The Panic of 1861 and the Advent of Greenbacks and National Banking (B) SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
Finance & Accounting
Strategy / MBA Resources
Case Study SWOT Analysis Solution
Case Study Description of The Panic of 1861 and the Advent of Greenbacks and National Banking (B)
Set in 1870, the B case describes Chief Justice Samuel P. Chase's opinion in Hepburn v. Griswold, which challenged the constitutionality of a national fiat currency. The B case also discusses reactions to the ruling and subsequent court decisions.
Swot Analysis of "The Panic of 1861 and the Advent of Greenbacks and National Banking (B)" written by Robert F. Bruner, Michael T. Caires includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Constitutionality Greenbacks facing as an external strategic factors. Some of the topics covered in The Panic of 1861 and the Advent of Greenbacks and National Banking (B) case study are - Strategic Management Strategies, Financial analysis, Financial management, Innovation and Finance & Accounting.
Some of the macro environment factors that can be used to understand the The Panic of 1861 and the Advent of Greenbacks and National Banking (B) casestudy better are - – increasing government debt because of Covid-19 spendings, increasing transportation and logistics costs, talent flight as more people leaving formal jobs, banking and financial system is disrupted by Bitcoin and other crypto currencies, there is increasing trade war between United States & China, challanges to central banks by blockchain based private currencies, central banks are concerned over increasing inflation,
increasing commodity prices, digital marketing is dominated by two big players Facebook and Google, etc
Introduction to SWOT Analysis of The Panic of 1861 and the Advent of Greenbacks and National Banking (B)
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in The Panic of 1861 and the Advent of Greenbacks and National Banking (B) case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Constitutionality Greenbacks, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Constitutionality Greenbacks 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) can be done for the following purposes –
1. Strategic planning using facts provided in The Panic of 1861 and the Advent of Greenbacks and National Banking (B) case study
2. Improving business portfolio management of Constitutionality Greenbacks
3. Assessing feasibility of the new initiative in Finance & Accounting field.
4. Making a Finance & Accounting topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of Constitutionality Greenbacks
Strengths The Panic of 1861 and the Advent of Greenbacks and National Banking (B) | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Constitutionality Greenbacks in The Panic of 1861 and the Advent of Greenbacks and National Banking (B) Harvard Business Review case study are -
Sustainable margins compare to other players in Finance & Accounting industry
– The Panic of 1861 and the Advent of Greenbacks and National Banking (B) firm has clearly differentiated products in the market place. This has enabled Constitutionality Greenbacks to fetch slight price premium compare to the competitors in the Finance & Accounting industry. The sustainable margins have also helped Constitutionality Greenbacks to invest into research and development (R&D) and innovation.
Operational resilience
– The operational resilience strategy in the The Panic of 1861 and the Advent of Greenbacks and National Banking (B) 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
– Constitutionality Greenbacks 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Superior customer experience
– The customer experience strategy of Constitutionality Greenbacks in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Analytics focus
– Constitutionality Greenbacks 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 Robert F. Bruner, Michael T. Caires 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.
Innovation driven organization
– Constitutionality Greenbacks is one of the most innovative firm in sector. Manager in The Panic of 1861 and the Advent of Greenbacks and National Banking (B) Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Cross disciplinary teams
– Horizontal connected teams at the Constitutionality Greenbacks 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.
High brand equity
– Constitutionality Greenbacks has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Constitutionality Greenbacks to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Training and development
– Constitutionality Greenbacks has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in The Panic of 1861 and the Advent of Greenbacks and National Banking (B) 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.
Diverse revenue streams
– Constitutionality Greenbacks is present in almost all the verticals within the industry. This has provided firm in The Panic of 1861 and the Advent of Greenbacks and National Banking (B) 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.
Successful track record of launching new products
– Constitutionality Greenbacks has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Constitutionality Greenbacks 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
- Constitutionality Greenbacks 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 Constitutionality Greenbacks is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in The Panic of 1861 and the Advent of Greenbacks and National Banking (B) Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Weaknesses The Panic of 1861 and the Advent of Greenbacks and National Banking (B) | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of The Panic of 1861 and the Advent of Greenbacks and National Banking (B) are -
Workers concerns about automation
– As automation is fast increasing in the segment, Constitutionality Greenbacks 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.
Low market penetration in new markets
– Outside its home market of Constitutionality Greenbacks, firm in the HBR case study The Panic of 1861 and the Advent of Greenbacks and National Banking (B) needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
High bargaining power of channel partners
– Because of the regulatory requirements, Robert F. Bruner, Michael T. Caires suggests that, Constitutionality Greenbacks 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.
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 Constitutionality Greenbacks supply chain. Even after few cautionary changes mentioned in the HBR case study - The Panic of 1861 and the Advent of Greenbacks and National Banking (B), it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Constitutionality Greenbacks vulnerable to further global disruptions in South East Asia.
Products dominated business model
– Even though Constitutionality Greenbacks 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 - The Panic of 1861 and the Advent of Greenbacks and National Banking (B) should strive to include more intangible value offerings along with its core products and services.
Slow decision making process
– As mentioned earlier in the report, Constitutionality Greenbacks 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. Constitutionality Greenbacks 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.
Aligning sales with marketing
– It come across in the case study The Panic of 1861 and the Advent of Greenbacks and National Banking (B) 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) can leverage the sales team experience to cultivate customer relationships as Constitutionality Greenbacks is planning to shift buying processes online.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study The Panic of 1861 and the Advent of Greenbacks and National Banking (B), in the dynamic environment Constitutionality Greenbacks has struggled to respond to the nimble upstart competition. Constitutionality Greenbacks has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Interest costs
– Compare to the competition, Constitutionality Greenbacks 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.
No frontier risks strategy
– After analyzing the HBR case study The Panic of 1861 and the Advent of Greenbacks and National Banking (B), it seems that company is thinking about the frontier risks that can impact Finance & Accounting 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.
Need for greater diversity
– Constitutionality Greenbacks 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.
Opportunities The Panic of 1861 and the Advent of Greenbacks and National Banking (B) | 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) are -
Developing new processes and practices
– Constitutionality Greenbacks can develop new processes and procedures in Finance & Accounting 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.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Finance & Accounting industry, but it has also influenced the consumer preferences. Constitutionality Greenbacks can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Manufacturing automation
– Constitutionality Greenbacks can use the latest technology developments to improve its manufacturing and designing process in Finance & Accounting 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.
Loyalty marketing
– Constitutionality Greenbacks 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 Constitutionality Greenbacks 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Constitutionality Greenbacks can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
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 Constitutionality Greenbacks in the consumer business. Now Constitutionality Greenbacks can target international markets with far fewer capital restrictions requirements than the existing system.
Creating value in data economy
– The success of analytics program of Constitutionality Greenbacks has opened avenues for new revenue streams for the organization in the industry. This can help Constitutionality Greenbacks to build a more holistic ecosystem as suggested in the The Panic of 1861 and the Advent of Greenbacks and National Banking (B) case study. Constitutionality Greenbacks can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Constitutionality Greenbacks 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, The Panic of 1861 and the Advent of Greenbacks and National Banking (B), to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Changes in consumer behavior post Covid-19
– Consumer behavior has changed in the Finance & Accounting industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Constitutionality Greenbacks 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. Constitutionality Greenbacks 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.
Using analytics as competitive advantage
– Constitutionality Greenbacks 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Constitutionality Greenbacks to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
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. Constitutionality Greenbacks can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Constitutionality Greenbacks 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 Constitutionality Greenbacks to hire the very best people irrespective of their geographical location.
Threats The Panic of 1861 and the Advent of Greenbacks and National Banking (B) External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study The Panic of 1861 and the Advent of Greenbacks and National Banking (B) are -
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Constitutionality Greenbacks 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) .
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study The Panic of 1861 and the Advent of Greenbacks and National Banking (B), Constitutionality Greenbacks may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Finance & Accounting .
Technology acceleration in Forth Industrial Revolution
– Constitutionality Greenbacks has witnessed rapid integration of technology during Covid-19 in the Finance & Accounting industry. As one of the leading players in the industry, Constitutionality Greenbacks needs to keep up with the evolution of technology in the Finance & Accounting 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.
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.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Constitutionality Greenbacks with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Consumer confidence and its impact on Constitutionality Greenbacks 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.
Environmental challenges
– Constitutionality Greenbacks 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. Constitutionality Greenbacks can take advantage of this fund but it will also bring new competitors in the Finance & Accounting industry.
Increasing wage structure of Constitutionality Greenbacks
– 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 Constitutionality Greenbacks.
Shortening product life cycle
– it is one of the major threat that Constitutionality Greenbacks is facing in Finance & Accounting sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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. Constitutionality Greenbacks needs to understand the core reasons impacting the Finance & Accounting industry. This will help it in building a better workplace.
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 Constitutionality Greenbacks in the Finance & Accounting sector and impact the bottomline of the organization.
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. Constitutionality Greenbacks 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.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Constitutionality Greenbacks in the Finance & Accounting industry. The Finance & Accounting 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.
Weighted SWOT Analysis of The Panic of 1861 and the Advent of Greenbacks and National Banking (B) 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) 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 The Panic of 1861 and the Advent of Greenbacks and National Banking (B) 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 Constitutionality Greenbacks needs to make to build a sustainable competitive advantage.