Based on various researches at Oak Spring University , Gabelli Healthcare WellnessRx Pb Pr is operating in a macro-environment that has been destablized by – increasing energy prices, cloud computing is disrupting traditional business models, increasing household debt because of falling income levels, talent flight as more people leaving formal jobs, digital marketing is dominated by two big players Facebook and Google, challanges to central banks by blockchain based private currencies, customer relationship management is fast transforming because of increasing concerns over data privacy,
technology disruption, competitive advantages are harder to sustain because of technology dispersion, etc
Introduction to SWOT Analysis of Gabelli Healthcare WellnessRx Pb Pr
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Gabelli Healthcare WellnessRx Pb Pr can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Gabelli Healthcare WellnessRx Pb 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 Pb 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 Pb Pr can be done for the following purposes –
1. Strategic planning of Gabelli Healthcare WellnessRx Pb Pr
2. Improving business portfolio management of Gabelli Healthcare WellnessRx Pb Pr
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 Gabelli Healthcare WellnessRx Pb Pr
Strengths of Gabelli Healthcare WellnessRx Pb Pr | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Gabelli Healthcare WellnessRx Pb Pr are -
Operational resilience
– The operational resilience strategy of Gabelli Healthcare WellnessRx Pb Pr 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 Gabelli Healthcare WellnessRx Pb Pr digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Gabelli Healthcare WellnessRx Pb Pr 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.
High switching costs
– The high switching costs that Gabelli Healthcare WellnessRx Pb 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.
Learning organization
- Gabelli Healthcare WellnessRx Pb Pr 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 Gabelli Healthcare WellnessRx Pb Pr is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders at Gabelli Healthcare WellnessRx Pb Pr emphasize – knowledge, initiative, and innovation.
Effective Research and Development (R&D)
– Gabelli Healthcare WellnessRx Pb Pr has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Gabelli Healthcare WellnessRx Pb Pr staying ahead in the industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Successful track record of launching new products
– Gabelli Healthcare WellnessRx Pb Pr has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Gabelli Healthcare WellnessRx Pb 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.
Diverse revenue streams
– Gabelli Healthcare WellnessRx Pb Pr is present in almost all the verticals within the industry. This has provided Gabelli Healthcare WellnessRx Pb 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.
Superior customer experience
– The customer experience strategy of Gabelli Healthcare WellnessRx Pb Pr in industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Strong track record of project management in the industry
– Gabelli Healthcare WellnessRx Pb Pr is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Ability to recruit top talent
– Gabelli Healthcare WellnessRx Pb Pr 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
– Gabelli Healthcare WellnessRx Pb Pr 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 Gabelli Healthcare WellnessRx Pb Pr in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Analytics focus
– Gabelli Healthcare WellnessRx Pb Pr 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.
Weaknesses of Gabelli Healthcare WellnessRx Pb Pr | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Gabelli Healthcare WellnessRx Pb Pr are -
Employees’ less understanding of Gabelli Healthcare WellnessRx Pb Pr strategy
– From the outside it seems that the employees of Gabelli Healthcare WellnessRx Pb 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.
Capital Spending Reduction
– Even during the low interest decade, Gabelli Healthcare WellnessRx Pb 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 industry using digital technology.
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 Gabelli Healthcare WellnessRx Pb Pr supply chain. Even after few cautionary changes, Gabelli Healthcare WellnessRx Pb Pr is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Gabelli Healthcare WellnessRx Pb Pr vulnerable to further global disruptions in South East Asia.
Products dominated business model
– Even though Gabelli Healthcare WellnessRx Pb Pr 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. Gabelli Healthcare WellnessRx Pb Pr should strive to include more intangible value offerings along with its core products and services.
Lack of clear differentiation of Gabelli Healthcare WellnessRx Pb Pr products
– To increase the profitability and margins on the products, Gabelli Healthcare WellnessRx Pb Pr needs to provide more differentiated products than what it is currently offering in the marketplace.
Slow decision making process
– As mentioned earlier in the report, Gabelli Healthcare WellnessRx Pb 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 industry over the last five years. Gabelli Healthcare WellnessRx Pb 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.
High cash cycle compare to competitors
Gabelli Healthcare WellnessRx Pb Pr has a high cash cycle compare to other players in the industry. It needs to shorten the cash cycle by 12% to be more competitive in the marketplace, reduce inventory costs, and be more profitable.
Ability to respond to the competition
– As the decision making is very deliberative at Gabelli Healthcare WellnessRx Pb Pr, in the dynamic environment of industry it has struggled to respond to the nimble upstart competition. Gabelli Healthcare WellnessRx Pb Pr has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Increasing silos among functional specialists
– The organizational structure of Gabelli Healthcare WellnessRx Pb Pr is dominated by functional specialists. It is not different from other players in the industry, but Gabelli Healthcare WellnessRx Pb 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 Pb Pr to focus more on services in the industry rather than just following the product oriented approach.
Low market penetration in new markets
– Outside its home market of United States, Gabelli Healthcare WellnessRx Pb Pr needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Workers concerns about automation
– As automation is fast increasing in the industry, Gabelli Healthcare WellnessRx Pb Pr 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.
Gabelli Healthcare WellnessRx Pb Pr Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Gabelli Healthcare WellnessRx Pb Pr 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 Gabelli Healthcare WellnessRx Pb Pr in the industry. Now Gabelli Healthcare WellnessRx Pb Pr can target international markets with far fewer capital restrictions requirements than the existing system.
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 Gabelli Healthcare WellnessRx Pb Pr 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.
Learning at scale
– Online learning technologies has now opened space for Gabelli Healthcare WellnessRx Pb 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.
Buying journey improvements
– Gabelli Healthcare WellnessRx Pb Pr 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.
Leveraging digital technologies
– Gabelli Healthcare WellnessRx Pb Pr 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.
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 Pb Pr can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Gabelli Healthcare WellnessRx Pb 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 Pb 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.
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. Gabelli Healthcare WellnessRx Pb 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 Pb 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.
Using analytics as competitive advantage
– Gabelli Healthcare WellnessRx Pb Pr 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 Gabelli Healthcare WellnessRx Pb Pr to build a competitive advantage using analytics. The analytics driven competitive advantage can help Gabelli Healthcare WellnessRx Pb Pr to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Gabelli Healthcare WellnessRx Pb Pr 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 Gabelli Healthcare WellnessRx Pb Pr to hire the very best people irrespective of their geographical location.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Gabelli Healthcare WellnessRx Pb Pr can use these opportunities to build new business models that can help the communities that Gabelli Healthcare WellnessRx Pb Pr operates in. Secondly it can use opportunities from government spending in sector.
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. Gabelli Healthcare WellnessRx Pb Pr can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Building a culture of innovation
– managers at Gabelli Healthcare WellnessRx Pb 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 industry.
Threats Gabelli Healthcare WellnessRx Pb Pr External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Gabelli Healthcare WellnessRx Pb Pr are -
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Gabelli Healthcare WellnessRx Pb 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 Pb Pr prominent markets.
Environmental challenges
– Gabelli Healthcare WellnessRx Pb 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 Pb Pr can take advantage of this fund but it will also bring new competitors in the industry.
Technology acceleration in Forth Industrial Revolution
– Gabelli Healthcare WellnessRx Pb Pr has witnessed rapid integration of technology during Covid-19 in the industry. As one of the leading players in the industry, Gabelli Healthcare WellnessRx Pb Pr 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.
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 Pb Pr 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.
Regulatory challenges
– Gabelli Healthcare WellnessRx Pb 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 industry regulations.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry to industry are lowering. It can presents Gabelli Healthcare WellnessRx Pb Pr with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the sector.
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 Gabelli Healthcare WellnessRx Pb Pr 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. Gabelli Healthcare WellnessRx Pb Pr needs to understand the core reasons impacting the industry. This will help it in building a better workplace.
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 Pb Pr.
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 Pb Pr is facing in sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
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 Pb 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.
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 Gabelli Healthcare WellnessRx Pb Pr in the sector and impact the bottomline of the organization.
Weighted SWOT Analysis of Gabelli Healthcare WellnessRx Pb 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 Pb 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 Pb 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 Pb 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 Pb 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 Pb Pr needs to make to build a sustainable competitive advantage.
