FPC Par Corretora De Seguros (WIZS3) SWOT Analysis / TOWS Matrix / MBA Resources

Introduction to SWOT Analysis

SWOT Analysis / TOWS Matrix for FPC Par Corretora De Seguros (Brazil)

Based on various researches at Oak Spring University , FPC Par Corretora De Seguros is operating in a macro-environment that has been destablized by – increasing transportation and logistics costs, central banks are concerned over increasing inflation, technology disruption, geopolitical disruptions, banking and financial system is disrupted by Bitcoin and other crypto currencies, digital marketing is dominated by two big players Facebook and Google, there is backlash against globalization, increasing government debt because of Covid-19 spendings, cloud computing is disrupting traditional business models, etc

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Introduction to SWOT Analysis of FPC Par Corretora De Seguros

SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that FPC Par Corretora De Seguros can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the FPC Par Corretora De Seguros, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which FPC Par Corretora De Seguros 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.

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SWOT Objectives / Importance of SWOT Analysis and SWOT Matrix

SWOT analysis of FPC Par Corretora De Seguros can be done for the following purposes –
1. Strategic planning of FPC Par Corretora De Seguros
2. Improving business portfolio management of FPC Par Corretora De Seguros
3. Assessing feasibility of the new initiative in Brazil
4. Making a Insurance (Miscellaneous) sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of FPC Par Corretora De Seguros

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Strengths of FPC Par Corretora De Seguros | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis

The strengths of FPC Par Corretora De Seguros are -

Digital Transformation in Insurance (Miscellaneous) industry

- digital transformation varies from industry to industry. For FPC Par Corretora De Seguros digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. FPC Par Corretora De Seguros 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.

Effective Research and Development (R&D)

– FPC Par Corretora De Seguros has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – FPC Par Corretora De Seguros staying ahead in the Insurance (Miscellaneous) industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.

Organizational Resilience of FPC Par Corretora De Seguros

– The covid-19 pandemic has put organizational resilience at the centre of everthing FPC Par Corretora De Seguros does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.

Successful track record of launching new products

– FPC Par Corretora De Seguros has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. FPC Par Corretora De Seguros 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.

Ability to lead change in Insurance (Miscellaneous)

– FPC Par Corretora De Seguros is one of the leading players in the Insurance (Miscellaneous) industry in Brazil. Over the years it has not only transformed the business landscape in the Insurance (Miscellaneous) industry in Brazil but also across the existing markets. The ability to lead change has enabled FPC Par Corretora De Seguros in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.

Highly skilled collaborators

– FPC Par Corretora De Seguros has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive Insurance (Miscellaneous) industry. Secondly the value chain collaborators of FPC Par Corretora De Seguros have helped the firm to develop new products and bring them quickly to the marketplace.

Strong track record of project management in the Insurance (Miscellaneous) industry

– FPC Par Corretora De Seguros is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.

Sustainable margins compare to other players in Insurance (Miscellaneous) industry

– FPC Par Corretora De Seguros has clearly differentiated products in the market place. This has enabled FPC Par Corretora De Seguros to fetch slight price premium compare to the competitors in the Insurance (Miscellaneous) industry. The sustainable margins have also helped FPC Par Corretora De Seguros to invest into research and development (R&D) and innovation.

Innovation driven organization

– FPC Par Corretora De Seguros is one of the most innovative firm in Insurance (Miscellaneous) sector.

Superior customer experience

– The customer experience strategy of FPC Par Corretora De Seguros in Insurance (Miscellaneous) industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.

Low bargaining power of suppliers

– Suppliers of FPC Par Corretora De Seguros in the Financial sector have low bargaining power. FPC Par Corretora De Seguros has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps FPC Par Corretora De Seguros to manage not only supply disruptions but also source products at highly competitive prices.

High brand equity

– FPC Par Corretora De Seguros has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled FPC Par Corretora De Seguros to keep acquiring new customers and building profitable relationship with both the new and loyal customers.

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Weaknesses of FPC Par Corretora De Seguros | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis

The weaknesses of FPC Par Corretora De Seguros are -

Workers concerns about automation

– As automation is fast increasing in the Insurance (Miscellaneous) industry, FPC Par Corretora De Seguros 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 Insurance (Miscellaneous) industry

– The stress on hiring functional specialists at FPC Par Corretora De Seguros 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.

High cash cycle compare to competitors

FPC Par Corretora De Seguros has a high cash cycle compare to other players in the Insurance (Miscellaneous) industry. It needs to shorten the cash cycle by 12% to be more competitive in the marketplace, reduce inventory costs, and be more profitable.

Compensation and incentives

– The revenue per employee of FPC Par Corretora De Seguros is just above the Insurance (Miscellaneous) 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.

Aligning sales with marketing

– From the outside it seems that FPC Par Corretora De Seguros needs to have more collaboration between its sales team and marketing team. Sales professionals in the Insurance (Miscellaneous) industry have deep experience in developing customer relationships. Marketing department at FPC Par Corretora De Seguros can leverage the sales team experience to cultivate customer relationships as FPC Par Corretora De Seguros is planning to shift buying processes online.

Capital Spending Reduction

– Even during the low interest decade, FPC Par Corretora De Seguros 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 Insurance (Miscellaneous) industry using digital technology.

Employees’ less understanding of FPC Par Corretora De Seguros strategy

– From the outside it seems that the employees of FPC Par Corretora De Seguros 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.

High operating costs

– Compare to the competitors, FPC Par Corretora De Seguros has high operating costs in the Insurance (Miscellaneous) industry. This can be harder to sustain given the new emerging competition from nimble players who are using technology to attract FPC Par Corretora De Seguros lucrative customers.

Low market penetration in new markets

– Outside its home market of Brazil, FPC Par Corretora De Seguros needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.

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 FPC Par Corretora De Seguros supply chain. Even after few cautionary changes, FPC Par Corretora De Seguros is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left FPC Par Corretora De Seguros vulnerable to further global disruptions in South East Asia.

Slow to strategic competitive environment developments

– As FPC Par Corretora De Seguros is one of the leading players in the Insurance (Miscellaneous) industry, it takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the Insurance (Miscellaneous) industry in last five years.

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FPC Par Corretora De Seguros Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis

The opportunities of FPC Par Corretora De Seguros are -

Leveraging digital technologies

– FPC Par Corretora De Seguros 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.

Loyalty marketing

– FPC Par Corretora De Seguros 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.

Lowering marketing communication costs

– 5G expansion will open new opportunities for FPC Par Corretora De Seguros in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Insurance (Miscellaneous) industry, and it will provide faster access to the consumers.

Using analytics as competitive advantage

– FPC Par Corretora De Seguros has spent a significant amount of money and effort to integrate analytics and machine learning into its operations in Insurance (Miscellaneous) sector. This continuous investment in analytics has enabled FPC Par Corretora De Seguros to build a competitive advantage using analytics. The analytics driven competitive advantage can help FPC Par Corretora De Seguros 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 FPC Par Corretora De Seguros 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 Insurance (Miscellaneous) industry.

Creating value in data economy

– The success of analytics program of FPC Par Corretora De Seguros has opened avenues for new revenue streams for the organization in Insurance (Miscellaneous) industry. This can help FPC Par Corretora De Seguros to build a more holistic ecosystem for FPC Par Corretora De Seguros products in the Insurance (Miscellaneous) industry by providing – data insight services, data privacy related products, data based consulting services, 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 FPC Par Corretora De Seguros 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.

Use of Bitcoin and other crypto currencies for transactions in Insurance (Miscellaneous) industry

– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for FPC Par Corretora De Seguros in the Insurance (Miscellaneous) industry. Now FPC Par Corretora De Seguros 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 Insurance (Miscellaneous) industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. FPC Par Corretora De Seguros 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. FPC Par Corretora De Seguros 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.

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. FPC Par Corretora De Seguros can explore opportunities that can attract volunteers and are consistent with its mission and vision.

Reforming the budgeting process

- By establishing new metrics that will be used to evaluate both existing and potential projects FPC Par Corretora De Seguros can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.

Manufacturing automation

– FPC Par Corretora De Seguros can use the latest technology developments to improve its manufacturing and designing process in Insurance (Miscellaneous) 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.

Increase in government spending

– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, FPC Par Corretora De Seguros can use these opportunities to build new business models that can help the communities that FPC Par Corretora De Seguros operates in. Secondly it can use opportunities from government spending in Insurance (Miscellaneous) sector.

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Threats FPC Par Corretora De Seguros External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis

The threats of FPC Par Corretora De Seguros are -

High dependence on third party suppliers

– FPC Par Corretora De Seguros high dependence on third party suppliers can disrupt its processes and delivery mechanism. For example -the current troubles of car makers because of chip shortage is because the chip companies started producing chips for electronic companies rather than car manufacturers.

New competition

– After the dotcom bust of 2001, financial crisis of 2008-09, the business formation in US economy had declined. But in 2020 alone, there are more than 1.5 million new business applications in United States. This can lead to greater competition for FPC Par Corretora De Seguros in the Insurance (Miscellaneous) sector and impact the bottomline of the organization.

Consumer confidence and its impact on FPC Par Corretora De Seguros 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 Insurance (Miscellaneous) industry and other sectors.

Stagnating economy with rate increase

– FPC Par Corretora De Seguros 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 Insurance (Miscellaneous) industry.

Regulatory challenges

– FPC Par Corretora De Seguros 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 Insurance (Miscellaneous) industry regulations.

Technology acceleration in Forth Industrial Revolution

– FPC Par Corretora De Seguros has witnessed rapid integration of technology during Covid-19 in the Insurance (Miscellaneous) industry. As one of the leading players in the industry, FPC Par Corretora De Seguros needs to keep up with the evolution of technology in the Insurance (Miscellaneous) 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.

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 FPC Par Corretora De Seguros business can come under increasing regulations regarding data privacy, data security, etc.

Shortening product life cycle

– it is one of the major threat that FPC Par Corretora De Seguros is facing in Insurance (Miscellaneous) sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.

Increasing international competition and downward pressure on margins

– Apart from technology driven competitive advantage dilution, FPC Par Corretora De Seguros 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 FPC Par Corretora De Seguros prominent markets.

Environmental challenges

– FPC Par Corretora De Seguros 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. FPC Par Corretora De Seguros can take advantage of this fund but it will also bring new competitors in the Insurance (Miscellaneous) industry.

Trade war between China and United States

– The trade war between two of the biggest economies can hugely impact the opportunities for FPC Par Corretora De Seguros in Insurance (Miscellaneous) industry. The Insurance (Miscellaneous) 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.

Learning curve for new practices

– As the technology based on artificial intelligence and machine learning platform is getting complex, FPC Par Corretora De Seguros may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Insurance (Miscellaneous) sector.

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 FPC Par Corretora De Seguros.

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Weighted SWOT Analysis of FPC Par Corretora De Seguros Template, Example

Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at FPC Par Corretora De Seguros 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 FPC Par Corretora De Seguros 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 FPC Par Corretora De Seguros 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 FPC Par Corretora De Seguros 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 FPC Par Corretora De Seguros needs to make to build a sustainable competitive advantage.

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