Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
Global Business
Strategy / MBA Resources
Case Study SWOT Analysis Solution
Case Study Description of Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886
The case describes the international problem of money laundering and summarizes U.S. bank regulations aimed at reducing money laundering activities. The introduction of H.R. 3886 in 2000 was one in a series of attempts to formalize U.S. banks' monitoring of their customers. The bill was prompted by a government report that named and criticized U.S. banks for laundering billions of dollars linked to drug trafficking, fraud, and organized crime. Interest groups in favor of H.R. 3886 were predominantly law enforcement agencies that viewed current anti-money laundering laws as ineffective. Groups opposed to the bill included the American Civil Liberties Union, which believed that the collection of more information about bank customers' activities was an invasion of privacy, and the American Bankers Association, which claimed that the legislation would impose unnecessary costs on banks. The case can be used to introduce the distributive politics framework for analyzing non-market issues and formulating nonmarket strategies in the context of government institutions. The epilogue reveals that H.R. 3886 died before it ever reached the House floor, but that an expanded version of the legislation ultimately passed-with the support of stakeholders who originally fought it-as part of the USA PATRIOT Act after the terrorist attacks of September 11, 2001. This stance reversal provides an opportunity to explore how events, public opinion, and the media can create windows of policy opportunity.
Swot Analysis of "Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886" written by Timothy Feddersen, Kimia Rahimi includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Laundering 3886 facing as an external strategic factors. Some of the topics covered in Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 case study are - Strategic Management Strategies, and Global Business.
Some of the macro environment factors that can be used to understand the Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 casestudy better are - – technology disruption, supply chains are disrupted by pandemic , geopolitical disruptions, there is increasing trade war between United States & China, challanges to central banks by blockchain based private currencies, increasing inequality as vast percentage of new income is going to the top 1%, banking and financial system is disrupted by Bitcoin and other crypto currencies,
cloud computing is disrupting traditional business models, increasing household debt because of falling income levels, etc
Introduction to SWOT Analysis of Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Laundering 3886, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Laundering 3886 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 Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 can be done for the following purposes –
1. Strategic planning using facts provided in Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 case study
2. Improving business portfolio management of Laundering 3886
3. Assessing feasibility of the new initiative in Global Business field.
4. Making a Global Business topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of Laundering 3886
Strengths Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Laundering 3886 in Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 Harvard Business Review case study are -
Operational resilience
– The operational resilience strategy in the Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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.
Diverse revenue streams
– Laundering 3886 is present in almost all the verticals within the industry. This has provided firm in Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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.
Strong track record of project management
– Laundering 3886 is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Highly skilled collaborators
– Laundering 3886 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 Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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
– Laundering 3886 has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Laundering 3886 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.
Innovation driven organization
– Laundering 3886 is one of the most innovative firm in sector. Manager in Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Learning organization
- Laundering 3886 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 Laundering 3886 is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Organizational Resilience of Laundering 3886
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Laundering 3886 does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Low bargaining power of suppliers
– Suppliers of Laundering 3886 in the sector have low bargaining power. Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Laundering 3886 to manage not only supply disruptions but also source products at highly competitive prices.
Ability to recruit top talent
– Laundering 3886 is one of the leading recruiters in the industry. Managers in the Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Effective Research and Development (R&D)
– Laundering 3886 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 Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Cross disciplinary teams
– Horizontal connected teams at the Laundering 3886 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.
Weaknesses Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 are -
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886, in the dynamic environment Laundering 3886 has struggled to respond to the nimble upstart competition. Laundering 3886 has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Slow to strategic competitive environment developments
– As Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 HBR case study mentions - Laundering 3886 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.
Low market penetration in new markets
– Outside its home market of Laundering 3886, firm in the HBR case study Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Slow decision making process
– As mentioned earlier in the report, Laundering 3886 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. Laundering 3886 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.
No frontier risks strategy
– After analyzing the HBR case study Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886, it seems that company is thinking about the frontier risks that can impact Global Business 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.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Laundering 3886 is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Workers concerns about automation
– As automation is fast increasing in the segment, Laundering 3886 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.
Need for greater diversity
– Laundering 3886 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, Timothy Feddersen, Kimia Rahimi suggests that, Laundering 3886 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.
Aligning sales with marketing
– It come across in the case study Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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 Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 can leverage the sales team experience to cultivate customer relationships as Laundering 3886 is planning to shift buying processes online.
Skills based hiring
– The stress on hiring functional specialists at Laundering 3886 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.
Opportunities Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 | 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 Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 are -
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Laundering 3886 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, Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Laundering 3886 in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Global Business segment, and it will provide faster access to the consumers.
Manufacturing automation
– Laundering 3886 can use the latest technology developments to improve its manufacturing and designing process in Global Business 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Laundering 3886 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 Laundering 3886 to hire the very best people irrespective of their geographical location.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Laundering 3886 can use these opportunities to build new business models that can help the communities that Laundering 3886 operates in. Secondly it can use opportunities from government spending in Global Business sector.
Building a culture of innovation
– managers at Laundering 3886 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 Global Business segment.
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. Laundering 3886 can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Laundering 3886 can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
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 Laundering 3886 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.
Creating value in data economy
– The success of analytics program of Laundering 3886 has opened avenues for new revenue streams for the organization in the industry. This can help Laundering 3886 to build a more holistic ecosystem as suggested in the Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 case study. Laundering 3886 can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Global Business industry, but it has also influenced the consumer preferences. Laundering 3886 can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Low interest rates
– Even though inflation is raising its head in most developed economies, Laundering 3886 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.
Buying journey improvements
– Laundering 3886 can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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.
Threats Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 are -
High level of anxiety and lack of motivation
– the Great Resignation in United States is the sign of broader dissatisfaction among the workforce in United States. Laundering 3886 needs to understand the core reasons impacting the Global Business industry. This will help it in building a better workplace.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886, Laundering 3886 may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Global Business .
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 Laundering 3886 business can come under increasing regulations regarding data privacy, data security, etc.
High dependence on third party suppliers
– Laundering 3886 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.
Shortening product life cycle
– it is one of the major threat that Laundering 3886 is facing in Global Business sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Laundering 3886 in the Global Business industry. The Global Business 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.
Increasing wage structure of Laundering 3886
– 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 Laundering 3886.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Laundering 3886 with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
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 Laundering 3886 in the Global Business sector and impact the bottomline of the organization.
Easy access to finance
– Easy access to finance in Global Business field will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Laundering 3886 can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Technology acceleration in Forth Industrial Revolution
– Laundering 3886 has witnessed rapid integration of technology during Covid-19 in the Global Business industry. As one of the leading players in the industry, Laundering 3886 needs to keep up with the evolution of technology in the Global Business 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.
Stagnating economy with rate increase
– Laundering 3886 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.
Aging population
– As the populations of most advanced economies are aging, it will lead to high social security costs, higher savings among population, and lower demand for goods and services in the economy. The household savings in US, France, UK, Germany, and Japan are growing faster than predicted because of uncertainty caused by pandemic.
Weighted SWOT Analysis of Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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 Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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 Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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 Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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 Nonmarket Action and the International Counter-Money Laundering Act (H.R. 3886 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 Laundering 3886 needs to make to build a sustainable competitive advantage.