Openjobmetis SpA Agenzia per il (OJM) SWOT Analysis / TOWS Matrix / MBA Resources
Business Services
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for Openjobmetis SpA Agenzia per il (Italy)
Based on various researches at Oak Spring University , Openjobmetis SpA Agenzia per il is operating in a macro-environment that has been destablized by – increasing energy prices, wage bills are increasing, increasing transportation and logistics costs, challanges to central banks by blockchain based private currencies, customer relationship management is fast transforming because of increasing concerns over data privacy, increasing commodity prices, cloud computing is disrupting traditional business models,
supply chains are disrupted by pandemic , digital marketing is dominated by two big players Facebook and Google, etc
Introduction to SWOT Analysis of Openjobmetis SpA Agenzia per il
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Openjobmetis SpA Agenzia per il can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Openjobmetis SpA Agenzia per il, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il can be done for the following purposes –
1. Strategic planning of Openjobmetis SpA Agenzia per il
2. Improving business portfolio management of Openjobmetis SpA Agenzia per il
3. Assessing feasibility of the new initiative in Italy
4. Making a Business Services sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of Openjobmetis SpA Agenzia per il
Strengths of Openjobmetis SpA Agenzia per il | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Openjobmetis SpA Agenzia per il are -
Ability to lead change in Business Services
– Openjobmetis SpA Agenzia per il is one of the leading players in the Business Services industry in Italy. Over the years it has not only transformed the business landscape in the Business Services industry in Italy but also across the existing markets. The ability to lead change has enabled Openjobmetis SpA Agenzia per il in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Analytics focus
– Openjobmetis SpA Agenzia per il 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 Business Services industry. The technology infrastructure of Italy is also helping it to harness the power of analytics for – marketing optimization, demand forecasting, customer relationship management, inventory management, information sharing across the value chain etc.
Strong track record of project management in the Business Services industry
– Openjobmetis SpA Agenzia per il 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 switching costs
– The high switching costs that Openjobmetis SpA Agenzia per il 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.
Organizational Resilience of Openjobmetis SpA Agenzia per il
– The covid-19 pandemic has put organizational resilience at the centre of everthing Openjobmetis SpA Agenzia per il does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
High brand equity
– Openjobmetis SpA Agenzia per il has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Openjobmetis SpA Agenzia per il to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Learning organization
- Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders at Openjobmetis SpA Agenzia per il emphasize – knowledge, initiative, and innovation.
Operational resilience
– The operational resilience strategy of Openjobmetis SpA Agenzia per il comprises – understanding the underlying the factors in the Business Services 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.
Sustainable margins compare to other players in Business Services industry
– Openjobmetis SpA Agenzia per il has clearly differentiated products in the market place. This has enabled Openjobmetis SpA Agenzia per il to fetch slight price premium compare to the competitors in the Business Services industry. The sustainable margins have also helped Openjobmetis SpA Agenzia per il to invest into research and development (R&D) and innovation.
Effective Research and Development (R&D)
– Openjobmetis SpA Agenzia per il has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Openjobmetis SpA Agenzia per il staying ahead in the Business Services industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Cross disciplinary teams
– Horizontal connected teams at the Openjobmetis SpA Agenzia per il are driving operational speed, building greater agility, and keeping the organization nimble to compete with new competitors. It helps are organization to ideate new ideas, and execute them swiftly in the marketplace.
Superior customer experience
– The customer experience strategy of Openjobmetis SpA Agenzia per il in Business Services industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Weaknesses of Openjobmetis SpA Agenzia per il | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Openjobmetis SpA Agenzia per il are -
Employees’ less understanding of Openjobmetis SpA Agenzia per il strategy
– From the outside it seems that the employees of Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il products
– To increase the profitability and margins on the products, Openjobmetis SpA Agenzia per il needs to provide more differentiated products than what it is currently offering in the marketplace.
Aligning sales with marketing
– From the outside it seems that Openjobmetis SpA Agenzia per il needs to have more collaboration between its sales team and marketing team. Sales professionals in the Business Services industry have deep experience in developing customer relationships. Marketing department at Openjobmetis SpA Agenzia per il can leverage the sales team experience to cultivate customer relationships as Openjobmetis SpA Agenzia per il is planning to shift buying processes online.
High cash cycle compare to competitors
Openjobmetis SpA Agenzia per il has a high cash cycle compare to other players in the Business Services industry. It needs to shorten the cash cycle by 12% to be more competitive in the marketplace, reduce inventory costs, and be more profitable.
Need for greater diversity
– Openjobmetis SpA Agenzia per il 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.
Capital Spending Reduction
– Even during the low interest decade, Openjobmetis SpA Agenzia per il 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 Business Services industry using digital technology.
Skills based hiring in Business Services industry
– The stress on hiring functional specialists at Openjobmetis SpA Agenzia per il 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.
Ability to respond to the competition
– As the decision making is very deliberative at Openjobmetis SpA Agenzia per il, in the dynamic environment of Business Services industry it has struggled to respond to the nimble upstart competition. Openjobmetis SpA Agenzia per il has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
High dependence on Openjobmetis SpA Agenzia per il ‘s star products
– The top 2 products and services of Openjobmetis SpA Agenzia per il still accounts for major business revenue. This dependence on star products in Business Services industry has resulted into insufficient focus on developing new products, even though Openjobmetis SpA Agenzia per il has relatively successful track record of launching new products.
Interest costs
– Compare to the competition, Openjobmetis SpA Agenzia per il 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.
Products dominated business model
– Even though Openjobmetis SpA Agenzia per il has some of the most successful models in the Business Services industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. Openjobmetis SpA Agenzia per il should strive to include more intangible value offerings along with its core products and services.
Openjobmetis SpA Agenzia per il Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Openjobmetis SpA Agenzia per il are -
Using analytics as competitive advantage
– Openjobmetis SpA Agenzia per il has spent a significant amount of money and effort to integrate analytics and machine learning into its operations in Business Services sector. This continuous investment in analytics has enabled Openjobmetis SpA Agenzia per il to build a competitive advantage using analytics. The analytics driven competitive advantage can help Openjobmetis SpA Agenzia per il to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Openjobmetis SpA Agenzia per il can use these opportunities to build new business models that can help the communities that Openjobmetis SpA Agenzia per il operates in. Secondly it can use opportunities from government spending in Business Services sector.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Manufacturing automation
– Openjobmetis SpA Agenzia per il can use the latest technology developments to improve its manufacturing and designing process in Business Services sector. 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.
Developing new processes and practices
– Openjobmetis SpA Agenzia per il can develop new processes and procedures in Business Services 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.
Creating value in data economy
– The success of analytics program of Openjobmetis SpA Agenzia per il has opened avenues for new revenue streams for the organization in Business Services industry. This can help Openjobmetis SpA Agenzia per il to build a more holistic ecosystem for Openjobmetis SpA Agenzia per il products in the Business Services industry by providing – data insight services, data privacy related products, data based consulting services, etc.
Use of Bitcoin and other crypto currencies for transactions in Business Services industry
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for Openjobmetis SpA Agenzia per il in the Business Services industry. Now Openjobmetis SpA Agenzia per il can target international markets with far fewer capital restrictions requirements than the existing system.
Leveraging digital technologies
– Openjobmetis SpA Agenzia per il 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.
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. Openjobmetis SpA Agenzia per il can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Business Services industry, but it has also influenced the consumer preferences. Openjobmetis SpA Agenzia per il can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il to hire the very best people irrespective of their geographical location.
Loyalty marketing
– Openjobmetis SpA Agenzia per il 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.
Better consumer reach
– The expansion of the 5G network will help Openjobmetis SpA Agenzia per il to increase its market reach. Openjobmetis SpA Agenzia per il 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.
Threats Openjobmetis SpA Agenzia per il External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Openjobmetis SpA Agenzia per il are -
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.
Technology acceleration in Forth Industrial Revolution
– Openjobmetis SpA Agenzia per il has witnessed rapid integration of technology during Covid-19 in the Business Services industry. As one of the leading players in the industry, Openjobmetis SpA Agenzia per il needs to keep up with the evolution of technology in the Business Services 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.
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. Openjobmetis SpA Agenzia per il will face different problems in different parts of Europe. For example it will face inflationary pressures in UK, France, and Germany, balance sheet expansion and demand challenges in Southern European countries, and geopolitical instability in the Eastern Europe.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, Openjobmetis SpA Agenzia per il may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Business Services sector.
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. Openjobmetis SpA Agenzia per il needs to understand the core reasons impacting the Business Services industry. This will help it in building a better workplace.
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 Openjobmetis SpA Agenzia per il business can come under increasing regulations regarding data privacy, data security, etc.
Regulatory challenges
– Openjobmetis SpA Agenzia per il 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 Business Services industry regulations.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il prominent markets.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry to Business Services industry are lowering. It can presents Openjobmetis SpA Agenzia per il with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the Business Services sector.
Stagnating economy with rate increase
– Openjobmetis SpA Agenzia per il 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 Business Services industry.
Increasing wage structure of Openjobmetis SpA Agenzia per il
– 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 Openjobmetis SpA Agenzia per il.
High dependence on third party suppliers
– Openjobmetis SpA Agenzia per il 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.
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.
Weighted SWOT Analysis of Openjobmetis SpA Agenzia per il Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il 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 Openjobmetis SpA Agenzia per il needs to make to build a sustainable competitive advantage.