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 – geopolitical disruptions, supply chains are disrupted by pandemic , cloud computing is disrupting traditional business models, increasing energy prices, talent flight as more people leaving formal jobs, central banks are concerned over increasing inflation, increasing inequality as vast percentage of new income is going to the top 1%,
increasing transportation and logistics costs, banking and financial system is disrupted by Bitcoin and other crypto currencies, 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 -
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.
Effective Research and Development (R&D)
– Harbin Elc Cop Jiamusi Elc Mac A has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Harbin Elc Cop Jiamusi Elc Mac A staying ahead in the Electronic Instr. & Controls industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
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.
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.
Diverse revenue streams
– Harbin Elc Cop Jiamusi Elc Mac A is present in almost all the verticals within the Electronic Instr. & Controls industry. This has provided Harbin Elc Cop Jiamusi Elc Mac A a diverse revenue stream that has helped it to survive disruptions such as global pandemic in Covid-19, financial disruption of 2008, and supply chain disruption of 2021.
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.
Ability to lead change in Electronic Instr. & Controls
– Harbin Elc Cop Jiamusi Elc Mac A is one of the leading players in the Electronic Instr. & Controls industry in China. Over the years it has not only transformed the business landscape in the Electronic Instr. & Controls industry in China but also across the existing markets. The ability to lead change has enabled Harbin Elc Cop Jiamusi Elc Mac A in – penetrating new markets, reaching out to new customers, and providing different value propositions to different customers in the international markets.
Strong track record of project management in the Electronic Instr. & Controls industry
– Harbin Elc Cop Jiamusi Elc Mac 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.
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.
Successful track record of launching new products
– Harbin Elc Cop Jiamusi Elc Mac A has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Harbin Elc Cop Jiamusi Elc Mac 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.
Innovation driven organization
– Harbin Elc Cop Jiamusi Elc Mac A is one of the most innovative firm in Electronic Instr. & Controls sector.
Superior customer experience
– The customer experience strategy of Harbin Elc Cop Jiamusi Elc Mac A in Electronic Instr. & Controls industry is based on four key concepts – personalization, simplification of complex needs, prompt response, and continuous engagement.
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 -
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.
Low market penetration in new markets
– Outside its home market of China, Harbin Elc Cop Jiamusi Elc Mac A needs to spend more promotional, marketing, and advertising efforts to penetrate international markets.
Skills based hiring in Electronic Instr. & Controls industry
– The stress on hiring functional specialists at Harbin Elc Cop Jiamusi Elc Mac A has created an environment where the organization is dominated by functional specialists rather than management generalist. This has resulted into product oriented approach rather than marketing oriented approach or consumers oriented approach.
Compensation and incentives
– The revenue per employee of Harbin Elc Cop Jiamusi Elc Mac A is just above the Electronic Instr. & Controls 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.
Slow to strategic competitive environment developments
– As Harbin Elc Cop Jiamusi Elc Mac A is one of the leading players in the Electronic Instr. & Controls industry, it takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the Electronic Instr. & Controls industry in last five years.
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.
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.
High dependence on Harbin Elc Cop Jiamusi Elc Mac A ‘s star products
– The top 2 products and services of Harbin Elc Cop Jiamusi Elc Mac A still accounts for major business revenue. This dependence on star products in Electronic Instr. & Controls industry has resulted into insufficient focus on developing new products, even though Harbin Elc Cop Jiamusi Elc Mac A has relatively successful track record of launching new products.
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.
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.
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 -
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.
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.
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.
Using analytics as competitive advantage
– Harbin Elc Cop Jiamusi Elc Mac A has spent a significant amount of money and effort to integrate analytics and machine learning into its operations in Electronic Instr. & Controls sector. This continuous investment in analytics has enabled Harbin Elc Cop Jiamusi Elc Mac A to build a competitive advantage using analytics. The analytics driven competitive advantage can help Harbin Elc Cop Jiamusi Elc Mac A to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Harbin Elc Cop Jiamusi Elc Mac A can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
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.
Creating value in data economy
– The success of analytics program of Harbin Elc Cop Jiamusi Elc Mac A has opened avenues for new revenue streams for the organization in Electronic Instr. & Controls industry. This can help Harbin Elc Cop Jiamusi Elc Mac A to build a more holistic ecosystem for Harbin Elc Cop Jiamusi Elc Mac A products in the Electronic Instr. & Controls industry by providing – data insight services, data privacy related products, data based consulting services, etc.
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.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Harbin Elc Cop Jiamusi Elc Mac A can use these opportunities to build new business models that can help the communities that Harbin Elc Cop Jiamusi Elc Mac A operates in. Secondly it can use opportunities from government spending in Electronic Instr. & Controls sector.
Manufacturing automation
– Harbin Elc Cop Jiamusi Elc Mac A can use the latest technology developments to improve its manufacturing and designing process in Electronic Instr. & Controls 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.
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.
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.
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.
Learning curve for new practices
– As the technology based on artificial intelligence and machine learning platform is getting complex, Harbin Elc Cop Jiamusi Elc Mac 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 Electronic Instr. & Controls sector.
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.
Easy access to finance
– Easy access to finance in Electronic Instr. & Controls industry will also reduce the barriers to entry in the industry, thus putting downward pressure on the prices because of increasing competition. Harbin Elc Cop Jiamusi Elc Mac A can utilize it by borrowing at lower rates and invest it into research and development, capital expenditure to fortify its core competitive advantage.
Increasing wage structure of Harbin Elc Cop Jiamusi Elc Mac 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 Harbin Elc Cop Jiamusi Elc Mac A.
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.
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. Harbin Elc Cop Jiamusi Elc Mac A needs to understand the core reasons impacting the Electronic Instr. & Controls industry. This will help it in building a better workplace.
Trade war between China and United States
– The trade war between two of the biggest economies can hugely impact the opportunities for Harbin Elc Cop Jiamusi Elc Mac A in Electronic Instr. & Controls industry. The Electronic Instr. & Controls 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.
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.
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.
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.
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.
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.
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.
