Case Study Description of Public Entrepreneurship, Course Overview Note
This course is rooted in the belief that there is a large opportunity for creating value and solving large public problems if there are more inventors and builders inside government and more inventors and builders outside government, building for it. The course was created to advance that opportunity. It is designed for students who anticipate founding or joining private startup companies that sell to (or around) government to solve public problems; for students who plan to be extreme innovators inside government; and for students who may lead in different parts of the connected ecosystem, as investors, advisors, etc.
Swot Analysis of "Public Entrepreneurship, Course Overview Note" written by Mitchell Weiss includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Inventors Builders facing as an external strategic factors. Some of the topics covered in Public Entrepreneurship, Course Overview Note case study are - Strategic Management Strategies, Government, Innovation, Leadership and Innovation & Entrepreneurship.
Some of the macro environment factors that can be used to understand the Public Entrepreneurship, Course Overview Note casestudy better are - – increasing transportation and logistics costs, challanges to central banks by blockchain based private currencies, cloud computing is disrupting traditional business models, geopolitical disruptions, central banks are concerned over increasing inflation, banking and financial system is disrupted by Bitcoin and other crypto currencies, increasing household debt because of falling income levels,
supply chains are disrupted by pandemic , increasing energy prices, etc
Introduction to SWOT Analysis of Public Entrepreneurship, Course Overview Note
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Public Entrepreneurship, Course Overview Note case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Inventors Builders, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Inventors Builders 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 Public Entrepreneurship, Course Overview Note can be done for the following purposes –
1. Strategic planning using facts provided in Public Entrepreneurship, Course Overview Note case study
2. Improving business portfolio management of Inventors Builders
3. Assessing feasibility of the new initiative in Innovation & Entrepreneurship field.
4. Making a Innovation & Entrepreneurship topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of Inventors Builders
Strengths Public Entrepreneurship, Course Overview Note | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Inventors Builders in Public Entrepreneurship, Course Overview Note Harvard Business Review case study are -
Low bargaining power of suppliers
– Suppliers of Inventors Builders in the sector have low bargaining power. Public Entrepreneurship, Course Overview Note has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Inventors Builders to manage not only supply disruptions but also source products at highly competitive prices.
Ability to recruit top talent
– Inventors Builders is one of the leading recruiters in the industry. Managers in the Public Entrepreneurship, Course Overview Note 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
– Inventors Builders is present in almost all the verticals within the industry. This has provided firm in Public Entrepreneurship, Course Overview Note 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.
Innovation driven organization
– Inventors Builders is one of the most innovative firm in sector. Manager in Public Entrepreneurship, Course Overview Note Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Highly skilled collaborators
– Inventors Builders 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 Public Entrepreneurship, Course Overview Note HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Successful track record of launching new products
– Inventors Builders has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Inventors Builders 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.
Learning organization
- Inventors Builders 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 Inventors Builders is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Public Entrepreneurship, Course Overview Note Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Training and development
– Inventors Builders has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Public Entrepreneurship, Course Overview Note 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 lead change in Innovation & Entrepreneurship field
– Inventors Builders 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 Inventors Builders in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Organizational Resilience of Inventors Builders
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Inventors Builders does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Strong track record of project management
– Inventors Builders is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Effective Research and Development (R&D)
– Inventors Builders has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in, as mentioned in case study Public Entrepreneurship, Course Overview Note - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Weaknesses Public Entrepreneurship, Course Overview Note | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Public Entrepreneurship, Course Overview Note are -
Aligning sales with marketing
– It come across in the case study Public Entrepreneurship, Course Overview Note 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 Public Entrepreneurship, Course Overview Note can leverage the sales team experience to cultivate customer relationships as Inventors Builders is planning to shift buying processes online.
Need for greater diversity
– Inventors Builders has taken concrete steps on diversity, equity, and inclusion. But the efforts so far has resulted in limited success. It needs to expand the recruitment and selection process to hire more people from the minorities and underprivileged background.
High bargaining power of channel partners
– Because of the regulatory requirements, Mitchell Weiss suggests that, Inventors Builders 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.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Inventors Builders is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Public Entrepreneurship, Course Overview Note 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, Inventors Builders 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.
Increasing silos among functional specialists
– The organizational structure of Inventors Builders is dominated by functional specialists. It is not different from other players in the Innovation & Entrepreneurship segment. Inventors Builders needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Inventors Builders to focus more on services rather than just following the product oriented approach.
Low market penetration in new markets
– Outside its home market of Inventors Builders, firm in the HBR case study Public Entrepreneurship, Course Overview Note needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
No frontier risks strategy
– After analyzing the HBR case study Public Entrepreneurship, Course Overview Note, it seems that company is thinking about the frontier risks that can impact Innovation & Entrepreneurship 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.
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 Inventors Builders supply chain. Even after few cautionary changes mentioned in the HBR case study - Public Entrepreneurship, Course Overview Note, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Inventors Builders vulnerable to further global disruptions in South East Asia.
High operating costs
– Compare to the competitors, firm in the HBR case study Public Entrepreneurship, Course Overview Note 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 Inventors Builders 's lucrative customers.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Public Entrepreneurship, Course Overview Note, in the dynamic environment Inventors Builders has struggled to respond to the nimble upstart competition. Inventors Builders has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Opportunities Public Entrepreneurship, Course Overview Note | 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 Public Entrepreneurship, Course Overview Note are -
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. Inventors Builders can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Loyalty marketing
– Inventors Builders 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.
Manufacturing automation
– Inventors Builders can use the latest technology developments to improve its manufacturing and designing process in Innovation & Entrepreneurship 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Inventors Builders in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Innovation & Entrepreneurship segment, and it will provide faster access to the consumers.
Creating value in data economy
– The success of analytics program of Inventors Builders has opened avenues for new revenue streams for the organization in the industry. This can help Inventors Builders to build a more holistic ecosystem as suggested in the Public Entrepreneurship, Course Overview Note case study. Inventors Builders can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Leveraging digital technologies
– Inventors Builders 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.
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 Inventors Builders in the consumer business. Now Inventors Builders can target international markets with far fewer capital restrictions requirements than the existing system.
Buying journey improvements
– Inventors Builders can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Public Entrepreneurship, Course Overview Note 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.
Building a culture of innovation
– managers at Inventors Builders 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 Innovation & Entrepreneurship segment.
Better consumer reach
– The expansion of the 5G network will help Inventors Builders to increase its market reach. Inventors Builders 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Inventors Builders 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, Public Entrepreneurship, Course Overview Note, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Inventors Builders is facing challenges because of the dominance of functional experts in the organization. Public Entrepreneurship, Course Overview Note 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Inventors Builders 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 Inventors Builders to hire the very best people irrespective of their geographical location.
Threats Public Entrepreneurship, Course Overview Note External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Public Entrepreneurship, Course Overview Note are -
Environmental challenges
– Inventors Builders 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. Inventors Builders can take advantage of this fund but it will also bring new competitors in the Innovation & Entrepreneurship industry.
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 Inventors Builders.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Inventors Builders with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
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.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Inventors Builders 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 Public Entrepreneurship, Course Overview Note .
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. Inventors Builders needs to understand the core reasons impacting the Innovation & Entrepreneurship industry. This will help it in building a better workplace.
High dependence on third party suppliers
– Inventors Builders 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.
Increasing wage structure of Inventors Builders
– 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 Inventors Builders.
Stagnating economy with rate increase
– Inventors Builders 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 Inventors Builders business can come under increasing regulations regarding data privacy, data security, etc.
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 Inventors Builders in the Innovation & Entrepreneurship sector and impact the bottomline of the organization.
Easy access to finance
– Easy access to finance in Innovation & Entrepreneurship field will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Inventors Builders can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Public Entrepreneurship, Course Overview Note, Inventors Builders may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Innovation & Entrepreneurship .
Weighted SWOT Analysis of Public Entrepreneurship, Course Overview Note 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 Public Entrepreneurship, Course Overview Note 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 Public Entrepreneurship, Course Overview Note 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 Public Entrepreneurship, Course Overview Note 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 Public Entrepreneurship, Course Overview Note 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 Inventors Builders needs to make to build a sustainable competitive advantage.