Beijing JIAYU Door Window Curtain (300117) SWOT Analysis / TOWS Matrix / MBA Resources
Constr. - Supplies & Fixtures
Strategy / MBA Resources
Introduction to SWOT Analysis
SWOT Analysis / TOWS Matrix for Beijing JIAYU Door Window Curtain (China)
Based on various researches at Oak Spring University , Beijing JIAYU Door Window Curtain is operating in a macro-environment that has been destablized by – there is backlash against globalization, geopolitical disruptions, competitive advantages are harder to sustain because of technology dispersion, increasing government debt because of Covid-19 spendings, digital marketing is dominated by two big players Facebook and Google, technology disruption, increasing commodity prices,
cloud computing is disrupting traditional business models, talent flight as more people leaving formal jobs, etc
Introduction to SWOT Analysis of Beijing JIAYU Door Window Curtain
SWOT stands for an organization’s Strengths, Weaknesses, Opportunities and Threats . At Oak Spring University, we believe that Beijing JIAYU Door Window Curtain can use SWOT analysis as a strategic management tool to assess the current internal strengths and weaknesses of the Beijing JIAYU Door Window Curtain, and to figure out the opportunities and threats in the macro environment – technological, environmental, political, economic, social, demographic, etc in which Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain can be done for the following purposes –
1. Strategic planning of Beijing JIAYU Door Window Curtain
2. Improving business portfolio management of Beijing JIAYU Door Window Curtain
3. Assessing feasibility of the new initiative in China
4. Making a Constr. - Supplies & Fixtures sector specific business decision
5. Set goals for the organization
6. Organizational restructuring of Beijing JIAYU Door Window Curtain
Strengths of Beijing JIAYU Door Window Curtain | Internal Strategic Factors
What are Strengths in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The strengths of Beijing JIAYU Door Window Curtain are -
Training and development
– Beijing JIAYU Door Window Curtain has one of the best training and development program in Capital Goods 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.
Low bargaining power of suppliers
– Suppliers of Beijing JIAYU Door Window Curtain in the Capital Goods sector have low bargaining power. Beijing JIAYU Door Window Curtain has further diversified its suppliers portfolio by building a robust supply chain across various countries. This helps Beijing JIAYU Door Window Curtain to manage not only supply disruptions but also source products at highly competitive prices.
High brand equity
– Beijing JIAYU Door Window Curtain has strong brand awareness and brand recognition among both - the exiting customers and potential new customers. Strong brand equity has enabled Beijing JIAYU Door Window Curtain to keep acquiring new customers and building profitable relationship with both the new and loyal customers.
Learning organization
- Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain is open place that encourages instructiveness, ideation, open minded discussions, and creativity. Employees and leaders at Beijing JIAYU Door Window Curtain emphasize – knowledge, initiative, and innovation.
Successful track record of launching new products
– Beijing JIAYU Door Window Curtain has launched numerous new products in last few years, keeping in mind evolving customer preferences and competitive pressures. Beijing JIAYU Door Window Curtain 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.
Digital Transformation in Constr. - Supplies & Fixtures industry
- digital transformation varies from industry to industry. For Beijing JIAYU Door Window Curtain digital transformation journey comprises differing goals based on market maturity, customer technology acceptance, and organizational culture. Beijing JIAYU Door Window Curtain 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.
Strong track record of project management in the Constr. - Supplies & Fixtures industry
– Beijing JIAYU Door Window Curtain is known for sticking to its project targets. This enables the firm to manage – time, project costs, and have sustainable margins on the projects.
Innovation driven organization
– Beijing JIAYU Door Window Curtain is one of the most innovative firm in Constr. - Supplies & Fixtures sector.
Diverse revenue streams
– Beijing JIAYU Door Window Curtain is present in almost all the verticals within the Constr. - Supplies & Fixtures industry. This has provided Beijing JIAYU Door Window Curtain 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.
Effective Research and Development (R&D)
– Beijing JIAYU Door Window Curtain has innovation driven culture where significant part of the revenues are spent on the research and development activities. This has resulted in – Beijing JIAYU Door Window Curtain staying ahead in the Constr. - Supplies & Fixtures industry in terms of – new product launches, superior customer experience, highly competitive pricing strategies, and great returns to the shareholders.
Highly skilled collaborators
– Beijing JIAYU Door Window Curtain has highly efficient outsourcing and offshoring strategy. It has resulted in greater operational flexibility and bringing down the costs in highly price sensitive Constr. - Supplies & Fixtures industry. Secondly the value chain collaborators of Beijing JIAYU Door Window Curtain have helped the firm to develop new products and bring them quickly to the marketplace.
High switching costs
– The high switching costs that Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain | Internal Strategic Factors
What are Weaknesses in SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The weaknesses of Beijing JIAYU Door Window Curtain are -
High dependence on Beijing JIAYU Door Window Curtain ‘s star products
– The top 2 products and services of Beijing JIAYU Door Window Curtain still accounts for major business revenue. This dependence on star products in Constr. - Supplies & Fixtures industry has resulted into insufficient focus on developing new products, even though Beijing JIAYU Door Window Curtain has relatively successful track record of launching new products.
Increasing silos among functional specialists
– The organizational structure of Beijing JIAYU Door Window Curtain is dominated by functional specialists. It is not different from other players in the Constr. - Supplies & Fixtures industry, but Beijing JIAYU Door Window Curtain needs to de-silo the office environment to harness the true potential of its workforce. Secondly the de-silo will also help Beijing JIAYU Door Window Curtain to focus more on services in the Constr. - Supplies & Fixtures industry rather than just following the product oriented approach.
Ability to respond to the competition
– As the decision making is very deliberative at Beijing JIAYU Door Window Curtain, in the dynamic environment of Constr. - Supplies & Fixtures industry it has struggled to respond to the nimble upstart competition. Beijing JIAYU Door Window Curtain has reasonably good record with similar level competitors but it has struggled with new entrants taking away niches of its business.
Slow to harness new channels of communication
– Even though competitors are using new communication channels such as Instagram, Tiktok, and Snap, Beijing JIAYU Door Window Curtain is slow explore the new channels of communication. These new channels of communication can help Beijing JIAYU Door Window Curtain to provide better information regarding Constr. - Supplies & Fixtures products and services. It can also build an online community to further reach out to potential customers.
Employees’ less understanding of Beijing JIAYU Door Window Curtain strategy
– From the outside it seems that the employees of Beijing JIAYU Door Window Curtain 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.
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 Beijing JIAYU Door Window Curtain supply chain. Even after few cautionary changes, Beijing JIAYU Door Window Curtain is still heavily dependent upon the existing supply chain. The existing supply chain though brings in cost efficiencies but it has left Beijing JIAYU Door Window Curtain vulnerable to further global disruptions in South East Asia.
High operating costs
– Compare to the competitors, Beijing JIAYU Door Window Curtain has high operating costs in the Constr. - Supplies & Fixtures industry. This can be harder to sustain given the new emerging competition from nimble players who are using technology to attract Beijing JIAYU Door Window Curtain lucrative customers.
Products dominated business model
– Even though Beijing JIAYU Door Window Curtain has some of the most successful models in the Constr. - Supplies & Fixtures industry, this business model has made each new product launch extremely critical for continuous financial growth of the organization. Beijing JIAYU Door Window Curtain should strive to include more intangible value offerings along with its core products and services.
Slow decision making process
– As mentioned earlier in the report, Beijing JIAYU Door Window Curtain has a very deliberative decision making approach. This approach has resulted in prudent decisions, but it has also resulted in missing opportunities in the Constr. - Supplies & Fixtures industry over the last five years. Beijing JIAYU Door Window Curtain 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.
Capital Spending Reduction
– Even during the low interest decade, Beijing JIAYU Door Window Curtain 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 Constr. - Supplies & Fixtures industry using digital technology.
Slow to strategic competitive environment developments
– As Beijing JIAYU Door Window Curtain is one of the leading players in the Constr. - Supplies & Fixtures industry, it takes time to assess the upcoming competitions. This has led to missing out on atleast 2-3 big opportunities in the Constr. - Supplies & Fixtures industry in last five years.
Beijing JIAYU Door Window Curtain Opportunities | External Strategic Factors
What are Opportunities in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The opportunities of Beijing JIAYU Door Window Curtain are -
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. Beijing JIAYU Door Window Curtain can explore opportunities that can attract volunteers and are consistent with its mission and vision.
Manufacturing automation
– Beijing JIAYU Door Window Curtain can use the latest technology developments to improve its manufacturing and designing process in Constr. - Supplies & Fixtures 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.
Reforming the budgeting process
- By establishing new metrics that will be used to evaluate both existing and potential projects Beijing JIAYU Door Window Curtain can not only reduce the costs of the project but also help it in integrating the projects with other processes within the organization.
Better consumer reach
– The expansion of the 5G network will help Beijing JIAYU Door Window Curtain to increase its market reach. Beijing JIAYU Door Window Curtain 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.
Harnessing reconfiguration of the global supply chains
– As the trade war between US and China heats up in the coming years, Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain to buy more products closer to the markets, and it can leverage its size and influence to get better deal from the local markets.
Increase in government spending
– As the United States and other governments are increasing social spending and infrastructure spending to build economies post Covid-19, Beijing JIAYU Door Window Curtain can use these opportunities to build new business models that can help the communities that Beijing JIAYU Door Window Curtain operates in. Secondly it can use opportunities from government spending in Constr. - Supplies & Fixtures sector.
Use of Bitcoin and other crypto currencies for transactions in Constr. - Supplies & Fixtures industry
– The popularity of Bitcoin and other crypto currencies as asset class and medium of transaction has opened new opportunities for Beijing JIAYU Door Window Curtain in the Constr. - Supplies & Fixtures industry. Now Beijing JIAYU Door Window Curtain can target international markets with far fewer capital restrictions requirements than the existing system.
Remote work and new talent hiring opportunities
– The widespread usage of remote working technologies during Covid-19 has opened opportunities for Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain to hire the very best people irrespective of their geographical location.
Learning at scale
– Online learning technologies has now opened space for Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain 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 Constr. - Supplies & Fixtures industry.
Low interest rates
– Even though inflation is raising its head in most developed economies, Beijing JIAYU Door Window Curtain 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
– Beijing JIAYU Door Window Curtain has spent a significant amount of money and effort to integrate analytics and machine learning into its operations in Constr. - Supplies & Fixtures sector. This continuous investment in analytics has enabled Beijing JIAYU Door Window Curtain to build a competitive advantage using analytics. The analytics driven competitive advantage can help Beijing JIAYU Door Window Curtain to build faster Go To Market strategies, better consumer insights, developing relevant product features, and building a highly efficient supply chain.
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 Beijing JIAYU Door Window Curtain 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.
Threats Beijing JIAYU Door Window Curtain External Strategic Factors
What are Threats in the SWOT Analysis / TOWS Matrix / Weighted SWOT Analysis
The threats of Beijing JIAYU Door Window Curtain are -
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. Beijing JIAYU Door Window Curtain needs to understand the core reasons impacting the Constr. - Supplies & Fixtures industry. This will help it in building a better workplace.
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 Beijing JIAYU Door Window Curtain in the Constr. - Supplies & Fixtures sector and impact the bottomline of the organization.
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 Beijing JIAYU Door Window Curtain.
Increasing international competition and downward pressure on margins
– Apart from technology driven competitive advantage dilution, Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain prominent markets.
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.
Barriers of entry lowering
– As technology is more democratized, the barriers to entry to Constr. - Supplies & Fixtures industry are lowering. It can presents Beijing JIAYU Door Window Curtain with greater competitive threats in the near to medium future. Secondly it will also put downward pressure on pricing throughout the Constr. - Supplies & Fixtures sector.
Shortening product life cycle
– it is one of the major threat that Beijing JIAYU Door Window Curtain is facing in Constr. - Supplies & Fixtures sector. It can lead to higher research and development costs, higher marketing expenses, lower customer loyalty, etc.
High dependence on third party suppliers
– Beijing JIAYU Door Window Curtain high dependence on third party suppliers can disrupt its processes and delivery mechanism. For example -the current troubles of car makers because of chip shortage is because the chip companies started producing chips for electronic companies rather than car manufacturers.
Technology acceleration in Forth Industrial Revolution
– Beijing JIAYU Door Window Curtain has witnessed rapid integration of technology during Covid-19 in the Constr. - Supplies & Fixtures industry. As one of the leading players in the industry, Beijing JIAYU Door Window Curtain needs to keep up with the evolution of technology in the Constr. - Supplies & Fixtures 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.
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 Beijing JIAYU Door Window Curtain business can come under increasing regulations regarding data privacy, data security, etc.
Stagnating economy with rate increase
– Beijing JIAYU Door Window Curtain 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 Constr. - Supplies & Fixtures industry.
Consumer confidence and its impact on Beijing JIAYU Door Window Curtain 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 Constr. - Supplies & Fixtures industry and other sectors.
Weighted SWOT Analysis of Beijing JIAYU Door Window Curtain Template, Example
Not all factors mentioned under the Strengths, Weakness, Opportunities, and Threats quadrants in the SWOT Analysis are equal. Managers at Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain 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 Beijing JIAYU Door Window Curtain needs to make to build a sustainable competitive advantage.