Gabelli Healthcare WellnessRx Pa Pr (GRX_pa) SWOT Analysis / TOWS Matrix / MBA Resources
Misc. Financial Services
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for Gabelli Healthcare WellnessRx Pa Pr (United States)
Based on various researches at Oak Spring University , Gabelli Healthcare WellnessRx Pa Pr is operating in a macro-environment that has been destablized by – increasing energy prices, banking and financial system is disrupted by Bitcoin and other crypto currencies, there is backlash against globalization, central banks are concerned over increasing inflation, increasing government debt because of Covid-19 spendings, technology disruption, cloud computing is disrupting traditional business models,
there is increasing trade war between United States & China, supply chains are disrupted by pandemic , etc
Introduction to SWOT Analysis of Gabelli Healthcare WellnessRx Pa Pr
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Gabelli Healthcare WellnessRx Pa Pr can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Gabelli Healthcare WellnessRx Pa Pr, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Gabelli Healthcare WellnessRx Pa Pr 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 Gabelli Healthcare WellnessRx Pa Pr can be done for the following purposes –
1. Strategic planning of Gabelli Healthcare WellnessRx Pa Pr
2. Improving business portfolio management of Gabelli Healthcare WellnessRx Pa Pr
3. Assessing feasibility of the new initiative in United States
4. Making a Misc. Financial Services sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of Gabelli Healthcare WellnessRx Pa Pr
Strengths of Gabelli Healthcare WellnessRx Pa Pr | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Gabelli Healthcare WellnessRx Pa Pr are -
Superior customer experience
– The customer experience strategy of Gabelli Healthcare WellnessRx Pa Pr in Misc. Financial Services industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
High brand equity
– Gabelli Healthcare WellnessRx Pa Pr has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Gabelli Healthcare WellnessRx Pa Pr to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Sustainable margins compare to other players in Misc. Financial Services industry
– Gabelli Healthcare WellnessRx Pa Pr has clearly differentiated products in the market place. This has enabled Gabelli Healthcare WellnessRx Pa Pr to fetch slight price premium compare to the competitors in the Misc. Financial Services industry. The sustainable margins have also helped Gabelli Healthcare WellnessRx Pa Pr to invest into research and development (R&D) and innovation.
Cross disciplinary teams
– Horizontal connected teams at the Gabelli Healthcare WellnessRx Pa Pr 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.
Diverse revenue streams
– Gabelli Healthcare WellnessRx Pa Pr is present in almost all the verticals within the Misc. Financial Services industry. This has provided Gabelli Healthcare WellnessRx Pa Pr 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 switching costs
– The high switching costs that Gabelli Healthcare WellnessRx Pa Pr 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.
Ability to recruit top talent
– Gabelli Healthcare WellnessRx Pa Pr is one of the leading players in the Misc. Financial Services 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.
Low bargaining power of suppliers
– Suppliers of Gabelli Healthcare WellnessRx Pa Pr in the Financial sector have low bargaining power. Gabelli Healthcare WellnessRx Pa Pr has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Gabelli Healthcare WellnessRx Pa Pr to manage not only supply disruptions but also source products at highly competitive prices.
Innovation driven organization
– Gabelli Healthcare WellnessRx Pa Pr is one of the most innovative firm in Misc. Financial Services sector.
Successful track record of launching new products
– Gabelli Healthcare WellnessRx Pa Pr has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Gabelli Healthcare WellnessRx Pa Pr 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.
Training and development
– Gabelli Healthcare WellnessRx Pa Pr has one of the best training and development program in Financial 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.
Highly skilled collaborators
– Gabelli Healthcare WellnessRx Pa Pr has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive Misc. Financial Services industry. Secondly the value chain collaborators of Gabelli Healthcare WellnessRx Pa Pr have helped the firm to develop new products and bring them quickly to the marketplace.
Weaknesses of Gabelli Healthcare WellnessRx Pa Pr | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Gabelli Healthcare WellnessRx Pa Pr are -
Products dominated business model
– Even though Gabelli Healthcare WellnessRx Pa Pr 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. Gabelli Healthcare WellnessRx Pa Pr should strive to include more intangible value offerings along with its core products and services.
Capital Spending Reduction
– Even during the low interest decade, Gabelli Healthcare WellnessRx Pa Pr 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 Misc. Financial Services industry using digital technology.
High bargaining power of channel partners in Misc. Financial Services industry
– because of the regulatory requirements in United States, Gabelli Healthcare WellnessRx Pa Pr 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 Misc. Financial Services industry.
Slow decision making process
– As mentioned earlier in the report, Gabelli Healthcare WellnessRx Pa Pr has a very deliberative decision making approach. This approach has resulted in prudent decisions, but it has also resulted in missing opportunities in the Misc. Financial Services industry over the last five years. Gabelli Healthcare WellnessRx Pa Pr 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.
Employees’ less understanding of Gabelli Healthcare WellnessRx Pa Pr strategy
– From the outside it seems that the employees of Gabelli Healthcare WellnessRx Pa Pr 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.
Increasing silos among functional specialists
– The organizational structure of Gabelli Healthcare WellnessRx Pa Pr is dominated by functional specialists. It is not different from other players in the Misc. Financial Services industry, but Gabelli Healthcare WellnessRx Pa Pr needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Gabelli Healthcare WellnessRx Pa Pr to focus more on services in the Misc. Financial Services industry rather than just following the product oriented approach.
Need for greater diversity
– Gabelli Healthcare WellnessRx Pa Pr 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.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Gabelli Healthcare WellnessRx Pa Pr is slow explore the new channels of communication. These new channels of communication can help Gabelli Healthcare WellnessRx Pa Pr 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.
Low market penetration in new markets
– Outside its home market of United States, Gabelli Healthcare WellnessRx Pa Pr needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
No frontier risks strategy
– From the 10K / annual statement of Gabelli Healthcare WellnessRx Pa Pr, it seems that company is thinking out the frontier risks that can impact Misc. Financial Services 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.
Compensation and incentives
– The revenue per employee of Gabelli Healthcare WellnessRx Pa Pr 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.
Gabelli Healthcare WellnessRx Pa Pr Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Gabelli Healthcare WellnessRx Pa Pr are -
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Gabelli Healthcare WellnessRx Pa Pr can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Creating value in data economy
– The success of analytics program of Gabelli Healthcare WellnessRx Pa Pr has opened avenues for new revenue streams for the organization in Misc. Financial Services industry. This can help Gabelli Healthcare WellnessRx Pa Pr to build a more holistic ecosystem for Gabelli Healthcare WellnessRx Pa Pr products in the Misc. Financial Services 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 Misc. Financial Services industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Gabelli Healthcare WellnessRx Pa Pr 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. Gabelli Healthcare WellnessRx Pa Pr 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.
Learning at scale
– Online learning technologies has now opened space for Gabelli Healthcare WellnessRx Pa Pr 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.
Using analytics as competitive advantage
– Gabelli Healthcare WellnessRx Pa Pr 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 Gabelli Healthcare WellnessRx Pa Pr to build a competitive advantage using analytics. The analytics driven competitive advantage can help Gabelli Healthcare WellnessRx Pa Pr to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Gabelli Healthcare WellnessRx Pa Pr is facing challenges because of the dominance of functional experts in the organization. Gabelli Healthcare WellnessRx Pa Pr 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.
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. Gabelli Healthcare WellnessRx Pa Pr can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Developing new processes and practices
– Gabelli Healthcare WellnessRx Pa Pr can develop new processes and procedures in Misc. Financial Services 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.
Loyalty marketing
– Gabelli Healthcare WellnessRx Pa Pr 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.
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 Gabelli Healthcare WellnessRx Pa Pr in the Misc. Financial Services industry. Now Gabelli Healthcare WellnessRx Pa Pr can target international markets with far fewer capital restrictions requirements than the existing system.
Better consumer reach
– The expansion of the 5G network will help Gabelli Healthcare WellnessRx Pa Pr to increase its market reach. Gabelli Healthcare WellnessRx Pa Pr 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.
Building a culture of innovation
– managers at Gabelli Healthcare WellnessRx Pa Pr 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Gabelli Healthcare WellnessRx Pa Pr 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 Gabelli Healthcare WellnessRx Pa Pr to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Threats Gabelli Healthcare WellnessRx Pa Pr External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Gabelli Healthcare WellnessRx Pa Pr are -
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, Gabelli Healthcare WellnessRx Pa Pr may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of 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 Gabelli Healthcare WellnessRx Pa Pr.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Gabelli Healthcare WellnessRx Pa Pr in Misc. Financial Services industry. The Misc. Financial Services 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 international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Gabelli Healthcare WellnessRx Pa Pr 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 Gabelli Healthcare WellnessRx Pa Pr prominent markets.
Consumer confidence and its impact on Gabelli Healthcare WellnessRx Pa Pr 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.
Stagnating economy with rate increase
– Gabelli Healthcare WellnessRx Pa Pr 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.
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.
Shortening product life cycle
– it is one of the major threat that Gabelli Healthcare WellnessRx Pa Pr is facing in Misc. Financial Services sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Increasing wage structure of Gabelli Healthcare WellnessRx Pa Pr
– 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 Gabelli Healthcare WellnessRx Pa Pr.
Environmental challenges
– Gabelli Healthcare WellnessRx Pa Pr 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. Gabelli Healthcare WellnessRx Pa Pr can take advantage of this fund but it will also bring new competitors in the Misc. Financial Services industry.
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. Gabelli Healthcare WellnessRx Pa Pr 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.
Regulatory challenges
– Gabelli Healthcare WellnessRx Pa Pr 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.
Technology acceleration in Forth Industrial Revolution
– Gabelli Healthcare WellnessRx Pa Pr has witnessed rapid integration of technology during Covid-19 in the Misc. Financial Services industry. As one of the leading players in the industry, Gabelli Healthcare WellnessRx Pa Pr needs to keep up with the evolution of technology in the Misc. Financial Services 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 Gabelli Healthcare WellnessRx Pa Pr Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Gabelli Healthcare WellnessRx Pa Pr 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 Gabelli Healthcare WellnessRx Pa Pr 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 Gabelli Healthcare WellnessRx Pa Pr 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 Gabelli Healthcare WellnessRx Pa Pr 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 Gabelli Healthcare WellnessRx Pa Pr needs to make to build a sustainable competitive advantage.