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 – supply chains are disrupted by pandemic , challanges to central banks by blockchain based private currencies, digital marketing is dominated by two big players Facebook and Google, competitive advantages are harder to sustain because of technology dispersion, increasing government debt because of Covid-19 spendings, there is increasing trade war between United States & China, customer relationship management is fast transforming because of increasing concerns over data privacy,
cloud computing is disrupting traditional business models, increasing commodity prices, 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 -
Innovation driven organization
– S Goldleaf Jewel A is one of the most innovative firm in Jewelry & Silverware sector.
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.
Highly skilled collaborators
– S Goldleaf Jewel A has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive Jewelry & Silverware industry. Secondly the value chain collaborators of S Goldleaf Jewel A have helped the firm to develop new products and bring them quickly to the marketplace.
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.
Digital Transformation in Jewelry & Silverware industry
- digital transformation varies from industry to industry. For S Goldleaf Jewel A digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. S Goldleaf Jewel A 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.
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.
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.
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.
Ability to recruit top talent
– S Goldleaf Jewel A is one of the leading players in the Jewelry & Silverware industry in China. It is in a position to attract the best talent available in China. The firm has a robust talent identification program that helps in identifying the brightest.
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.
High brand equity
– S Goldleaf Jewel A has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled S Goldleaf Jewel A to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
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.
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 -
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 S Goldleaf Jewel A supply chain. Even after few cautionary changes, S Goldleaf Jewel A is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left S Goldleaf Jewel A vulnerable to further global disruptions in South East Asia.
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.
High cash cycle compare to competitors
S Goldleaf Jewel A has a high cash cycle compare to other players in the Jewelry & Silverware industry. It needs to shorten the cash cycle by 12% to be more competitive in the marketplace, reduce inventory costs, and be more profitable.
Employees’ less understanding of S Goldleaf Jewel A strategy
– From the outside it seems that the employees of S Goldleaf Jewel A 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, S Goldleaf Jewel A 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 Jewelry & Silverware industry using digital technology.
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.
High operating costs
– Compare to the competitors, S Goldleaf Jewel A has high operating costs in the Jewelry & Silverware industry. This can be harder to sustain given the new emerging competition from nimble players who are using technology to attract S Goldleaf Jewel A lucrative customers.
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.
Compensation and incentives
– The revenue per employee of S Goldleaf Jewel A is just above the Jewelry & Silverware 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.
Lack of clear differentiation of S Goldleaf Jewel A products
– To increase the profitability and margins on the products, S Goldleaf Jewel A needs to provide more differentiated products than what it is currently offering in the marketplace.
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.
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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for S Goldleaf Jewel A 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 S Goldleaf Jewel A to hire the very best people irrespective of their geographical location.
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.
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.
Lowering marketing communication costs
– 5G expansion will open new opportunities for S Goldleaf Jewel A in the field of marketing communication. It will bring down the cost of doing business, provide technology platform to build new products in the Jewelry & Silverware industry, and it will provide faster access to the consumers.
Use of Bitcoin and other crypto currencies for transactions in Jewelry & Silverware industry
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for S Goldleaf Jewel A in the Jewelry & Silverware industry. Now S Goldleaf Jewel A can target international markets with far fewer capital restrictions requirements than the existing system.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, S Goldleaf Jewel A 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 S Goldleaf Jewel A 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
– 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.
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.
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.
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.
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.
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 -
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.
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 S Goldleaf Jewel A in the Jewelry & Silverware sector and impact the bottomline of the organization.
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.
High dependence on third party suppliers
– S Goldleaf Jewel A 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.
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.
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.
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.
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.
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.
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.
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.
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.
Environmental challenges
– S Goldleaf Jewel A 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. S Goldleaf Jewel A can take advantage of this fund but it will also bring new competitors in the Jewelry & Silverware industry.
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.