Hubei Broadcasting And Tv Info A (665) SWOT Analysis / TOWS Matrix / MBA Resources
Broadcasting & Cable TV
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for Hubei Broadcasting And Tv Info A (China)
Based on various researches at Oak Spring University , Hubei Broadcasting And Tv Info A is operating in a macro-environment that has been destablized by – there is backlash against globalization, technology disruption, there is increasing trade war between United States & China, cloud computing is disrupting traditional business models, increasing commodity prices, customer relationship management is fast transforming because of increasing concerns over data privacy, talent flight as more people leaving formal jobs,
increasing household debt because of falling income levels, wage bills are increasing, etc
Introduction to SWOT Analysis of Hubei Broadcasting And Tv Info A
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Hubei Broadcasting And Tv Info A can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Hubei Broadcasting And Tv Info A, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Hubei Broadcasting And Tv Info 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 Hubei Broadcasting And Tv Info A can be done for the following purposes –
1. Strategic planning of Hubei Broadcasting And Tv Info A
2. Improving business portfolio management of Hubei Broadcasting And Tv Info A
3. Assessing feasibility of the new initiative in China
4. Making a Broadcasting & Cable TV sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of Hubei Broadcasting And Tv Info A
Strengths of Hubei Broadcasting And Tv Info A | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Hubei Broadcasting And Tv Info A are -
Effective Research and Development (R&D)
– Hubei Broadcasting And Tv Info A has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Hubei Broadcasting And Tv Info A staying ahead in the Broadcasting & Cable TV industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
High brand equity
– Hubei Broadcasting And Tv Info A has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Hubei Broadcasting And Tv Info A to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Digital Transformation in Broadcasting & Cable TV industry
- digital transformation varies from industry to industry. For Hubei Broadcasting And Tv Info A digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Hubei Broadcasting And Tv Info 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.
High switching costs
– The high switching costs that Hubei Broadcasting And Tv Info A has built up over years in its products and services combo offer has resulted in high retention of customers, lower marketing costs, and greater ability of the firm to focus on its customers.
Learning organization
- Hubei Broadcasting And Tv Info 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 Hubei Broadcasting And Tv Info A is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders at Hubei Broadcasting And Tv Info A emphasize – knowledge, initiative, and innovation.
Low bargaining power of suppliers
– Suppliers of Hubei Broadcasting And Tv Info A in the Services sector have low bargaining power. Hubei Broadcasting And Tv Info A has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Hubei Broadcasting And Tv Info A to manage not only supply disruptions but also source products at highly competitive prices.
Highly skilled collaborators
– Hubei Broadcasting And Tv Info A has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive Broadcasting & Cable TV industry. Secondly the value chain collaborators of Hubei Broadcasting And Tv Info A have helped the firm to develop new products and bring them quickly to the marketplace.
Cross disciplinary teams
– Horizontal connected teams at the Hubei Broadcasting And Tv Info 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.
Superior customer experience
– The customer experience strategy of Hubei Broadcasting And Tv Info A in Broadcasting & Cable TV industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
Innovation driven organization
– Hubei Broadcasting And Tv Info A is one of the most innovative firm in Broadcasting & Cable TV sector.
Analytics focus
– Hubei Broadcasting And Tv Info 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 Broadcasting & Cable TV 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.
Sustainable margins compare to other players in Broadcasting & Cable TV industry
– Hubei Broadcasting And Tv Info A has clearly differentiated products in the market place. This has enabled Hubei Broadcasting And Tv Info A to fetch slight price premium compare to the competitors in the Broadcasting & Cable TV industry. The sustainable margins have also helped Hubei Broadcasting And Tv Info A to invest into research and development (R&D) and innovation.
Weaknesses of Hubei Broadcasting And Tv Info A | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Hubei Broadcasting And Tv Info A are -
Products dominated business model
– Even though Hubei Broadcasting And Tv Info A has some of the most successful models in the Broadcasting & Cable TV industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. Hubei Broadcasting And Tv Info A should strive to include more intangible value offerings along with its core products and services.
Interest costs
– Compare to the competition, Hubei Broadcasting And Tv Info A 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.
Slow decision making process
– As mentioned earlier in the report, Hubei Broadcasting And Tv Info 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 Broadcasting & Cable TV industry over the last five years. Hubei Broadcasting And Tv Info 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.
Workers concerns about automation
– As automation is fast increasing in the Broadcasting & Cable TV industry, Hubei Broadcasting And Tv Info 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.
No frontier risks strategy
– From the 10K / annual statement of Hubei Broadcasting And Tv Info A, it seems that company is thinking out the frontier risks that can impact Broadcasting & Cable TV 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.
Compensation and incentives
– The revenue per employee of Hubei Broadcasting And Tv Info A is just above the Broadcasting & Cable TV 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.
Increasing silos among functional specialists
– The organizational structure of Hubei Broadcasting And Tv Info A is dominated by functional specialists. It is not different from other players in the Broadcasting & Cable TV industry, but Hubei Broadcasting And Tv Info A needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Hubei Broadcasting And Tv Info A to focus more on services in the Broadcasting & Cable TV industry rather than just following the product oriented approach.
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 Hubei Broadcasting And Tv Info A supply chain. Even after few cautionary changes, Hubei Broadcasting And Tv Info A is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Hubei Broadcasting And Tv Info A vulnerable to further global disruptions in South East Asia.
Lack of clear differentiation of Hubei Broadcasting And Tv Info A products
– To increase the profitability and margins on the products, Hubei Broadcasting And Tv Info A needs to provide more differentiated products than what it is currently offering in the marketplace.
High dependence on Hubei Broadcasting And Tv Info A ‘s star products
– The top 2 products and services of Hubei Broadcasting And Tv Info A still accounts for major business revenue. This dependence on star products in Broadcasting & Cable TV industry has resulted into insufficient focus on developing new products, even though Hubei Broadcasting And Tv Info A has relatively successful track record of launching new products.
Ability to respond to the competition
– As the decision making is very deliberative at Hubei Broadcasting And Tv Info A, in the dynamic environment of Broadcasting & Cable TV industry it has struggled to respond to the nimble upstart competition. Hubei Broadcasting And Tv Info A has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Hubei Broadcasting And Tv Info A Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Hubei Broadcasting And Tv Info A are -
Changes in consumer behavior post Covid-19
– consumer behavior has changed in the Broadcasting & Cable TV industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Hubei Broadcasting And Tv Info 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. Hubei Broadcasting And Tv Info 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.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Hubei Broadcasting And Tv Info 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 Hubei Broadcasting And Tv Info A to hire the very best people irrespective of their geographical location.
Loyalty marketing
– Hubei Broadcasting And Tv Info A 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.
Leveraging digital technologies
– Hubei Broadcasting And Tv Info 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.
Better consumer reach
– The expansion of the 5G network will help Hubei Broadcasting And Tv Info A to increase its market reach. Hubei Broadcasting And Tv Info 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Hubei Broadcasting And Tv Info A 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, Hubei Broadcasting And Tv Info 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 Hubei Broadcasting And Tv Info 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.
Learning at scale
– Online learning technologies has now opened space for Hubei Broadcasting And Tv Info A to conduct training and development for its employees across the world. This will result in not only reducing the cost of training but also help employees in different part of the world to integrate with the headquarter work culture, ethos, and standards.
Building a culture of innovation
– managers at Hubei Broadcasting And Tv Info A 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 Broadcasting & Cable TV industry.
Developing new processes and practices
– Hubei Broadcasting And Tv Info A can develop new processes and procedures in Broadcasting & Cable TV 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.
Buying journey improvements
– Hubei Broadcasting And Tv Info A can improve the customer journey of consumers in the Broadcasting & Cable TV 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.
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 Hubei Broadcasting And Tv Info 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.
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. Hubei Broadcasting And Tv Info A can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Threats Hubei Broadcasting And Tv Info A External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Hubei Broadcasting And Tv Info A are -
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Hubei Broadcasting And Tv Info 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 Hubei Broadcasting And Tv Info A prominent markets.
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.
Easy access to finance
– Easy access to finance in Broadcasting & Cable TV industry will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Hubei Broadcasting And Tv Info A can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Environmental challenges
– Hubei Broadcasting And Tv Info 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. Hubei Broadcasting And Tv Info A can take advantage of this fund but it will also bring new competitors in the Broadcasting & Cable TV industry.
Consumer confidence and its impact on Hubei Broadcasting And Tv Info 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 Broadcasting & Cable TV industry and other sectors.
Regulatory challenges
– Hubei Broadcasting And Tv Info A 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 Broadcasting & Cable TV industry regulations.
Shortening product life cycle
– it is one of the major threat that Hubei Broadcasting And Tv Info A is facing in Broadcasting & Cable TV 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 Hubei Broadcasting And Tv Info A business can come under increasing regulations regarding data privacy, data security, etc.
Increasing wage structure of Hubei Broadcasting And Tv Info A
– 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 Hubei Broadcasting And Tv Info A.
Stagnating economy with rate increase
– Hubei Broadcasting And Tv Info A can face lack of demand in the market place because of Fed actions to reduce inflation. This can lead to sluggish growth in the economy, lower demands, lower investments, higher borrowing costs, and consolidation in the Broadcasting & Cable TV industry.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, Hubei Broadcasting And Tv Info 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 Broadcasting & Cable TV sector.
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.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Hubei Broadcasting And Tv Info A in Broadcasting & Cable TV industry. The Broadcasting & Cable TV 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.
Weighted SWOT Analysis of Hubei Broadcasting And Tv Info A Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Hubei Broadcasting And Tv Info 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 Hubei Broadcasting And Tv Info 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 Hubei Broadcasting And Tv Info 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 Hubei Broadcasting And Tv Info 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 Hubei Broadcasting And Tv Info A needs to make to build a sustainable competitive advantage.
