Note on the New Deal: From the First to the Second "Hundred Days" SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
Global Business
Strategy / MBA Resources
Case Study SWOT Analysis Solution
Case Study Description of Note on the New Deal: From the First to the Second "Hundred Days"
A brief summary of Franklin D. Roosevelt's New Deal policies between 1933 and 1935. Contains three statistical tables that supplement Selected U.S. Statistics: Part I and Selected U.S. Statistics: Part II.
Swot Analysis of "Note on the New Deal: From the First to the Second "Hundred Days"" written by Thomas K. McCraw, Daniel A. Pope includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Statistics Selected facing as an external strategic factors. Some of the topics covered in Note on the New Deal: From the First to the Second "Hundred Days" case study are - Strategic Management Strategies, Economic development, Economics, Policy, Regulation and Global Business.
Some of the macro environment factors that can be used to understand the Note on the New Deal: From the First to the Second "Hundred Days" casestudy better are - – digital marketing is dominated by two big players Facebook and Google, there is backlash against globalization, supply chains are disrupted by pandemic , challanges to central banks by blockchain based private currencies, central banks are concerned over increasing inflation, increasing energy prices, geopolitical disruptions,
increasing household debt because of falling income levels, increasing government debt because of Covid-19 spendings, etc
Introduction to SWOT Analysis of Note on the New Deal: From the First to the Second "Hundred Days"
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Note on the New Deal: From the First to the Second "Hundred Days" case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Statistics Selected, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Statistics Selected 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 Note on the New Deal: From the First to the Second "Hundred Days" can be done for the following purposes –
1. Strategic planning using facts provided in Note on the New Deal: From the First to the Second "Hundred Days" case study
2. Improving business portfolio management of Statistics Selected
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 Statistics Selected
Strengths Note on the New Deal: From the First to the Second "Hundred Days" | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Statistics Selected in Note on the New Deal: From the First to the Second "Hundred Days" Harvard Business Review case study are -
Superior customer experience
– The customer experience strategy of Statistics Selected in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Digital Transformation in Global Business segment
- digital transformation varies from industry to industry. For Statistics Selected digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Statistics Selected 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
– Statistics Selected has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Note on the New Deal: From the First to the Second "Hundred Days" 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.
Effective Research and Development (R&D)
– Statistics Selected 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 Note on the New Deal: From the First to the Second "Hundred Days" - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Innovation driven organization
– Statistics Selected is one of the most innovative firm in sector. Manager in Note on the New Deal: From the First to the Second "Hundred Days" Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
High switching costs
– The high switching costs that Statistics Selected 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.
Sustainable margins compare to other players in Global Business industry
– Note on the New Deal: From the First to the Second "Hundred Days" firm has clearly differentiated products in the market place. This has enabled Statistics Selected to fetch slight price premium compare to the competitors in the Global Business industry. The sustainable margins have also helped Statistics Selected to invest into research and development (R&D) and innovation.
Low bargaining power of suppliers
– Suppliers of Statistics Selected in the sector have low bargaining power. Note on the New Deal: From the First to the Second "Hundred Days" has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Statistics Selected to manage not only supply disruptions but also source products at highly competitive prices.
Analytics focus
– Statistics Selected 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 Thomas K. McCraw, Daniel A. Pope 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.
Operational resilience
– The operational resilience strategy in the Note on the New Deal: From the First to the Second "Hundred Days" 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.
Cross disciplinary teams
– Horizontal connected teams at the Statistics Selected 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.
Highly skilled collaborators
– Statistics Selected 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 Note on the New Deal: From the First to the Second "Hundred Days" HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Weaknesses Note on the New Deal: From the First to the Second "Hundred Days" | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Note on the New Deal: From the First to the Second "Hundred Days" are -
High cash cycle compare to competitors
Statistics Selected 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.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Statistics Selected is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Note on the New Deal: From the First to the Second "Hundred Days" can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Slow to strategic competitive environment developments
– As Note on the New Deal: From the First to the Second "Hundred Days" HBR case study mentions - Statistics Selected 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.
Interest costs
– Compare to the competition, Statistics Selected 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.
Skills based hiring
– The stress on hiring functional specialists at Statistics Selected 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.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Note on the New Deal: From the First to the Second "Hundred Days", in the dynamic environment Statistics Selected has struggled to respond to the nimble upstart competition. Statistics Selected 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 Note on the New Deal: From the First to the Second "Hundred Days" 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 Statistics Selected has relatively successful track record of launching new products.
No frontier risks strategy
– After analyzing the HBR case study Note on the New Deal: From the First to the Second "Hundred Days", 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.
Lack of clear differentiation of Statistics Selected products
– To increase the profitability and margins on the products, Statistics Selected needs to provide more differentiated products than what it is currently offering in the marketplace.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Note on the New Deal: From the First to the Second "Hundred Days", is just above the industry average. Statistics Selected 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.
Workers concerns about automation
– As automation is fast increasing in the segment, Statistics Selected 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.
Opportunities Note on the New Deal: From the First to the Second "Hundred Days" | 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 Note on the New Deal: From the First to the Second "Hundred Days" are -
Leveraging digital technologies
– Statistics Selected can leverage digital technologies such as artificial intelligence and machine learning to automate the production process, customer analytics to get better insights into consumer behavior, realtime digital dashboards to get better sales tracking, logistics and transportation, product tracking, etc.
Low interest rates
– Even though inflation is raising its head in most developed economies, Statistics Selected 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 Statistics Selected has opened avenues for new revenue streams for the organization in the industry. This can help Statistics Selected to build a more holistic ecosystem as suggested in the Note on the New Deal: From the First to the Second "Hundred Days" case study. Statistics Selected can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Statistics Selected can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Buying journey improvements
– Statistics Selected can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Note on the New Deal: From the First to the Second "Hundred Days" 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 Global Business industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Statistics Selected 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. Statistics Selected 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.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Statistics Selected is facing challenges because of the dominance of functional experts in the organization. Note on the New Deal: From the First to the Second "Hundred Days" 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Statistics Selected 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.
Building a culture of innovation
– managers at Statistics Selected 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. Statistics Selected can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Manufacturing automation
– Statistics Selected 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.
Using analytics as competitive advantage
– Statistics Selected 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 Note on the New Deal: From the First to the Second "Hundred Days" - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Statistics Selected to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
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 Statistics Selected 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.
Threats Note on the New Deal: From the First to the Second "Hundred Days" External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Note on the New Deal: From the First to the Second "Hundred Days" are -
High dependence on third party suppliers
– Statistics Selected high dependence on third party suppliers can disrupt its processes and delivery mechanism. For example -the current troubles of car makers because of chip shortage is because the chip companies started producing chips for electronic companies rather than car manufacturers.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Statistics Selected 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 Note on the New Deal: From the First to the Second "Hundred Days" .
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 Statistics Selected in the Global Business 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. Statistics Selected 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.
Shortening product life cycle
– it is one of the major threat that Statistics Selected is facing in Global Business sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Statistics Selected with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Stagnating economy with rate increase
– Statistics Selected 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.
Technology acceleration in Forth Industrial Revolution
– Statistics Selected has witnessed rapid integration of technology during Covid-19 in the Global Business industry. As one of the leading players in the industry, Statistics Selected 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.
Environmental challenges
– Statistics Selected 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. Statistics Selected can take advantage of this fund but it will also bring new competitors in the Global Business industry.
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.
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 Statistics Selected business can come under increasing regulations regarding data privacy, data security, etc.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Statistics Selected 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 Statistics Selected
– 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 Statistics Selected.
Weighted SWOT Analysis of Note on the New Deal: From the First to the Second "Hundred Days" 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 Note on the New Deal: From the First to the Second "Hundred Days" 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 Note on the New Deal: From the First to the Second "Hundred Days" 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 Note on the New Deal: From the First to the Second "Hundred Days" 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 Note on the New Deal: From the First to the Second "Hundred Days" 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 Statistics Selected needs to make to build a sustainable competitive advantage.