GAMCO Global Gold Natural Reso Pref (GGN_pb) SWOT Analysis / TOWS Matrix / MBA Resources
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for GAMCO Global Gold Natural Reso Pref (United States)
Based on various researches at Oak Spring University , GAMCO Global Gold Natural Reso Pref is operating in a macro-environment that has been destablized by – increasing government debt because of Covid-19 spendings, increasing inequality as vast percentage of new income is going to the top 1%, supply chains are disrupted by pandemic , increasing household debt because of falling income levels, geopolitical disruptions, central banks are concerned over increasing inflation, increasing commodity prices,
increasing energy prices, there is backlash against globalization, etc
Introduction to SWOT Analysis of GAMCO Global Gold Natural Reso Pref
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that GAMCO Global Gold Natural Reso Pref can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the GAMCO Global Gold Natural Reso Pref, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which GAMCO Global Gold Natural Reso Pref 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 GAMCO Global Gold Natural Reso Pref can be done for the following purposes –
1. Strategic planning of GAMCO Global Gold Natural Reso Pref
2. Improving business portfolio management of GAMCO Global Gold Natural Reso Pref
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 GAMCO Global Gold Natural Reso Pref
Strengths of GAMCO Global Gold Natural Reso Pref | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of GAMCO Global Gold Natural Reso Pref are -
Operational resilience
– The operational resilience strategy of GAMCO Global Gold Natural Reso Pref 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.
Training and development
– GAMCO Global Gold Natural Reso Pref 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.
Ability to recruit top talent
– GAMCO Global Gold Natural Reso Pref is one of the leading players in the industry in United States. It is in a position to attract the best talent available in United States. The firm has a robust talent identification program that helps in identifying the brightest.
Ability to lead change in
– GAMCO Global Gold Natural Reso Pref 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 GAMCO Global Gold Natural Reso Pref in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Strong track record of project management in the industry
– GAMCO Global Gold Natural Reso Pref is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Cross disciplinary teams
– Horizontal connected teams at the GAMCO Global Gold Natural Reso Pref 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.
Analytics focus
– GAMCO Global Gold Natural Reso Pref 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 United States 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.
Innovation driven organization
– GAMCO Global Gold Natural Reso Pref is one of the most innovative firm in sector.
Effective Research and Development (R&D)
– GAMCO Global Gold Natural Reso Pref has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – GAMCO Global Gold Natural Reso Pref staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
High switching costs
– The high switching costs that GAMCO Global Gold Natural Reso Pref 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.
Diverse revenue streams
– GAMCO Global Gold Natural Reso Pref is present in almost all the verticals within the industry. This has provided GAMCO Global Gold Natural Reso Pref 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.
High brand equity
– GAMCO Global Gold Natural Reso Pref has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled GAMCO Global Gold Natural Reso Pref to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Weaknesses of GAMCO Global Gold Natural Reso Pref | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of GAMCO Global Gold Natural Reso Pref are -
Ability to respond to the competition
– As the decision making is very deliberative at GAMCO Global Gold Natural Reso Pref, in the dynamic environment of industry it has struggled to respond to the nimble upstart competition. GAMCO Global Gold Natural Reso Pref has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Capital Spending Reduction
– Even during the low interest decade, GAMCO Global Gold Natural Reso Pref 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 industry using digital technology.
No frontier risks strategy
– From the 10K / annual statement of GAMCO Global Gold Natural Reso Pref, 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.
High operating costs
– Compare to the competitors, GAMCO Global Gold Natural Reso Pref has high operating costs in the industry. This can be harder to sustain given the new emerging competition from nimble players who are using technology to attract GAMCO Global Gold Natural Reso Pref lucrative customers.
Slow to strategic competitive environment developments
– As GAMCO Global Gold Natural Reso Pref is one of the leading players in the industry, it takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the industry in last five years.
Slow decision making process
– As mentioned earlier in the report, GAMCO Global Gold Natural Reso Pref 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. GAMCO Global Gold Natural Reso Pref 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.
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 GAMCO Global Gold Natural Reso Pref supply chain. Even after few cautionary changes, GAMCO Global Gold Natural Reso Pref is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left GAMCO Global Gold Natural Reso Pref vulnerable to further global disruptions in South East Asia.
Need for greater diversity
– GAMCO Global Gold Natural Reso Pref 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 industry
– The stress on hiring functional specialists at GAMCO Global Gold Natural Reso Pref 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.
Increasing silos among functional specialists
– The organizational structure of GAMCO Global Gold Natural Reso Pref is dominated by functional specialists. It is not different from other players in the industry, but GAMCO Global Gold Natural Reso Pref needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help GAMCO Global Gold Natural Reso Pref to focus more on services in the industry rather than just following the product oriented approach.
Lack of clear differentiation of GAMCO Global Gold Natural Reso Pref products
– To increase the profitability and margins on the products, GAMCO Global Gold Natural Reso Pref needs to provide more differentiated products than what it is currently offering in the marketplace.
GAMCO Global Gold Natural Reso Pref Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of GAMCO Global Gold Natural Reso Pref are -
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for GAMCO Global Gold Natural Reso Pref 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 GAMCO Global Gold Natural Reso Pref to hire the very best people irrespective of their geographical location.
Developing new processes and practices
– GAMCO Global Gold Natural Reso Pref 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.
Creating value in data economy
– The success of analytics program of GAMCO Global Gold Natural Reso Pref has opened avenues for new revenue streams for the organization in industry. This can help GAMCO Global Gold Natural Reso Pref to build a more holistic ecosystem for GAMCO Global Gold Natural Reso Pref products in the industry by providing – data insight services, data privacy related products, data based consulting services, etc.
Redefining models of collaboration and team work
– As explained in the weaknesses section, GAMCO Global Gold Natural Reso Pref is facing challenges because of the dominance of functional experts in the organization. GAMCO Global Gold Natural Reso Pref can utilize new technology in the field of industry to build more coordinated teams and streamline operations and communications using tools such as CAD, Zoom, etc.
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. GAMCO Global Gold Natural Reso Pref can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
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 GAMCO Global Gold Natural Reso Pref 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 industry
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for GAMCO Global Gold Natural Reso Pref in the industry. Now GAMCO Global Gold Natural Reso Pref can target international markets with far fewer capital restrictions requirements than the existing system.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects GAMCO Global Gold Natural Reso Pref can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, GAMCO Global Gold Natural Reso Pref 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 GAMCO Global Gold Natural Reso Pref to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, GAMCO Global Gold Natural Reso Pref can use these opportunities to build new business models that can help the communities that GAMCO Global Gold Natural Reso Pref operates in. Secondly it can use opportunities from government spending in sector.
Lowering marketing communication costs
– 5G expansion will open new opportunities for GAMCO Global Gold Natural Reso Pref 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.
Manufacturing automation
– GAMCO Global Gold Natural Reso Pref can use the latest technology developments to improve its manufacturing and designing process in 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.
Buying journey improvements
– GAMCO Global Gold Natural Reso Pref 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.
Threats GAMCO Global Gold Natural Reso Pref External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of GAMCO Global Gold Natural Reso Pref are -
Instability in the European markets
– European Union markets are facing three big challenges post Covid – expanded balance sheets, Brexit related business disruption, and aggressive Russia looking to distract the existing security mechanism. GAMCO Global Gold Natural Reso Pref will face different problems in different parts of Europe. For example it will face inflationary pressures in UK, France, and Germany, balance sheet expansion and demand challenges in Southern European countries, and geopolitical instability in the Eastern Europe.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, GAMCO Global Gold Natural Reso Pref 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 acceleration in Forth Industrial Revolution
– GAMCO Global Gold Natural Reso Pref has witnessed rapid integration of technology during Covid-19 in the industry. As one of the leading players in the industry, GAMCO Global Gold Natural Reso Pref 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.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, GAMCO Global Gold Natural Reso Pref 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 GAMCO Global Gold Natural Reso Pref prominent markets.
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 GAMCO Global Gold Natural Reso Pref business can come under increasing regulations regarding data privacy, data security, etc.
Shortening product life cycle
– it is one of the major threat that GAMCO Global Gold Natural Reso Pref is facing in sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, 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. GAMCO Global Gold Natural Reso Pref needs to understand the core reasons impacting the industry. This will help it in building a better workplace.
Increasing wage structure of GAMCO Global Gold Natural Reso Pref
– 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 GAMCO Global Gold Natural Reso Pref.
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 GAMCO Global Gold Natural Reso Pref in the sector and impact the bottomline of the organization.
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 industry are lowering. It can presents GAMCO Global Gold Natural Reso Pref with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
Stagnating economy with rate increase
– GAMCO Global Gold Natural Reso Pref 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.
Weighted SWOT Analysis of GAMCO Global Gold Natural Reso Pref Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at GAMCO Global Gold Natural Reso Pref 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 GAMCO Global Gold Natural Reso Pref 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 GAMCO Global Gold Natural Reso Pref 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 GAMCO Global Gold Natural Reso Pref 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 GAMCO Global Gold Natural Reso Pref needs to make to build a sustainable competitive advantage.
