competitors in the Strategy & Execution industry. The sustainable margins have also helped Trudeau Justin to invest into research and development (R&D) and innovation.
Highly skilled collaborators
– Trudeau Justin 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Diverse revenue streams
– Trudeau Justin is present in almost all the verticals within the industry. This has provided firm in Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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.
Organizational Resilience of Trudeau Justin
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Trudeau Justin does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Cross disciplinary teams
– Horizontal connected teams at the Trudeau Justin 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.
Superior customer experience
– The customer experience strategy of Trudeau Justin in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Weaknesses Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics are -
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics, is just above the industry average. Trudeau Justin 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.
Capital Spending Reduction
– Even during the low interest decade, Trudeau Justin has not been able to do capital spending to the tune of the competition. This has resulted into fewer innovations and company facing stiff competition from both existing competitors and new entrants who are disrupting the industry using digital technology.
Slow decision making process
– As mentioned earlier in the report, Trudeau Justin 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. Trudeau Justin 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.
No frontier risks strategy
– After analyzing the HBR case study Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics, 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.
Skills based hiring
– The stress on hiring functional specialists at Trudeau Justin 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 operating costs
– Compare to the competitors, firm in the HBR case study Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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 Trudeau Justin 's lucrative customers.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics, in the dynamic environment Trudeau Justin has struggled to respond to the nimble upstart competition. Trudeau Justin has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
High cash cycle compare to competitors
Trudeau Justin 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.
Aligning sales with marketing
– It come across in the case study Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics can leverage the sales team experience to cultivate customer relationships as Trudeau Justin is planning to shift buying processes online.
Need for greater diversity
– Trudeau Justin 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.
Products dominated business model
– Even though Trudeau Justin 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 - Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics should strive to include more intangible value offerings along with its core products and services.
Opportunities Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics | 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics are -
Learning at scale
– Online learning technologies has now opened space for Trudeau Justin 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.
Creating value in data economy
– The success of analytics program of Trudeau Justin has opened avenues for new revenue streams for the organization in the industry. This can help Trudeau Justin to build a more holistic ecosystem as suggested in the Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics case study. Trudeau Justin can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Buying journey improvements
– Trudeau Justin can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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.
Developing new processes and practices
– Trudeau Justin 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
– Trudeau Justin 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Trudeau Justin 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 Trudeau Justin can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Building a culture of innovation
– managers at Trudeau Justin 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.
Manufacturing automation
– Trudeau Justin 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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Trudeau Justin can use these opportunities to build new business models that can help the communities that Trudeau Justin operates in. Secondly it can use opportunities from government spending in Strategy & Execution sector.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Trudeau Justin is facing challenges because of the dominance of functional experts in the organization. Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Trudeau Justin 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, Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Trudeau Justin 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.
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 Trudeau Justin in the consumer business. Now Trudeau Justin can target international markets with far fewer capital restrictions requirements than the existing system.
Threats Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics, Trudeau Justin 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 Trudeau Justin 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.
Shortening product life cycle
– it is one of the major threat that Trudeau Justin is facing in Strategy & Execution sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Stagnating economy with rate increase
– Trudeau Justin 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.
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 Trudeau Justin.
Increasing wage structure of Trudeau Justin
– 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 Trudeau Justin.
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. Trudeau Justin 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.
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 Trudeau Justin in the Strategy & Execution sector and impact the bottomline of the organization.
Technology acceleration in Forth Industrial Revolution
– Trudeau Justin has witnessed rapid integration of technology during Covid-19 in the Strategy & Execution industry. As one of the leading players in the industry, Trudeau Justin 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.
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. Trudeau Justin can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
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.
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.
Environmental challenges
– Trudeau Justin 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. Trudeau Justin can take advantage of this fund but it will also bring new competitors in the Strategy & Execution industry.
Weighted SWOT Analysis of Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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 Justin Trudeau Wins 2015 Canada Election: A Blue Ocean Strategy in Politics 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 Trudeau Justin needs to make to build a sustainable competitive advantage.
