Kim Parallel Oilfield Overseas Res (168490) SWOT Analysis / TOWS Matrix / MBA Resources
Misc. Financial Services
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for Kim Parallel Oilfield Overseas Res (South Korea)
Based on various researches at Oak Spring University , Kim Parallel Oilfield Overseas Res is operating in a macro-environment that has been destablized by – customer relationship management is fast transforming because of increasing concerns over data privacy, increasing government debt because of Covid-19 spendings, banking and financial system is disrupted by Bitcoin and other crypto currencies, increasing commodity prices, increasing inequality as vast percentage of new income is going to the top 1%, supply chains are disrupted by pandemic , increasing energy prices,
competitive advantages are harder to sustain because of technology dispersion, there is backlash against globalization, etc
Introduction to SWOT Analysis of Kim Parallel Oilfield Overseas Res
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Kim Parallel Oilfield Overseas Res can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Kim Parallel Oilfield Overseas Res, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Kim Parallel Oilfield Overseas Res 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 Kim Parallel Oilfield Overseas Res can be done for the following purposes –
1. Strategic planning of Kim Parallel Oilfield Overseas Res
2. Improving business portfolio management of Kim Parallel Oilfield Overseas Res
3. Assessing feasibility of the new initiative in South Korea
4. Making a Misc. Financial Services sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of Kim Parallel Oilfield Overseas Res
Strengths of Kim Parallel Oilfield Overseas Res | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Kim Parallel Oilfield Overseas Res are -
Cross disciplinary teams
– Horizontal connected teams at the Kim Parallel Oilfield Overseas Res 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 Kim Parallel Oilfield Overseas Res comprises – understanding the underlying the factors in the Misc. Financial 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.
Ability to lead change in Misc. Financial Services
– Kim Parallel Oilfield Overseas Res is one of the leading players in the Misc. Financial Services industry in South Korea. Over the years it has not only transformed the business landscape in the Misc. Financial Services industry in South Korea but also across the existing markets. The ability to lead change has enabled Kim Parallel Oilfield Overseas Res in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Low bargaining power of suppliers
– Suppliers of Kim Parallel Oilfield Overseas Res in the Financial sector have low bargaining power. Kim Parallel Oilfield Overseas Res has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Kim Parallel Oilfield Overseas Res to manage not only supply disruptions but also source products at highly competitive prices.
Strong track record of project management in the Misc. Financial Services industry
– Kim Parallel Oilfield Overseas Res is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Analytics focus
– Kim Parallel Oilfield Overseas Res 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 Misc. Financial Services industry. The technology infrastructure of South Korea 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.
Effective Research and Development (R&D)
– Kim Parallel Oilfield Overseas Res has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Kim Parallel Oilfield Overseas Res staying ahead in the Misc. Financial Services industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Sustainable margins compare to other players in Misc. Financial Services industry
– Kim Parallel Oilfield Overseas Res has clearly differentiated products in the market place. This has enabled Kim Parallel Oilfield Overseas Res to fetch slight price premium compare to the competitors in the Misc. Financial Services industry. The sustainable margins have also helped Kim Parallel Oilfield Overseas Res to invest into research and development (R&D) and innovation.
Organizational Resilience of Kim Parallel Oilfield Overseas Res
– The covid-19 pandemic has put organizational resilience at the centre of everthing Kim Parallel Oilfield Overseas Res does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Innovation driven organization
– Kim Parallel Oilfield Overseas Res is one of the most innovative firm in Misc. Financial Services sector.
Superior customer experience
– The customer experience strategy of Kim Parallel Oilfield Overseas Res in Misc. Financial Services industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
High switching costs
– The high switching costs that Kim Parallel Oilfield Overseas Res 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 Kim Parallel Oilfield Overseas Res | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Kim Parallel Oilfield Overseas Res are -
Aligning sales with marketing
– From the outside it seems that Kim Parallel Oilfield Overseas Res needs to have more collaboration between its sales team and marketing team. Sales professionals in the Misc. Financial Services industry have deep experience in developing customer relationships. Marketing department at Kim Parallel Oilfield Overseas Res can leverage the sales team experience to cultivate customer relationships as Kim Parallel Oilfield Overseas Res is planning to shift buying processes online.
Ability to respond to the competition
– As the decision making is very deliberative at Kim Parallel Oilfield Overseas Res, in the dynamic environment of Misc. Financial Services industry it has struggled to respond to the nimble upstart competition. Kim Parallel Oilfield Overseas Res has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Kim Parallel Oilfield Overseas Res is slow explore the new channels of communication. These new channels of communication can help Kim Parallel Oilfield Overseas Res to provide better information regarding Misc. Financial Services products and services. It can also build an online community to further reach out to potential customers.
Employees’ less understanding of Kim Parallel Oilfield Overseas Res strategy
– From the outside it seems that the employees of Kim Parallel Oilfield Overseas Res 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.
Need for greater diversity
– Kim Parallel Oilfield Overseas Res 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.
Skills based hiring in Misc. Financial Services industry
– The stress on hiring functional specialists at Kim Parallel Oilfield Overseas Res 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 operating costs
– Compare to the competitors, Kim Parallel Oilfield Overseas Res has high operating costs in the Misc. Financial Services industry. This can be harder to sustain given the new emerging competition from nimble players who are using technology to attract Kim Parallel Oilfield Overseas Res lucrative customers.
Compensation and incentives
– The revenue per employee of Kim Parallel Oilfield Overseas Res is just above the Misc. Financial 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.
Interest costs
– Compare to the competition, Kim Parallel Oilfield Overseas Res has borrowed money from the capital market at higher rates. It needs to restructure the interest payment and costs so that it can compete better and improve profitability.
Products dominated business model
– Even though Kim Parallel Oilfield Overseas Res has some of the most successful models in the Misc. Financial Services industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. Kim Parallel Oilfield Overseas Res should strive to include more intangible value offerings along with its core products and services.
High dependence on Kim Parallel Oilfield Overseas Res ‘s star products
– The top 2 products and services of Kim Parallel Oilfield Overseas Res still accounts for major business revenue. This dependence on star products in Misc. Financial Services industry has resulted into insufficient focus on developing new products, even though Kim Parallel Oilfield Overseas Res has relatively successful track record of launching new products.
Kim Parallel Oilfield Overseas Res Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Kim Parallel Oilfield Overseas Res are -
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Misc. Financial Services industry, but it has also influenced the consumer preferences. Kim Parallel Oilfield Overseas Res 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
– Kim Parallel Oilfield Overseas Res 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, Kim Parallel Oilfield Overseas Res 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.
Loyalty marketing
– Kim Parallel Oilfield Overseas Res 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Kim Parallel Oilfield Overseas Res 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 Kim Parallel Oilfield Overseas Res to hire the very best people irrespective of their geographical location.
Better consumer reach
– The expansion of the 5G network will help Kim Parallel Oilfield Overseas Res to increase its market reach. Kim Parallel Oilfield Overseas Res 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.
Creating value in data economy
– The success of analytics program of Kim Parallel Oilfield Overseas Res has opened avenues for new revenue streams for the organization in Misc. Financial Services industry. This can help Kim Parallel Oilfield Overseas Res to build a more holistic ecosystem for Kim Parallel Oilfield Overseas Res products in the Misc. Financial Services industry by providing – data insight services, data privacy related products, data based consulting services, etc.
Using analytics as competitive advantage
– Kim Parallel Oilfield Overseas Res has spent a significant amount of money and effort to integrate analytics and machine learning into its operations in Misc. Financial Services sector. This continuous investment in analytics has enabled Kim Parallel Oilfield Overseas Res to build a competitive advantage using analytics. The analytics driven competitive advantage can help Kim Parallel Oilfield Overseas Res to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Buying journey improvements
– Kim Parallel Oilfield Overseas Res can improve the customer journey of consumers in the Misc. Financial 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Kim Parallel Oilfield Overseas Res can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Kim Parallel Oilfield Overseas Res is facing challenges because of the dominance of functional experts in the organization. Kim Parallel Oilfield Overseas Res can utilize new technology in the field of Misc. Financial Services industry to build more coordinated teams and streamline operations and communications using tools such as CAD, Zoom, etc.
Building a culture of innovation
– managers at Kim Parallel Oilfield Overseas Res 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 Misc. Financial Services industry.
Use of Bitcoin and other crypto currencies for transactions in Misc. Financial Services industry
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for Kim Parallel Oilfield Overseas Res in the Misc. Financial Services industry. Now Kim Parallel Oilfield Overseas Res can target international markets with far fewer capital restrictions requirements than the existing system.
Threats Kim Parallel Oilfield Overseas Res External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Kim Parallel Oilfield Overseas Res are -
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Kim Parallel Oilfield Overseas Res 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 Kim Parallel Oilfield Overseas Res prominent markets.
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. Kim Parallel Oilfield Overseas Res needs to understand the core reasons impacting the Misc. Financial Services industry. This will help it in building a better workplace.
Backlash against dominant players
– US Congress and other legislative arms of the government are getting tough on big business especially technology companies. The digital arm of Kim Parallel Oilfield Overseas Res business can come under increasing regulations regarding data privacy, data security, etc.
High dependence on third party suppliers
– Kim Parallel Oilfield Overseas Res 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.
Stagnating economy with rate increase
– Kim Parallel Oilfield Overseas Res 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 Misc. Financial Services industry.
Increasing wage structure of Kim Parallel Oilfield Overseas Res
– 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 Kim Parallel Oilfield Overseas Res.
Aging population
– As the populations of most advanced economies are aging, it will lead to high social security costs, higher savings among population, and lower demand for goods and services in the economy. The household savings in US, France, UK, Germany, and Japan are growing faster than predicted because of uncertainty caused by pandemic.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry to Misc. Financial Services industry are lowering. It can presents Kim Parallel Oilfield Overseas Res with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the Misc. Financial Services 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 Kim Parallel Oilfield Overseas Res.
Environmental challenges
– Kim Parallel Oilfield Overseas Res 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. Kim Parallel Oilfield Overseas Res can take advantage of this fund but it will also bring new competitors in the Misc. Financial Services industry.
Shortening product life cycle
– it is one of the major threat that Kim Parallel Oilfield Overseas Res is facing in Misc. Financial Services sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Consumer confidence and its impact on Kim Parallel Oilfield Overseas Res 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 Misc. Financial Services industry and other sectors.
Regulatory challenges
– Kim Parallel Oilfield Overseas Res 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 Misc. Financial Services industry regulations.
Weighted SWOT Analysis of Kim Parallel Oilfield Overseas Res Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Kim Parallel Oilfield Overseas Res 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 Kim Parallel Oilfield Overseas Res 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 Kim Parallel Oilfield Overseas Res 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 Kim Parallel Oilfield Overseas Res 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 Kim Parallel Oilfield Overseas Res needs to make to build a sustainable competitive advantage.
