Miraeassetmaps Asia Pacific RE Inv (94800) SWOT Analysis / TOWS Matrix / MBA Resources
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for Miraeassetmaps Asia Pacific RE Inv (South Korea)
Based on various researches at Oak Spring University , Miraeassetmaps Asia Pacific RE Inv is operating in a macro-environment that has been destablized by – talent flight as more people leaving formal jobs, increasing household debt because of falling income levels, supply chains are disrupted by pandemic , cloud computing is disrupting traditional business models, technology disruption, geopolitical disruptions, challanges to central banks by blockchain based private currencies,
wage bills are increasing, increasing inequality as vast percentage of new income is going to the top 1%, etc
Introduction to SWOT Analysis of Miraeassetmaps Asia Pacific RE Inv
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Miraeassetmaps Asia Pacific RE Inv can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Miraeassetmaps Asia Pacific RE Inv, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Miraeassetmaps Asia Pacific RE Inv 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 Miraeassetmaps Asia Pacific RE Inv can be done for the following purposes –
1. Strategic planning of Miraeassetmaps Asia Pacific RE Inv
2. Improving business portfolio management of Miraeassetmaps Asia Pacific RE Inv
3. Assessing feasibility of the new initiative in South Korea
4. Making a sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of Miraeassetmaps Asia Pacific RE Inv
Strengths of Miraeassetmaps Asia Pacific RE Inv | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Miraeassetmaps Asia Pacific RE Inv are -
Sustainable margins compare to other players in industry
– Miraeassetmaps Asia Pacific RE Inv has clearly differentiated products in the market place. This has enabled Miraeassetmaps Asia Pacific RE Inv to fetch slight price premium compare to the competitors in the industry. The sustainable margins have also helped Miraeassetmaps Asia Pacific RE Inv to invest into research and development (R&D) and innovation.
Innovation driven organization
– Miraeassetmaps Asia Pacific RE Inv is one of the most innovative firm in sector.
Diverse revenue streams
– Miraeassetmaps Asia Pacific RE Inv is present in almost all the verticals within the industry. This has provided Miraeassetmaps Asia Pacific RE Inv a diverse revenue stream that has helped it to survive disruptions such as global pandemic in Covid-19, financial disruption of 2008, and supply chain disruption of 2021.
Operational resilience
– The operational resilience strategy of Miraeassetmaps Asia Pacific RE Inv comprises – understanding the underlying the factors in the 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.
Digital Transformation in industry
- digital transformation varies from industry to industry. For Miraeassetmaps Asia Pacific RE Inv digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Miraeassetmaps Asia Pacific RE Inv 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.
Analytics focus
– Miraeassetmaps Asia Pacific RE Inv 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 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)
– Miraeassetmaps Asia Pacific RE Inv has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Miraeassetmaps Asia Pacific RE Inv staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Ability to recruit top talent
– Miraeassetmaps Asia Pacific RE Inv is one of the leading players in the industry in South Korea. It is in a position to attract the best talent available in South Korea. The firm has a robust talent identification program that helps in identifying the brightest.
High brand equity
– Miraeassetmaps Asia Pacific RE Inv has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Miraeassetmaps Asia Pacific RE Inv to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Organizational Resilience of Miraeassetmaps Asia Pacific RE Inv
– The covid-19 pandemic has put organizational resilience at the centre of everthing Miraeassetmaps Asia Pacific RE Inv does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Learning organization
- Miraeassetmaps Asia Pacific RE Inv 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 Miraeassetmaps Asia Pacific RE Inv is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders at Miraeassetmaps Asia Pacific RE Inv emphasize – knowledge, initiative, and innovation.
Training and development
– Miraeassetmaps Asia Pacific RE Inv has one of the best training and development program in industry. The effectiveness of the training programs can be measured in – employees retention, in-house promotion, loyalty, new venture initiation, lack of conflict, and high level of both employees and customer engagement.
Weaknesses of Miraeassetmaps Asia Pacific RE Inv | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Miraeassetmaps Asia Pacific RE Inv are -
High bargaining power of channel partners in industry
– because of the regulatory requirements in South Korea, Miraeassetmaps Asia Pacific RE Inv is facing high bargaining power of the channel partners. So far it has not able to streamline the operations to reduce the bargaining power of the value chain partners in the industry.
Compensation and incentives
– The revenue per employee of Miraeassetmaps Asia Pacific RE Inv is just above the 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.
Lack of clear differentiation of Miraeassetmaps Asia Pacific RE Inv products
– To increase the profitability and margins on the products, Miraeassetmaps Asia Pacific RE Inv needs to provide more differentiated products than what it is currently offering in the marketplace.
Ability to respond to the competition
– As the decision making is very deliberative at Miraeassetmaps Asia Pacific RE Inv, in the dynamic environment of industry it has struggled to respond to the nimble upstart competition. Miraeassetmaps Asia Pacific RE Inv has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Aligning sales with marketing
– From the outside it seems that Miraeassetmaps Asia Pacific RE Inv needs to have more collaboration between its sales team and marketing team. Sales professionals in the industry have deep experience in developing customer relationships. Marketing department at Miraeassetmaps Asia Pacific RE Inv can leverage the sales team experience to cultivate customer relationships as Miraeassetmaps Asia Pacific RE Inv is planning to shift buying processes online.
Interest costs
– Compare to the competition, Miraeassetmaps Asia Pacific RE Inv 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.
Increasing silos among functional specialists
– The organizational structure of Miraeassetmaps Asia Pacific RE Inv is dominated by functional specialists. It is not different from other players in the industry, but Miraeassetmaps Asia Pacific RE Inv needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Miraeassetmaps Asia Pacific RE Inv to focus more on services in the industry rather than just following the product oriented approach.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Miraeassetmaps Asia Pacific RE Inv is slow explore the new channels of communication. These new channels of communication can help Miraeassetmaps Asia Pacific RE Inv to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
No frontier risks strategy
– From the 10K / annual statement of Miraeassetmaps Asia Pacific RE Inv, it seems that company is thinking out the frontier risks that can impact industry. But it has very little resources allocation to manage the risks emerging from events such as natural disasters, climate change, melting of permafrost, tacking the rise of artificial intelligence, opportunities and threats emerging from commercialization of space etc.
Slow decision making process
– As mentioned earlier in the report, Miraeassetmaps Asia Pacific RE Inv has a very deliberative decision making approach. This approach has resulted in prudent decisions, but it has also resulted in missing opportunities in the industry over the last five years. Miraeassetmaps Asia Pacific RE Inv 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.
Skills based hiring in industry
– The stress on hiring functional specialists at Miraeassetmaps Asia Pacific RE Inv 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.
Miraeassetmaps Asia Pacific RE Inv Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Miraeassetmaps Asia Pacific RE Inv are -
Use of Bitcoin and other crypto currencies for transactions in industry
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for Miraeassetmaps Asia Pacific RE Inv in the industry. Now Miraeassetmaps Asia Pacific RE Inv can target international markets with far fewer capital restrictions requirements than the existing system.
Creating value in data economy
– The success of analytics program of Miraeassetmaps Asia Pacific RE Inv has opened avenues for new revenue streams for the organization in industry. This can help Miraeassetmaps Asia Pacific RE Inv to build a more holistic ecosystem for Miraeassetmaps Asia Pacific RE Inv products in the industry by providing – data insight services, data privacy related products, data based consulting services, etc.
Developing new processes and practices
– Miraeassetmaps Asia Pacific RE Inv can develop new processes and procedures in 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.
Changes in consumer behavior post Covid-19
– consumer behavior has changed in the industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Miraeassetmaps Asia Pacific RE Inv 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. Miraeassetmaps Asia Pacific RE Inv 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.
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 Miraeassetmaps Asia Pacific RE Inv 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.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in industry, but it has also influenced the consumer preferences. Miraeassetmaps Asia Pacific RE Inv can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Miraeassetmaps Asia Pacific RE Inv can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
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. Miraeassetmaps Asia Pacific RE Inv can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Leveraging digital technologies
– Miraeassetmaps Asia Pacific RE Inv 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.
Better consumer reach
– The expansion of the 5G network will help Miraeassetmaps Asia Pacific RE Inv to increase its market reach. Miraeassetmaps Asia Pacific RE Inv 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.
Loyalty marketing
– Miraeassetmaps Asia Pacific RE Inv 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 Miraeassetmaps Asia Pacific RE Inv in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the industry, and it will provide faster access to the consumers.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Miraeassetmaps Asia Pacific RE Inv 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 Miraeassetmaps Asia Pacific RE Inv to hire the very best people irrespective of their geographical location.
Threats Miraeassetmaps Asia Pacific RE Inv External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Miraeassetmaps Asia Pacific RE Inv are -
Barriers of entry lowering
– As technology is more democratized, the barriers to entry to industry are lowering. It can presents Miraeassetmaps Asia Pacific RE Inv with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, Miraeassetmaps Asia Pacific RE Inv may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of 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 Miraeassetmaps Asia Pacific RE Inv.
Regulatory challenges
– Miraeassetmaps Asia Pacific RE Inv 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 industry regulations.
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.
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.
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 Miraeassetmaps Asia Pacific RE Inv business can come under increasing regulations regarding data privacy, data security, etc.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Miraeassetmaps Asia Pacific RE Inv in industry. The 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.
Environmental challenges
– Miraeassetmaps Asia Pacific RE Inv 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. Miraeassetmaps Asia Pacific RE Inv can take advantage of this fund but it will also bring new competitors in the industry.
Consumer confidence and its impact on Miraeassetmaps Asia Pacific RE Inv 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 industry and other sectors.
High dependence on third party suppliers
– Miraeassetmaps Asia Pacific RE Inv 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
– Miraeassetmaps Asia Pacific RE Inv 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 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 Miraeassetmaps Asia Pacific RE Inv in the sector and impact the bottomline of the organization.
Weighted SWOT Analysis of Miraeassetmaps Asia Pacific RE Inv Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Miraeassetmaps Asia Pacific RE Inv 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 Miraeassetmaps Asia Pacific RE Inv 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 Miraeassetmaps Asia Pacific RE Inv 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 Miraeassetmaps Asia Pacific RE Inv 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 Miraeassetmaps Asia Pacific RE Inv needs to make to build a sustainable competitive advantage.