Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
Leadership & Managing People
Strategy / MBA Resources
Case Study SWOT Analysis Solution
Case Study Description of Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization
To confront three emerging challenges -- Globalization, Digitization and Politicization -- corporate leaders will have to become Arbitrageurs in the way they allocate resources; adopt the mind-set of Experimenters; and be Orchestrators of hybrid organizational models, harnessing diversity and ambiguity as sources of competitive advantage.
Swot Analysis of "Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization" written by Fabrizio Ferraro, Bruno Cassiman includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Politicization Digitization facing as an external strategic factors. Some of the topics covered in Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization case study are - Strategic Management Strategies, Economy, Globalization, Social responsibility, Strategy, Supply chain and Leadership & Managing People.
Some of the macro environment factors that can be used to understand the Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization casestudy better are - – supply chains are disrupted by pandemic , increasing government debt because of Covid-19 spendings, customer relationship management is fast transforming because of increasing concerns over data privacy, cloud computing is disrupting traditional business models, talent flight as more people leaving formal jobs, technology disruption, increasing inequality as vast percentage of new income is going to the top 1%,
increasing energy prices, there is backlash against globalization, etc
Introduction to SWOT Analysis of Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Politicization Digitization, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Politicization Digitization 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization can be done for the following purposes –
1. Strategic planning using facts provided in Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization case study
2. Improving business portfolio management of Politicization Digitization
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 Politicization Digitization
Strengths Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Politicization Digitization in Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization Harvard Business Review case study are -
Superior customer experience
– The customer experience strategy of Politicization Digitization 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 Politicization Digitization digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Politicization Digitization 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.
Innovation driven organization
– Politicization Digitization is one of the most innovative firm in sector. Manager in Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Analytics focus
– Politicization Digitization 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 Fabrizio Ferraro, Bruno Cassiman 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.
Ability to recruit top talent
– Politicization Digitization is one of the leading recruiters in the industry. Managers in the Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization are in a position to attract the best talent available. The firm has a robust talent identification program that helps in identifying the brightest.
Low bargaining power of suppliers
– Suppliers of Politicization Digitization in the sector have low bargaining power. Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Politicization Digitization to manage not only supply disruptions but also source products at highly competitive prices.
Training and development
– Politicization Digitization has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization 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.
Learning organization
- Politicization Digitization 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 Politicization Digitization is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
High switching costs
– The high switching costs that Politicization Digitization 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.
Successful track record of launching new products
– Politicization Digitization has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Politicization Digitization 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.
Sustainable margins compare to other players in Leadership & Managing People industry
– Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization firm has clearly differentiated products in the market place. This has enabled Politicization Digitization to fetch slight price premium compare to the competitors in the Leadership & Managing People industry. The sustainable margins have also helped Politicization Digitization to invest into research and development (R&D) and innovation.
Effective Research and Development (R&D)
– Politicization Digitization 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization - staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Weaknesses Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization are -
Interest costs
– Compare to the competition, Politicization Digitization 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.
Slow to strategic competitive environment developments
– As Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization HBR case study mentions - Politicization Digitization 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.
High bargaining power of channel partners
– Because of the regulatory requirements, Fabrizio Ferraro, Bruno Cassiman suggests that, Politicization Digitization 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.
Need for greater diversity
– Politicization Digitization 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.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Politicization Digitization is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Products dominated business model
– Even though Politicization Digitization 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 - Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization should strive to include more intangible value offerings along with its core products and services.
Low market penetration in new markets
– Outside its home market of Politicization Digitization, firm in the HBR case study Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
No frontier risks strategy
– After analyzing the HBR case study Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization, 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.
Aligning sales with marketing
– It come across in the case study Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization can leverage the sales team experience to cultivate customer relationships as Politicization Digitization is planning to shift buying processes online.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization, in the dynamic environment Politicization Digitization has struggled to respond to the nimble upstart competition. Politicization Digitization has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Workers concerns about automation
– As automation is fast increasing in the segment, Politicization Digitization 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.
Opportunities Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization | 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization are -
Redefining models of collaboration and team work
– As explained in the weaknesses section, Politicization Digitization is facing challenges because of the dominance of functional experts in the organization. Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization 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.
Using analytics as competitive advantage
– Politicization Digitization 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Politicization Digitization to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Leveraging digital technologies
– Politicization Digitization 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Politicization Digitization 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 Politicization Digitization to hire the very best people irrespective of their geographical location.
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 Politicization Digitization 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.
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 Politicization Digitization in the consumer business. Now Politicization Digitization can target international markets with far fewer capital restrictions requirements than the existing system.
Buying journey improvements
– Politicization Digitization can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization 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.
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. Politicization Digitization can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Better consumer reach
– The expansion of the 5G network will help Politicization Digitization to increase its market reach. Politicization Digitization will be able to reach out to new customers. Secondly 5G will also provide technology framework to build new tools and products that can help more immersive consumer experience and faster consumer journey.
Learning at scale
– Online learning technologies has now opened space for Politicization Digitization 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.
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. Politicization Digitization can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Building a culture of innovation
– managers at Politicization Digitization 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Politicization Digitization 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.
Threats Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization are -
Stagnating economy with rate increase
– Politicization Digitization 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.
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 Politicization Digitization business can come under increasing regulations regarding data privacy, data security, etc.
High dependence on third party suppliers
– Politicization Digitization 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.
Environmental challenges
– Politicization Digitization 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. Politicization Digitization can take advantage of this fund but it will also bring new competitors in the Leadership & Managing People industry.
Shortening product life cycle
– it is one of the major threat that Politicization Digitization is facing in Leadership & Managing People sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization, Politicization Digitization 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 Politicization Digitization 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.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Politicization Digitization with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
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.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Politicization Digitization 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.
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. Politicization Digitization can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Politicization Digitization 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization .
Technology acceleration in Forth Industrial Revolution
– Politicization Digitization has witnessed rapid integration of technology during Covid-19 in the Leadership & Managing People industry. As one of the leading players in the industry, Politicization Digitization 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.
Weighted SWOT Analysis of Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization 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 Three Trends That Will Change How You Manage: Globalization, Digitization and Politicization 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 Politicization Digitization needs to make to build a sustainable competitive advantage.
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