Harbin Elc Cop Jiamusi Elc Mac A (922) SWOT Analysis / TOWS Matrix / MBA Resources
Electronic Instr. & Controls
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for Harbin Elc Cop Jiamusi Elc Mac A (China)
Based on various researches at Oak Spring University , Harbin Elc Cop Jiamusi Elc Mac A is operating in a macro-environment that has been destablized by – central banks are concerned over increasing inflation, competitive advantages are harder to sustain because of technology dispersion, increasing household debt because of falling income levels, there is increasing trade war between United States & China, technology disruption, talent flight as more people leaving formal jobs, increasing transportation and logistics costs,
wage bills are increasing, increasing inequality as vast percentage of new income is going to the top 1%, etc
Introduction to SWOT Analysis of Harbin Elc Cop Jiamusi Elc Mac A
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Harbin Elc Cop Jiamusi Elc Mac A can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Harbin Elc Cop Jiamusi Elc Mac A, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac A can be done for the following purposes –
1. Strategic planning of Harbin Elc Cop Jiamusi Elc Mac A
2. Improving business portfolio management of Harbin Elc Cop Jiamusi Elc Mac A
3. Assessing feasibility of the new initiative in China
4. Making a Electronic Instr. & Controls sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of Harbin Elc Cop Jiamusi Elc Mac A
Strengths of Harbin Elc Cop Jiamusi Elc Mac A | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Harbin Elc Cop Jiamusi Elc Mac A are -
High brand equity
– Harbin Elc Cop Jiamusi Elc Mac A has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Harbin Elc Cop Jiamusi Elc Mac A to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Training and development
– Harbin Elc Cop Jiamusi Elc Mac A has one of the best training and development program in Technology 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.
Operational resilience
– The operational resilience strategy of Harbin Elc Cop Jiamusi Elc Mac A comprises – understanding the underlying the factors in the Electronic Instr. & Controls 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.
Low bargaining power of suppliers
– Suppliers of Harbin Elc Cop Jiamusi Elc Mac A in the Technology sector have low bargaining power. Harbin Elc Cop Jiamusi Elc Mac A has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Harbin Elc Cop Jiamusi Elc Mac A to manage not only supply disruptions but also source products at highly competitive prices.
Learning organization
- Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac A is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders at Harbin Elc Cop Jiamusi Elc Mac A emphasize – knowledge, initiative, and innovation.
Innovation driven organization
– Harbin Elc Cop Jiamusi Elc Mac A is one of the most innovative firm in Electronic Instr. & Controls sector.
Analytics focus
– Harbin Elc Cop Jiamusi Elc Mac 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 Electronic Instr. & Controls 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 Harbin Elc Cop Jiamusi Elc Mac 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.
High switching costs
– The high switching costs that Harbin Elc Cop Jiamusi Elc Mac 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.
Organizational Resilience of Harbin Elc Cop Jiamusi Elc Mac A
– The covid-19 pandemic has put organizational resilience at the centre of everthing Harbin Elc Cop Jiamusi Elc Mac A does. Organizational resilience comprises - Financial Resilience, Operational Resilience, Technological Resilience, Organizational Resilience, Business Model Resilience, and Reputation Resilience.
Digital Transformation in Electronic Instr. & Controls industry
- digital transformation varies from industry to industry. For Harbin Elc Cop Jiamusi Elc Mac A digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Harbin Elc Cop Jiamusi Elc Mac 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.
Sustainable margins compare to other players in Electronic Instr. & Controls industry
– Harbin Elc Cop Jiamusi Elc Mac A has clearly differentiated products in the market place. This has enabled Harbin Elc Cop Jiamusi Elc Mac A to fetch slight price premium compare to the competitors in the Electronic Instr. & Controls industry. The sustainable margins have also helped Harbin Elc Cop Jiamusi Elc Mac A to invest into research and development (R&D) and innovation.
Weaknesses of Harbin Elc Cop Jiamusi Elc Mac A | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Harbin Elc Cop Jiamusi Elc Mac A are -
No frontier risks strategy
– From the 10K / annual statement of Harbin Elc Cop Jiamusi Elc Mac A, it seems that company is thinking out the frontier risks that can impact Electronic Instr. & Controls 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.
Aligning sales with marketing
– From the outside it seems that Harbin Elc Cop Jiamusi Elc Mac A needs to have more collaboration between its sales team and marketing team. Sales professionals in the Electronic Instr. & Controls industry have deep experience in developing customer relationships. Marketing department at Harbin Elc Cop Jiamusi Elc Mac A can leverage the sales team experience to cultivate customer relationships as Harbin Elc Cop Jiamusi Elc Mac A is planning to shift buying processes online.
Products dominated business model
– Even though Harbin Elc Cop Jiamusi Elc Mac A has some of the most successful models in the Electronic Instr. & Controls industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. Harbin Elc Cop Jiamusi Elc Mac A should strive to include more intangible value offerings along with its core products and services.
Ability to respond to the competition
– As the decision making is very deliberative at Harbin Elc Cop Jiamusi Elc Mac A, in the dynamic environment of Electronic Instr. & Controls industry it has struggled to respond to the nimble upstart competition. Harbin Elc Cop Jiamusi Elc Mac A has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Capital Spending Reduction
– Even during the low interest decade, Harbin Elc Cop Jiamusi Elc Mac 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 Electronic Instr. & Controls industry using digital technology.
High cash cycle compare to competitors
Harbin Elc Cop Jiamusi Elc Mac A has a high cash cycle compare to other players in the Electronic Instr. & Controls industry. It needs to shorten the cash cycle by 12% to be more competitive in the marketplace, reduce inventory costs, and be more profitable.
Workers concerns about automation
– As automation is fast increasing in the Electronic Instr. & Controls industry, Harbin Elc Cop Jiamusi Elc Mac 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, Harbin Elc Cop Jiamusi Elc Mac A has high operating costs in the Electronic Instr. & Controls industry. This can be harder to sustain given the new emerging competition from nimble players who are using technology to attract Harbin Elc Cop Jiamusi Elc Mac A lucrative customers.
Employees’ less understanding of Harbin Elc Cop Jiamusi Elc Mac A strategy
– From the outside it seems that the employees of Harbin Elc Cop Jiamusi Elc Mac 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.
Lack of clear differentiation of Harbin Elc Cop Jiamusi Elc Mac A products
– To increase the profitability and margins on the products, Harbin Elc Cop Jiamusi Elc Mac A needs to provide more differentiated products than what it is currently offering in the marketplace.
High dependence on existing supply chain
– The disruption in the global supply chains because of the Covid-19 pandemic and blockage of the Suez Canal illustrated the fragile nature of Harbin Elc Cop Jiamusi Elc Mac A supply chain. Even after few cautionary changes, Harbin Elc Cop Jiamusi Elc Mac A is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Harbin Elc Cop Jiamusi Elc Mac A vulnerable to further global disruptions in South East Asia.
Harbin Elc Cop Jiamusi Elc Mac A Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Harbin Elc Cop Jiamusi Elc Mac A are -
Leveraging digital technologies
– Harbin Elc Cop Jiamusi Elc Mac 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.
Developing new processes and practices
– Harbin Elc Cop Jiamusi Elc Mac A can develop new processes and procedures in Electronic Instr. & Controls 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.
Building a culture of innovation
– managers at Harbin Elc Cop Jiamusi Elc Mac 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 Electronic Instr. & Controls industry.
Changes in consumer behavior post Covid-19
– consumer behavior has changed in the Electronic Instr. & Controls industry because of Covid-19 restrictions. Some of this behavior will stay once things get back to normal. Harbin Elc Cop Jiamusi Elc Mac 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. Harbin Elc Cop Jiamusi Elc Mac 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.
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. Harbin Elc Cop Jiamusi Elc Mac A can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac A to hire the very best people irrespective of their geographical location.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac 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.
Use of Bitcoin and other crypto currencies for transactions in Electronic Instr. & Controls industry
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for Harbin Elc Cop Jiamusi Elc Mac A in the Electronic Instr. & Controls industry. Now Harbin Elc Cop Jiamusi Elc Mac A can target international markets with far fewer capital restrictions requirements than the existing system.
Finding new ways to collaborate
– Covid-19 has not only transformed business models of companies in Electronic Instr. & Controls industry, but it has also influenced the consumer preferences. Harbin Elc Cop Jiamusi Elc Mac A can tie-up with other value chain partners to explore new opportunities regarding meeting customer demands and building a rewarding and engaging relationship.
Lowering marketing communication costs
– 5G expansion will open new opportunities for Harbin Elc Cop Jiamusi Elc Mac 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 Electronic Instr. & Controls industry, and it will provide faster access to the consumers.
Low interest rates
– Even though inflation is raising its head in most developed economies, Harbin Elc Cop Jiamusi Elc Mac 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.
Learning at scale
– Online learning technologies has now opened space for Harbin Elc Cop Jiamusi Elc Mac 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.
Redefining models of collaboration and team work
– As explained in the weaknesses section, Harbin Elc Cop Jiamusi Elc Mac A is facing challenges because of the dominance of functional experts in the organization. Harbin Elc Cop Jiamusi Elc Mac A can utilize new technology in the field of Electronic Instr. & Controls industry to build more coordinated teams and streamline operations and communications using tools such as CAD, Zoom, etc.
Threats Harbin Elc Cop Jiamusi Elc Mac A External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Harbin Elc Cop Jiamusi Elc Mac A are -
Environmental challenges
– Harbin Elc Cop Jiamusi Elc Mac 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. Harbin Elc Cop Jiamusi Elc Mac A can take advantage of this fund but it will also bring new competitors in the Electronic Instr. & Controls industry.
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.
Stagnating economy with rate increase
– Harbin Elc Cop Jiamusi Elc Mac 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 Electronic Instr. & Controls industry.
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 Harbin Elc Cop Jiamusi Elc Mac A.
Technology acceleration in Forth Industrial Revolution
– Harbin Elc Cop Jiamusi Elc Mac A has witnessed rapid integration of technology during Covid-19 in the Electronic Instr. & Controls industry. As one of the leading players in the industry, Harbin Elc Cop Jiamusi Elc Mac A needs to keep up with the evolution of technology in the Electronic Instr. & Controls 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 Harbin Elc Cop Jiamusi Elc Mac A is facing in Electronic Instr. & Controls sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
High dependence on third party suppliers
– Harbin Elc Cop Jiamusi Elc Mac 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.
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. Harbin Elc Cop Jiamusi Elc Mac 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.
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 Harbin Elc Cop Jiamusi Elc Mac A in the Electronic Instr. & Controls sector and impact the bottomline of the organization.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac A prominent markets.
Consumer confidence and its impact on Harbin Elc Cop Jiamusi Elc Mac 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 Electronic Instr. & Controls industry and other sectors.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry to Electronic Instr. & Controls industry are lowering. It can presents Harbin Elc Cop Jiamusi Elc Mac A with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the Electronic Instr. & Controls sector.
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 Harbin Elc Cop Jiamusi Elc Mac A business can come under increasing regulations regarding data privacy, data security, etc.
Weighted SWOT Analysis of Harbin Elc Cop Jiamusi Elc Mac A Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac A needs to make to build a sustainable competitive advantage.