Based on various researches at Oak Spring University , Gornictwo Naftowe Gazownictwo is operating in a macro-environment that has been destablized by – competitive advantages are harder to sustain because of technology dispersion, increasing energy prices, increasing transportation and logistics costs, geopolitical disruptions, technology disruption, wage bills are increasing, challanges to central banks by blockchain based private currencies,
there is backlash against globalization, central banks are concerned over increasing inflation, etc
Introduction to SWOT Analysis of Gornictwo Naftowe Gazownictwo
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Gornictwo Naftowe Gazownictwo can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Gornictwo Naftowe Gazownictwo, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Gornictwo Naftowe Gazownictwo 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 Gornictwo Naftowe Gazownictwo can be done for the following purposes –
1. Strategic planning of Gornictwo Naftowe Gazownictwo
2. Improving business portfolio management of Gornictwo Naftowe Gazownictwo
3. Assessing feasibility of the new initiative in United Kingdom
4. Making a Natural Gas Utilities sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of Gornictwo Naftowe Gazownictwo
Strengths of Gornictwo Naftowe Gazownictwo | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Gornictwo Naftowe Gazownictwo are -
Operational resilience
– The operational resilience strategy of Gornictwo Naftowe Gazownictwo comprises – understanding the underlying the factors in the Natural Gas Utilities 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
– Gornictwo Naftowe Gazownictwo has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Gornictwo Naftowe Gazownictwo 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.
Superior customer experience
– The customer experience strategy of Gornictwo Naftowe Gazownictwo in Natural Gas Utilities industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Ability to recruit top talent
– Gornictwo Naftowe Gazownictwo is one of the leading players in the Natural Gas Utilities industry in United Kingdom. It is in a position to attract the best talent available in United Kingdom. The firm has a robust talent identification program that helps in identifying the brightest.
Ability to lead change in Natural Gas Utilities
– Gornictwo Naftowe Gazownictwo is one of the leading players in the Natural Gas Utilities industry in United Kingdom. Over the years it has not only transformed the business landscape in the Natural Gas Utilities industry in United Kingdom but also across the existing markets. The ability to lead change has enabled Gornictwo Naftowe Gazownictwo in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Learning organization
- Gornictwo Naftowe Gazownictwo 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 Gornictwo Naftowe Gazownictwo is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders at Gornictwo Naftowe Gazownictwo emphasize – knowledge, initiative, and innovation.
Effective Research and Development (R&D)
– Gornictwo Naftowe Gazownictwo has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Gornictwo Naftowe Gazownictwo staying ahead in the Natural Gas Utilities industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Strong track record of project management in the Natural Gas Utilities industry
– Gornictwo Naftowe Gazownictwo is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Highly skilled collaborators
– Gornictwo Naftowe Gazownictwo has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive Natural Gas Utilities industry. Secondly the value chain collaborators of Gornictwo Naftowe Gazownictwo have helped the firm to develop new products and bring them quickly to the marketplace.
Cross disciplinary teams
– Horizontal connected teams at the Gornictwo Naftowe Gazownictwo 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 Natural Gas Utilities industry
– Gornictwo Naftowe Gazownictwo has clearly differentiated products in the market place. This has enabled Gornictwo Naftowe Gazownictwo to fetch slight price premium compare to the competitors in the Natural Gas Utilities industry. The sustainable margins have also helped Gornictwo Naftowe Gazownictwo to invest into research and development (R&D) and innovation.
High switching costs
– The high switching costs that Gornictwo Naftowe Gazownictwo 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.
Weaknesses of Gornictwo Naftowe Gazownictwo | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Gornictwo Naftowe Gazownictwo are -
Increasing silos among functional specialists
– The organizational structure of Gornictwo Naftowe Gazownictwo is dominated by functional specialists. It is not different from other players in the Natural Gas Utilities industry, but Gornictwo Naftowe Gazownictwo needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Gornictwo Naftowe Gazownictwo to focus more on services in the Natural Gas Utilities industry rather than just following the product oriented approach.
Slow to strategic competitive environment developments
– As Gornictwo Naftowe Gazownictwo is one of the leading players in the Natural Gas Utilities industry, it takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the Natural Gas Utilities industry in last five years.
Aligning sales with marketing
– From the outside it seems that Gornictwo Naftowe Gazownictwo needs to have more collaboration between its sales team and marketing team. Sales professionals in the Natural Gas Utilities industry have deep experience in developing customer relationships. Marketing department at Gornictwo Naftowe Gazownictwo can leverage the sales team experience to cultivate customer relationships as Gornictwo Naftowe Gazownictwo is planning to shift buying processes online.
Low market penetration in new markets
– Outside its home market of United Kingdom, Gornictwo Naftowe Gazownictwo needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Employees’ less understanding of Gornictwo Naftowe Gazownictwo strategy
– From the outside it seems that the employees of Gornictwo Naftowe Gazownictwo 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.
Interest costs
– Compare to the competition, Gornictwo Naftowe Gazownictwo has borrowed money from the capital market at higher rates. It needs to restructure the interest payment and costs so that it can compete better and improve profitability.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Gornictwo Naftowe Gazownictwo is slow explore the new channels of communication. These new channels of communication can help Gornictwo Naftowe Gazownictwo to provide better information regarding Natural Gas Utilities products and services. It can also build an online community to further reach out to potential customers.
Workers concerns about automation
– As automation is fast increasing in the Natural Gas Utilities industry, Gornictwo Naftowe Gazownictwo needs to come up with a strategy to reduce the workers concern regarding automation. Without a clear strategy, it could lead to disruption and uncertainty within the organization.
Skills based hiring in Natural Gas Utilities industry
– The stress on hiring functional specialists at Gornictwo Naftowe Gazownictwo 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.
Lack of clear differentiation of Gornictwo Naftowe Gazownictwo products
– To increase the profitability and margins on the products, Gornictwo Naftowe Gazownictwo needs to provide more differentiated products than what it is currently offering in the marketplace.
Capital Spending Reduction
– Even during the low interest decade, Gornictwo Naftowe Gazownictwo 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 Natural Gas Utilities industry using digital technology.
Gornictwo Naftowe Gazownictwo Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Gornictwo Naftowe Gazownictwo are -
Creating value in data economy
– The success of analytics program of Gornictwo Naftowe Gazownictwo has opened avenues for new revenue streams for the organization in Natural Gas Utilities industry. This can help Gornictwo Naftowe Gazownictwo to build a more holistic ecosystem for Gornictwo Naftowe Gazownictwo products in the Natural Gas Utilities industry by providing – data insight services, data privacy related products, data based consulting services, etc.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Gornictwo Naftowe Gazownictwo 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 Gornictwo Naftowe Gazownictwo to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Loyalty marketing
– Gornictwo Naftowe Gazownictwo 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.
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 Gornictwo Naftowe Gazownictwo 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.
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. Gornictwo Naftowe Gazownictwo can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Use of Bitcoin and other crypto currencies for transactions in Natural Gas Utilities industry
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for Gornictwo Naftowe Gazownictwo in the Natural Gas Utilities industry. Now Gornictwo Naftowe Gazownictwo can target international markets with far fewer capital restrictions requirements than the existing system.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Natural Gas Utilities industry, but it has also influenced the consumer preferences. Gornictwo Naftowe Gazownictwo can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Leveraging digital technologies
– Gornictwo Naftowe Gazownictwo 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.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Gornictwo Naftowe Gazownictwo is facing challenges because of the dominance of functional experts in the organization. Gornictwo Naftowe Gazownictwo can utilize new technology in the field of Natural Gas Utilities industry to build more coordinated teams and streamline operations and communications using tools such as CAD, Zoom, etc.
Learning at scale
– Online learning technologies has now opened space for Gornictwo Naftowe Gazownictwo 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Gornictwo Naftowe Gazownictwo 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.
Using analytics as competitive advantage
– Gornictwo Naftowe Gazownictwo has spent a significant amount of money and effort to integrate analytics and machine learning into its operations in Natural Gas Utilities sector. This continuous investment in analytics has enabled Gornictwo Naftowe Gazownictwo to build a competitive advantage using analytics. The analytics driven competitive advantage can help Gornictwo Naftowe Gazownictwo to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Building a culture of innovation
– managers at Gornictwo Naftowe Gazownictwo 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 Natural Gas Utilities industry.
Threats Gornictwo Naftowe Gazownictwo External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Gornictwo Naftowe Gazownictwo are -
Technology acceleration in Forth Industrial Revolution
– Gornictwo Naftowe Gazownictwo has witnessed rapid integration of technology during Covid-19 in the Natural Gas Utilities industry. As one of the leading players in the industry, Gornictwo Naftowe Gazownictwo needs to keep up with the evolution of technology in the Natural Gas Utilities 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.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Gornictwo Naftowe Gazownictwo in Natural Gas Utilities industry. The Natural Gas Utilities 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.
Shortening product life cycle
– it is one of the major threat that Gornictwo Naftowe Gazownictwo is facing in Natural Gas Utilities 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, Gornictwo Naftowe Gazownictwo may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Natural Gas Utilities sector.
Increasing wage structure of Gornictwo Naftowe Gazownictwo
– 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 Gornictwo Naftowe Gazownictwo.
Consumer confidence and its impact on Gornictwo Naftowe Gazownictwo 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 Natural Gas Utilities industry and other sectors.
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. Gornictwo Naftowe Gazownictwo 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.
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.
Stagnating economy with rate increase
– Gornictwo Naftowe Gazownictwo 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 Natural Gas Utilities industry.
Regulatory challenges
– Gornictwo Naftowe Gazownictwo 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 Natural Gas Utilities industry regulations.
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 Gornictwo Naftowe Gazownictwo business can come under increasing regulations regarding data privacy, data security, etc.
High dependence on third party suppliers
– Gornictwo Naftowe Gazownictwo 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.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry to Natural Gas Utilities industry are lowering. It can presents Gornictwo Naftowe Gazownictwo with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the Natural Gas Utilities sector.
Weighted SWOT Analysis of Gornictwo Naftowe Gazownictwo Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Gornictwo Naftowe Gazownictwo 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 Gornictwo Naftowe Gazownictwo 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 Gornictwo Naftowe Gazownictwo 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 Gornictwo Naftowe Gazownictwo 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 Gornictwo Naftowe Gazownictwo needs to make to build a sustainable competitive advantage.