Based on various researches at Oak Spring University , MainStay DefinedTerm Muni Opportun is operating in a macro-environment that has been destablized by – wage bills are increasing, geopolitical disruptions, increasing government debt because of Covid-19 spendings, increasing household debt because of falling income levels, customer relationship management is fast transforming because of increasing concerns over data privacy, there is backlash against globalization, challanges to central banks by blockchain based private currencies,
technology disruption, supply chains are disrupted by pandemic , etc
Introduction to SWOT Analysis of MainStay DefinedTerm Muni Opportun
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that MainStay DefinedTerm Muni Opportun can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the MainStay DefinedTerm Muni Opportun, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which MainStay DefinedTerm Muni Opportun 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 MainStay DefinedTerm Muni Opportun can be done for the following purposes –
1. Strategic planning of MainStay DefinedTerm Muni Opportun
2. Improving business portfolio management of MainStay DefinedTerm Muni Opportun
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 MainStay DefinedTerm Muni Opportun
Strengths of MainStay DefinedTerm Muni Opportun | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of MainStay DefinedTerm Muni Opportun are -
High switching costs
– The high switching costs that MainStay DefinedTerm Muni Opportun 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.
Sustainable margins compare to other players in Misc. Financial Services industry
– MainStay DefinedTerm Muni Opportun has clearly differentiated products in the market place. This has enabled MainStay DefinedTerm Muni Opportun to fetch slight price premium compare to the competitors in the Misc. Financial Services industry. The sustainable margins have also helped MainStay DefinedTerm Muni Opportun to invest into research and development (R&D) and innovation.
Superior customer experience
– The customer experience strategy of MainStay DefinedTerm Muni Opportun in Misc. Financial Services industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Successful track record of launching new products
– MainStay DefinedTerm Muni Opportun has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. MainStay DefinedTerm Muni Opportun has effective processes in place that helps in exploring new product needs, doing quick pilot testing, and then launching the products quickly using its extensive distribution network.
Ability to lead change in Misc. Financial Services
– MainStay DefinedTerm Muni Opportun is one of the leading players in the Misc. Financial Services industry in United States. Over the years it has not only transformed the business landscape in the Misc. Financial Services industry in United States but also across the existing markets. The ability to lead change has enabled MainStay DefinedTerm Muni Opportun in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Cross disciplinary teams
– Horizontal connected teams at the MainStay DefinedTerm Muni Opportun 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.
High brand equity
– MainStay DefinedTerm Muni Opportun has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled MainStay DefinedTerm Muni Opportun to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Strong track record of project management in the Misc. Financial Services industry
– MainStay DefinedTerm Muni Opportun is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Effective Research and Development (R&D)
– MainStay DefinedTerm Muni Opportun has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – MainStay DefinedTerm Muni Opportun 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.
Analytics focus
– MainStay DefinedTerm Muni Opportun 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 Misc. Financial Services 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.
Ability to recruit top talent
– MainStay DefinedTerm Muni Opportun 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.
Organizational Resilience of MainStay DefinedTerm Muni Opportun
– The covid-19 pandemic has put organizational resilience at the centre of everthing MainStay DefinedTerm Muni Opportun does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Weaknesses of MainStay DefinedTerm Muni Opportun | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of MainStay DefinedTerm Muni Opportun are -
Workers concerns about automation
– As automation is fast increasing in the Misc. Financial Services industry, MainStay DefinedTerm Muni Opportun 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.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, MainStay DefinedTerm Muni Opportun is slow explore the new channels of communication. These new channels of communication can help MainStay DefinedTerm Muni Opportun 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.
Interest costs
– Compare to the competition, MainStay DefinedTerm Muni Opportun has borrowed money from the capital market at higher rates. It needs to restructure the interest payment and costs so that it can compete better and improve profitability.
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 MainStay DefinedTerm Muni Opportun supply chain. Even after few cautionary changes, MainStay DefinedTerm Muni Opportun is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left MainStay DefinedTerm Muni Opportun vulnerable to further global disruptions in South East Asia.
High bargaining power of channel partners in Misc. Financial Services industry
– because of the regulatory requirements in United States, MainStay DefinedTerm Muni Opportun 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.
No frontier risks strategy
– From the 10K / annual statement of MainStay DefinedTerm Muni Opportun, 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.
Low market penetration in new markets
– Outside its home market of United States, MainStay DefinedTerm Muni Opportun needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Compensation and incentives
– The revenue per employee of MainStay DefinedTerm Muni Opportun 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.
Employees’ less understanding of MainStay DefinedTerm Muni Opportun strategy
– From the outside it seems that the employees of MainStay DefinedTerm Muni Opportun 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.
Lack of clear differentiation of MainStay DefinedTerm Muni Opportun products
– To increase the profitability and margins on the products, MainStay DefinedTerm Muni Opportun needs to provide more differentiated products than what it is currently offering in the marketplace.
Increasing silos among functional specialists
– The organizational structure of MainStay DefinedTerm Muni Opportun is dominated by functional specialists. It is not different from other players in the Misc. Financial Services industry, but MainStay DefinedTerm Muni Opportun needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help MainStay DefinedTerm Muni Opportun to focus more on services in the Misc. Financial Services industry rather than just following the product oriented approach.
MainStay DefinedTerm Muni Opportun Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of MainStay DefinedTerm Muni Opportun are -
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 MainStay DefinedTerm Muni Opportun in the Misc. Financial Services industry. Now MainStay DefinedTerm Muni Opportun can target international markets with far fewer capital restrictions requirements than the existing system.
Developing new processes and practices
– MainStay DefinedTerm Muni Opportun 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.
Redefining models of collaboration and team work
– As explained in the weaknesses section, MainStay DefinedTerm Muni Opportun is facing challenges because of the dominance of functional experts in the organization. MainStay DefinedTerm Muni Opportun 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.
Creating value in data economy
– The success of analytics program of MainStay DefinedTerm Muni Opportun has opened avenues for new revenue streams for the organization in Misc. Financial Services industry. This can help MainStay DefinedTerm Muni Opportun to build a more holistic ecosystem for MainStay DefinedTerm Muni Opportun products in the Misc. Financial Services industry by providing – data insight services, data privacy related products, data based consulting services, etc.
Loyalty marketing
– MainStay DefinedTerm Muni Opportun 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.
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. MainStay DefinedTerm Muni Opportun can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Manufacturing automation
– MainStay DefinedTerm Muni Opportun 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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, MainStay DefinedTerm Muni Opportun can use these opportunities to build new business models that can help the communities that MainStay DefinedTerm Muni Opportun operates in. Secondly it can use opportunities from government spending in Misc. Financial Services sector.
Buying journey improvements
– MainStay DefinedTerm Muni Opportun 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects MainStay DefinedTerm Muni Opportun 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, MainStay DefinedTerm Muni Opportun 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 MainStay DefinedTerm Muni Opportun to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Using analytics as competitive advantage
– MainStay DefinedTerm Muni Opportun 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 MainStay DefinedTerm Muni Opportun to build a competitive advantage using analytics. The analytics driven competitive advantage can help MainStay DefinedTerm Muni Opportun to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Leveraging digital technologies
– MainStay DefinedTerm Muni Opportun 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.
Threats MainStay DefinedTerm Muni Opportun External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of MainStay DefinedTerm Muni Opportun are -
Regulatory challenges
– MainStay DefinedTerm Muni Opportun 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 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 MainStay DefinedTerm Muni Opportun is facing in Misc. Financial Services sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, MainStay DefinedTerm Muni Opportun 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.
Increasing wage structure of MainStay DefinedTerm Muni Opportun
– 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 MainStay DefinedTerm Muni Opportun.
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 MainStay DefinedTerm Muni Opportun in the Misc. Financial Services 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.
Consumer confidence and its impact on MainStay DefinedTerm Muni Opportun 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.
High dependence on third party suppliers
– MainStay DefinedTerm Muni Opportun 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.
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 MainStay DefinedTerm Muni Opportun business can come under increasing regulations regarding data privacy, data security, etc.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, MainStay DefinedTerm Muni Opportun 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 MainStay DefinedTerm Muni Opportun prominent markets.
Technology acceleration in Forth Industrial Revolution
– MainStay DefinedTerm Muni Opportun has witnessed rapid integration of technology during Covid-19 in the Misc. Financial Services industry. As one of the leading players in the industry, MainStay DefinedTerm Muni Opportun 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.
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. MainStay DefinedTerm Muni Opportun needs to understand the core reasons impacting the Misc. Financial Services industry. This will help it in building a better workplace.
Weighted SWOT Analysis of MainStay DefinedTerm Muni Opportun Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at MainStay DefinedTerm Muni Opportun 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 MainStay DefinedTerm Muni Opportun 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 MainStay DefinedTerm Muni Opportun 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 MainStay DefinedTerm Muni Opportun 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 MainStay DefinedTerm Muni Opportun needs to make to build a sustainable competitive advantage.
