Voya Asia Pacific High Div Equityom (IAE) SWOT Analysis / TOWS Matrix / MBA Resources
Misc. Financial Services
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for Voya Asia Pacific High Div Equityom (United States)
Based on various researches at Oak Spring University , Voya Asia Pacific High Div Equityom is operating in a macro-environment that has been destablized by – increasing commodity prices, increasing government debt because of Covid-19 spendings, wage bills are increasing, talent flight as more people leaving formal jobs, there is increasing trade war between United States & China, central banks are concerned over increasing inflation, cloud computing is disrupting traditional business models,
banking and financial system is disrupted by Bitcoin and other crypto currencies, increasing inequality as vast percentage of new income is going to the top 1%, etc
Introduction to SWOT Analysis of Voya Asia Pacific High Div Equityom
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Voya Asia Pacific High Div Equityom can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Voya Asia Pacific High Div Equityom, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom can be done for the following purposes –
1. Strategic planning of Voya Asia Pacific High Div Equityom
2. Improving business portfolio management of Voya Asia Pacific High Div Equityom
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 Voya Asia Pacific High Div Equityom
Strengths of Voya Asia Pacific High Div Equityom | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Voya Asia Pacific High Div Equityom are -
Strong track record of project management in the Misc. Financial Services industry
– Voya Asia Pacific High Div Equityom is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Organizational Resilience of Voya Asia Pacific High Div Equityom
– The covid-19 pandemic has put organizational resilience at the centre of everthing Voya Asia Pacific High Div Equityom does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Diverse revenue streams
– Voya Asia Pacific High Div Equityom is present in almost all the verticals within the Misc. Financial Services industry. This has provided Voya Asia Pacific High Div Equityom 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.
Digital Transformation in Misc. Financial Services industry
- digital transformation varies from industry to industry. For Voya Asia Pacific High Div Equityom digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Voya Asia Pacific High Div Equityom 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.
Highly skilled collaborators
– Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom have helped the firm to develop new products and bring them quickly to the marketplace.
Low bargaining power of suppliers
– Suppliers of Voya Asia Pacific High Div Equityom in the Financial sector have low bargaining power. Voya Asia Pacific High Div Equityom has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Voya Asia Pacific High Div Equityom to manage not only supply disruptions but also source products at highly competitive prices.
Innovation driven organization
– Voya Asia Pacific High Div Equityom is one of the most innovative firm in Misc. Financial Services sector.
Sustainable margins compare to other players in Misc. Financial Services industry
– Voya Asia Pacific High Div Equityom has clearly differentiated products in the market place. This has enabled Voya Asia Pacific High Div Equityom to fetch slight price premium compare to the competitors in the Misc. Financial Services industry. The sustainable margins have also helped Voya Asia Pacific High Div Equityom to invest into research and development (R&D) and innovation.
High switching costs
– The high switching costs that Voya Asia Pacific High Div Equityom 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.
Operational resilience
– The operational resilience strategy of Voya Asia Pacific High Div Equityom comprises – understanding the underlying the factors in the Misc. Financial Services 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.
Effective Research and Development (R&D)
– Voya Asia Pacific High Div Equityom has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Voya Asia Pacific High Div Equityom staying ahead in the Misc. Financial Services industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Superior customer experience
– The customer experience strategy of Voya Asia Pacific High Div Equityom in Misc. Financial Services industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Weaknesses of Voya Asia Pacific High Div Equityom | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Voya Asia Pacific High Div Equityom are -
Compensation and incentives
– The revenue per employee of Voya Asia Pacific High Div Equityom 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.
High bargaining power of channel partners in Misc. Financial Services industry
– because of the regulatory requirements in United States, Voya Asia Pacific High Div Equityom 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.
Low market penetration in new markets
– Outside its home market of United States, Voya Asia Pacific High Div Equityom needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Slow to strategic competitive environment developments
– As Voya Asia Pacific High Div Equityom is one of the leading players in the Misc. Financial Services industry, it takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the Misc. Financial Services industry in last five years.
High dependence on Voya Asia Pacific High Div Equityom ‘s star products
– The top 2 products and services of Voya Asia Pacific High Div Equityom still accounts for major business revenue. This dependence on star products in Misc. Financial Services industry has resulted into insufficient focus on developing new products, even though Voya Asia Pacific High Div Equityom has relatively successful track record of launching new products.
Employees’ less understanding of Voya Asia Pacific High Div Equityom strategy
– From the outside it seems that the employees of Voya Asia Pacific High Div Equityom 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.
Products dominated business model
– Even though Voya Asia Pacific High Div Equityom 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. Voya Asia Pacific High Div Equityom should strive to include more intangible value offerings along with its core products and services.
Aligning sales with marketing
– From the outside it seems that Voya Asia Pacific High Div Equityom needs to have more collaboration between its sales team and marketing team. Sales professionals in the Misc. Financial Services industry have deep experience in developing customer relationships. Marketing department at Voya Asia Pacific High Div Equityom can leverage the sales team experience to cultivate customer relationships as Voya Asia Pacific High Div Equityom is planning to shift buying processes online.
Workers concerns about automation
– As automation is fast increasing in the Misc. Financial Services industry, Voya Asia Pacific High Div Equityom 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.
Lack of clear differentiation of Voya Asia Pacific High Div Equityom products
– To increase the profitability and margins on the products, Voya Asia Pacific High Div Equityom needs to provide more differentiated products than what it is currently offering in the marketplace.
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 Voya Asia Pacific High Div Equityom supply chain. Even after few cautionary changes, Voya Asia Pacific High Div Equityom is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Voya Asia Pacific High Div Equityom vulnerable to further global disruptions in South East Asia.
Voya Asia Pacific High Div Equityom Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Voya Asia Pacific High Div Equityom are -
Low interest rates
– Even though inflation is raising its head in most developed economies, Voya Asia Pacific High Div Equityom can still utilize the low interest rates to borrow money for capital investment. Secondly it can also use the increase of government spending in infrastructure projects to get new business.
Developing new processes and practices
– Voya Asia Pacific High Div Equityom 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom to hire the very best people irrespective of their geographical location.
Building a culture of innovation
– managers at Voya Asia Pacific High Div Equityom 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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Voya Asia Pacific High Div Equityom in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Misc. Financial Services industry, and it will provide faster access to the consumers.
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. Voya Asia Pacific High Div Equityom 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. Voya Asia Pacific High Div Equityom 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.
Manufacturing automation
– Voya Asia Pacific High Div Equityom can use the latest technology developments to improve its manufacturing and designing process in Misc. Financial Services 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.
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 Voya Asia Pacific High Div Equityom in the Misc. Financial Services industry. Now Voya Asia Pacific High Div Equityom can target international markets with far fewer capital restrictions requirements than the existing system.
Buying journey improvements
– Voya Asia Pacific High Div Equityom can improve the customer journey of consumers in the Misc. Financial Services 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.
Creating value in data economy
– The success of analytics program of Voya Asia Pacific High Div Equityom has opened avenues for new revenue streams for the organization in Misc. Financial Services industry. This can help Voya Asia Pacific High Div Equityom to build a more holistic ecosystem for Voya Asia Pacific High Div Equityom products in the Misc. Financial Services industry by providing – data insight services, data privacy related products, data based consulting services, etc.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Misc. Financial Services industry, but it has also influenced the consumer preferences. Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom 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.
Threats Voya Asia Pacific High Div Equityom External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Voya Asia Pacific High Div Equityom are -
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, Voya Asia Pacific High Div Equityom 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.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry to Misc. Financial Services industry are lowering. It can presents Voya Asia Pacific High Div Equityom with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the Misc. Financial Services sector.
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. Voya Asia Pacific High Div Equityom 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.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom prominent markets.
Increasing wage structure of Voya Asia Pacific High Div Equityom
– 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 Voya Asia Pacific High Div Equityom.
Easy access to finance
– Easy access to finance in Misc. Financial Services industry will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Voya Asia Pacific High Div Equityom can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Shortening product life cycle
– it is one of the major threat that Voya Asia Pacific High Div Equityom is facing in Misc. Financial Services sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Voya Asia Pacific High Div Equityom 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.
Consumer confidence and its impact on Voya Asia Pacific High Div Equityom 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.
Regulatory challenges
– Voya Asia Pacific High Div Equityom 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.
High dependence on third party suppliers
– Voya Asia Pacific High Div Equityom 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.
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.
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 Voya Asia Pacific High Div Equityom in the Misc. Financial Services sector and impact the bottomline of the organization.
Weighted SWOT Analysis of Voya Asia Pacific High Div Equityom Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom 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 Voya Asia Pacific High Div Equityom needs to make to build a sustainable competitive advantage.
