Swot Analysis of "PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION" written by Benoit Leleux, Nir Berger includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Iction Imd481 facing as an external strategic factors. Some of the topics covered in PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION case study are - Strategic Management Strategies, Ethics, Financial management and Leadership & Managing People.
Some of the macro environment factors that can be used to understand the PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION casestudy better are - – supply chains are disrupted by pandemic , digital marketing is dominated by two big players Facebook and Google, central banks are concerned over increasing inflation, increasing energy prices, talent flight as more people leaving formal jobs, increasing household debt because of falling income levels, wage bills are increasing,
there is increasing trade war between United States & China, increasing inequality as vast percentage of new income is going to the top 1%, etc
Introduction to SWOT Analysis of PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Iction Imd481, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Iction Imd481 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION can be done for the following purposes –
1. Strategic planning using facts provided in PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION case study
2. Improving business portfolio management of Iction Imd481
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 Iction Imd481
Strengths PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Iction Imd481 in PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION Harvard Business Review case study are -
Strong track record of project management
– Iction Imd481 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 brand equity
– Iction Imd481 has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Iction Imd481 to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Low bargaining power of suppliers
– Suppliers of Iction Imd481 in the sector have low bargaining power. PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Iction Imd481 to manage not only supply disruptions but also source products at highly competitive prices.
Innovation driven organization
– Iction Imd481 is one of the most innovative firm in sector. Manager in PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Highly skilled collaborators
– Iction Imd481 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION HBR case study have helped the firm to develop new products and bring them quickly to the marketplace.
Analytics focus
– Iction Imd481 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 Benoit Leleux, Nir Berger 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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 Iction Imd481
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Iction Imd481 does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Effective Research and Development (R&D)
– Iction Imd481 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Ability to recruit top talent
– Iction Imd481 is one of the leading recruiters in the industry. Managers in the PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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 Iction Imd481 in the segment is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
High switching costs
– The high switching costs that Iction Imd481 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION are -
Aligning sales with marketing
– It come across in the case study PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION can leverage the sales team experience to cultivate customer relationships as Iction Imd481 is planning to shift buying processes online.
Employees’ incomplete understanding of strategy
– From the instances in the HBR case study PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION, it seems that the employees of Iction Imd481 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.
Lack of clear differentiation of Iction Imd481 products
– To increase the profitability and margins on the products, Iction Imd481 needs to provide more differentiated products than what it is currently offering in the marketplace.
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 Iction Imd481 supply chain. Even after few cautionary changes mentioned in the HBR case study - PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Iction Imd481 vulnerable to further global disruptions in South East Asia.
Increasing silos among functional specialists
– The organizational structure of Iction Imd481 is dominated by functional specialists. It is not different from other players in the Leadership & Managing People segment. Iction Imd481 needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Iction Imd481 to focus more on services rather than just following the product oriented approach.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION, is just above the industry average. Iction Imd481 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.
Products dominated business model
– Even though Iction Imd481 has some of the most successful products in the industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. firm in the HBR case study - PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION should strive to include more intangible value offerings along with its core products and services.
Capital Spending Reduction
– Even during the low interest decade, Iction Imd481 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.
Interest costs
– Compare to the competition, Iction Imd481 has borrowed money from the capital market at higher rates. It needs to restructure the interest payment and costs so that it can compete better and improve profitability.
Workers concerns about automation
– As automation is fast increasing in the segment, Iction Imd481 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 operating costs
– Compare to the competitors, firm in the HBR case study PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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 Iction Imd481 's lucrative customers.
Opportunities PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION | 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION are -
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Iction Imd481 can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Low interest rates
– Even though inflation is raising its head in most developed economies, Iction Imd481 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
– Iction Imd481 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.
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 Iction Imd481 in the consumer business. Now Iction Imd481 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 Iction Imd481 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.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Iction Imd481 is facing challenges because of the dominance of functional experts in the organization. PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Iction Imd481 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 Iction Imd481 to hire the very best people irrespective of their geographical location.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Iction Imd481 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, PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Developing new processes and practices
– Iction Imd481 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.
Buying journey improvements
– Iction Imd481 can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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.
Building a culture of innovation
– managers at Iction Imd481 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.
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. Iction Imd481 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. Iction Imd481 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.
Identify volunteer opportunities
– Covid-19 has impacted working population in two ways – it has led to people soul searching about their professional choices, resulting in mass resignation. Secondly it has encouraged people to do things that they are passionate about. This has opened opportunities for businesses to build volunteer oriented socially driven projects. Iction Imd481 can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Threats PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION are -
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Iction Imd481 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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION, Iction Imd481 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 .
Consumer confidence and its impact on Iction Imd481 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.
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 Iction Imd481 in the Leadership & Managing People sector and impact the bottomline of the organization.
Shortening product life cycle
– it is one of the major threat that Iction Imd481 is facing in Leadership & Managing People sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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 Iction Imd481.
Regulatory challenges
– Iction Imd481 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.
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.
Backlash against dominant players
– US Congress and other legislative arms of the government are getting tough on big business especially technology companies. The digital arm of Iction Imd481 business can come under increasing regulations regarding data privacy, data security, etc.
High dependence on third party suppliers
– Iction Imd481 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.
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. Iction Imd481 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
– Iction Imd481 has witnessed rapid integration of technology during Covid-19 in the Leadership & Managing People industry. As one of the leading players in the industry, Iction Imd481 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.
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. Iction Imd481 can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Weighted SWOT Analysis of PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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 PRIME FORESTRY GROUP AND PRECIOUS WOODS (B): PULP F(R)ICTION 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 Iction Imd481 needs to make to build a sustainable competitive advantage.