Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
Innovation & Entrepreneurship
Strategy / MBA Resources
Case Study SWOT Analysis Solution
Case Study Description of Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus
This is the syllabus and course outline for "Entrepreneurship in Healthcare IT and Services (EHITS)" taught by Prof. Bob Higgins in the spring of 2017. Contains the course overview, objectives, goals and themes.
Swot Analysis of "Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus" written by Robert F. Higgins includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Ehits Syllabus facing as an external strategic factors. Some of the topics covered in Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus case study are - Strategic Management Strategies, Health, IT, Strategy and Innovation & Entrepreneurship.
Some of the macro environment factors that can be used to understand the Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus casestudy better are - – increasing household debt because of falling income levels, increasing inequality as vast percentage of new income is going to the top 1%, increasing commodity prices, cloud computing is disrupting traditional business models, supply chains are disrupted by pandemic , central banks are concerned over increasing inflation, there is backlash against globalization,
competitive advantages are harder to sustain because of technology dispersion, challanges to central banks by blockchain based private currencies, etc
Introduction to SWOT Analysis of Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: 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 in Healthcare IT Services (EHITS) Spring Term 2017: 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 Ehits Syllabus, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Ehits Syllabus 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 in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus can be done for the following purposes –
1. Strategic planning using facts provided in Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus case study
2. Improving business portfolio management of Ehits Syllabus
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 Ehits Syllabus
Strengths Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Ehits Syllabus in Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus Harvard Business Review case study are -
High switching costs
– The high switching costs that Ehits Syllabus 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.
Cross disciplinary teams
– Horizontal connected teams at the Ehits Syllabus 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.
Low bargaining power of suppliers
– Suppliers of Ehits Syllabus in the sector have low bargaining power. Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Ehits Syllabus to manage not only supply disruptions but also source products at highly competitive prices.
Highly skilled collaborators
– Ehits Syllabus 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 in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Training and development
– Ehits Syllabus has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: 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.
Ability to recruit top talent
– Ehits Syllabus is one of the leading recruiters in the industry. Managers in the Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Strong track record of project management
– Ehits Syllabus is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Effective Research and Development (R&D)
– Ehits Syllabus 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 in Healthcare IT Services (EHITS) Spring Term 2017: 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.
Superior customer experience
– The customer experience strategy of Ehits Syllabus in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Learning organization
- Ehits Syllabus 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 Ehits Syllabus is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Innovation driven organization
– Ehits Syllabus is one of the most innovative firm in sector. Manager in Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: 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.
Ability to lead change in Innovation & Entrepreneurship field
– Ehits Syllabus 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 Ehits Syllabus in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Weaknesses Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus are -
High dependence on star products
– The top 2 products and services of the firm as mentioned in the Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus 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 Ehits Syllabus has relatively successful track record of launching new products.
Products dominated business model
– Even though Ehits Syllabus 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 in Healthcare IT Services (EHITS) Spring Term 2017: 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 in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus, it seems that the employees of Ehits Syllabus 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.
Slow to strategic competitive environment developments
– As Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus HBR case study mentions - Ehits Syllabus 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.
Increasing silos among functional specialists
– The organizational structure of Ehits Syllabus is dominated by functional specialists. It is not different from other players in the Innovation & Entrepreneurship segment. Ehits Syllabus needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Ehits Syllabus to focus more on services rather than just following the product oriented approach.
Interest costs
– Compare to the competition, Ehits Syllabus 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.
Capital Spending Reduction
– Even during the low interest decade, Ehits Syllabus 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.
High operating costs
– Compare to the competitors, firm in the HBR case study Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus 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 Ehits Syllabus 's lucrative customers.
Workers concerns about automation
– As automation is fast increasing in the segment, Ehits Syllabus 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 bargaining power of channel partners
– Because of the regulatory requirements, Robert F. Higgins suggests that, Ehits Syllabus 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.
High cash cycle compare to competitors
Ehits Syllabus 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.
Opportunities Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: 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 in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus are -
Learning at scale
– Online learning technologies has now opened space for Ehits Syllabus 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.
Better consumer reach
– The expansion of the 5G network will help Ehits Syllabus to increase its market reach. Ehits Syllabus 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Ehits Syllabus can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Loyalty marketing
– Ehits Syllabus 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.
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. Ehits Syllabus can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Ehits Syllabus 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.
Building a culture of innovation
– managers at Ehits Syllabus 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.
Using analytics as competitive advantage
– Ehits Syllabus 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 in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Ehits Syllabus to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
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 Ehits Syllabus in the consumer business. Now Ehits Syllabus can target international markets with far fewer capital restrictions requirements than the existing system.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Ehits Syllabus is facing challenges because of the dominance of functional experts in the organization. Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: 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.
Leveraging digital technologies
– Ehits Syllabus 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Ehits Syllabus 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 Ehits Syllabus 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 Ehits Syllabus to reconfigure its entire business model. For example it can used blockchain based technologies to reduce piracy of its products in the big markets such as China. Secondly it can use the popularity of e-commerce in various developing markets to build a Direct to Customer business model rather than the current Channel Heavy distribution network.
Threats Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: 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 in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus are -
Consumer confidence and its impact on Ehits Syllabus 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. Ehits Syllabus needs to understand the core reasons impacting the Innovation & Entrepreneurship industry. This will help it in building a better workplace.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Ehits Syllabus with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Ehits Syllabus 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 Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus .
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 Ehits Syllabus business can come under increasing regulations regarding data privacy, data security, etc.
Stagnating economy with rate increase
– Ehits Syllabus 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.
High dependence on third party suppliers
– Ehits Syllabus 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.
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 in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus, Ehits Syllabus 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. Ehits Syllabus can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Technology acceleration in Forth Industrial Revolution
– Ehits Syllabus has witnessed rapid integration of technology during Covid-19 in the Innovation & Entrepreneurship industry. As one of the leading players in the industry, Ehits Syllabus 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.
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 Ehits Syllabus.
Shortening product life cycle
– it is one of the major threat that Ehits Syllabus is facing in Innovation & Entrepreneurship sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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 in Healthcare IT Services (EHITS) Spring Term 2017: 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 in Healthcare IT Services (EHITS) Spring Term 2017: 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 in Healthcare IT Services (EHITS) Spring Term 2017: 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 in Healthcare IT Services (EHITS) Spring Term 2017: 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 in Healthcare IT Services (EHITS) Spring Term 2017: 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 Ehits Syllabus needs to make to build a sustainable competitive advantage.
Feel free to connect with us if you need business research.
You can download Excel Template of Case Study Solution & Analysis of Entrepreneurship in Healthcare IT Services (EHITS) Spring Term 2017: Course Outline and Syllabus