Dynagas LNG Partners LP Unit (DLNG_pa) SWOT Analysis / TOWS Matrix / MBA Resources
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for Dynagas LNG Partners LP Unit (United States)
Based on various researches at Oak Spring University , Dynagas LNG Partners LP Unit is operating in a macro-environment that has been destablized by – challanges to central banks by blockchain based private currencies, there is backlash against globalization, central banks are concerned over increasing inflation, banking and financial system is disrupted by Bitcoin and other crypto currencies, increasing energy prices, increasing household debt because of falling income levels, there is increasing trade war between United States & China,
competitive advantages are harder to sustain because of technology dispersion, increasing inequality as vast percentage of new income is going to the top 1%, etc
Introduction to SWOT Analysis of Dynagas LNG Partners LP Unit
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Dynagas LNG Partners LP Unit can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Dynagas LNG Partners LP Unit, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Dynagas LNG Partners LP Unit 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 Dynagas LNG Partners LP Unit can be done for the following purposes –
1. Strategic planning of Dynagas LNG Partners LP Unit
2. Improving business portfolio management of Dynagas LNG Partners LP Unit
3. Assessing feasibility of the new initiative in United States
4. Making a sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of Dynagas LNG Partners LP Unit
Strengths of Dynagas LNG Partners LP Unit | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Dynagas LNG Partners LP Unit are -
Digital Transformation in industry
- digital transformation varies from industry to industry. For Dynagas LNG Partners LP Unit digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Dynagas LNG Partners LP Unit 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.
Innovation driven organization
– Dynagas LNG Partners LP Unit is one of the most innovative firm in sector.
Effective Research and Development (R&D)
– Dynagas LNG Partners LP Unit has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Dynagas LNG Partners LP Unit staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Learning organization
- Dynagas LNG Partners LP Unit 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 Dynagas LNG Partners LP Unit is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders at Dynagas LNG Partners LP Unit emphasize – knowledge, initiative, and innovation.
Highly skilled collaborators
– Dynagas LNG Partners LP Unit has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive industry. Secondly the value chain collaborators of Dynagas LNG Partners LP Unit have helped the firm to develop new products and bring them quickly to the marketplace.
Operational resilience
– The operational resilience strategy of Dynagas LNG Partners LP Unit 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.
Organizational Resilience of Dynagas LNG Partners LP Unit
– The covid-19 pandemic has put organizational resilience at the centre of everthing Dynagas LNG Partners LP Unit does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Strong track record of project management in the industry
– Dynagas LNG Partners LP Unit is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Successful track record of launching new products
– Dynagas LNG Partners LP Unit has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Dynagas LNG Partners LP Unit 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
– Dynagas LNG Partners LP Unit is one of the leading players in the industry in United States. Over the years it has not only transformed the business landscape in the industry in United States but also across the existing markets. The ability to lead change has enabled Dynagas LNG Partners LP Unit in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Diverse revenue streams
– Dynagas LNG Partners LP Unit is present in almost all the verticals within the industry. This has provided Dynagas LNG Partners LP Unit 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.
Sustainable margins compare to other players in industry
– Dynagas LNG Partners LP Unit has clearly differentiated products in the market place. This has enabled Dynagas LNG Partners LP Unit to fetch slight price premium compare to the competitors in the industry. The sustainable margins have also helped Dynagas LNG Partners LP Unit to invest into research and development (R&D) and innovation.
Weaknesses of Dynagas LNG Partners LP Unit | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Dynagas LNG Partners LP Unit are -
Compensation and incentives
– The revenue per employee of Dynagas LNG Partners LP Unit 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.
Need for greater diversity
– Dynagas LNG Partners LP Unit 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.
Increasing silos among functional specialists
– The organizational structure of Dynagas LNG Partners LP Unit is dominated by functional specialists. It is not different from other players in the industry, but Dynagas LNG Partners LP Unit needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Dynagas LNG Partners LP Unit to focus more on services in the industry rather than just following the product oriented approach.
High dependence on Dynagas LNG Partners LP Unit ‘s star products
– The top 2 products and services of Dynagas LNG Partners LP Unit still accounts for major business revenue. This dependence on star products in industry has resulted into insufficient focus on developing new products, even though Dynagas LNG Partners LP Unit has relatively successful track record of launching new products.
High bargaining power of channel partners in industry
– because of the regulatory requirements in United States, Dynagas LNG Partners LP Unit 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.
Workers concerns about automation
– As automation is fast increasing in the industry, Dynagas LNG Partners LP Unit 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.
Interest costs
– Compare to the competition, Dynagas LNG Partners LP Unit 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.
Lack of clear differentiation of Dynagas LNG Partners LP Unit products
– To increase the profitability and margins on the products, Dynagas LNG Partners LP Unit needs to provide more differentiated products than what it is currently offering in the marketplace.
Products dominated business model
– Even though Dynagas LNG Partners LP Unit has some of the most successful models in the industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. Dynagas LNG Partners LP Unit should strive to include more intangible value offerings along with its core products and services.
Low market penetration in new markets
– Outside its home market of United States, Dynagas LNG Partners LP Unit needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Dynagas LNG Partners LP Unit is slow explore the new channels of communication. These new channels of communication can help Dynagas LNG Partners LP Unit to provide better information regarding products and services. It can also build an online community to further reach out to potential customers.
Dynagas LNG Partners LP Unit Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Dynagas LNG Partners LP Unit are -
Creating value in data economy
– The success of analytics program of Dynagas LNG Partners LP Unit has opened avenues for new revenue streams for the organization in industry. This can help Dynagas LNG Partners LP Unit to build a more holistic ecosystem for Dynagas LNG Partners LP Unit products in the industry by providing – data insight services, data privacy related products, data based consulting services, 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. Dynagas LNG Partners LP Unit 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. Dynagas LNG Partners LP Unit 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.
Using analytics as competitive advantage
– Dynagas LNG Partners LP Unit has spent a significant amount of money and effort to integrate analytics and machine learning into its operations in sector. This continuous investment in analytics has enabled Dynagas LNG Partners LP Unit to build a competitive advantage using analytics. The analytics driven competitive advantage can help Dynagas LNG Partners LP Unit to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Buying journey improvements
– Dynagas LNG Partners LP Unit can improve the customer journey of consumers in the 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Dynagas LNG Partners LP Unit 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 Dynagas LNG Partners LP Unit to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
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 Dynagas LNG Partners LP Unit 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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Dynagas LNG Partners LP Unit can use these opportunities to build new business models that can help the communities that Dynagas LNG Partners LP Unit operates in. Secondly it can use opportunities from government spending in sector.
Learning at scale
– Online learning technologies has now opened space for Dynagas LNG Partners LP Unit 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.
Better consumer reach
– The expansion of the 5G network will help Dynagas LNG Partners LP Unit to increase its market reach. Dynagas LNG Partners LP Unit 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.
Leveraging digital technologies
– Dynagas LNG Partners LP Unit 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Dynagas LNG Partners LP Unit 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.
Loyalty marketing
– Dynagas LNG Partners LP Unit 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.
Developing new processes and practices
– Dynagas LNG Partners LP Unit 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.
Threats Dynagas LNG Partners LP Unit External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Dynagas LNG Partners LP Unit are -
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Dynagas LNG Partners LP Unit 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 Dynagas LNG Partners LP Unit prominent markets.
High dependence on third party suppliers
– Dynagas LNG Partners LP Unit 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.
Environmental challenges
– Dynagas LNG Partners LP Unit 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. Dynagas LNG Partners LP Unit can take advantage of this fund but it will also bring new competitors in the industry.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Dynagas LNG Partners LP Unit 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.
Increasing wage structure of Dynagas LNG Partners LP Unit
– 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 Dynagas LNG Partners LP Unit.
Regulatory challenges
– Dynagas LNG Partners LP Unit 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.
Stagnating economy with rate increase
– Dynagas LNG Partners LP Unit 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.
Easy access to finance
– Easy access to finance in industry will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Dynagas LNG Partners LP Unit can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, Dynagas LNG Partners LP Unit 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.
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 Dynagas LNG Partners LP Unit business can come under increasing regulations regarding data privacy, data security, etc.
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. Dynagas LNG Partners LP Unit needs to understand the core reasons impacting the industry. This will help it in building a better workplace.
Technology acceleration in Forth Industrial Revolution
– Dynagas LNG Partners LP Unit has witnessed rapid integration of technology during Covid-19 in the industry. As one of the leading players in the industry, Dynagas LNG Partners LP Unit needs to keep up with the evolution of technology in the sector. According to Mckinsey study top managers believe that the adoption of technology in operations, communications is 20-25 times faster than what they planned in the beginning of 2019.
Weighted SWOT Analysis of Dynagas LNG Partners LP Unit Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Dynagas LNG Partners LP Unit 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 Dynagas LNG Partners LP Unit 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 Dynagas LNG Partners LP Unit 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 Dynagas LNG Partners LP Unit 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 Dynagas LNG Partners LP Unit needs to make to build a sustainable competitive advantage.
