Swot Analysis of "Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B)" written by Gerard Seijts, Thomas Watson includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that W12279 Enbridge facing as an external strategic factors. Some of the topics covered in Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) case study are - Strategic Management Strategies, and Leadership & Managing People.
Some of the macro environment factors that can be used to understand the Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) casestudy better are - – increasing government debt because of Covid-19 spendings, increasing commodity prices, increasing transportation and logistics costs, 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, increasing household debt because of falling income levels, geopolitical disruptions,
challanges to central banks by blockchain based private currencies, wage bills are increasing, etc
Introduction to SWOT Analysis of Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B)
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the W12279 Enbridge, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which W12279 Enbridge 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) can be done for the following purposes –
1. Strategic planning using facts provided in Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) case study
2. Improving business portfolio management of W12279 Enbridge
3. Assessing feasibility of the new initiative in Leadership & Managing People field.
4. Making a Leadership & Managing People topic specific business decision
5. Set goals for the organization
6. Organizational restructuring of W12279 Enbridge
Strengths Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of W12279 Enbridge in Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) Harvard Business Review case study are -
Highly skilled collaborators
– W12279 Enbridge 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Learning organization
- W12279 Enbridge 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 W12279 Enbridge is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Innovation driven organization
– W12279 Enbridge is one of the most innovative firm in sector. Manager in Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Diverse revenue streams
– W12279 Enbridge is present in almost all the verticals within the industry. This has provided firm in Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) case study a diverse revenue stream that has helped it to survive disruptions such as global pandemic in Covid-19, financial disruption of 2008, and supply chain disruption of 2021.
Ability to lead change in Leadership & Managing People field
– W12279 Enbridge 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 W12279 Enbridge in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Organizational Resilience of W12279 Enbridge
– The covid-19 pandemic has put organizational resilience at the centre of everthing that W12279 Enbridge does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
High brand equity
– W12279 Enbridge has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled W12279 Enbridge to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Low bargaining power of suppliers
– Suppliers of W12279 Enbridge in the sector have low bargaining power. Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps W12279 Enbridge to manage not only supply disruptions but also source products at highly competitive prices.
Ability to recruit top talent
– W12279 Enbridge is one of the leading recruiters in the industry. Managers in the Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Digital Transformation in Leadership & Managing People segment
- digital transformation varies from industry to industry. For W12279 Enbridge digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. W12279 Enbridge 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.
Strong track record of project management
– W12279 Enbridge is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
High switching costs
– The high switching costs that W12279 Enbridge 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.
Weaknesses Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) are -
Slow decision making process
– As mentioned earlier in the report, W12279 Enbridge 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. W12279 Enbridge 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.
No frontier risks strategy
– After analyzing the HBR case study Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B), it seems that company is thinking about the frontier risks that can impact Leadership & Managing People 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 W12279 Enbridge supply chain. Even after few cautionary changes mentioned in the HBR case study - Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B), it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left W12279 Enbridge vulnerable to further global disruptions in South East Asia.
Low market penetration in new markets
– Outside its home market of W12279 Enbridge, firm in the HBR case study Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Lack of clear differentiation of W12279 Enbridge products
– To increase the profitability and margins on the products, W12279 Enbridge needs to provide more differentiated products than what it is currently offering in the marketplace.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B), in the dynamic environment W12279 Enbridge has struggled to respond to the nimble upstart competition. W12279 Enbridge 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) HBR case study mentions - W12279 Enbridge 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.
Workers concerns about automation
– As automation is fast increasing in the segment, W12279 Enbridge 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 dependence on star products
– The top 2 products and services of the firm as mentioned in the Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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 W12279 Enbridge has relatively successful track record of launching new products.
Aligning sales with marketing
– It come across in the case study Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) can leverage the sales team experience to cultivate customer relationships as W12279 Enbridge is planning to shift buying processes online.
Skills based hiring
– The stress on hiring functional specialists at W12279 Enbridge 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) | 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) are -
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Leadership & Managing People industry, but it has also influenced the consumer preferences. W12279 Enbridge can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Better consumer reach
– The expansion of the 5G network will help W12279 Enbridge to increase its market reach. W12279 Enbridge 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.
Redefining models of collaboration and team work
– As explained in the weaknesses section, W12279 Enbridge is facing challenges because of the dominance of functional experts in the organization. Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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.
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 W12279 Enbridge 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.
Manufacturing automation
– W12279 Enbridge can use the latest technology developments to improve its manufacturing and designing process in Leadership & Managing People 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.
Changes in consumer behavior post Covid-19
– Consumer behavior has changed in the Leadership & Managing People industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. W12279 Enbridge 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. W12279 Enbridge 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.
Learning at scale
– Online learning technologies has now opened space for W12279 Enbridge 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, W12279 Enbridge 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.
Buying journey improvements
– W12279 Enbridge can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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.
Using analytics as competitive advantage
– W12279 Enbridge 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) - to build a competitive advantage using analytics. The analytics driven competitive advantage can help W12279 Enbridge to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, W12279 Enbridge 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, Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B), 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
– W12279 Enbridge 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.
Developing new processes and practices
– W12279 Enbridge can develop new processes and procedures in Leadership & Managing People 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.
Threats Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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 W12279 Enbridge in the Leadership & Managing People sector and impact the bottomline of the organization.
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. W12279 Enbridge needs to understand the core reasons impacting the Leadership & Managing People industry. This will help it in building a better workplace.
Technology acceleration in Forth Industrial Revolution
– W12279 Enbridge has witnessed rapid integration of technology during Covid-19 in the Leadership & Managing People industry. As one of the leading players in the industry, W12279 Enbridge needs to keep up with the evolution of technology in the Leadership & Managing People 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 W12279 Enbridge.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B), W12279 Enbridge may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Leadership & Managing People .
High dependence on third party suppliers
– W12279 Enbridge 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.
Increasing wage structure of W12279 Enbridge
– 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 W12279 Enbridge.
Stagnating economy with rate increase
– W12279 Enbridge 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
– W12279 Enbridge 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. W12279 Enbridge can take advantage of this fund but it will also bring new competitors in the Leadership & Managing People industry.
Easy access to finance
– Easy access to finance in Leadership & Managing People field will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. W12279 Enbridge can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Shortening product life cycle
– it is one of the major threat that W12279 Enbridge is facing in Leadership & Managing People sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, W12279 Enbridge 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) .
Weighted SWOT Analysis of Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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 Enbridge Michigan Oil Spill: Patrick Daniel's Challenge (B) 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 W12279 Enbridge needs to make to build a sustainable competitive advantage.