Swot Analysis of "Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B)" written by Derek Abell includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Es1521 Es1531 facing as an external strategic factors. Some of the topics covered in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) case study are - Strategic Management Strategies, Change management, Emerging markets, Entrepreneurship, Financial analysis, Leadership, Leadership development, Strategy, Succession planning and Innovation & Entrepreneurship.
Some of the macro environment factors that can be used to understand the Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) casestudy better are - – technology disruption, competitive advantages are harder to sustain because of technology dispersion, increasing transportation and logistics costs, banking and financial system is disrupted by Bitcoin and other crypto currencies, customer relationship management is fast transforming because of increasing concerns over data privacy, increasing inequality as vast percentage of new income is going to the top 1%, central banks are concerned over increasing inflation,
there is increasing trade war between United States & China, increasing household debt because of falling income levels, etc
Introduction to SWOT Analysis of Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B)
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Es1521 Es1531, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Es1521 Es1531 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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) can be done for the following purposes –
1. Strategic planning using facts provided in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) case study
2. Improving business portfolio management of Es1521 Es1531
3. Assessing feasibility of the new initiative in Innovation & Entrepreneurship field.
4. Making a Innovation & Entrepreneurship topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of Es1521 Es1531
Strengths Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Es1521 Es1531 in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) Harvard Business Review case study are -
Strong track record of project management
– Es1521 Es1531 is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Organizational Resilience of Es1521 Es1531
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Es1521 Es1531 does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Training and development
– Es1521 Es1531 has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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.
Superior customer experience
– The customer experience strategy of Es1521 Es1531 in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Sustainable margins compare to other players in Innovation & Entrepreneurship industry
– Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) firm has clearly differentiated products in the market place. This has enabled Es1521 Es1531 to fetch slight price premium compare to the competitors in the Innovation & Entrepreneurship industry. The sustainable margins have also helped Es1521 Es1531 to invest into research and development (R&D) and innovation.
Cross disciplinary teams
– Horizontal connected teams at the Es1521 Es1531 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.
Ability to lead change in Innovation & Entrepreneurship field
– Es1521 Es1531 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 Es1521 Es1531 in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Digital Transformation in Innovation & Entrepreneurship segment
- digital transformation varies from industry to industry. For Es1521 Es1531 digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Es1521 Es1531 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.
Innovation driven organization
– Es1521 Es1531 is one of the most innovative firm in sector. Manager in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Successful track record of launching new products
– Es1521 Es1531 has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Es1521 Es1531 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.
Operational resilience
– The operational resilience strategy in the Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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.
Diverse revenue streams
– Es1521 Es1531 is present in almost all the verticals within the industry. This has provided firm in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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.
Weaknesses Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) are -
Low market penetration in new markets
– Outside its home market of Es1521 Es1531, firm in the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Skills based hiring
– The stress on hiring functional specialists at Es1521 Es1531 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.
Workers concerns about automation
– As automation is fast increasing in the segment, Es1521 Es1531 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.
High operating costs
– Compare to the competitors, firm in the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) 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 Es1521 Es1531 's lucrative customers.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B), it seems that the employees of Es1521 Es1531 don’t have comprehensive understanding of the firm’s strategy. This is reflected in number of promotional campaigns over the last few years that had mixed messaging and competing priorities. Some of the strategic activities and services promoted in the promotional campaigns were not consistent with the organization’s strategy.
Lack of clear differentiation of Es1521 Es1531 products
– To increase the profitability and margins on the products, Es1521 Es1531 needs to provide more differentiated products than what it is currently offering in the marketplace.
No frontier risks strategy
– After analyzing the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B), it seems that company is thinking about the frontier risks that can impact Innovation & Entrepreneurship 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.
Aligning sales with marketing
– It come across in the case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) can leverage the sales team experience to cultivate customer relationships as Es1521 Es1531 is planning to shift buying processes online.
Products dominated business model
– Even though Es1521 Es1531 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 - Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) should strive to include more intangible value offerings along with its core products and services.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Es1521 Es1531 is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B), is just above the industry average. Es1521 Es1531 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.
Opportunities Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) are -
Building a culture of innovation
– managers at Es1521 Es1531 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 Innovation & Entrepreneurship segment.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Es1521 Es1531 can use these opportunities to build new business models that can help the communities that Es1521 Es1531 operates in. Secondly it can use opportunities from government spending in Innovation & Entrepreneurship sector.
Changes in consumer behavior post Covid-19
– Consumer behavior has changed in the Innovation & Entrepreneurship industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Es1521 Es1531 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. Es1521 Es1531 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Es1521 Es1531 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.
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 Es1521 Es1531 in the consumer business. Now Es1521 Es1531 can target international markets with far fewer capital restrictions requirements than the existing system.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Es1521 Es1531 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 Es1521 Es1531 to hire the very best people irrespective of their geographical location.
Creating value in data economy
– The success of analytics program of Es1521 Es1531 has opened avenues for new revenue streams for the organization in the industry. This can help Es1521 Es1531 to build a more holistic ecosystem as suggested in the Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) case study. Es1521 Es1531 can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Leveraging digital technologies
– Es1521 Es1531 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.
Loyalty marketing
– Es1521 Es1531 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Es1521 Es1531 in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Innovation & Entrepreneurship segment, and it will provide faster access to the consumers.
Learning at scale
– Online learning technologies has now opened space for Es1521 Es1531 to conduct training and development for its employees across the world. This will result in not only reducing the cost of training but also help employees in different part of the world to integrate with the headquarter work culture, ethos, and standards.
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 Es1521 Es1531 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 Es1521 Es1531 can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Threats Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) are -
Shortening product life cycle
– it is one of the major threat that Es1521 Es1531 is facing in Innovation & Entrepreneurship sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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.
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. Es1521 Es1531 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.
Easy access to finance
– Easy access to finance in Innovation & Entrepreneurship field will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Es1521 Es1531 can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
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 Es1521 Es1531 business can come under increasing regulations regarding data privacy, data security, etc.
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 Es1521 Es1531 in the Innovation & Entrepreneurship sector and impact the bottomline of the organization.
Consumer confidence and its impact on Es1521 Es1531 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.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Es1521 Es1531 with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
High dependence on third party suppliers
– Es1521 Es1531 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
– Es1521 Es1531 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
– Es1521 Es1531 has witnessed rapid integration of technology during Covid-19 in the Innovation & Entrepreneurship industry. As one of the leading players in the industry, Es1521 Es1531 needs to keep up with the evolution of technology in the Innovation & Entrepreneurship 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.
Regulatory challenges
– Es1521 Es1531 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 Innovation & Entrepreneurship industry regulations.
Environmental challenges
– Es1521 Es1531 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. Es1521 Es1531 can take advantage of this fund but it will also bring new competitors in the Innovation & Entrepreneurship industry.
Weighted SWOT Analysis of Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (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 Es1521 Es1531 needs to make to build a sustainable competitive advantage.