S Goldleaf Jewel A (587) SWOT Analysis / TOWS Matrix / MBA Resources
Jewelry & Silverware
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for S Goldleaf Jewel A (China)
Based on various researches at Oak Spring University , S Goldleaf Jewel A is operating in a macro-environment that has been destablized by – banking and financial system is disrupted by Bitcoin and other crypto currencies, increasing energy prices, competitive advantages are harder to sustain because of technology dispersion, increasing transportation and logistics costs, there is increasing trade war between United States & China, supply chains are disrupted by pandemic , geopolitical disruptions,
talent flight as more people leaving formal jobs, customer relationship management is fast transforming because of increasing concerns over data privacy, etc
Introduction to SWOT Analysis of S Goldleaf Jewel A
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that S Goldleaf Jewel A can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the S Goldleaf Jewel A, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which S Goldleaf Jewel A 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 S Goldleaf Jewel A can be done for the following purposes –
1. Strategic planning of S Goldleaf Jewel A
2. Improving business portfolio management of S Goldleaf Jewel A
3. Assessing feasibility of the new initiative in China
4. Making a Jewelry & Silverware sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of S Goldleaf Jewel A
Strengths of S Goldleaf Jewel A | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of S Goldleaf Jewel A are -
Organizational Resilience of S Goldleaf Jewel A
– The covid-19 pandemic has put organizational resilience at the centre of everthing S Goldleaf Jewel A does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Learning organization
- S Goldleaf Jewel A 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 S Goldleaf Jewel A is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders at S Goldleaf Jewel A emphasize – knowledge, initiative, and innovation.
Innovation driven organization
– S Goldleaf Jewel A is one of the most innovative firm in Jewelry & Silverware sector.
Operational resilience
– The operational resilience strategy of S Goldleaf Jewel A comprises – understanding the underlying the factors in the Jewelry & Silverware 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.
Superior customer experience
– The customer experience strategy of S Goldleaf Jewel A in Jewelry & Silverware 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 Jewelry & Silverware industry
– S Goldleaf Jewel A is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Low bargaining power of suppliers
– Suppliers of S Goldleaf Jewel A in the Consumer Cyclical sector have low bargaining power. S Goldleaf Jewel A has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps S Goldleaf Jewel A to manage not only supply disruptions but also source products at highly competitive prices.
Training and development
– S Goldleaf Jewel A has one of the best training and development program in Consumer Cyclical 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.
Successful track record of launching new products
– S Goldleaf Jewel A has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. S Goldleaf Jewel A 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.
Analytics focus
– S Goldleaf Jewel A 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 Jewelry & Silverware industry. The technology infrastructure of China 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.
Cross disciplinary teams
– Horizontal connected teams at the S Goldleaf Jewel A 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.
Sustainable margins compare to other players in Jewelry & Silverware industry
– S Goldleaf Jewel A has clearly differentiated products in the market place. This has enabled S Goldleaf Jewel A to fetch slight price premium compare to the competitors in the Jewelry & Silverware industry. The sustainable margins have also helped S Goldleaf Jewel A to invest into research and development (R&D) and innovation.
Weaknesses of S Goldleaf Jewel A | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of S Goldleaf Jewel A are -
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, S Goldleaf Jewel A is slow explore the new channels of communication. These new channels of communication can help S Goldleaf Jewel A to provide better information regarding Jewelry & Silverware products and services. It can also build an online community to further reach out to potential customers.
Slow to strategic competitive environment developments
– As S Goldleaf Jewel A is one of the leading players in the Jewelry & Silverware industry, it takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the Jewelry & Silverware industry in last five years.
Products dominated business model
– Even though S Goldleaf Jewel A has some of the most successful models in the Jewelry & Silverware industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. S Goldleaf Jewel A should strive to include more intangible value offerings along with its core products and services.
Need for greater diversity
– S Goldleaf Jewel A 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.
High bargaining power of channel partners in Jewelry & Silverware industry
– because of the regulatory requirements in China, S Goldleaf Jewel A 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 Jewelry & Silverware industry.
Low market penetration in new markets
– Outside its home market of China, S Goldleaf Jewel A needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
High dependence on S Goldleaf Jewel A ‘s star products
– The top 2 products and services of S Goldleaf Jewel A still accounts for major business revenue. This dependence on star products in Jewelry & Silverware industry has resulted into insufficient focus on developing new products, even though S Goldleaf Jewel A has relatively successful track record of launching new products.
Increasing silos among functional specialists
– The organizational structure of S Goldleaf Jewel A is dominated by functional specialists. It is not different from other players in the Jewelry & Silverware industry, but S Goldleaf Jewel A needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help S Goldleaf Jewel A to focus more on services in the Jewelry & Silverware industry rather than just following the product oriented approach.
Slow decision making process
– As mentioned earlier in the report, S Goldleaf Jewel A has a very deliberative decision making approach. This approach has resulted in prudent decisions, but it has also resulted in missing opportunities in the Jewelry & Silverware industry over the last five years. S Goldleaf Jewel A 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.
Ability to respond to the competition
– As the decision making is very deliberative at S Goldleaf Jewel A, in the dynamic environment of Jewelry & Silverware industry it has struggled to respond to the nimble upstart competition. S Goldleaf Jewel A has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Workers concerns about automation
– As automation is fast increasing in the Jewelry & Silverware industry, S Goldleaf Jewel A 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.
S Goldleaf Jewel A Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of S Goldleaf Jewel A are -
Redefining models of collaboration and team work
– As explained in the weaknesses section, S Goldleaf Jewel A is facing challenges because of the dominance of functional experts in the organization. S Goldleaf Jewel A can utilize new technology in the field of Jewelry & Silverware industry to build more coordinated teams and streamline operations and communications using tools such as CAD, Zoom, etc.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects S Goldleaf Jewel A can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
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. S Goldleaf Jewel A can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Leveraging digital technologies
– S Goldleaf Jewel A 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.
Creating value in data economy
– The success of analytics program of S Goldleaf Jewel A has opened avenues for new revenue streams for the organization in Jewelry & Silverware industry. This can help S Goldleaf Jewel A to build a more holistic ecosystem for S Goldleaf Jewel A products in the Jewelry & Silverware industry by providing – data insight services, data privacy related products, data based consulting services, etc.
Better consumer reach
– The expansion of the 5G network will help S Goldleaf Jewel A to increase its market reach. S Goldleaf Jewel A 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.
Manufacturing automation
– S Goldleaf Jewel A can use the latest technology developments to improve its manufacturing and designing process in Jewelry & Silverware 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.
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 S Goldleaf Jewel A 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.
Changes in consumer behavior post Covid-19
– consumer behavior has changed in the Jewelry & Silverware industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. S Goldleaf Jewel A 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. S Goldleaf Jewel A 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.
Low interest rates
– Even though inflation is raising its head in most developed economies, S Goldleaf Jewel A 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.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Jewelry & Silverware industry, but it has also influenced the consumer preferences. S Goldleaf Jewel A can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, S Goldleaf Jewel A can use these opportunities to build new business models that can help the communities that S Goldleaf Jewel A operates in. Secondly it can use opportunities from government spending in Jewelry & Silverware sector.
Using analytics as competitive advantage
– S Goldleaf Jewel A has spent a significant amount of money and effort to integrate analytics and machine learning into its operations in Jewelry & Silverware sector. This continuous investment in analytics has enabled S Goldleaf Jewel A to build a competitive advantage using analytics. The analytics driven competitive advantage can help S Goldleaf Jewel A to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
Threats S Goldleaf Jewel A External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of S Goldleaf Jewel A are -
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.
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. S Goldleaf Jewel A needs to understand the core reasons impacting the Jewelry & Silverware industry. This will help it in building a better workplace.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, S Goldleaf Jewel A 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 S Goldleaf Jewel A prominent markets.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry to Jewelry & Silverware industry are lowering. It can presents S Goldleaf Jewel A with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the Jewelry & Silverware sector.
Consumer confidence and its impact on S Goldleaf Jewel A 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 Jewelry & Silverware industry and other sectors.
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 S Goldleaf Jewel A.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, S Goldleaf Jewel A may face longer learning curve for training and development of existing employees. This can open space for more nimble competitors in the field of Jewelry & Silverware sector.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for S Goldleaf Jewel A in Jewelry & Silverware industry. The Jewelry & Silverware 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.
Easy access to finance
– Easy access to finance in Jewelry & Silverware industry will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. S Goldleaf Jewel A can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
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 S Goldleaf Jewel A business can come under increasing regulations regarding data privacy, data security, 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. S Goldleaf Jewel A 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.
Shortening product life cycle
– it is one of the major threat that S Goldleaf Jewel A is facing in Jewelry & Silverware sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
Technology acceleration in Forth Industrial Revolution
– S Goldleaf Jewel A has witnessed rapid integration of technology during Covid-19 in the Jewelry & Silverware industry. As one of the leading players in the industry, S Goldleaf Jewel A needs to keep up with the evolution of technology in the Jewelry & Silverware 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 S Goldleaf Jewel A Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at S Goldleaf Jewel A 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 S Goldleaf Jewel A 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 S Goldleaf Jewel A 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 S Goldleaf Jewel A 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 S Goldleaf Jewel A needs to make to build a sustainable competitive advantage.