Swot Analysis of "Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - )" written by Howard H. Stevenson, Laura L. Nash includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that 1924 Autobiographical facing as an external strategic factors. Some of the topics covered in Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) case study are - Strategic Management Strategies, Government, Leadership and Leadership & Managing People.
Some of the macro environment factors that can be used to understand the Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) casestudy better are - – challanges to central banks by blockchain based private currencies, increasing transportation and logistics costs, talent flight as more people leaving formal jobs, digital marketing is dominated by two big players Facebook and Google, there is backlash against globalization, supply chains are disrupted by pandemic , increasing energy prices,
increasing household debt because of falling income levels, increasing commodity prices, etc
Introduction to SWOT Analysis of Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - )
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the 1924 Autobiographical, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which 1924 Autobiographical 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) can be done for the following purposes –
1. Strategic planning using facts provided in Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) case study
2. Improving business portfolio management of 1924 Autobiographical
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 1924 Autobiographical
Strengths Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of 1924 Autobiographical in Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) Harvard Business Review case study are -
High brand equity
– 1924 Autobiographical has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled 1924 Autobiographical to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Low bargaining power of suppliers
– Suppliers of 1924 Autobiographical in the sector have low bargaining power. Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps 1924 Autobiographical to manage not only supply disruptions but also source products at highly competitive prices.
Operational resilience
– The operational resilience strategy in the Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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.
Analytics focus
– 1924 Autobiographical 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 Howard H. Stevenson, Laura L. Nash 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.
Highly skilled collaborators
– 1924 Autobiographical 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Ability to lead change in Leadership & Managing People field
– 1924 Autobiographical 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 1924 Autobiographical in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Training and development
– 1924 Autobiographical has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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.
Strong track record of project management
– 1924 Autobiographical is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Superior customer experience
– The customer experience strategy of 1924 Autobiographical in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Digital Transformation in Leadership & Managing People segment
- digital transformation varies from industry to industry. For 1924 Autobiographical digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. 1924 Autobiographical 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
– 1924 Autobiographical has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. 1924 Autobiographical 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
– 1924 Autobiographical is one of the leading recruiters in the industry. Managers in the Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Weaknesses Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) are -
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ), it seems that the employees of 1924 Autobiographical don’t have comprehensive understanding of the firm’s strategy. This is reflected in number of promotional campaigns over the last few years that had mixed messaging and competing priorities. Some of the strategic activities and services promoted in the promotional campaigns were not consistent with the organization’s strategy.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ), is just above the industry average. 1924 Autobiographical 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.
Aligning sales with marketing
– It come across in the case study Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) can leverage the sales team experience to cultivate customer relationships as 1924 Autobiographical is planning to shift buying processes online.
Lack of clear differentiation of 1924 Autobiographical products
– To increase the profitability and margins on the products, 1924 Autobiographical needs to provide more differentiated products than what it is currently offering in the marketplace.
Low market penetration in new markets
– Outside its home market of 1924 Autobiographical, firm in the HBR case study Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ), in the dynamic environment 1924 Autobiographical has struggled to respond to the nimble upstart competition. 1924 Autobiographical has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
High bargaining power of channel partners
– Because of the regulatory requirements, Howard H. Stevenson, Laura L. Nash suggests that, 1924 Autobiographical 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.
Capital Spending Reduction
– Even during the low interest decade, 1924 Autobiographical 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
– 1924 Autobiographical 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.
No frontier risks strategy
– After analyzing the HBR case study Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ), 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 operating costs
– Compare to the competitors, firm in the HBR case study Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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 1924 Autobiographical 's lucrative customers.
Opportunities Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) | 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) are -
Loyalty marketing
– 1924 Autobiographical 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, 1924 Autobiographical 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, Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ), to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for 1924 Autobiographical 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 1924 Autobiographical to hire the very best people irrespective of their geographical location.
Building a culture of innovation
– managers at 1924 Autobiographical 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.
Using analytics as competitive advantage
– 1924 Autobiographical 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) - to build a competitive advantage using analytics. The analytics driven competitive advantage can help 1924 Autobiographical to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Buying journey improvements
– 1924 Autobiographical can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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.
Manufacturing automation
– 1924 Autobiographical 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.
Creating value in data economy
– The success of analytics program of 1924 Autobiographical has opened avenues for new revenue streams for the organization in the industry. This can help 1924 Autobiographical to build a more holistic ecosystem as suggested in the Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) case study. 1924 Autobiographical can build new products and services such as - data insight services, data privacy related products, data based consulting services, etc.
Leveraging digital technologies
– 1924 Autobiographical 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for 1924 Autobiographical 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects 1924 Autobiographical can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Redefining models of collaboration and team work
– As explained in the weaknesses section, 1924 Autobiographical is facing challenges because of the dominance of functional experts in the organization. Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, 1924 Autobiographical can use these opportunities to build new business models that can help the communities that 1924 Autobiographical operates in. Secondly it can use opportunities from government spending in Leadership & Managing People sector.
Threats Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) are -
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.
Regulatory challenges
– 1924 Autobiographical 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 1924 Autobiographical in the Leadership & Managing People 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.
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. 1924 Autobiographical 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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ), 1924 Autobiographical 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 .
Increasing wage structure of 1924 Autobiographical
– 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 1924 Autobiographical.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, 1924 Autobiographical 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) .
Shortening product life cycle
– it is one of the major threat that 1924 Autobiographical is facing in Leadership & Managing People sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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. 1924 Autobiographical can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Environmental challenges
– 1924 Autobiographical 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. 1924 Autobiographical can take advantage of this fund but it will also bring new competitors in the Leadership & Managing People industry.
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 1924 Autobiographical.
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. 1924 Autobiographical needs to understand the core reasons impacting the Leadership & Managing People industry. This will help it in building a better workplace.
Weighted SWOT Analysis of Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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 Doer's Profile Jimmy Carter (James Earl, Jr.) (1924 - ) 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 1924 Autobiographical needs to make to build a sustainable competitive advantage.
