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 – talent flight as more people leaving formal jobs, cloud computing is disrupting traditional business models, there is backlash against globalization, central banks are concerned over increasing inflation, geopolitical disruptions, increasing energy prices, increasing commodity prices,
increasing transportation and logistics costs, competitive advantages are harder to sustain because of technology dispersion, 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 -
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.
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.
Highly skilled collaborators
– Openjobmetis SpA Agenzia per il has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive Business Services industry. Secondly the value chain collaborators of Openjobmetis SpA Agenzia per il have helped the firm to develop new products and bring them quickly to the marketplace.
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.
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.
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.
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.
Digital Transformation in Business Services industry
- digital transformation varies from industry to industry. For Openjobmetis SpA Agenzia per il digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Openjobmetis SpA Agenzia per il 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.
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.
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.
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 -
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.
High operating costs
– Compare to the competitors, Openjobmetis SpA Agenzia per il has high operating costs in the Business Services industry. This can be harder to sustain given the new emerging competition from nimble players who are using technology to attract Openjobmetis SpA Agenzia per il lucrative customers.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Openjobmetis SpA Agenzia per il is slow explore the new channels of communication. These new channels of communication can help Openjobmetis SpA Agenzia per il to provide better information regarding Business Services products and services. It can also build an online community to further reach out to potential customers.
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 Openjobmetis SpA Agenzia per il supply chain. Even after few cautionary changes, Openjobmetis SpA Agenzia per il is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Openjobmetis SpA Agenzia per il vulnerable to further global disruptions in South East Asia.
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.
Slow decision making process
– As mentioned earlier in the report, Openjobmetis SpA Agenzia per il has a very deliberative decision making approach. This approach has resulted in prudent decisions, but it has also resulted in missing opportunities in the Business Services industry over the last five years. Openjobmetis SpA Agenzia per il even though has strong showing on digital transformation primary two stages, it has struggled to capitalize the power of digital transformation in marketing efforts and new venture efforts.
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.
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.
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.
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.
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.
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 -
Buying journey improvements
– Openjobmetis SpA Agenzia per il can improve the customer journey of consumers in the Business Services industry by using analytics and artificial intelligence. It 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.
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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Openjobmetis SpA Agenzia per il in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Business Services industry, and it will provide faster access to the consumers.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Openjobmetis SpA Agenzia per il is facing challenges because of the dominance of functional experts in the organization. Openjobmetis SpA Agenzia per il can utilize new technology in the field of Business Services industry to build more coordinated teams and streamline operations and communications using tools such as CAD, Zoom, 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.
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.
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.
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.
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.
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.
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.
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.
Building a culture of innovation
– managers at Openjobmetis SpA Agenzia per il 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 Business Services industry.
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 -
Consumer confidence and its impact on Openjobmetis SpA Agenzia per il 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 Business Services industry and other sectors.
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.
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.
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.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Openjobmetis SpA Agenzia per il in Business Services industry. The Business Services 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.
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.
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.
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.
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.
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.
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.
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.
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.