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 - – increasing commodity prices, increasing transportation and logistics costs, competitive advantages are harder to sustain because of technology dispersion, digital marketing is dominated by two big players Facebook and Google, central banks are concerned over increasing inflation, challanges to central banks by blockchain based private currencies, wage bills are increasing,
customer relationship management is fast transforming because of increasing concerns over data privacy, there is increasing trade war between United States & China, 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 -
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.
High brand equity
– Sidhi Tribal has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Sidhi Tribal to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Cross disciplinary teams
– Horizontal connected teams at the Sidhi Tribal 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
– 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.
Training and development
– Sidhi Tribal has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Sidhi Tribal Women's Cooperative: Leadership Succession 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.
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.
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.
Sustainable margins compare to other players in Strategy & Execution industry
– Sidhi Tribal Women's Cooperative: Leadership Succession firm has clearly differentiated products in the market place. This has enabled Sidhi Tribal to fetch slight price premium compare to the competitors in the Strategy & Execution industry. The sustainable margins have also helped Sidhi Tribal to invest into research and development (R&D) and innovation.
Learning organization
- Sidhi Tribal 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 Sidhi Tribal is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Sidhi Tribal Women's Cooperative: Leadership Succession Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Operational resilience
– The operational resilience strategy in the Sidhi Tribal Women's Cooperative: Leadership Succession 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.
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.
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 -
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.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study Sidhi Tribal Women's Cooperative: Leadership Succession, it seems that the employees of Sidhi Tribal 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.
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.
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.
Interest costs
– Compare to the competition, Sidhi Tribal 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 Sidhi Tribal, firm in the HBR case study Sidhi Tribal Women's Cooperative: Leadership Succession needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
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.
Slow to strategic competitive environment developments
– As Sidhi Tribal Women's Cooperative: Leadership Succession HBR case study mentions - Sidhi Tribal takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the industry in last five years.
No frontier risks strategy
– After analyzing the HBR case study Sidhi Tribal Women's Cooperative: Leadership Succession, 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.
Products dominated business model
– Even though Sidhi Tribal 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 - Sidhi Tribal Women's Cooperative: Leadership Succession should strive to include more intangible value offerings along with its core products and services.
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.
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 -
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.
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.
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.
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 Sidhi Tribal 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.
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 Sidhi Tribal in the consumer business. Now Sidhi Tribal can target international markets with far fewer capital restrictions requirements than the existing system.
Building a culture of innovation
– managers at Sidhi Tribal 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.
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. Sidhi Tribal can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
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.
Manufacturing automation
– Sidhi Tribal 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Sidhi Tribal 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.
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.
Buying journey improvements
– Sidhi Tribal can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Sidhi Tribal Women's Cooperative: Leadership Succession 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.
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.
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 -
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 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.
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 Sidhi Tribal in the Strategy & Execution sector and impact the bottomline of the organization.
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.
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.
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.
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. Sidhi Tribal needs to understand the core reasons impacting the Strategy & Execution industry. This will help it in building a better workplace.
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 .
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.
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.
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.
Consumer confidence and its impact on Sidhi Tribal 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.
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.
