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, banking and financial system is disrupted by Bitcoin and other crypto currencies, talent flight as more people leaving formal jobs, competitive advantages are harder to sustain because of technology dispersion, supply chains are disrupted by pandemic , there is increasing trade war between United States & China, wage bills are increasing,
technology disruption, there is backlash against globalization, 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 -
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.
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.
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.
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.
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.
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.
Ability to recruit top talent
– Harbin Elc Cop Jiamusi Elc Mac A is one of the leading players in the Electronic Instr. & Controls 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.
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.
Highly skilled collaborators
– Harbin Elc Cop Jiamusi Elc Mac A has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive Electronic Instr. & Controls industry. Secondly the value chain collaborators of Harbin Elc Cop Jiamusi Elc Mac A have helped the firm to develop new products and bring them quickly to the marketplace.
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.
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.
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.
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 -
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.
Need for greater diversity
– Harbin Elc Cop Jiamusi Elc Mac A has taken concrete steps on diversity, equity, and inclusion. But the efforts so far has resulted in limited success. It needs to expand the recruitment and selection process to hire more people from the minorities and underprivileged background.
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.
Interest costs
– Compare to the competition, Harbin Elc Cop Jiamusi Elc Mac 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.
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.
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.
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.
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.
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.
Slow decision making process
– As mentioned earlier in the report, Harbin Elc Cop Jiamusi Elc Mac 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 Electronic Instr. & Controls industry over the last five years. Harbin Elc Cop Jiamusi Elc Mac 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.
High bargaining power of channel partners in Electronic Instr. & Controls industry
– because of the regulatory requirements in China, Harbin Elc Cop Jiamusi Elc Mac A is facing high bargaining power of the channel partners. So far it has not able to streamline the operations to reduce the bargaining power of the value chain partners in the Electronic Instr. & Controls industry.
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 -
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.
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.
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.
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.
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.
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.
Better consumer reach
– The expansion of the 5G network will help Harbin Elc Cop Jiamusi Elc Mac A to increase its market reach. Harbin Elc Cop Jiamusi Elc Mac 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.
Loyalty marketing
– Harbin Elc Cop Jiamusi Elc Mac 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.
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.
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.
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.
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.
Buying journey improvements
– Harbin Elc Cop Jiamusi Elc Mac A can improve the customer journey of consumers in the Electronic Instr. & Controls 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.
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 -
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.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.