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Qu茅 es y c贸mo se hace un an谩lisis FODA en 9 pasos + ejemplo pr谩ctico - YouTube
Channel: Ingenio Empresa
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Hello everyone, I am Diego de Ingenio company and this time I am going to tell you everything about the
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SWOT analysis. Let's see what it is, what it is for and how we can do it in
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nine steps. We start with its definition, what is the SWOT analysis? It is basically
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an array or a matrix that consists of four elements: Two external and two internal.
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The first are the strengths and they are
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those internal aspects in which we find ourselves very well. We continue with the opportunities that
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are the elements that can be taken advantage of. Then come the weaknesses
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that are the aspects that play against us, and finally there are the
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threats that are the external risks that we must face. All this leads us to
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ask ourselves, well, what is SWOT analysis for? What is it for?
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Basically it helps us to generate strategies, strategies that answer
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the question of where we are, how we are, where we are going, what we have to
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do to get here, and this is basically based on the determination
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of strategies, very common in organizations to propose strategic plans
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. The first step in doing a SWOT analysis is defining the objective. If you are
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going to make a SWOT matrix for something: in the strategic planning of the year, it
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is the segmented evaluation of the collaborators or perhaps a mega
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-expansion project. It is important that attendees are clear about the reason
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why they are meeting. We start with the strengths. The strengths are the internal positive
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aspects of the business and that therefore are under control. Usually
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when we think of strengths what we are good at comes to mind
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, but we can go further by asking our clients and the market
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what they think of us. If we've done things right, some responses will be
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strengths. Examples of strength can be
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certifications received, patents, knowledge of the organization and headquarters
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in different places. Opportunities are external aspects of which we
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do not have direct control but we can develop plans to
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take advantage of them. We are talking about possible advantages for the company to
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do better, which can mean the difference between it and the competition.
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A change in consumer perception, the opening of a
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trade agreement in a country, and public business tenders are examples of
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opportunities. The next step is the identification of weaknesses.
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Weaknesses are aspects that even when they are under our control can be
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controlled. They mean disadvantages against the competition and towards the
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achievement of our objectives. Lack of experience, poor location,
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process waste , and poor product quality are examples of weaknesses.
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Threats are the factors that pose risks to the company. They are
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external, so it is difficult for us to control them, but we can develop
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contingency plans to deal with them. There are all kinds depending on the
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characteristics of the company, for example, the dollar increased for a
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marketer that brings products from the US, environmental policies for an
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oil company, the excessive increase in the prices of our suppliers or the
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development of technology in our competition. Once we have detected the
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strengths, opportunities, threats and weaknesses, it only remains to define the
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strategies that we are going to follow. The definition of the strategies handles
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four different approaches: the first is the success approach and it is basically detected by
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answering the following question: in what way can we use our
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strengths to take advantage of our opportunities? The reaction approach
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continues with strengths but this time compares them to threats. It
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answers the following question: How can our strengths be used to
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mitigate threats? The next approach is adaptation: In it we
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compare opportunities with weaknesses. Let's think about the following: how can we
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take advantage of opportunities to correct our weaknesses? Finally, there
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is the survival approach that takes the weaknesses and compares them with
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the threats. How can we keep up even with the threats seen?
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Established with the survival strategy,
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I want to mention three recommendations that you should keep in mind during the entire
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development of the SWOT analysis. The first is that the strategy should not
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remain in words or even in writing. It is important that you establish
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a step-by-step action plan with dates and responsible parties to ensure its
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compliance. It is important to prioritize among the most significant elements.
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We have countless weaknesses, opportunities, threats and strengths.
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Which are the most important? Do the analysis with those and finally it is convenient to
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be precise in our statements. It is better to say our product has an
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average of two years longer life than the competition instead of better life
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of our product compared to the competition. To learn more about this and
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other topics, visit the Ingenio Empresa website, visit ingenioempresa.com
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In the description of the video I leave the link.
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Let's go now with a practical example on SWOT analysis.
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First of all, he contextualized you, what our example is going to
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be about , it's going to be about a company, a hypermarket, a consumer company.
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The company is called HomeComb. It has warehouses and supermarkets in different parts
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of the country. It is a company already consolidated in the national market. It has
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very important negotiations with multiple suppliers and an advanced
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technological infrastructure. The order in which we are going to develop our
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SWOT or SWOT matrix will be first with the strengths and then the opportunities,
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then we will go to the opportunities (it is weaknesses) and finally to the
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threats. However, it is necessary to clarify that in practice this order
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is not a straitjacket, in fact and it was indicated in the post. I make a mention of the
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Harvard Business Review magazine that shows that following a methodology
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that addresses first the weaknesses and then the threats, later the strengths
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and then the opportunities, that is, a SWOT methodology gives better results
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than starting with the strengths and opportunities first. . This is up to you
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and practice will prove us right. Well, let's start with the
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strengths first. HomeComb has better prices than our technology and appliance suppliers
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offer us , which allows us to
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offer products with a lower price than the competition, and it is that HomeComb has already
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over the years made important negotiations with multiple suppliers
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that allows you to access products that these providers offer at a
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much lower cost than the competition could be, and that cost
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is passed on from the customer to the common customer unlike what
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the competition can do . They also have a points program that
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has allowed customer loyalty, and an increase of 15,000
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people in this program in the previous year. It turns out that when you go to
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buy a product, for each product you buy, at HomeComb you will accumulate
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some points. Once these points have reached a certain limit, you will be able to receive them for other
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products in the store. So this is a loyalty program that gives very
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good results and is evidenced in an increase of 15 thousand people in this
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program in the previous year. Final and last strength to our
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clients recognize that the service provided to the facilities is
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excellent. Let's go with the weaknesses: there are
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defaults in the delivery time of 60% of the sales made by the
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online store. Each sale that is made within the in-store
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contains a logistics. The gear behind since the person selects
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the product, places it in the cart, places their card details and pays for it.
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That order, that order form enters the HomeComb software
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and there it reaches the dispatch, between the dispatch the order is made for the
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logistics shipment with courier, but at this moment there are
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deficiencies within that process that makes the delivery time be much
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be much greater than promised. Next weakness: There are hanging notices of
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discounts at the hypermarket facilities that are not removed in time
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after the discount is finished. It turns out that you agree, you walk down a corridor,
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you see that there is a discount on a certain type of product, you
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take that product, and when you get to the checkout, you either
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pay for the product and then you realize that the discount was not applied, or before
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pay you realize that the product is worth much more than it appeared. It turns out
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that discounts are placed ... the time for the validity of that discount passes
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and that poster is not removed, that notice and that since obviously it makes
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the customer annoy and it would certainly annoy anyone. Finally, an
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increase in staff turnover during the last year, added to the time
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invested in training, the greater the turnover of staff, because the more
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time has to be invested in training the new staff who have to enter.
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Among the opportunities we have the purchase of products through the mobile
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in warehouses and products in stock, which means savings in inventory and
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reduction of costs for hiring existing personnel. A great opportunity
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here in the use of smartphones is that you can buy
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a product using the QR code reader on your cell phone, so let's say you
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are walking down a corridor and a showcase with certain products with
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certain product stickers. That sticker has a QR code, you take out your
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cell phone, scan it, enter your card details, make the purchase and the promise
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is that when you get home that product will already be there. This is already
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a technology implemented in many warehouses in the world. One of the
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pioneers is for example
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the South Korean. It's called Tesco, you can look it up. We continue the growing increase in
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companies that manufacture products for other brands to market them
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under their name. So I am the warehouse and I contract you to
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make certain types of products. When you send me those products, you
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send them to me with the label of my own brand,
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which is, in other words, called a maquila. You are producing for me and I
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am selling under my own brand. This time I am a warehouse that brings
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many products from other brands but in this case I am not marketing a
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product of my own brand even though it is not manufactured by me but rather manufactured by
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someone else, and our competitors do not have
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our technological infrastructure to adopt the same new technologies, this is
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clear. Threats: low cost stores, what is called the low cost store that
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offer alternative brands in exchange for low prices and it turns out that
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what these stores do is offer products that do not have so much marketing
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behind, that are not as well known and this allows you to offer products that are
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much cheaper. When you as a user, as a customer you access one of
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these stores you know that you will not find products from recognized brands
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but you also know that in exchange for this you will be able to buy those
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products at a much lower cost than what you would buy in a product
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known brand . The arrival of WalMart, a giant of the retail trade in other
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countries of the world and therefore comes to our country and is a major threat. And the
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upward trend to the dollar that increases the costs of the products that are
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imported. Well, with this we already have the panorama of strengths, weaknesses, opportunities and
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threats. We are going to see what the strategies give us
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the strategy that compares the strengths and the opportunities is the strategy of success.
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We have first bypassed opportunity number 2: we are going to sell
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low-priced products under the HomeComb brand compared to
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small supermarkets . Derived from opportunity number 3 and
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strength number 2: we are going to offer a consultation and transaction portal for
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users on the website and app, and look for new allies such as airlines,
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restaurants and gyms to use the points. It turns out that currently at HomeComb they
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have that the user who is in the loyalty program can
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receive their points only for products from the warehouse itself, since
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we have an important infrastructure, an important
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technological infrastructure and we have many suppliers; we are going to make that user can
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receive their points not only inside HomeComb but also inside a
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plane ticket or inside the plate of a restaurant.
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Within the strategy that compares the weaknesses and opportunities, we have
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derived opportunity number 1 and skill number 1: that we are going to set up
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showcases of products without stock in urban places. This will reduce part of
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the shipping logistics because it will not be in the warehouse but from the
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distribution centers. So suppose you are walking to
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catch the subway, you are going to take the bus and right next to you there is a shelf that
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places promotions for laptops, then you approach and see the
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QR code attached, you take your cell phone from the QR code reader you scan and put
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your card details. You just made a purchase just when you are going to take the
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subway to go home. This is a strategy that Tesco obviously already has in place in
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a South Korean warehouse, and at this moment HomeComb sees the
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opportunity to implement it in strategic locations in the city as well.
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Weakness number 2: we are going to code the discount notices posted in
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the mall's facilities to know in time when they should be
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removed. Basically what HomeComb is going to be through this strategy is to
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assign a code to each of the discounts that are placed in the
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aisles and in the showcases and code that within a software and parameterize
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from which date to which date it will be carry out so that when it is close to
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ending its validity, as the software tells us that it is necessary to remove the
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product in aisle 3 so that the customer does not see that discount afterwards they make
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a mistake again. Finally, design and implement an incentive
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plan for staff. It is to avoid the, to reduce the
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high turnover of personnel. We go with the strategy that compares
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strengths and threats: we have within threat number 3: We are going to
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determine alternate suppliers in the region that supply products with
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different currencies . So suppose that we are always
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buying Lenovo computers at a certain currency and that currency started
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to increase ... then we have to pay more for each computer that we buy.
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It turns out that Acer has a factory in our country and can sell these
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products to us in our own currency, as it is better for us to buy products,
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computers from Acer than to continue buying from Lenovo.
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Derived from the threat number one and strength number three, we are going to
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open mini stores in the residential sectors with private label products
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to compete with low-cost supermarkets. So what we are
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going to do is hire maquias, make us our own
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products under the HomeComb brand and we are going to open a store, so the low-cost store
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has a product on one side of the sidewalk, on one side of the street. ..
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we are going to open another one right in front, then we are going to compete face to face
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in the residential sectors, we are going to go to the neighborhoods where the
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people are, where leaving their house they can walk a few meters and they can come and
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buy the products of our own brand.
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And derived from threat number 2 and strength number one: We are going to seek
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commercial alliances with other suppliers that sell products in
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which Walmart is strong and has low prices.
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The survival strategy, the one that compares weaknesses and threats:
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we have derived threat number 2: we are going to strengthen the CRM program to
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retain more customers with the arrival of Walmart. Although Walmart will
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arrive with innovative products and low prices in many of the sectors where
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they are strong, we are going to build even more loyalty to our
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users so that even when they have lower prices there or
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different products there, they prefer to buy from us. us simply for
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a matter of fidelity. Well, this is our example, I hope it was
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understood, I hope you have not been so confused. Remember that in Ingenio company you will
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find the SWOT analysis post and other post about tools that may
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be very interesting for you. I'll leave it in the description of the video and see you
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another time. Bye bye.
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