Swot Analysis of "PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B)" written by Dominique Turpin includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Imd542 Deviled facing as an external strategic factors. Some of the topics covered in PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) case study are - Strategic Management Strategies, Marketing and Leadership & Managing People.
Some of the macro environment factors that can be used to understand the PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) casestudy better are - – there is increasing trade war between United States & China, increasing household debt because of falling income levels, increasing transportation and logistics costs, increasing government debt because of Covid-19 spendings, talent flight as more people leaving formal jobs, central banks are concerned over increasing inflation, challanges to central banks by blockchain based private currencies,
competitive advantages are harder to sustain because of technology dispersion, technology disruption, etc
Introduction to SWOT Analysis of PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B)
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Imd542 Deviled, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Imd542 Deviled 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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) can be done for the following purposes –
1. Strategic planning using facts provided in PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) case study
2. Improving business portfolio management of Imd542 Deviled
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 Imd542 Deviled
Strengths PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Imd542 Deviled in PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) Harvard Business Review case study are -
Learning organization
- Imd542 Deviled 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 Imd542 Deviled is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
High switching costs
– The high switching costs that Imd542 Deviled 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.
Sustainable margins compare to other players in Leadership & Managing People industry
– PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) firm has clearly differentiated products in the market place. This has enabled Imd542 Deviled to fetch slight price premium compare to the competitors in the Leadership & Managing People industry. The sustainable margins have also helped Imd542 Deviled to invest into research and development (R&D) and innovation.
Training and development
– Imd542 Deviled has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) 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.
Analytics focus
– Imd542 Deviled 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 Dominique Turpin 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.
Operational resilience
– The operational resilience strategy in the PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) Harvard Business Review case study comprises – understanding the underlying the factors in the industry, building diversified operations across different geographies so that disruption in one part of the world doesn’t impact the overall performance of the firm, and integrating the various business operations and processes through its digital transformation drive.
Organizational Resilience of Imd542 Deviled
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Imd542 Deviled does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Effective Research and Development (R&D)
– Imd542 Deviled 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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Digital Transformation in Leadership & Managing People segment
- digital transformation varies from industry to industry. For Imd542 Deviled digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Imd542 Deviled 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.
Ability to recruit top talent
– Imd542 Deviled is one of the leading recruiters in the industry. Managers in the PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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.
Superior customer experience
– The customer experience strategy of Imd542 Deviled in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Low bargaining power of suppliers
– Suppliers of Imd542 Deviled in the sector have low bargaining power. PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Imd542 Deviled to manage not only supply disruptions but also source products at highly competitive prices.
Weaknesses PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) are -
Low market penetration in new markets
– Outside its home market of Imd542 Deviled, firm in the HBR case study PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
High cash cycle compare to competitors
Imd542 Deviled 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.
High bargaining power of channel partners
– Because of the regulatory requirements, Dominique Turpin suggests that, Imd542 Deviled 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.
Aligning sales with marketing
– It come across in the case study PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) can leverage the sales team experience to cultivate customer relationships as Imd542 Deviled is planning to shift buying processes online.
Skills based hiring
– The stress on hiring functional specialists at Imd542 Deviled 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.
Slow to strategic competitive environment developments
– As PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) HBR case study mentions - Imd542 Deviled 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.
Slow decision making process
– As mentioned earlier in the report, Imd542 Deviled 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. Imd542 Deviled 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.
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 Imd542 Deviled supply chain. Even after few cautionary changes mentioned in the HBR case study - PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B), it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Imd542 Deviled vulnerable to further global disruptions in South East Asia.
High operating costs
– Compare to the competitors, firm in the HBR case study PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) 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 Imd542 Deviled 's lucrative customers.
Workers concerns about automation
– As automation is fast increasing in the segment, Imd542 Deviled 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.
Interest costs
– Compare to the competition, Imd542 Deviled 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.
Opportunities PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) are -
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Imd542 Deviled can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Buying journey improvements
– Imd542 Deviled can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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.
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 Imd542 Deviled 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Imd542 Deviled 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 Imd542 Deviled to hire the very best people irrespective of their geographical location.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Imd542 Deviled can use these opportunities to build new business models that can help the communities that Imd542 Deviled operates in. Secondly it can use opportunities from government spending in Leadership & Managing People sector.
Building a culture of innovation
– managers at Imd542 Deviled 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 Leadership & Managing People segment.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Imd542 Deviled 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, PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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.
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. Imd542 Deviled can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Imd542 Deviled is facing challenges because of the dominance of functional experts in the organization. PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Imd542 Deviled 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.
Loyalty marketing
– Imd542 Deviled 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Imd542 Deviled in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Leadership & Managing People segment, and it will provide faster access to the consumers.
Using analytics as competitive advantage
– Imd542 Deviled 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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Imd542 Deviled to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Threats PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) are -
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. Imd542 Deviled 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
– Imd542 Deviled has witnessed rapid integration of technology during Covid-19 in the Leadership & Managing People industry. As one of the leading players in the industry, Imd542 Deviled 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 Imd542 Deviled.
Regulatory challenges
– Imd542 Deviled 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 Leadership & Managing People industry regulations.
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 Imd542 Deviled in the Leadership & Managing People sector and impact the bottomline of the organization.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Imd542 Deviled 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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B) .
Environmental challenges
– Imd542 Deviled 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. Imd542 Deviled can take advantage of this fund but it will also bring new competitors in the Leadership & Managing People industry.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Imd542 Deviled in the Leadership & Managing People industry. The Leadership & Managing People 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.
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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (B), Imd542 Deviled 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 .
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.
Stagnating economy with rate increase
– Imd542 Deviled 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
– Imd542 Deviled 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.
Weighted SWOT Analysis of PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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 PLUMROSE LATINOAMERICANA: RELAUNCHING DEVILED HAM IN VENEZUELA (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 Imd542 Deviled needs to make to build a sustainable competitive advantage.
