Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis

Case Study SWOT Analysis Solution

Case Study Description of Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note

This Course Outline and Syllabus gives an overview of the Fall 2013 class Building Life Science Businesses.

Authors :: Richard G. Hamermesh

Topics :: Innovation & Entrepreneurship

Tags :: , SWOT Analysis, SWOT Matrix, TOWS, Weighted SWOT Analysis

Swot Analysis of "Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note" written by Richard G. Hamermesh includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Syllabus Outline facing as an external strategic factors. Some of the topics covered in Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note case study are - Strategic Management Strategies, and Innovation & Entrepreneurship.

Some of the macro environment factors that can be used to understand the Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note casestudy better are - – increasing transportation and logistics costs, there is backlash against globalization, there is increasing trade war between United States & China, talent flight as more people leaving formal jobs, banking and financial system is disrupted by Bitcoin and other crypto currencies, increasing energy prices, customer relationship management is fast transforming because of increasing concerns over data privacy, wage bills are increasing, increasing inequality as vast percentage of new income is going to the top 1%, etc

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Introduction to SWOT Analysis of Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note

SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Syllabus Outline, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Syllabus Outline 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.

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SWOT Objectives / Importance of SWOT Analysis and SWOT Matrix

SWOT analysis of Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note can be done for the following purposes –
1. Strategic planning using facts provided in Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note case study
2. Improving business portfolio management of Syllabus Outline
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 Syllabus Outline

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Strengths Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis

The strengths of Syllabus Outline in Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note Harvard Business Review case study are -

Training and development

– Syllabus Outline has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note 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.

Organizational Resilience of Syllabus Outline

– The covid-19 pandemic has put organizational resilience at the centre of everthing that Syllabus Outline does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.

Sustainable margins compare to other players in Innovation & Entrepreneurship industry

– Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note firm has clearly differentiated products in the market place. This has enabled Syllabus Outline to fetch slight price premium compare to the competitors in the Innovation & Entrepreneurship industry. The sustainable margins have also helped Syllabus Outline to invest into research and development (R&D) and innovation.

Analytics focus

– Syllabus Outline 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 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.

Learning organization

- Syllabus Outline 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 Syllabus Outline is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note Harvard Business Review case study emphasize – knowledge, initiative, and innovation.

Digital Transformation in Innovation & Entrepreneurship segment

- digital transformation varies from industry to industry. For Syllabus Outline digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Syllabus Outline 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.

Effective Research and Development (R&D)

– Syllabus Outline 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 Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.

Ability to lead change in Innovation & Entrepreneurship field

– Syllabus Outline 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 Syllabus Outline in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.

Cross disciplinary teams

– Horizontal connected teams at the Syllabus Outline 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.

High switching costs

– The high switching costs that Syllabus Outline 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.

Successful track record of launching new products

– Syllabus Outline has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Syllabus Outline 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.

Ability to recruit top talent

– Syllabus Outline is one of the leading recruiters in the industry. Managers in the Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.

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Weaknesses Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis

The weaknesses of Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note are -

Workers concerns about automation

– As automation is fast increasing in the segment, Syllabus Outline 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.

Compensation and incentives

– The revenue per employee as mentioned in the HBR case study Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note, is just above the industry average. Syllabus Outline 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.

High operating costs

– Compare to the competitors, firm in the HBR case study Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note 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 Syllabus Outline 's lucrative customers.

Aligning sales with marketing

– It come across in the case study Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note 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 Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note can leverage the sales team experience to cultivate customer relationships as Syllabus Outline is planning to shift buying processes online.

Capital Spending Reduction

– Even during the low interest decade, Syllabus Outline 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.

Need for greater diversity

– Syllabus Outline has taken concrete steps on diversity, equity, and inclusion. But the efforts so far has resulted in limited success. It needs to expand the recruitment and selection process to hire more people from the minorities and underprivileged background.

Low market penetration in new markets

– Outside its home market of Syllabus Outline, firm in the HBR case study Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.

Ability to respond to the competition

– As the decision making is very deliberative, highlighted in the case study Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note, in the dynamic environment Syllabus Outline has struggled to respond to the nimble upstart competition. Syllabus Outline has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.

Slow to strategic competitive environment developments

– As Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note HBR case study mentions - Syllabus Outline 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.

No frontier risks strategy

– After analyzing the HBR case study Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note, 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.

Products dominated business model

– Even though Syllabus Outline 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 - Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note should strive to include more intangible value offerings along with its core products and services.

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Opportunities Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note | 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 Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note are -

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 Syllabus Outline 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.

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. Syllabus Outline can explore opportunities that can attract volunteers and are consistent with its mission and vision.

Loyalty marketing

– Syllabus Outline 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.

Reforming the budgeting process

- By establishing new metrics that will be used to evaluate both existing and potential projects Syllabus Outline can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.

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. Syllabus Outline can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.

Using analytics as competitive advantage

– Syllabus Outline 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 Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Syllabus Outline to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.

Increase in government spending

– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Syllabus Outline can use these opportunities to build new business models that can help the communities that Syllabus Outline operates in. Secondly it can use opportunities from government spending in Innovation & Entrepreneurship sector.

Buying journey improvements

– Syllabus Outline can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note 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.

Remote work and new talent hiring opportunities

– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Syllabus Outline 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 Syllabus Outline to hire the very best people irrespective of their geographical location.

Building a culture of innovation

– managers at Syllabus Outline 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.

Lowering marketing communication costs

– 5G expansion will open new opportunities for Syllabus Outline 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.

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 Syllabus Outline in the consumer business. Now Syllabus Outline can target international markets with far fewer capital restrictions requirements than the existing system.

Developing new processes and practices

– Syllabus Outline 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.

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Threats Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis

The threats mentioned in the HBR case study Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note are -

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 Syllabus Outline in the Innovation & Entrepreneurship sector and impact the bottomline of the organization.

Increasing wage structure of Syllabus Outline

– 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 Syllabus Outline.

Technology acceleration in Forth Industrial Revolution

– Syllabus Outline has witnessed rapid integration of technology during Covid-19 in the Innovation & Entrepreneurship industry. As one of the leading players in the industry, Syllabus Outline 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.

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. Syllabus Outline 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.

Consumer confidence and its impact on Syllabus Outline 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.

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. Syllabus Outline can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.

Trade war between China and United States

– The trade war between two of the biggest economies can hugely impact the opportunities for Syllabus Outline 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 Syllabus Outline with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.

High dependence on third party suppliers

– Syllabus Outline 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.

Regulatory challenges

– Syllabus Outline 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.

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. Syllabus Outline needs to understand the core reasons impacting the Innovation & Entrepreneurship industry. This will help it in building a better workplace.

Learning curve for new practices

– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note, Syllabus Outline 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 .

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.

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Weighted SWOT Analysis of Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note 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 Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note 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 Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note 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 Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note 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 Building Life Science Businesses Fall Term 2013: Course Outline and Syllabus, Course Overview Note 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 Syllabus Outline needs to make to build a sustainable competitive advantage.

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