India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
Strategy & Execution
Strategy / MBA Resources
Case Study SWOT Analysis Solution
Case Study Description of India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship
There are not many families in the world that can claim continuity of existence for over 76 generations in either business or otherwise. Families that manage such a feat tend to have strong roots of values and culture that are in line with the basic principles of trusteeship - to preserve and grow wealth (both material and spiritual) for the benefit of future generations. This case is based on the history of and current challenges faced by such a family, the Mewar dynasty from India.
Authors :: K. Ramachandran, John Ward, Rachna Jha, Sachin Waikar
Swot Analysis of "India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship" written by K. Ramachandran, John Ward, Rachna Jha, Sachin Waikar includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Mewar Generations facing as an external strategic factors. Some of the topics covered in India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship case study are - Strategic Management Strategies, International business, Leadership, Succession planning and Strategy & Execution.
Some of the macro environment factors that can be used to understand the India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship casestudy better are - – there is increasing trade war between United States & China, wage bills are increasing, banking and financial system is disrupted by Bitcoin and other crypto currencies, supply chains are disrupted by pandemic , 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,
competitive advantages are harder to sustain because of technology dispersion, technology disruption, etc
Introduction to SWOT Analysis of India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Mewar Generations, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Mewar Generations 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship can be done for the following purposes –
1. Strategic planning using facts provided in India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship case study
2. Improving business portfolio management of Mewar Generations
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 Mewar Generations
Strengths India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Mewar Generations in India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship Harvard Business Review case study are -
Diverse revenue streams
– Mewar Generations is present in almost all the verticals within the industry. This has provided firm in India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship 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.
Analytics focus
– Mewar Generations 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 K. Ramachandran, John Ward, Rachna Jha, Sachin Waikar 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.
Learning organization
- Mewar Generations 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 Mewar Generations is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Sustainable margins compare to other players in Strategy & Execution industry
– India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship firm has clearly differentiated products in the market place. This has enabled Mewar Generations to fetch slight price premium compare to the competitors in the Strategy & Execution industry. The sustainable margins have also helped Mewar Generations to invest into research and development (R&D) and innovation.
Innovation driven organization
– Mewar Generations is one of the most innovative firm in sector. Manager in India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Superior customer experience
– The customer experience strategy of Mewar Generations in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
High brand equity
– Mewar Generations has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Mewar Generations to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Highly skilled collaborators
– Mewar Generations 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Organizational Resilience of Mewar Generations
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Mewar Generations does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Ability to recruit top talent
– Mewar Generations is one of the leading recruiters in the industry. Managers in the India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Low bargaining power of suppliers
– Suppliers of Mewar Generations in the sector have low bargaining power. India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Mewar Generations to manage not only supply disruptions but also source products at highly competitive prices.
Successful track record of launching new products
– Mewar Generations has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Mewar Generations 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship are -
High cash cycle compare to competitors
Mewar Generations 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.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Mewar Generations is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Interest costs
– Compare to the competition, Mewar Generations 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.
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 Mewar Generations supply chain. Even after few cautionary changes mentioned in the HBR case study - India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Mewar Generations vulnerable to further global disruptions in South East Asia.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship, in the dynamic environment Mewar Generations has struggled to respond to the nimble upstart competition. Mewar Generations has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Aligning sales with marketing
– It come across in the case study India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship can leverage the sales team experience to cultivate customer relationships as Mewar Generations is planning to shift buying processes online.
Capital Spending Reduction
– Even during the low interest decade, Mewar Generations 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.
Lack of clear differentiation of Mewar Generations products
– To increase the profitability and margins on the products, Mewar Generations needs to provide more differentiated products than what it is currently offering in the marketplace.
High bargaining power of channel partners
– Because of the regulatory requirements, K. Ramachandran, John Ward, Rachna Jha, Sachin Waikar suggests that, Mewar Generations 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.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship, it seems that the employees of Mewar Generations 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.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship, is just above the industry average. Mewar Generations 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.
Opportunities India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship | 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship are -
Using analytics as competitive advantage
– Mewar Generations 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Mewar Generations to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Mewar Generations 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, India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Learning at scale
– Online learning technologies has now opened space for Mewar Generations 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.
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 Mewar Generations in the consumer business. Now Mewar Generations can target international markets with far fewer capital restrictions requirements than the existing system.
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. Mewar Generations 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. Mewar Generations 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.
Loyalty marketing
– Mewar Generations 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.
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 Mewar Generations 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.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Mewar Generations is facing challenges because of the dominance of functional experts in the organization. India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship 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.
Manufacturing automation
– Mewar Generations 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.
Buying journey improvements
– Mewar Generations can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship 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.
Creating value in data economy
– The success of analytics program of Mewar Generations has opened avenues for new revenue streams for the organization in the industry. This can help Mewar Generations to build a more holistic ecosystem as suggested in the India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship case study. Mewar Generations can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Low interest rates
– Even though inflation is raising its head in most developed economies, Mewar Generations 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.
Developing new processes and practices
– Mewar Generations 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.
Threats India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship are -
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. Mewar Generations needs to understand the core reasons impacting the Strategy & Execution industry. This will help it in building a better workplace.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Mewar Generations 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship .
Environmental challenges
– Mewar Generations 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. Mewar Generations can take advantage of this fund but it will also bring new competitors in the Strategy & Execution industry.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Mewar Generations with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
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. Mewar Generations 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 Mewar Generations is facing in Strategy & Execution sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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. Mewar Generations 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.
High dependence on third party suppliers
– Mewar Generations 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.
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 Mewar Generations in the Strategy & Execution sector and impact the bottomline of the organization.
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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship, Mewar Generations 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 Mewar Generations 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.
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.
Weighted SWOT Analysis of India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship 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 India's Mewar Dynasty: Upholding 76 Generations of Service and Custodianship 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 Mewar Generations needs to make to build a sustainable competitive advantage.
