Swot Analysis of "Tax Cut of 1964, Data Supplement" written by David A. Moss, Louis T. Wells Jr., Courtenay Sprague includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that 1964 Cut facing as an external strategic factors. Some of the topics covered in Tax Cut of 1964, Data Supplement case study are - Strategic Management Strategies, Policy and Global Business.
Some of the macro environment factors that can be used to understand the Tax Cut of 1964, Data Supplement casestudy better are - – increasing inequality as vast percentage of new income is going to the top 1%, increasing energy prices, there is increasing trade war between United States & China, there is backlash against globalization, customer relationship management is fast transforming because of increasing concerns over data privacy, digital marketing is dominated by two big players Facebook and Google, supply chains are disrupted by pandemic ,
competitive advantages are harder to sustain because of technology dispersion, increasing commodity prices, etc
Introduction to SWOT Analysis of Tax Cut of 1964, Data Supplement
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Tax Cut of 1964, Data Supplement case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the 1964 Cut, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which 1964 Cut 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 Tax Cut of 1964, Data Supplement can be done for the following purposes –
1. Strategic planning using facts provided in Tax Cut of 1964, Data Supplement case study
2. Improving business portfolio management of 1964 Cut
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 1964 Cut
Strengths Tax Cut of 1964, Data Supplement | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of 1964 Cut in Tax Cut of 1964, Data Supplement Harvard Business Review case study are -
Cross disciplinary teams
– Horizontal connected teams at the 1964 Cut 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.
Low bargaining power of suppliers
– Suppliers of 1964 Cut in the sector have low bargaining power. Tax Cut of 1964, Data Supplement has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps 1964 Cut to manage not only supply disruptions but also source products at highly competitive prices.
Ability to lead change in Global Business field
– 1964 Cut 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 1964 Cut in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Superior customer experience
– The customer experience strategy of 1964 Cut in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Highly skilled collaborators
– 1964 Cut 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 Tax Cut of 1964, Data Supplement HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Ability to recruit top talent
– 1964 Cut is one of the leading recruiters in the industry. Managers in the Tax Cut of 1964, Data Supplement are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
High brand equity
– 1964 Cut has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled 1964 Cut to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Learning organization
- 1964 Cut 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 1964 Cut is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Tax Cut of 1964, Data Supplement Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Digital Transformation in Global Business segment
- digital transformation varies from industry to industry. For 1964 Cut digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. 1964 Cut has successfully integrated the four key components of digital transformation – digital integration in processes, digital integration in marketing and customer relationship management, digital integration into the value chain, and using technology to explore new products and market opportunities.
Training and development
– 1964 Cut has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Tax Cut of 1964, Data Supplement 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
– 1964 Cut is present in almost all the verticals within the industry. This has provided firm in Tax Cut of 1964, Data Supplement 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.
High switching costs
– The high switching costs that 1964 Cut 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.
Weaknesses Tax Cut of 1964, Data Supplement | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Tax Cut of 1964, Data Supplement are -
Capital Spending Reduction
– Even during the low interest decade, 1964 Cut 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.
Skills based hiring
– The stress on hiring functional specialists at 1964 Cut 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.
Slow decision making process
– As mentioned earlier in the report, 1964 Cut 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. 1964 Cut 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.
Products dominated business model
– Even though 1964 Cut 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 - Tax Cut of 1964, Data Supplement should strive to include more intangible value offerings along with its core products and services.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Tax Cut of 1964, Data Supplement, is just above the industry average. 1964 Cut needs to redesign the compensation structure and incentives to increase the revenue per employees. Some of the steps that it can take are – hiring more specialists on project basis, etc.
Increasing silos among functional specialists
– The organizational structure of 1964 Cut is dominated by functional specialists. It is not different from other players in the Global Business segment. 1964 Cut needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help 1964 Cut to focus more on services rather than just following the product oriented approach.
High operating costs
– Compare to the competitors, firm in the HBR case study Tax Cut of 1964, Data Supplement 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 1964 Cut 's lucrative customers.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, 1964 Cut is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Tax Cut of 1964, Data Supplement can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
High dependence on star products
– The top 2 products and services of the firm as mentioned in the Tax Cut of 1964, Data Supplement 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 1964 Cut has relatively successful track record of launching new products.
Lack of clear differentiation of 1964 Cut products
– To increase the profitability and margins on the products, 1964 Cut needs to provide more differentiated products than what it is currently offering in the marketplace.
High cash cycle compare to competitors
1964 Cut has a high cash cycle compare to other players in the industry. It needs to shorten the cash cycle by 12% to be more competitive in the marketplace, reduce inventory costs, and be more profitable.
Opportunities Tax Cut of 1964, Data Supplement | 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 Tax Cut of 1964, Data Supplement are -
Redefining models of collaboration and team work
– As explained in the weaknesses section, 1964 Cut is facing challenges because of the dominance of functional experts in the organization. Tax Cut of 1964, Data Supplement 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects 1964 Cut can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Building a culture of innovation
– managers at 1964 Cut 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.
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 1964 Cut in the consumer business. Now 1964 Cut can target international markets with far fewer capital restrictions requirements than the existing system.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, 1964 Cut can use these opportunities to build new business models that can help the communities that 1964 Cut operates in. Secondly it can use opportunities from government spending in Global Business sector.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, 1964 Cut 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, Tax Cut of 1964, Data Supplement, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Buying journey improvements
– 1964 Cut can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Tax Cut of 1964, Data Supplement 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for 1964 Cut 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 1964 Cut to hire the very best people irrespective of their geographical location.
Better consumer reach
– The expansion of the 5G network will help 1964 Cut to increase its market reach. 1964 Cut 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.
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. 1964 Cut can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Loyalty marketing
– 1964 Cut 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, 1964 Cut 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.
Creating value in data economy
– The success of analytics program of 1964 Cut has opened avenues for new revenue streams for the organization in the industry. This can help 1964 Cut to build a more holistic ecosystem as suggested in the Tax Cut of 1964, Data Supplement case study. 1964 Cut can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Threats Tax Cut of 1964, Data Supplement External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Tax Cut of 1964, Data Supplement are -
Regulatory challenges
– 1964 Cut needs to prepare for regulatory challenges as consumer protection groups and other pressure groups are vigorously advocating for more regulations on big business - to reduce inequality, to create a level playing field, to product data privacy and consumer privacy, to reduce the influence of big money on democratic institutions, etc. This can lead to significant changes in the Global Business industry regulations.
Shortening product life cycle
– it is one of the major threat that 1964 Cut is facing in Global Business sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Consumer confidence and its impact on 1964 Cut 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.
High dependence on third party suppliers
– 1964 Cut 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.
Stagnating economy with rate increase
– 1964 Cut 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 1964 Cut business can come under increasing regulations regarding data privacy, data security, etc.
Increasing wage structure of 1964 Cut
– 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 1964 Cut.
Environmental challenges
– 1964 Cut 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. 1964 Cut can take advantage of this fund but it will also bring new competitors in the Global Business industry.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for 1964 Cut 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.
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. 1964 Cut can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents 1964 Cut with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, 1964 Cut 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 Tax Cut of 1964, Data Supplement .
Technology acceleration in Forth Industrial Revolution
– 1964 Cut has witnessed rapid integration of technology during Covid-19 in the Global Business industry. As one of the leading players in the industry, 1964 Cut 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.
Weighted SWOT Analysis of Tax Cut of 1964, Data Supplement 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 Tax Cut of 1964, Data Supplement 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 Tax Cut of 1964, Data Supplement 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 Tax Cut of 1964, Data Supplement 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 Tax Cut of 1964, Data Supplement 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 1964 Cut needs to make to build a sustainable competitive advantage.