Swot Analysis of "Idea Generation and Selection: The Alternative Use Exercise, Handout" written by Jeremy Hutchison-Krupat includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Handout Uv7313 facing as an external strategic factors. Some of the topics covered in Idea Generation and Selection: The Alternative Use Exercise, Handout case study are - Strategic Management Strategies, Corporate governance, Creativity, Product development, Psychology and Technology & Operations.
Some of the macro environment factors that can be used to understand the Idea Generation and Selection: The Alternative Use Exercise, Handout casestudy better are - – increasing energy prices, customer relationship management is fast transforming because of increasing concerns over data privacy, banking and financial system is disrupted by Bitcoin and other crypto currencies, increasing inequality as vast percentage of new income is going to the top 1%, supply chains are disrupted by pandemic , increasing household debt because of falling income levels, increasing government debt because of Covid-19 spendings,
geopolitical disruptions, competitive advantages are harder to sustain because of technology dispersion, etc
Introduction to SWOT Analysis of Idea Generation and Selection: The Alternative Use Exercise, Handout
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Idea Generation and Selection: The Alternative Use Exercise, Handout case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Handout Uv7313, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Handout Uv7313 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 Idea Generation and Selection: The Alternative Use Exercise, Handout can be done for the following purposes –
1. Strategic planning using facts provided in Idea Generation and Selection: The Alternative Use Exercise, Handout case study
2. Improving business portfolio management of Handout Uv7313
3. Assessing feasibility of the new initiative in Technology & Operations field.
4. Making a Technology & Operations topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of Handout Uv7313
Strengths Idea Generation and Selection: The Alternative Use Exercise, Handout | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Handout Uv7313 in Idea Generation and Selection: The Alternative Use Exercise, Handout Harvard Business Review case study are -
Ability to recruit top talent
– Handout Uv7313 is one of the leading recruiters in the industry. Managers in the Idea Generation and Selection: The Alternative Use Exercise, Handout are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
High switching costs
– The high switching costs that Handout Uv7313 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.
Cross disciplinary teams
– Horizontal connected teams at the Handout Uv7313 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.
Organizational Resilience of Handout Uv7313
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Handout Uv7313 does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Analytics focus
– Handout Uv7313 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 Jeremy Hutchison-Krupat 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.
Highly skilled collaborators
– Handout Uv7313 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 Idea Generation and Selection: The Alternative Use Exercise, Handout HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Learning organization
- Handout Uv7313 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 Handout Uv7313 is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Idea Generation and Selection: The Alternative Use Exercise, Handout Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Strong track record of project management
– Handout Uv7313 is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Low bargaining power of suppliers
– Suppliers of Handout Uv7313 in the sector have low bargaining power. Idea Generation and Selection: The Alternative Use Exercise, Handout has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Handout Uv7313 to manage not only supply disruptions but also source products at highly competitive prices.
Operational resilience
– The operational resilience strategy in the Idea Generation and Selection: The Alternative Use Exercise, Handout 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.
Ability to lead change in Technology & Operations field
– Handout Uv7313 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 Handout Uv7313 in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Innovation driven organization
– Handout Uv7313 is one of the most innovative firm in sector. Manager in Idea Generation and Selection: The Alternative Use Exercise, Handout Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Weaknesses Idea Generation and Selection: The Alternative Use Exercise, Handout | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Idea Generation and Selection: The Alternative Use Exercise, Handout are -
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Handout Uv7313 is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Idea Generation and Selection: The Alternative Use Exercise, Handout can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Capital Spending Reduction
– Even during the low interest decade, Handout Uv7313 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 dependence on star products
– The top 2 products and services of the firm as mentioned in the Idea Generation and Selection: The Alternative Use Exercise, Handout 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 Handout Uv7313 has relatively successful track record of launching new products.
Increasing silos among functional specialists
– The organizational structure of Handout Uv7313 is dominated by functional specialists. It is not different from other players in the Technology & Operations segment. Handout Uv7313 needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Handout Uv7313 to focus more on services rather than just following the product oriented approach.
Products dominated business model
– Even though Handout Uv7313 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 - Idea Generation and Selection: The Alternative Use Exercise, Handout should strive to include more intangible value offerings along with its core products and services.
High cash cycle compare to competitors
Handout Uv7313 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.
Skills based hiring
– The stress on hiring functional specialists at Handout Uv7313 has created an environment where the organization is dominated by functional specialists rather than management generalist. This has resulted into product oriented approach rather than marketing oriented approach or consumers oriented approach.
High 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 Handout Uv7313 supply chain. Even after few cautionary changes mentioned in the HBR case study - Idea Generation and Selection: The Alternative Use Exercise, Handout, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Handout Uv7313 vulnerable to further global disruptions in South East Asia.
Slow to strategic competitive environment developments
– As Idea Generation and Selection: The Alternative Use Exercise, Handout HBR case study mentions - Handout Uv7313 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.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Idea Generation and Selection: The Alternative Use Exercise, Handout, in the dynamic environment Handout Uv7313 has struggled to respond to the nimble upstart competition. Handout Uv7313 has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
No frontier risks strategy
– After analyzing the HBR case study Idea Generation and Selection: The Alternative Use Exercise, Handout, it seems that company is thinking about the frontier risks that can impact Technology & Operations 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.
Opportunities Idea Generation and Selection: The Alternative Use Exercise, Handout | 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 Idea Generation and Selection: The Alternative Use Exercise, Handout are -
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Handout Uv7313 can use these opportunities to build new business models that can help the communities that Handout Uv7313 operates in. Secondly it can use opportunities from government spending in Technology & Operations sector.
Developing new processes and practices
– Handout Uv7313 can develop new processes and procedures in Technology & Operations 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.
Creating value in data economy
– The success of analytics program of Handout Uv7313 has opened avenues for new revenue streams for the organization in the industry. This can help Handout Uv7313 to build a more holistic ecosystem as suggested in the Idea Generation and Selection: The Alternative Use Exercise, Handout case study. Handout Uv7313 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 Handout Uv7313 in the consumer business. Now Handout Uv7313 can target international markets with far fewer capital restrictions requirements than the existing system.
Loyalty marketing
– Handout Uv7313 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.
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. Handout Uv7313 can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Handout Uv7313 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, Idea Generation and Selection: The Alternative Use Exercise, Handout, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Leveraging digital technologies
– Handout Uv7313 can leverage digital technologies such as artificial intelligence and machine learning to automate the production process, customer analytics to get better insights into consumer behavior, realtime digital dashboards to get better sales tracking, logistics and transportation, product tracking, etc.
Better consumer reach
– The expansion of the 5G network will help Handout Uv7313 to increase its market reach. Handout Uv7313 will be able to reach out to new customers. Secondly 5G will also provide technology framework to build new tools and products that can help more immersive consumer experience and faster consumer journey.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Handout Uv7313 in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Technology & Operations segment, and it will provide faster access to the consumers.
Low interest rates
– Even though inflation is raising its head in most developed economies, Handout Uv7313 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.
Using analytics as competitive advantage
– Handout Uv7313 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 Idea Generation and Selection: The Alternative Use Exercise, Handout - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Handout Uv7313 to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Building a culture of innovation
– managers at Handout Uv7313 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 Technology & Operations segment.
Threats Idea Generation and Selection: The Alternative Use Exercise, Handout External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Idea Generation and Selection: The Alternative Use Exercise, Handout are -
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Handout Uv7313 with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Handout Uv7313 in the Technology & Operations industry. The Technology & Operations 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.
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. Handout Uv7313 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.
Stagnating economy with rate increase
– Handout Uv7313 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.
Regulatory challenges
– Handout Uv7313 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 Technology & Operations industry regulations.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Handout Uv7313 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 Idea Generation and Selection: The Alternative Use Exercise, Handout .
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 Handout Uv7313.
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. Handout Uv7313 needs to understand the core reasons impacting the Technology & Operations industry. This will help it in building a better workplace.
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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Idea Generation and Selection: The Alternative Use Exercise, Handout, Handout Uv7313 may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Technology & Operations .
Consumer confidence and its impact on Handout Uv7313 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.
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 Handout Uv7313 in the Technology & Operations sector and impact the bottomline of the organization.
Shortening product life cycle
– it is one of the major threat that Handout Uv7313 is facing in Technology & Operations sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Weighted SWOT Analysis of Idea Generation and Selection: The Alternative Use Exercise, Handout 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 Idea Generation and Selection: The Alternative Use Exercise, Handout 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 Idea Generation and Selection: The Alternative Use Exercise, Handout 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 Idea Generation and Selection: The Alternative Use Exercise, Handout 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 Idea Generation and Selection: The Alternative Use Exercise, Handout 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 Handout Uv7313 needs to make to build a sustainable competitive advantage.
