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 - – digital marketing is dominated by two big players Facebook and Google, increasing inequality as vast percentage of new income is going to the top 1%, supply chains are disrupted by pandemic , customer relationship management is fast transforming because of increasing concerns over data privacy, geopolitical disruptions, increasing household debt because of falling income levels, cloud computing is disrupting traditional business models,
banking and financial system is disrupted by Bitcoin and other crypto currencies, central banks are concerned over increasing inflation, 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 -
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.
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.
Highly skilled collaborators
– Es1521 Es1531 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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Learning organization
- Es1521 Es1531 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 Es1521 Es1531 is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
High switching costs
– The high switching costs that Es1521 Es1531 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.
Low bargaining power of suppliers
– Suppliers of Es1521 Es1531 in the sector have low bargaining power. Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Es1521 Es1531 to manage not only supply disruptions but also source products at highly competitive prices.
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.
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.
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.
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.
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.
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 -
High bargaining power of channel partners
– Because of the regulatory requirements, Derek Abell suggests that, Es1521 Es1531 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.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B), in the dynamic environment Es1521 Es1531 has struggled to respond to the nimble upstart competition. Es1521 Es1531 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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) 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 Es1521 Es1531 has relatively successful track record of launching new products.
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.
Slow decision making process
– As mentioned earlier in the report, Es1521 Es1531 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. Es1521 Es1531 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 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.
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.
Capital Spending Reduction
– Even during the low interest decade, Es1521 Es1531 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.
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.
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.
High dependence on existing supply chain
– The disruption in the global supply chains because of the Covid-19 pandemic and blockage of the Suez Canal illustrated the fragile nature of Es1521 Es1531 supply chain. Even after few cautionary changes mentioned in the HBR case study - Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B), it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Es1521 Es1531 vulnerable to further global disruptions in South East Asia.
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 -
Manufacturing automation
– Es1521 Es1531 can use the latest technology developments to improve its manufacturing and designing process in Innovation & Entrepreneurship 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Es1521 Es1531 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, Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B), to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
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.
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.
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. Es1521 Es1531 can explore opportunities that can attract volunteers and are consistent with its mission and vision.
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.
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.
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.
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.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Innovation & Entrepreneurship industry, but it has also influenced the consumer preferences. Es1521 Es1531 can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Better consumer reach
– The expansion of the 5G network will help Es1521 Es1531 to increase its market reach. Es1521 Es1531 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.
Buying journey improvements
– Es1521 Es1531 can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) 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 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 -
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Es1521 Es1531 in the Innovation & Entrepreneurship industry. The Innovation & Entrepreneurship 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.
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.
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.
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.
Increasing wage structure of Es1521 Es1531
– 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 Es1521 Es1531.
Capital market disruption
– During the Covid-19, Dow Jones has touched record high. The valuations of a number of companies are way beyond their existing business model potential. This can lead to capital market correction which can put a number of suppliers, collaborators, value chain partners in great financial difficulty. It will directly impact the business of Es1521 Es1531.
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.
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.
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.
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.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Es1521 Es1531 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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (B) .
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.
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.
