Case Study Description of Sidhi Tribal Women's Cooperative: Leadership Succession
Sidhi was a cooperative society aimed at rehabilitating destitute tribal women living in one of the poorest states in India. Most of these women were illiterate or had only primary education. A professionally educated non-tribal social entrepreneur has helped these women to set up cottage industries and earn a decent living. Because of her own health concerns, this social entrepreneur needs to resign. Her successor needs to be a woman who can arrange for funding, coordinate the funding and training, and liaise with both the government authorities and the vendors. The challenge is to either identify such a leader among the illiterate women or to recruit an outsider, who will understand Sidhi's needs and be accepted by the Sidhi membership. Meeta Dasgupta is affiliated with Management Development Institute.
Swot Analysis of "Sidhi Tribal Women's Cooperative: Leadership Succession" written by Alaknanda Menon, Meeta Dasgupta includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Sidhi Tribal facing as an external strategic factors. Some of the topics covered in Sidhi Tribal Women's Cooperative: Leadership Succession case study are - Strategic Management Strategies, International business, Leadership, Strategy and Strategy & Execution.
Some of the macro environment factors that can be used to understand the Sidhi Tribal Women's Cooperative: Leadership Succession casestudy better are - – challanges to central banks by blockchain based private currencies, technology disruption, increasing energy prices, talent flight as more people leaving formal jobs, banking and financial system is disrupted by Bitcoin and other crypto currencies, digital marketing is dominated by two big players Facebook and Google, customer relationship management is fast transforming because of increasing concerns over data privacy,
central banks are concerned over increasing inflation, geopolitical disruptions, etc
Introduction to SWOT Analysis of Sidhi Tribal Women's Cooperative: Leadership Succession
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Sidhi Tribal Women's Cooperative: Leadership Succession case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Sidhi Tribal, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Sidhi Tribal 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 Sidhi Tribal Women's Cooperative: Leadership Succession can be done for the following purposes –
1. Strategic planning using facts provided in Sidhi Tribal Women's Cooperative: Leadership Succession case study
2. Improving business portfolio management of Sidhi Tribal
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 Sidhi Tribal
Strengths Sidhi Tribal Women's Cooperative: Leadership Succession | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Sidhi Tribal in Sidhi Tribal Women's Cooperative: Leadership Succession Harvard Business Review case study are -
Innovation driven organization
– Sidhi Tribal is one of the most innovative firm in sector. Manager in Sidhi Tribal Women's Cooperative: Leadership Succession Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Highly skilled collaborators
– Sidhi Tribal 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 Sidhi Tribal Women's Cooperative: Leadership Succession HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Diverse revenue streams
– Sidhi Tribal is present in almost all the verticals within the industry. This has provided firm in Sidhi Tribal Women's Cooperative: Leadership Succession case study a diverse revenue stream that has helped it to survive disruptions such as global pandemic in Covid-19, financial disruption of 2008, and supply chain disruption of 2021.
Ability to lead change in Strategy & Execution field
– Sidhi Tribal 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 Sidhi Tribal in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Strong track record of project management
– Sidhi Tribal is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Effective Research and Development (R&D)
– Sidhi Tribal 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 Sidhi Tribal Women's Cooperative: Leadership Succession - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Digital Transformation in Strategy & Execution segment
- digital transformation varies from industry to industry. For Sidhi Tribal digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Sidhi Tribal 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.
Low bargaining power of suppliers
– Suppliers of Sidhi Tribal in the sector have low bargaining power. Sidhi Tribal Women's Cooperative: Leadership Succession has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Sidhi Tribal to manage not only supply disruptions but also source products at highly competitive prices.
High switching costs
– The high switching costs that Sidhi Tribal 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.
Analytics focus
– Sidhi Tribal is putting a lot of focus on utilizing the power of analytics in business decision making. This has put it among the leading players in the industry. The technology infrastructure suggested by Alaknanda Menon, Meeta Dasgupta can also help it to harness the power of analytics for – marketing optimization, demand forecasting, customer relationship management, inventory management, information sharing across the value chain etc.
Ability to recruit top talent
– Sidhi Tribal is one of the leading recruiters in the industry. Managers in the Sidhi Tribal Women's Cooperative: Leadership Succession are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Successful track record of launching new products
– Sidhi Tribal has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Sidhi Tribal 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.
Weaknesses Sidhi Tribal Women's Cooperative: Leadership Succession | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Sidhi Tribal Women's Cooperative: Leadership Succession are -
Need for greater diversity
– Sidhi Tribal 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 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 Sidhi Tribal supply chain. Even after few cautionary changes mentioned in the HBR case study - Sidhi Tribal Women's Cooperative: Leadership Succession, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Sidhi Tribal vulnerable to further global disruptions in South East Asia.
High dependence on star products
– The top 2 products and services of the firm as mentioned in the Sidhi Tribal Women's Cooperative: Leadership Succession 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 Sidhi Tribal has relatively successful track record of launching new products.
Increasing silos among functional specialists
– The organizational structure of Sidhi Tribal is dominated by functional specialists. It is not different from other players in the Strategy & Execution segment. Sidhi Tribal needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Sidhi Tribal to focus more on services rather than just following the product oriented approach.
Capital Spending Reduction
– Even during the low interest decade, Sidhi Tribal 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.
High cash cycle compare to competitors
Sidhi Tribal 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 Sidhi Tribal Women's Cooperative: Leadership Succession 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 Sidhi Tribal Women's Cooperative: Leadership Succession can leverage the sales team experience to cultivate customer relationships as Sidhi Tribal is planning to shift buying processes online.
Slow decision making process
– As mentioned earlier in the report, Sidhi Tribal 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. Sidhi Tribal even though has strong showing on digital transformation primary two stages, it has struggled to capitalize the power of digital transformation in marketing efforts and new venture efforts.
High operating costs
– Compare to the competitors, firm in the HBR case study Sidhi Tribal Women's Cooperative: Leadership Succession 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 Sidhi Tribal 's lucrative customers.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Sidhi Tribal Women's Cooperative: Leadership Succession, in the dynamic environment Sidhi Tribal has struggled to respond to the nimble upstart competition. Sidhi Tribal has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
High bargaining power of channel partners
– Because of the regulatory requirements, Alaknanda Menon, Meeta Dasgupta suggests that, Sidhi Tribal 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.
Opportunities Sidhi Tribal Women's Cooperative: Leadership Succession | 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 Sidhi Tribal Women's Cooperative: Leadership Succession are -
Loyalty marketing
– Sidhi Tribal 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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Sidhi Tribal can use these opportunities to build new business models that can help the communities that Sidhi Tribal operates in. Secondly it can use opportunities from government spending in Strategy & Execution sector.
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. Sidhi Tribal 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. Sidhi Tribal 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Sidhi Tribal can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
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. Sidhi Tribal can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Sidhi Tribal 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 Sidhi Tribal to hire the very best people irrespective of their geographical location.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Sidhi Tribal 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, Sidhi Tribal Women's Cooperative: Leadership Succession, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Creating value in data economy
– The success of analytics program of Sidhi Tribal has opened avenues for new revenue streams for the organization in the industry. This can help Sidhi Tribal to build a more holistic ecosystem as suggested in the Sidhi Tribal Women's Cooperative: Leadership Succession case study. Sidhi Tribal can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Learning at scale
– Online learning technologies has now opened space for Sidhi Tribal 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Sidhi Tribal 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.
Developing new processes and practices
– Sidhi Tribal 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
– Sidhi Tribal 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 Sidhi Tribal Women's Cooperative: Leadership Succession - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Sidhi Tribal 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, Sidhi Tribal is facing challenges because of the dominance of functional experts in the organization. Sidhi Tribal Women's Cooperative: Leadership Succession 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.
Threats Sidhi Tribal Women's Cooperative: Leadership Succession External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Sidhi Tribal Women's Cooperative: Leadership Succession are -
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Sidhi Tribal in the Strategy & Execution industry. The Strategy & Execution industry is already at various protected from local competition in China, with the rise of trade war the protection levels may go up. This presents a clear threat of current business model in Chinese market.
Environmental challenges
– Sidhi Tribal 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. Sidhi Tribal can take advantage of this fund but it will also bring new competitors in the Strategy & Execution industry.
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.
High dependence on third party suppliers
– Sidhi Tribal high dependence on third party suppliers can disrupt its processes and delivery mechanism. For example -the current troubles of car makers because of chip shortage is because the chip companies started producing chips for electronic companies rather than car manufacturers.
Technology acceleration in Forth Industrial Revolution
– Sidhi Tribal has witnessed rapid integration of technology during Covid-19 in the Strategy & Execution industry. As one of the leading players in the industry, Sidhi Tribal 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.
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. Sidhi Tribal 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.
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 Sidhi Tribal.
Stagnating economy with rate increase
– Sidhi Tribal 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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Sidhi Tribal Women's Cooperative: Leadership Succession, Sidhi Tribal 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 .
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. Sidhi Tribal can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
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 Sidhi Tribal business can come under increasing regulations regarding data privacy, data security, etc.
Shortening product life cycle
– it is one of the major threat that Sidhi Tribal is facing in Strategy & Execution sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Sidhi Tribal with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Weighted SWOT Analysis of Sidhi Tribal Women's Cooperative: Leadership Succession 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 Sidhi Tribal Women's Cooperative: Leadership Succession 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 Sidhi Tribal Women's Cooperative: Leadership Succession 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 Sidhi Tribal Women's Cooperative: Leadership Succession 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 Sidhi Tribal Women's Cooperative: Leadership Succession 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 Sidhi Tribal needs to make to build a sustainable competitive advantage.