Case Study Description of Interplanetary Tourism Brochure
The exercise provides an opportunity to experience hands-on the running of a couple of cycles of an agile project, consisting of the designing of a brochure for aliens visiting the Earth. Student teams are provided with a list of features (user stories) that the brochure should include to satisfy the users and the students design the prototype. To do so, students must first prioritize the requested features, estimate them using story points, and then move them from the Product Backlog, to the Cycle Backlog, to Doing and finally Done stages by running agile cycles, including Standup meetings, Cycle Review, Cycle Retrospective, etc.
Swot Analysis of "Interplanetary Tourism Brochure" written by Jaume Ribera includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Brochure Backlog facing as an external strategic factors. Some of the topics covered in Interplanetary Tourism Brochure case study are - Strategic Management Strategies, and Technology & Operations.
Some of the macro environment factors that can be used to understand the Interplanetary Tourism Brochure casestudy better are - – banking and financial system is disrupted by Bitcoin and other crypto currencies, central banks are concerned over increasing inflation, increasing household debt because of falling income levels, there is increasing trade war between United States & China, competitive advantages are harder to sustain because of technology dispersion, talent flight as more people leaving formal jobs, challanges to central banks by blockchain based private currencies,
technology disruption, increasing government debt because of Covid-19 spendings, etc
Introduction to SWOT Analysis of Interplanetary Tourism Brochure
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Interplanetary Tourism Brochure case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Brochure Backlog, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Brochure Backlog 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 Interplanetary Tourism Brochure can be done for the following purposes –
1. Strategic planning using facts provided in Interplanetary Tourism Brochure case study
2. Improving business portfolio management of Brochure Backlog
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 Brochure Backlog
Strengths Interplanetary Tourism Brochure | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Brochure Backlog in Interplanetary Tourism Brochure Harvard Business Review case study are -
Diverse revenue streams
– Brochure Backlog is present in almost all the verticals within the industry. This has provided firm in Interplanetary Tourism Brochure 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.
Organizational Resilience of Brochure Backlog
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Brochure Backlog does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
High brand equity
– Brochure Backlog has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Brochure Backlog to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Analytics focus
– Brochure Backlog 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 Jaume Ribera 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.
Superior customer experience
– The customer experience strategy of Brochure Backlog in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Learning organization
- Brochure Backlog 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 Brochure Backlog is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Interplanetary Tourism Brochure Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Low bargaining power of suppliers
– Suppliers of Brochure Backlog in the sector have low bargaining power. Interplanetary Tourism Brochure has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Brochure Backlog to manage not only supply disruptions but also source products at highly competitive prices.
High switching costs
– The high switching costs that Brochure Backlog 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.
Innovation driven organization
– Brochure Backlog is one of the most innovative firm in sector. Manager in Interplanetary Tourism Brochure Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Operational resilience
– The operational resilience strategy in the Interplanetary Tourism Brochure 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.
Highly skilled collaborators
– Brochure Backlog 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 Interplanetary Tourism Brochure HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Strong track record of project management
– Brochure Backlog is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Weaknesses Interplanetary Tourism Brochure | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Interplanetary Tourism Brochure are -
Increasing silos among functional specialists
– The organizational structure of Brochure Backlog is dominated by functional specialists. It is not different from other players in the Technology & Operations segment. Brochure Backlog needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Brochure Backlog to focus more on services rather than just following the product oriented approach.
Aligning sales with marketing
– It come across in the case study Interplanetary Tourism Brochure 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 Interplanetary Tourism Brochure can leverage the sales team experience to cultivate customer relationships as Brochure Backlog is planning to shift buying processes online.
Workers concerns about automation
– As automation is fast increasing in the segment, Brochure Backlog 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.
Lack of clear differentiation of Brochure Backlog products
– To increase the profitability and margins on the products, Brochure Backlog needs to provide more differentiated products than what it is currently offering in the marketplace.
Slow decision making process
– As mentioned earlier in the report, Brochure Backlog has a very deliberative decision making approach. This approach has resulted in prudent decisions, but it has also resulted in missing opportunities in the industry over the last five years. Brochure Backlog even though has strong showing on digital transformation primary two stages, it has struggled to capitalize the power of digital transformation in marketing efforts and new venture efforts.
Low market penetration in new markets
– Outside its home market of Brochure Backlog, firm in the HBR case study Interplanetary Tourism Brochure needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Interplanetary Tourism Brochure, in the dynamic environment Brochure Backlog has struggled to respond to the nimble upstart competition. Brochure Backlog has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
High dependence on star products
– The top 2 products and services of the firm as mentioned in the Interplanetary Tourism Brochure 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 Brochure Backlog has relatively successful track record of launching new products.
Products dominated business model
– Even though Brochure Backlog 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 - Interplanetary Tourism Brochure should strive to include more intangible value offerings along with its core products and services.
Interest costs
– Compare to the competition, Brochure Backlog 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 operating costs
– Compare to the competitors, firm in the HBR case study Interplanetary Tourism Brochure 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 Brochure Backlog 's lucrative customers.
Opportunities Interplanetary Tourism Brochure | 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 Interplanetary Tourism Brochure are -
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 Brochure Backlog to reconfigure its entire business model. For example it can used blockchain based technologies to reduce piracy of its products in the big markets such as China. Secondly it can use the popularity of e-commerce in various developing markets to build a Direct to Customer business model rather than the current Channel Heavy distribution network.
Use of Bitcoin and other crypto currencies for transactions
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for Brochure Backlog in the consumer business. Now Brochure Backlog can target international markets with far fewer capital restrictions requirements than the existing system.
Using analytics as competitive advantage
– Brochure Backlog 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 Interplanetary Tourism Brochure - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Brochure Backlog to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Brochure Backlog 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.
Manufacturing automation
– Brochure Backlog can use the latest technology developments to improve its manufacturing and designing process in Technology & Operations 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
– Brochure Backlog can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Interplanetary Tourism Brochure 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.
Changes in consumer behavior post Covid-19
– Consumer behavior has changed in the Technology & Operations industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Brochure Backlog 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. Brochure Backlog 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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Brochure Backlog can use these opportunities to build new business models that can help the communities that Brochure Backlog operates in. Secondly it can use opportunities from government spending in Technology & Operations sector.
Better consumer reach
– The expansion of the 5G network will help Brochure Backlog to increase its market reach. Brochure Backlog 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Brochure Backlog 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Brochure Backlog 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 Brochure Backlog to hire the very best people irrespective of their geographical location.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Brochure Backlog can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Developing new processes and practices
– Brochure Backlog 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.
Threats Interplanetary Tourism Brochure External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Interplanetary Tourism Brochure are -
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Brochure Backlog 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 Interplanetary Tourism Brochure .
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 Brochure Backlog in the Technology & Operations sector and impact the bottomline of the organization.
Shortening product life cycle
– it is one of the major threat that Brochure Backlog is facing in Technology & Operations sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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 Brochure Backlog business can come under increasing regulations regarding data privacy, data security, etc.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Interplanetary Tourism Brochure, Brochure Backlog 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 .
Increasing wage structure of Brochure Backlog
– 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 Brochure Backlog.
High dependence on third party suppliers
– Brochure Backlog 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.
Consumer confidence and its impact on Brochure Backlog 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.
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. Brochure Backlog 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.
Technology acceleration in Forth Industrial Revolution
– Brochure Backlog has witnessed rapid integration of technology during Covid-19 in the Technology & Operations industry. As one of the leading players in the industry, Brochure Backlog needs to keep up with the evolution of technology in the Technology & Operations 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.
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 Brochure Backlog.
Environmental challenges
– Brochure Backlog 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. Brochure Backlog can take advantage of this fund but it will also bring new competitors in the Technology & Operations industry.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Brochure Backlog with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Weighted SWOT Analysis of Interplanetary Tourism Brochure 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 Interplanetary Tourism Brochure 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 Interplanetary Tourism Brochure 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 Interplanetary Tourism Brochure 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 Interplanetary Tourism Brochure 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 Brochure Backlog needs to make to build a sustainable competitive advantage.
