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1 – 10 of 336Marilyn M. Helms and Judy Nixon
The purpose of this study is to examine the use of the strategic management tool, Strengths‐Weaknesses‐Opportunities‐Threats or SWOT analysis, and to assess how the methodology…
Abstract
Purpose
The purpose of this study is to examine the use of the strategic management tool, Strengths‐Weaknesses‐Opportunities‐Threats or SWOT analysis, and to assess how the methodology has been used as well as changes to the methodology. The findings both for and against SWOT analysis should lead to a balanced view of the technique as well as yield ideas for needed theory building.
Design/methodology/approach
Using the ABInform Global® database, academic peer‐reviewed articles were compiled indicating SWOT as one of the article's key index and search words.
Findings
The use of SWOT analysis continues to permeate the academic peer‐reviewed literature. Research supports SWOT analysis as a tool for planning purposes. Over the past decade, SWOT research has focused on analyzing organizations for recommended strategic actions. As a methodology for strategic positioning, SWOT analysis has been extended beyond companies to countries and industries and is used in virtually every published business case positioned for business student analysis. Additional use of SWOT is as teaching tools by consultants, trainers and educators. This paper provides a summary of the research studies and suggests paths for future research.
Research limitations/implications
This paper is limited to analyzing reports found in a selection of academic peer‐reviewed business journals. However, research implications for applying SWOT analysis provides a broad spectrum of industry analysis in North America, Europe, and Asia. Additional limitations are the need to link SWOT analysis to other strategic tools and methodologies for further theory building, since past research continues to lack quantifiable findings on the success of the SWOT analysis.
Practical implications
A fresh view of new directions and implementations for SWOT analysis, as well as other strategic planning tools that can be combined with SWOT, provides guidance for practitioners and policy makers alike.
Originality/value
The article adds value to the existing literature as the first summary of SWOT research indicating its uses and limitations. Support of its usage and place in the strategic literature is validated. The SWOT methodology is pervasive, in large part, due to its simplicity. In addition, the use of SWOT as a proven developmental, results‐oriented strategic planning tool is also extended, although further research leading to theory building is warranted and recommended.
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The purpose of this paper is to investigate methods that are used for analyzing strategically various aspects of academic libraries in Oman.
Abstract
Purpose
The purpose of this paper is to investigate methods that are used for analyzing strategically various aspects of academic libraries in Oman.
Design/methodology/approach
A research framework was designed to explore various steps of conceptualizing, collecting, analyzing data, and reporting results. Data gathered through in‐depth interviews with participants represented different management levels of academic libraries in the country. The analysis process utilized content analysis to shape the relationship between categories that were subjected to formulate knowledge.
Findings
The results indicate that strategic analysis process has been practiced in 40 percent of academic libraries in Oman, utilizing the strengths, weaknesses, opportunities, threats (SWOT) analysis technique. However, all respondents identified strengths, weaknesses, opportunities, and threats of their libraries under one or more of the following factors: information resources; administrative support; human resources; financial resources; building and space; facilities and equipment; and cooperation and communication. Yet, the priority and importance of each issue to each library varies from one institution to another, according to size and history of each university.
Research limitations/implications
The great differences in history, size, and infrastructure between the institutions investigated had affected the selection of the research population. Moreover, reports, statistics, existed in some libraries found unable to provide the necessary data, which forced the researcher to depend on the data gathered from respondents in building the research knowledge.
Originality/value
This research fills part of the gap that exists in the strategic management of information services. It is the first study shedding light on the application of strategic analysis in academic libraries in Oman.
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Marilyn M. Helms, Martín A. Rodríguez, Lisandro de los Ríos and William (Bill) Hargrave
The purpose of this paper is to examine the external macro‐environmental forces along with the internal country‐specific attributes of Argentina as they influence…
Abstract
Purpose
The purpose of this paper is to examine the external macro‐environmental forces along with the internal country‐specific attributes of Argentina as they influence entrepreneurship. The experiences with Argentina's financial crisis of 2001‐2002 have highlighted concerns as to whether the past prosperity can ever be regained. Entrepreneurial ability has received much attention in public discussions as a means to revitalize the lagging economy.
Design/methodology/approach
The popular strategic management tool of strengths, weaknesses, opportunities, threats (SWOT) analysis is used to group a number of current and emerging issues for the country. Their impact on entrepreneurship is then evaluated.
Findings
Argentina has numerous natural resources that can be developed into new businesses. The slow growth of new venture creation in Argentina can be attributed to the difficulties in obtaining capital financing as well as the new business start‐up licenses and procedures. Further limiting entrepreneurship is corruption, the lack of copyright protection, and difficulty hiring employees. However, the government of Argentina has implemented monetary changes to provide funds and other services for supporting new start‐up companies and a key strength of Argentina for entrepreneurship is the country's resources and products. Major opportunities exist in tourism and investments in the growing wine production industry. The major threat to new venture creation, however, is the current worldwide recession.
Research limitations/implications
Research implications for applying SWOT analysis to a country are discussed. While this tool is largely focused on companies and their issues for strategy development, this paper discusses ways to use the methodology to include ranking or weighting variables in their importance to entrepreneurship. A larger sample of experts is suggested for future research along with surveys of industry leaders to refine the ordering of variables.
Practical implications
Implications for practitioners and policy makers within the country and areas for future research are discussed.
Originality/value
The paper adds value to the existing research about new venture creation and start‐ups in Argentina. In addition, the use of SWOT as a country‐analysis methodology is also extended.
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This paper aims to examine Bangladesh's overall economy with special focus on strengths, weaknesses, opportunities, threats (SWOT) analysis, choosing right foreign direct…
Abstract
Purpose
This paper aims to examine Bangladesh's overall economy with special focus on strengths, weaknesses, opportunities, threats (SWOT) analysis, choosing right foreign direct investment (FDI) strategy, remittance inflow, lessons from South East Asian nations, risk factors and aftermath.
Design/methodology/approach
Phenomenological research has raised awareness and increased insight into Bangladesh's overall strength, weakness, opportunity and threat in terms of her current position in world economy. The approach is based on observation of the business environment, online research, a close watch on Bangladesh's economy, analysis of newspapers, books, brainstorming with co‐researchers for five years and 30 years of living and working experience in developing countries.
Findings
The research has found that Bangladesh is going to encounter series of economic hurdles in near future. A SWOT analysis of Bangladesh has uncovered her overall strength, weakness, opportunity and threat in terms of her current position in world economy. Despite some strengths and opportunities, Bangladesh has lots of weaknesses and threats that could seriously undermine nation's development process at any time. A holistic and concerted effort is much sought after to address those problems while capitalising on strengths and opportunities. Side by side, Bangladesh should try her level best to attract quality FDI. However, remittance inflow plays very crucial role in Bangladesh's economy. But deplorably, since it is almost impossible to follow the successful model of South East Asian nations, Bangladesh does not have any sure success formula of any country in hand to follow. In fact, many less successful countries will have to struggle for long uncertain period. And sadly, Bangladesh falls into that category indeed. In fact, Bangladesh's economy has been on an inherently unstable path that can only end in tears. But remittance inflow will act as lifeblood for Bangladesh's economy and it will slow down the total apocalyptic process indeed. However, considering the totality, Bangladesh must have to face several critical challenges at once even before embarking on the track of vision 2020! Truly, nightmare is just on!
Originality/value
This paper offers a holistic view that would guide a reader to identify key challenges of a typical least developed country.
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Paavo Ritala and Hanna‐Kaisa Ellonen
The purpose of this paper is to examine how different strategy theories complement each other with respect to understanding competitive advantage of a single firm that utilizes…
Abstract
Purpose
The purpose of this paper is to examine how different strategy theories complement each other with respect to understanding competitive advantage of a single firm that utilizes interfirm cooperation.
Design/methodology/approach
The paper provides an analytical review of three schools of strategy research in order to highlight their contributions, shortcomings, and interrelations with respect to sustainable competitive advantage and to clarify their explanations of competitive advantage in interfirm cooperation. On the basis of this analysis, an integrated perspective that captures industry, organization, and relationship attributes is proposed.
Findings
The paper suggests that old and new paradigms in strategic management (industrial organization economics, resource‐based theories, and the relational view) are applicable alongside each other when analyzing how a single firm gains competitive advantage by utilizing interfirm cooperation. It is argued here that no paradigm can be used to substitute others and thus an integrated perspective is needed. The paper provides a discussion and implications on how each paradigm complements others and illustrate this by sketching a refined strengths, weaknesses, opportunities, threats (SWOT) analysis framework.
Practical implications
The paper gives a practical implication for managers who utilize traditional SWOT analysis in their decision making. By including relationship potential and limitations to the conceptual toolbox of thinking strategy through SWOT, managers can gain additional insight into internal strengths and weaknesses and external opportunities and threats analysis.
Originality/value
The study increases understanding on how prevailing perspectives on competitive advantage can be used in analyzing interfirm cooperation.
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Siti Norida Wahab, Nusrat Ahmed and Mohamed Syazwan Ab Talib
The Indian pharmaceutical industry has contributed significantly to global healthcare by securing superior-quality, inexpensive and reachable medicines worldwide. However, supply…
Abstract
Purpose
The Indian pharmaceutical industry has contributed significantly to global healthcare by securing superior-quality, inexpensive and reachable medicines worldwide. However, supply chain management (SCM) has been challenging due to constantly shifting requirements for short lifecycles of products, the convergence of industry and changeable realities on the ground. This study aims to identify, assess and prioritize the strengths, weaknesses and opportunities of the pharmaceutical SCM environment in India.
Design/methodology/approach
The paper employs a Strength, Weakness, Opportunity, Threat (SWOT) analysis and recognizes strategies to utilize the advantages of the strengths and opportunities, rectify weaknesses and resolve threats.
Findings
A variety of strategies that could have a positive effect on the Indian pharmaceutical business are presented. Findings and suggested strategies can significantly advance knowledge, enhance understanding and contribute to the growth of a successful SCM for the Indian pharmaceutical sector.
Originality/value
This paper would act as a roadmap to greater comprehension of the market leaders and market leaders' operating climate. The findings from this study will offer academic scholars and business practitioners deeper insights into the environment of SCM.
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Anirudh Agrawal, Payal Kumar and Ashish Tyagi
While traditional Industry 4.0 is studied in the context of smart factories, the authors study it as a metaphor that represents the spill-over effects of digitalisation…
Abstract
While traditional Industry 4.0 is studied in the context of smart factories, the authors study it as a metaphor that represents the spill-over effects of digitalisation, high-speed internet, cloud-based super-computing on industry, countries, human resource development and national competitiveness. This chapter analyses the Industry 4.0 steps taken by the United States, Germany, South Korea and India. It compares strategic actions taken by these countries using a strengths, weaknesses, opportunities, threats (SWOT) analysis to understand the position of each country. The authors use Max Weber’s ideal types as a positivist frame of analysis for the country-level data and from this draws policy recommendations. Based on the current status of India and other countries, the chapter concludes by suggesting short-term, mid-term and long-term strategies to transform India into a highly competitive industrialised economy in the context of the fourth industrial revolution.
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Ali Maher, Ali Ayoubian, Sima Rafiei, Donya Sheibani Tehrani, Farnaz Mostofian and Pooneh Mazyar
Today, healthcare organizations focus mainly on development and implementation of patient safety strategic plan to improve quality and ensure safety of provided services. The…
Abstract
Purpose
Today, healthcare organizations focus mainly on development and implementation of patient safety strategic plan to improve quality and ensure safety of provided services. The purpose of this paper is to recommend potential strategies for successful implementation of patient safety program in Iranian hospitals based on a strengths, weaknesses, opportunities, threats (SWOT) analysis.
Design/methodology/approach
In this qualitative study, key informant interviews and documentation review were done to identify strength and weakness points of Iranian hospitals in addition to opportunities and threats facing them in successful implementation of a patient safety program. Accordingly, the research team formulated main patient safety strategies and consequently prioritized them based on Quantitative Strategic Planning Matrix (QSPM) matrix.
Findings
The study recommended some of the potential patient safety strategies including provision of education for employees, promoting a safety culture in hospitals, managerial support and accountability, creating a safe and high-quality delivery environment, developing national legislations for hospital staff to comply with patient safety standards and developing a continuous monitoring system for quality improvement and patient safety activities to ensure the achievement of predetermined goals.
Practical implications
Developing a comprehensive and integrated strategic plan for patient safety based on accurate information about the health system’s weaknesses, strengths, opportunities and threats and trying to implement the plan in accordance with patient safety principles can help hospitals achieve great success.
Originality/value
Ministry of Health and Medical Education (MOHME) conducted a national study to recommend potential strategies for successful implementation of patient safety in Iranian hospitals based on a SWOT analysis and QSPM matrix.
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Athena Roumboutsos and Nicola Chiara
The purpose of this paper is to view and analyse public‐private partnerships (PPPs) under a strategic partnering approach between the key parties involved, i.e. public sector…
Abstract
Purpose
The purpose of this paper is to view and analyse public‐private partnerships (PPPs) under a strategic partnering approach between the key parties involved, i.e. public sector, private sector and lenders, and their business environment.
Design/methodology/approach
A strategic partnering framework analysis methodology has been devised based on existing and well‐known business strategic analysis tools (the political‐economic‐social‐technological (PEST) and strengths‐weaknesses‐opportunities‐threats (SWOT) analysis). The methodology consists of modules and may be used to identify the potential of strategic partnering in a sector and/or country and/or for a particular project in a procurement process. By using appropriate modules of the methodology, public sector partnering requirements or the market potential for PPPs, in general, may be assessed.
Findings
The small‐scale application of a module of the methodology is demonstrated through an international consultation on the influence of the present credit crunch. Findings indicate market changes and trends that may be pursued.
Research limitations/implications
The proposed strategic partnering methodology may be used in all business partnership applications. Its scope is to identify the key elements on which the particular partnership should be based.
Originality/value
PPPs have been viewed through finance‐ and service‐based approaches. The present study introduces the view of a partnership‐based approach. In the effort, the study also presents improvements to the commonly used PEST and SWOT analysis by adding a dynamic dimension to the analysis.
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Rima Derradji and Rachida Hamzi
This paper aims to propose a process optimization approach showing how organizations are able to achieve sustainable and efficient process optimization, based on integrated…
Abstract
Purpose
This paper aims to propose a process optimization approach showing how organizations are able to achieve sustainable and efficient process optimization, based on integrated process-risk analysis using several criteria to a better decision-making.
Design/methodology/approach
Several approaches are used (functional/dysfunctional) to analyze how processes work and how to deal with risks forming multi-criteria decision-making. In addition, a risk factor is integrated into the structured analysis and design techniques (SADT) method forming a novel graphical view SADT-RISK; it identifies process’s failures using the traditional failure modes, effects and criticality analysis (FMECA) and economic consideration “failure mode and effect, criticality analysis-cost FMECA-C” making a multi-criterion matrix for better decision-making. Subsequently, some recommendations are proposed to overcome the failure.
Findings
This paper illustrates a methodology with a case study in a company, which has a leading brand in the market in Algeria. The authors are integrating a varied portfolio of approaches linking with each other to analyze, improve and optimize the processes in terms of reliability and safety to deal with risks; reduce the complexity of the systems; increase the performance; and achieve a safer process. However, the proposed method can be readily used in practice.
Originality/value
The paper provides a new approach based on integrated management using new elements as an innovative contribution, forming a novel graphical view SADT-RISK; it identifies process’s failures using the traditional FMECA and economic consideration “a new multi-criterion matrix for better decision-making and using the SWOT analysis – Strengths, Weaknesses, Opportunities, Threats – as a balance to decide about the process improvement”. The authors conclude that this methodology is oriented and applicable to different types of companies such as financial, health and industrial as illustrated by this case study.
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