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 - – technology disruption, increasing inequality as vast percentage of new income is going to the top 1%, challanges to central banks by blockchain based private currencies, there is increasing trade war between United States & China, there is backlash against globalization, increasing energy prices, increasing household debt because of falling income levels,
increasing commodity prices, customer relationship management is fast transforming because of increasing concerns over data privacy, 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 -
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.
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.
High brand equity
– Es1531 Es1511 has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Es1531 Es1511 to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
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.
Digital Transformation in Innovation & Entrepreneurship segment
- digital transformation varies from industry to industry. For Es1531 Es1511 digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Es1531 Es1511 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.
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.
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.
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.
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.
Analytics focus
– Es1531 Es1511 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 Derek Abell 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.
Low bargaining power of suppliers
– Suppliers of Es1531 Es1511 in the sector have low bargaining power. Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Es1531 Es1511 to manage not only supply disruptions but also source products at highly competitive prices.
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.
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 -
High bargaining power of channel partners
– Because of the regulatory requirements, Derek Abell suggests that, Es1531 Es1511 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.
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.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Es1531 Es1511 is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Products dominated business model
– Even though Es1531 Es1511 has some of the most successful products in the industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. firm in the HBR case study - Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C) should strive to include more intangible value offerings along with its core products and services.
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.
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.
Workers concerns about automation
– As automation is fast increasing in the segment, Es1531 Es1511 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.
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.
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 Es1531 Es1511 supply chain. Even after few cautionary changes mentioned in the HBR case study - Danica Purg: Entrepreneurial Leadership In Shaping Leadership Development (C), it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Es1531 Es1511 vulnerable to further global disruptions in South East Asia.
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.
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 -
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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Es1531 Es1511 can use these opportunities to build new business models that can help the communities that Es1531 Es1511 operates in. Secondly it can use opportunities from government spending in Innovation & Entrepreneurship sector.
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.
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.
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.
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.
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. Es1531 Es1511 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. Es1531 Es1511 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.
Developing new processes and practices
– Es1531 Es1511 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.
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.
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 Es1531 Es1511 in the consumer business. Now Es1531 Es1511 can target international markets with far fewer capital restrictions requirements than the existing system.
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.
Leveraging digital technologies
– Es1531 Es1511 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.
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 -
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.
High dependence on third party suppliers
– Es1531 Es1511 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
– 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.
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.
Shortening product life cycle
– it is one of the major threat that Es1531 Es1511 is facing in Innovation & Entrepreneurship sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Es1531 Es1511 with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
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 Es1531 Es1511 in the Innovation & Entrepreneurship sector and impact the bottomline of the organization.
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.
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.
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.
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.
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. Es1531 Es1511 can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
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.
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.
