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 energy prices, competitive advantages are harder to sustain because of technology dispersion, increasing inequality as vast percentage of new income is going to the top 1%, supply chains are disrupted by pandemic , 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, 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 -
Superior customer experience
– The customer experience strategy of Sidhi Tribal in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 -
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.
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.
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.
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.
Workers concerns about automation
– As automation is fast increasing in the segment, Sidhi Tribal 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 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.
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.
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.
Lack of clear differentiation of Sidhi Tribal products
– To increase the profitability and margins on the products, Sidhi Tribal needs to provide more differentiated products than what it is currently offering in the marketplace.
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.
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.
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 -
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 -
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.
Increasing wage structure of Sidhi Tribal
– 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 Sidhi Tribal.
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.
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.
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.
Regulatory challenges
– Sidhi Tribal 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.
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.
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.
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 .
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.
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.
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.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Sidhi Tribal 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 Sidhi Tribal Women's Cooperative: Leadership Succession .
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.