Swot Analysis of "Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus" written by Richard G. Hamermesh, Robert F. Higgins includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Entrepreneurship Healthcare facing as an external strategic factors. Some of the topics covered in Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus case study are - Strategic Management Strategies, and Innovation & Entrepreneurship.
Some of the macro environment factors that can be used to understand the Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus casestudy better are - – increasing government debt because of Covid-19 spendings, supply chains are disrupted by pandemic , increasing transportation and logistics costs, increasing energy prices, cloud computing is disrupting traditional business models, 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%,
digital marketing is dominated by two big players Facebook and Google, competitive advantages are harder to sustain because of technology dispersion, etc
Introduction to SWOT Analysis of Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Entrepreneurship Healthcare, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Entrepreneurship Healthcare 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 Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus can be done for the following purposes –
1. Strategic planning using facts provided in Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus case study
2. Improving business portfolio management of Entrepreneurship Healthcare
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 Entrepreneurship Healthcare
Strengths Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Entrepreneurship Healthcare in Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus Harvard Business Review case study are -
Highly skilled collaborators
– Entrepreneurship Healthcare 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 Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Diverse revenue streams
– Entrepreneurship Healthcare is present in almost all the verticals within the industry. This has provided firm in Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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.
Sustainable margins compare to other players in Innovation & Entrepreneurship industry
– Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus firm has clearly differentiated products in the market place. This has enabled Entrepreneurship Healthcare to fetch slight price premium compare to the competitors in the Innovation & Entrepreneurship industry. The sustainable margins have also helped Entrepreneurship Healthcare to invest into research and development (R&D) and innovation.
Operational resilience
– The operational resilience strategy in the Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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.
Effective Research and Development (R&D)
– Entrepreneurship Healthcare 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 Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Training and development
– Entrepreneurship Healthcare has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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.
Strong track record of project management
– Entrepreneurship Healthcare is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Low bargaining power of suppliers
– Suppliers of Entrepreneurship Healthcare in the sector have low bargaining power. Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Entrepreneurship Healthcare to manage not only supply disruptions but also source products at highly competitive prices.
Ability to lead change in Innovation & Entrepreneurship field
– Entrepreneurship Healthcare 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 Entrepreneurship Healthcare in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Innovation driven organization
– Entrepreneurship Healthcare is one of the most innovative firm in sector. Manager in Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Analytics focus
– Entrepreneurship Healthcare 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 Richard G. Hamermesh, Robert F. Higgins 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.
Successful track record of launching new products
– Entrepreneurship Healthcare has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Entrepreneurship Healthcare 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.
Weaknesses Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus are -
Increasing silos among functional specialists
– The organizational structure of Entrepreneurship Healthcare is dominated by functional specialists. It is not different from other players in the Innovation & Entrepreneurship segment. Entrepreneurship Healthcare needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Entrepreneurship Healthcare to focus more on services rather than just following the product oriented approach.
Slow to strategic competitive environment developments
– As Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus HBR case study mentions - Entrepreneurship Healthcare 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.
High bargaining power of channel partners
– Because of the regulatory requirements, Richard G. Hamermesh, Robert F. Higgins suggests that, Entrepreneurship Healthcare 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.
Products dominated business model
– Even though Entrepreneurship Healthcare 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 - Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus should strive to include more intangible value offerings along with its core products and services.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus, it seems that the employees of Entrepreneurship Healthcare 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.
High cash cycle compare to competitors
Entrepreneurship Healthcare 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 decision making process
– As mentioned earlier in the report, Entrepreneurship Healthcare 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. Entrepreneurship Healthcare 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.
Interest costs
– Compare to the competition, Entrepreneurship Healthcare 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.
No frontier risks strategy
– After analyzing the HBR case study Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus, 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.
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 Entrepreneurship Healthcare supply chain. Even after few cautionary changes mentioned in the HBR case study - Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Entrepreneurship Healthcare vulnerable to further global disruptions in South East Asia.
Capital Spending Reduction
– Even during the low interest decade, Entrepreneurship Healthcare 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.
Opportunities Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus | 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 Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus are -
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Entrepreneurship Healthcare 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 Entrepreneurship Healthcare to hire the very best people irrespective of their geographical location.
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 Entrepreneurship Healthcare 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Entrepreneurship Healthcare 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.
Using analytics as competitive advantage
– Entrepreneurship Healthcare 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 Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Entrepreneurship Healthcare to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Learning at scale
– Online learning technologies has now opened space for Entrepreneurship Healthcare 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.
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. Entrepreneurship Healthcare 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, Entrepreneurship Healthcare is facing challenges because of the dominance of functional experts in the organization. Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Entrepreneurship Healthcare 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.
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. Entrepreneurship Healthcare 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. Entrepreneurship Healthcare 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Entrepreneurship Healthcare 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
– Entrepreneurship Healthcare can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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.
Developing new processes and practices
– Entrepreneurship Healthcare can develop new processes and procedures in Innovation & Entrepreneurship industry using technology such as automation using artificial intelligence, real time transportation and products tracking, 3D modeling for concept development and new products pilot testing etc.
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 Entrepreneurship Healthcare in the consumer business. Now Entrepreneurship Healthcare can target international markets with far fewer capital restrictions requirements than the existing system.
Threats Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus are -
Shortening product life cycle
– it is one of the major threat that Entrepreneurship Healthcare is facing in Innovation & Entrepreneurship sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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 Entrepreneurship Healthcare 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 Entrepreneurship Healthcare in the Innovation & Entrepreneurship sector and impact the bottomline of the organization.
High dependence on third party suppliers
– Entrepreneurship Healthcare 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.
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.
Technology acceleration in Forth Industrial Revolution
– Entrepreneurship Healthcare has witnessed rapid integration of technology during Covid-19 in the Innovation & Entrepreneurship industry. As one of the leading players in the industry, Entrepreneurship Healthcare 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.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Entrepreneurship Healthcare 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.
Stagnating economy with rate increase
– Entrepreneurship Healthcare 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.
Environmental challenges
– Entrepreneurship Healthcare 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. Entrepreneurship Healthcare can take advantage of this fund but it will also bring new competitors in the Innovation & Entrepreneurship industry.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Entrepreneurship Healthcare with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus, Entrepreneurship Healthcare 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 .
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. Entrepreneurship Healthcare can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
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.
Weighted SWOT Analysis of Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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 Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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 Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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 Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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 Entrepreneurship and Venture Capital in Healthcare Fall Term 2011: Course Outline and Syllabus 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 Entrepreneurship Healthcare needs to make to build a sustainable competitive advantage.
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