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 – customer relationship management is fast transforming because of increasing concerns over data privacy, digital marketing is dominated by two big players Facebook and Google, increasing transportation and logistics costs, wage bills are increasing, central banks are concerned over increasing inflation, increasing inequality as vast percentage of new income is going to the top 1%, geopolitical disruptions,
challanges to central banks by blockchain based private currencies, increasing household debt because of falling income levels, 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 -
Training and development
– Openjobmetis SpA Agenzia per il has one of the best training and development program in Services industry. The effectiveness of the training programs can be measured in – employees retention, in-house promotion, loyalty, new venture initiation, lack of conflict, and high level of both employees and customer engagement.
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.
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.
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.
Low bargaining power of suppliers
– Suppliers of Openjobmetis SpA Agenzia per il in the Services sector have low bargaining power. Openjobmetis SpA Agenzia per il has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Openjobmetis SpA Agenzia per il to manage not only supply disruptions but also source products at highly competitive prices.
Successful track record of launching new products
– Openjobmetis SpA Agenzia per il has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Openjobmetis SpA Agenzia per il 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.
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.
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.
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 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.
Diverse revenue streams
– Openjobmetis SpA Agenzia per il is present in almost all the verticals within the Business Services industry. This has provided Openjobmetis SpA Agenzia per il 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.
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.
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 -
No frontier risks strategy
– From the 10K / annual statement of Openjobmetis SpA Agenzia per il, it seems that company is thinking out the frontier risks that can impact Business Services industry. 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.
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.
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.
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.
Slow to strategic competitive environment developments
– As Openjobmetis SpA Agenzia per il is one of the leading players in the Business Services industry, it takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the Business Services industry in last five years.
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.
Increasing silos among functional specialists
– The organizational structure of Openjobmetis SpA Agenzia per il is dominated by functional specialists. It is not different from other players in the Business Services industry, but Openjobmetis SpA Agenzia per il needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Openjobmetis SpA Agenzia per il to focus more on services in the Business Services industry rather than just following the product oriented approach.
Low market penetration in new markets
– Outside its home market of Italy, Openjobmetis SpA Agenzia per il needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
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.
Compensation and incentives
– The revenue per employee of Openjobmetis SpA Agenzia per il is just above the Business Services industry average. It 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 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.
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 -
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.
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.
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.
Changes in consumer behavior post Covid-19
– consumer behavior has changed in the Business Services industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Openjobmetis SpA Agenzia per il 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. Openjobmetis SpA Agenzia per il 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Openjobmetis SpA Agenzia per il can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Openjobmetis SpA Agenzia per il 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, 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.
Learning at scale
– Online learning technologies has now opened space for Openjobmetis SpA Agenzia per il 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.
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.
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.
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 -
Easy access to finance
– Easy access to finance in Business Services industry will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Openjobmetis SpA Agenzia per il can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
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.
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 Openjobmetis SpA Agenzia per il.
Shortening product life cycle
– it is one of the major threat that Openjobmetis SpA Agenzia per il is facing in Business Services 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, 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 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.
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.
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 Openjobmetis SpA Agenzia per il in the Business Services sector and impact the bottomline of the organization.
Environmental challenges
– Openjobmetis SpA Agenzia per il 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. Openjobmetis SpA Agenzia per il can take advantage of this fund but it will also bring new competitors in the Business Services industry.
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.
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.
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.
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.
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.
