Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
Leadership & Managing People
Strategy / MBA Resources
Case Study SWOT Analysis Solution
Case Study Description of Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version
Initially, the dilemma seemed to be centered on how to respond to the bad news about delayed building renovations due to government red tape, which would continue to have a negative impact on the museum. However, this was a mere symptom of the real dilema of how to further develop an institution within a society lacking institutions or with very weak institutions. The case then proceeds to outline the major periods in the museum's institutional development: Building a Past: 1954-1968 The museum was founded within a specific social and historical context which served as the foundation from which later developments emerged. Its mission was identified, a network of trustees was established, the building was secured, and perhaps most importantly, its permanent collection was acquired. Storm and Stress: 1968-1993 Major benefactors suffered economically, left the country, or both. In the 1980s, political violence and economic instability added to the challenges. During this time, the museum adapted itself to the context. Starving for revenues, it offered art classes, which contributed to its economic survival (at worst), and enabled it to achieve a modicum of self-sufficiency (at best). MALIA?s Rise and Institutional Questioning: 1993-2002 The museum began to emerge in fuller form in the 1990s under the leadership of Walter Piazza, drawing support from a younger generation. In parallel with the country's rising fortunes, the museum began to broaden its support and diversify its revenues. In addition, foreign companies joined in to sponsor activities. Institutional Strengthening and the Next Five Years: 2003-2013 New activities were started and the museum gradually revived, culminating in its rebranding as MALI. However, this institutionalization process occurred within a healthy economic context. With a slowdown on the horizon and its potential subsequent pressures, would MALI as an institution be able to withstand the strain? Within this context, would Calda, Majluf, and Verme manage to further institutionalize MALI in a country devoid of institutions? Universidad del PacA?fico' case collection
Swot Analysis of "Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version" written by Matthew Bird includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Museum Mali facing as an external strategic factors. Some of the topics covered in Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version case study are - Strategic Management Strategies, Social responsibility and Leadership & Managing People.
Some of the macro environment factors that can be used to understand the Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version casestudy better are - – competitive advantages are harder to sustain because of technology dispersion, increasing inequality as vast percentage of new income is going to the top 1%, increasing energy prices, geopolitical disruptions, talent flight as more people leaving formal jobs, cloud computing is disrupting traditional business models, customer relationship management is fast transforming because of increasing concerns over data privacy,
there is backlash against globalization, wage bills are increasing, etc
Introduction to SWOT Analysis of Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Museum Mali, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Museum Mali 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version can be done for the following purposes –
1. Strategic planning using facts provided in Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version case study
2. Improving business portfolio management of Museum Mali
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 Museum Mali
Strengths Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Museum Mali in Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version Harvard Business Review case study are -
Superior customer experience
– The customer experience strategy of Museum Mali in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Operational resilience
– The operational resilience strategy in the Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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.
Low bargaining power of suppliers
– Suppliers of Museum Mali in the sector have low bargaining power. Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Museum Mali to manage not only supply disruptions but also source products at highly competitive prices.
Organizational Resilience of Museum Mali
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Museum Mali does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Innovation driven organization
– Museum Mali is one of the most innovative firm in sector. Manager in Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Learning organization
- Museum Mali 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 Museum Mali is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Successful track record of launching new products
– Museum Mali has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Museum Mali 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.
Effective Research and Development (R&D)
– Museum Mali 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Training and development
– Museum Mali has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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
– Museum Mali is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Ability to recruit top talent
– Museum Mali is one of the leading recruiters in the industry. Managers in the Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Diverse revenue streams
– Museum Mali is present in almost all the verticals within the industry. This has provided firm in Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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.
Weaknesses Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version are -
Aligning sales with marketing
– It come across in the case study Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version can leverage the sales team experience to cultivate customer relationships as Museum Mali is planning to shift buying processes online.
High dependence on star products
– The top 2 products and services of the firm as mentioned in the Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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 Museum Mali has relatively successful track record of launching new products.
High operating costs
– Compare to the competitors, firm in the HBR case study Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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 Museum Mali 's lucrative customers.
Slow decision making process
– As mentioned earlier in the report, Museum Mali 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. Museum Mali 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.
Increasing silos among functional specialists
– The organizational structure of Museum Mali is dominated by functional specialists. It is not different from other players in the Leadership & Managing People segment. Museum Mali needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Museum Mali to focus more on services rather than just following the product oriented approach.
Lack of clear differentiation of Museum Mali products
– To increase the profitability and margins on the products, Museum Mali needs to provide more differentiated products than what it is currently offering in the marketplace.
High bargaining power of channel partners
– Because of the regulatory requirements, Matthew Bird suggests that, Museum Mali 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.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version, in the dynamic environment Museum Mali has struggled to respond to the nimble upstart competition. Museum Mali has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Interest costs
– Compare to the competition, Museum Mali 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.
Skills based hiring
– The stress on hiring functional specialists at Museum Mali 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.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version, it seems that the employees of Museum Mali 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.
Opportunities Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version | 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version are -
Manufacturing automation
– Museum Mali 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.
Buying journey improvements
– Museum Mali can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Museum Mali 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.
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 Museum Mali 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.
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. Museum Mali 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. Museum Mali 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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Museum Mali can use these opportunities to build new business models that can help the communities that Museum Mali operates in. Secondly it can use opportunities from government spending in Leadership & Managing People sector.
Using analytics as competitive advantage
– Museum Mali 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Museum Mali to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Leveraging digital technologies
– Museum Mali 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.
Building a culture of innovation
– managers at Museum Mali 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.
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 Museum Mali in the consumer business. Now Museum Mali can target international markets with far fewer capital restrictions requirements than the existing system.
Learning at scale
– Online learning technologies has now opened space for Museum Mali 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.
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. Museum Mali can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Museum Mali 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.
Threats Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version are -
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. Museum Mali 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.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Museum Mali 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version .
Regulatory challenges
– Museum Mali 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.
Technology acceleration in Forth Industrial Revolution
– Museum Mali has witnessed rapid integration of technology during Covid-19 in the Leadership & Managing People industry. As one of the leading players in the industry, Museum Mali 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.
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.
High dependence on third party suppliers
– Museum Mali 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.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Museum Mali 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.
Stagnating economy with rate increase
– Museum Mali 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
– Museum Mali 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. Museum Mali can take advantage of this fund but it will also bring new competitors in the Leadership & Managing People industry.
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 Museum Mali in the Leadership & Managing People sector and impact the bottomline of the organization.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version, Museum Mali 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 .
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. Museum Mali can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Consumer confidence and its impact on Museum Mali demand
– There is a high probability of declining consumer confidence, given – high inflammation rate, rise of gig economy, lower job stability, increasing cost of living, higher interest rates, and aging demography. All the factors contribute to people saving higher rate of their income, resulting in lower consumer demand in the industry and other sectors.
Weighted SWOT Analysis of Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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 Lima Museum of Art (MALI): Give and You Shall Receive, Spanish Version 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 Museum Mali needs to make to build a sustainable competitive advantage.