Swot Analysis of "Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C)" written by Derek Abell includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Es1531 Es1511 facing as an external strategic factors. Some of the topics covered in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) 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 (C) casestudy better are - – increasing government debt because of Covid-19 spendings, talent flight as more people leaving formal jobs, wage bills are increasing, customer relationship management is fast transforming because of increasing concerns over data privacy, there is increasing trade war between United States & China, there is backlash against globalization, increasing inequality as vast percentage of new income is going to the top 1%,
central banks are concerned over increasing inflation, cloud computing is disrupting traditional business models, etc
Introduction to SWOT Analysis of Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C)
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 (C) case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Es1531 Es1511, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Es1531 Es1511 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 (C) can be done for the following purposes –
1. Strategic planning using facts provided in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) case study
2. Improving business portfolio management of Es1531 Es1511
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 Es1531 Es1511
Strengths Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Es1531 Es1511 in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) Harvard Business Review case study are -
Cross disciplinary teams
– Horizontal connected teams at the Es1531 Es1511 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.
Strong track record of project management
– Es1531 Es1511 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 (C) firm has clearly differentiated products in the market place. This has enabled Es1531 Es1511 to fetch slight price premium compare to the competitors in the Innovation & Entrepreneurship industry. The sustainable margins have also helped Es1531 Es1511 to invest into research and development (R&D) and innovation.
Effective Research and Development (R&D)
– Es1531 Es1511 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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Organizational Resilience of Es1531 Es1511
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Es1531 Es1511 does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Successful track record of launching new products
– Es1531 Es1511 has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Es1531 Es1511 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.
High switching costs
– The high switching costs that Es1531 Es1511 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.
Diverse revenue streams
– Es1531 Es1511 is present in almost all the verticals within the industry. This has provided firm in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) 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.
Ability to lead change in Innovation & Entrepreneurship field
– Es1531 Es1511 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 Es1531 Es1511 in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Learning organization
- Es1531 Es1511 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 Es1531 Es1511 is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Ability to recruit top talent
– Es1531 Es1511 is one of the leading recruiters in the industry. Managers in the Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Highly skilled collaborators
– Es1531 Es1511 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 (C) HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Weaknesses Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) | 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 (C) are -
Low market penetration in new markets
– Outside its home market of Es1531 Es1511, firm in the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
High operating costs
– Compare to the competitors, firm in the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) 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 Es1531 Es1511 's lucrative customers.
High cash cycle compare to competitors
Es1531 Es1511 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.
Interest costs
– Compare to the competition, Es1531 Es1511 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 Es1531 Es1511 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.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C), it seems that the employees of Es1531 Es1511 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.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C), is just above the industry average. Es1531 Es1511 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.
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 (C), in the dynamic environment Es1531 Es1511 has struggled to respond to the nimble upstart competition. Es1531 Es1511 has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Slow decision making process
– As mentioned earlier in the report, Es1531 Es1511 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. Es1531 Es1511 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.
Increasing silos among functional specialists
– The organizational structure of Es1531 Es1511 is dominated by functional specialists. It is not different from other players in the Innovation & Entrepreneurship segment. Es1531 Es1511 needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Es1531 Es1511 to focus more on services rather than just following the product oriented approach.
Aligning sales with marketing
– It come across in the case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) 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 (C) can leverage the sales team experience to cultivate customer relationships as Es1531 Es1511 is planning to shift buying processes online.
Opportunities Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) | 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 (C) are -
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Es1531 Es1511 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 Es1531 Es1511 to hire the very best people irrespective of their geographical location.
Using analytics as competitive advantage
– Es1531 Es1511 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 Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Es1531 Es1511 to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Better consumer reach
– The expansion of the 5G network will help Es1531 Es1511 to increase its market reach. Es1531 Es1511 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.
Learning at scale
– Online learning technologies has now opened space for Es1531 Es1511 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.
Buying journey improvements
– Es1531 Es1511 can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) 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.
Manufacturing automation
– Es1531 Es1511 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.
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. Es1531 Es1511 can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Es1531 Es1511 is facing challenges because of the dominance of functional experts in the organization. Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) 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.
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. Es1531 Es1511 can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
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 Es1531 Es1511 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.
Building a culture of innovation
– managers at Es1531 Es1511 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Es1531 Es1511 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 (C), to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Loyalty marketing
– Es1531 Es1511 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.
Threats Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) 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 (C) are -
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Es1531 Es1511 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.
Environmental challenges
– Es1531 Es1511 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. Es1531 Es1511 can take advantage of this fund but it will also bring new competitors in the Innovation & Entrepreneurship industry.
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. Es1531 Es1511 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.
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 Es1531 Es1511.
Increasing wage structure of Es1531 Es1511
– 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 Es1531 Es1511.
Regulatory challenges
– Es1531 Es1511 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.
Aging population
– As the populations of most advanced economies are aging, it will lead to high social security costs, higher savings among population, and lower demand for goods and services in the economy. The household savings in US, France, UK, Germany, and Japan are growing faster than predicted because of uncertainty caused by pandemic.
Stagnating economy with rate increase
– Es1531 Es1511 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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C), Es1531 Es1511 may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Innovation & Entrepreneurship .
Consumer confidence and its impact on Es1531 Es1511 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 level of anxiety and lack of motivation
– the Great Resignation in United States is the sign of broader dissatisfaction among the workforce in United States. Es1531 Es1511 needs to understand the core reasons impacting the Innovation & Entrepreneurship industry. This will help it in building a better workplace.
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 Es1531 Es1511 business can come under increasing regulations regarding data privacy, data security, etc.
Technology acceleration in Forth Industrial Revolution
– Es1531 Es1511 has witnessed rapid integration of technology during Covid-19 in the Innovation & Entrepreneurship industry. As one of the leading players in the industry, Es1531 Es1511 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.
Weighted SWOT Analysis of Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) 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 (C) 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 (C) 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 (C) 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 (C) 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 Es1531 Es1511 needs to make to build a sustainable competitive advantage.