Swot Analysis of "Man for All Seasons Summary: Reasoning from Multiple Moralities" written by Sandra J. Sucher includes – strengths weakness that are internal strategic factors of the organization, and opportunities and threats that Summary Moralities facing as an external strategic factors. Some of the topics covered in Man for All Seasons Summary: Reasoning from Multiple Moralities case study are - Strategic Management Strategies, Ethics, Leadership, Risk management and Leadership & Managing People.
Some of the macro environment factors that can be used to understand the Man for All Seasons Summary: Reasoning from Multiple Moralities casestudy better are - – increasing inequality as vast percentage of new income is going to the top 1%, increasing commodity prices, there is increasing trade war between United States & China, central banks are concerned over increasing inflation, wage bills are increasing, geopolitical disruptions, talent flight as more people leaving formal jobs,
supply chains are disrupted by pandemic , banking and financial system is disrupted by Bitcoin and other crypto currencies, etc
Introduction to SWOT Analysis of Man for All Seasons Summary: Reasoning from Multiple Moralities
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University , we believe that protagonist in Man for All Seasons Summary: Reasoning from Multiple Moralities case study can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Summary Moralities, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Summary Moralities 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 Man for All Seasons Summary: Reasoning from Multiple Moralities can be done for the following purposes –
1. Strategic planning using facts provided in Man for All Seasons Summary: Reasoning from Multiple Moralities case study
2. Improving business portfolio management of Summary Moralities
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 Summary Moralities
Strengths Man for All Seasons Summary: Reasoning from Multiple Moralities | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Summary Moralities in Man for All Seasons Summary: Reasoning from Multiple Moralities Harvard Business Review case study are -
Strong track record of project management
– Summary Moralities 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 lead change in Leadership & Managing People field
– Summary Moralities 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 Summary Moralities in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Innovation driven organization
– Summary Moralities is one of the most innovative firm in sector. Manager in Man for All Seasons Summary: Reasoning from Multiple Moralities Harvard Business Review case study can use Clayton Christensen Disruptive Innovation strategies to further increase the scale of innovtions in the organization.
Organizational Resilience of Summary Moralities
– The covid-19 pandemic has put organizational resilience at the centre of everthing that Summary Moralities does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Diverse revenue streams
– Summary Moralities is present in almost all the verticals within the industry. This has provided firm in Man for All Seasons Summary: Reasoning from Multiple Moralities 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.
Learning organization
- Summary Moralities 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 Summary Moralities is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders in Man for All Seasons Summary: Reasoning from Multiple Moralities Harvard Business Review case study emphasize – knowledge, initiative, and innovation.
Digital Transformation in Leadership & Managing People segment
- digital transformation varies from industry to industry. For Summary Moralities digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Summary Moralities has successfully integrated the four key components of digital transformation – digital integration in processes, digital integration in marketing and customer relationship management, digital integration into the value chain, and using technology to explore new products and market opportunities.
Ability to recruit top talent
– Summary Moralities is one of the leading recruiters in the industry. Managers in the Man for All Seasons Summary: Reasoning from Multiple Moralities 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 Summary Moralities 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 Man for All Seasons Summary: Reasoning from Multiple Moralities 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.
Successful track record of launching new products
– Summary Moralities has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Summary Moralities 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.
Training and development
– Summary Moralities has one of the best training and development program in the industry. The effectiveness of the training programs can be measured in Man for All Seasons Summary: Reasoning from Multiple Moralities 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.
Weaknesses Man for All Seasons Summary: Reasoning from Multiple Moralities | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Man for All Seasons Summary: Reasoning from Multiple Moralities are -
Need for greater diversity
– Summary Moralities 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.
High dependence on star products
– The top 2 products and services of the firm as mentioned in the Man for All Seasons Summary: Reasoning from Multiple Moralities 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 Summary Moralities has relatively successful track record of launching new products.
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 Summary Moralities supply chain. Even after few cautionary changes mentioned in the HBR case study - Man for All Seasons Summary: Reasoning from Multiple Moralities, it is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Summary Moralities vulnerable to further global disruptions in South East Asia.
Products dominated business model
– Even though Summary Moralities 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 - Man for All Seasons Summary: Reasoning from Multiple Moralities should strive to include more intangible value offerings along with its core products and services.
High bargaining power of channel partners
– Because of the regulatory requirements, Sandra J. Sucher suggests that, Summary Moralities 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, Summary Moralities 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.
Compensation and incentives
– The revenue per employee as mentioned in the HBR case study Man for All Seasons Summary: Reasoning from Multiple Moralities, is just above the industry average. Summary Moralities 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.
Ability to respond to the competition
– As the decision making is very deliberative, highlighted in the case study Man for All Seasons Summary: Reasoning from Multiple Moralities, in the dynamic environment Summary Moralities has struggled to respond to the nimble upstart competition. Summary Moralities has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
High operating costs
– Compare to the competitors, firm in the HBR case study Man for All Seasons Summary: Reasoning from Multiple Moralities 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 Summary Moralities 's lucrative customers.
Low market penetration in new markets
– Outside its home market of Summary Moralities, firm in the HBR case study Man for All Seasons Summary: Reasoning from Multiple Moralities needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Summary Moralities is slow explore the new channels of communication. These new channels of communication mentioned in marketing section of case study Man for All Seasons Summary: Reasoning from Multiple Moralities can help to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Opportunities Man for All Seasons Summary: Reasoning from Multiple Moralities | 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 Man for All Seasons Summary: Reasoning from Multiple Moralities are -
Developing new processes and practices
– Summary Moralities 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Summary Moralities can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Building a culture of innovation
– managers at Summary Moralities 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.
Buying journey improvements
– Summary Moralities can improve the customer journey of consumers in the industry by using analytics and artificial intelligence. Man for All Seasons Summary: Reasoning from Multiple Moralities 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.
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 Summary Moralities in the consumer business. Now Summary Moralities can target international markets with far fewer capital restrictions requirements than the existing system.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Summary Moralities can use these opportunities to build new business models that can help the communities that Summary Moralities operates in. Secondly it can use opportunities from government spending in Leadership & Managing People sector.
Using analytics as competitive advantage
– Summary Moralities 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 Man for All Seasons Summary: Reasoning from Multiple Moralities - to build a competitive advantage using analytics. The analytics driven competitive advantage can help Summary Moralities to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Loyalty marketing
– Summary Moralities 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.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Summary Moralities is facing challenges because of the dominance of functional experts in the organization. Man for All Seasons Summary: Reasoning from Multiple Moralities 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.
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 Summary Moralities 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Summary Moralities 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Summary Moralities 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Summary Moralities 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, Man for All Seasons Summary: Reasoning from Multiple Moralities, to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Threats Man for All Seasons Summary: Reasoning from Multiple Moralities External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats mentioned in the HBR case study Man for All Seasons Summary: Reasoning from Multiple Moralities are -
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, as highlighted in case study Man for All Seasons Summary: Reasoning from Multiple Moralities, Summary Moralities 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 international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Summary Moralities 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 Man for All Seasons Summary: Reasoning from Multiple Moralities .
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. Summary Moralities needs to understand the core reasons impacting the Leadership & Managing People industry. This will help it in building a better workplace.
High dependence on third party suppliers
– Summary Moralities 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.
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 Summary Moralities in the Leadership & Managing People sector and impact the bottomline of the organization.
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. Summary Moralities can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
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 Summary Moralities.
Increasing wage structure of Summary Moralities
– 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 Summary Moralities.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry in the industry are lowering. It can presents Summary Moralities with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Consumer confidence and its impact on Summary Moralities 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.
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 Summary Moralities business can come under increasing regulations regarding data privacy, data security, etc.
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.
Regulatory challenges
– Summary Moralities 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.
Weighted SWOT Analysis of Man for All Seasons Summary: Reasoning from Multiple Moralities 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 Man for All Seasons Summary: Reasoning from Multiple Moralities 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 Man for All Seasons Summary: Reasoning from Multiple Moralities 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 Man for All Seasons Summary: Reasoning from Multiple Moralities 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 Man for All Seasons Summary: Reasoning from Multiple Moralities 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 Summary Moralities needs to make to build a sustainable competitive advantage.
