Swot Analysis Of Mckinsey & Company

Lowe's is one of the biggest big box retailers in the world today. As a result, the company faces competition from various companies, both directly and indirectly. Two of Lowes’ biggest direct competitors include Home Depot and Wolseley PLC, both of which carry similar products in the home improvement category. Each of these retailer On the other hand, an indirect competitor of Lowe’s is any small construction/repair company. These smaller repair companies are classified as indirect competitors because Lowe’s is known as a retailer for “do-it-yourself” home improvement projects. If a repair company is hired to complete a service, Lowe’s is facing indirect competition.

Target Corporation is known worldwide as a large retail chain that brings in millions of dollars each fiscal year. The ability to remain competitive in a saturated industry could prove difficult to some retailers, but Target remains one of the leaders in the retail market. With success comes risk. Target Corporation competes against online retailers as well as “big box” stores to remain competitive.

I work as a Credit Representative for Graco Inc, a Minneapolis based company. Graco Inc is a manufacturing company provider of premium pumps and spray equipment for fluid handling in construction, manufacturing, processing and maintenance industries. As a Credit Representative, we handle both the Credit and Collection functions. In Credit, customers are evaluated on their credit history based on financial statements, credit reports and trade references to determine the financial risk. Our goal is to support sales by extending credit and terms to customers. On the other hand, as Collectors, we perform collection efforts to ensure accounts are paid on time and resolve any outstanding balances. Customers whom tends to struggle on payments and pay late on their bills, our leverage is to hold orders to collect debt.

In analyzing this case study, we looked toward the McKinsey 7-S Model. This model was created and developed by Peters and Waterman of McKinsey and Company. They investigated 43 companies in the US, such as IMB, McDonald’s, TI, HP, etc., all of which were outstanding in their industries, and found common points of success for these organizations. The McKinsey Model is the result of this research. The model consists of 7 elements: Shared Value, Strategy, Structure, Systems, Style, Staff, and Skill. The elements are of crucial importance to the organization and need to be aligned when organizations experience change or challenges. These elements have been outlined below.

In addition to experience in educational institutions, I have worked for Cadbury and Kraft Foods, two large, multinational, and for-profit corporations, and for Centre de santé communautaire, a small, local, and non-profit organization. The administrative roles I have performed, such as procurement analyst and planning officer, have made me a well-rounded business professional and have given me a practical understanding of the skills required to identify and solve advanced business

Target Corporation specializes in the operation of general merchandise, such as electronics, entertainment, sporting goods, toys, apparel accessories, home furnishings, décor, as well as a line of food items. Below is a SWOT analysis on the company.

J. C. Penney Company Inc. is a major retail company which sells merchandise and services to consumers through its department stores and through its internet website jcp.com. It operates about 1100 department stores throughout United States, Alaska and Puerto Rico. It sells family apparel, accessories, jewelry, beauty products and home furnishings. In addition, the company provides its customers with services as styling salon, optical, portrait photography and custom decorating.

Many patients’ lives have been saved and improved, due to the staff’s cutting edge innovative ideas for treatment. The rest of the services offered at Barnes-Jewish Hospital are all equally stunning in the quality of care provided to patients. Patrons can be sure to receive the most up-to-date care and will be attended by some of the best staff in the country. The hospital is dedicated in extending their outreach programs and providing services to the surrounding community (Barnes-Jewish Hospital, 1997-2012).

This model was developed by Tom Peters and Robert Waterman (Mindtools 2012). Essentially, it aims to improve the overall performance and productivity of an organization while aligning all departments to suit the shared vision of the organization (Peters 2011). There are a number of benefits within its flexible nature and ability to look back and analyze the success of a previously implemented strategic change within the organization (Simister 2011). It is retroactive, yet it can be an important diagnostic tool in learning for future endeavors of change (Peters 2009).

The Bargaining Power of Customers: this differs on the variety of deal the client needs. While swapping costs continue high, the propagation of cloud technology recovers the mobility of customers, particularly for small business, general bookkeeping and tax services. Conversely, converting costs in specialist areas and corporate clients stay high, and are showing no signs of reduction any time soon.

The mission statement gives them credibility that if the client trusts the employees of Morgan Stanley, they will try even harder than what the clients will expect from them. This also shows that this company has good work ethics. The work ethics section of the web site states that “At Morgan Stanley, our vision is to be the world's first choice for achieving financial aspirations. Realizing this vision requires that we draw upon our strengths — connecting people, ideas, and capital — to help our clients meet their goals. Its success depends on fostering a culture where our five core values of integrity, excellence, respect for individuals and cultures, entrepreneurial spirit and teamwork are encouraged and rewarded” (http://www.morganstanley.com/about/inside/governance/msg_ethics.html?page=about). The workers will have to be proud of the company that they represent for and satisfied to work to their full potential to exceed their clients’ expectations

The organization design in place at McKinsey was general in nature. The consultants were to be well trained, highly intelligent, disciplined analyst. Though the employees were good problem solvers, they often lacked knowledge concerning the industry, which was demanded by the clients. McKinsey operated under a

Leadership is a complex process by which a person influences others to accomplish a mission, task, or objective and directs the organization in a way that makes it more cohesive and coherent. Leadership, as a process, shapes the goals of a group or organization, motivates behavior toward the achievement of those goals, and helps define group or organizational culture. It is primarily a process of influence. Leadership is a dynamic or changing process in the

SWOT stands for strengths, weaknesses, opportunities, and threats (Ferrell and Hartline, 2014, p. 39). A SWOT analysis evaluates both the internal factors (strengths and weaknesses) and external factors (opportunities and threats) that create advantages and disadvantages to a company when serving its customers (p. 39). A SWOT analysis is extremely beneficial in helping a company determine areas of improvement (p. 39). Internal factors examine the actual company being analyzed while external factors examine the external market (customers and competition) (p. 85).

McKinsey & Company is a privately owned management consulting firm that focuses on solving issues of concern to senior management in large corporations and organizations. Known among its employees simply as "The Firm" McKinsey & Company was founded in Chicago in 1926 by James O. ("Mac") McKinsey. McKinsey was a professor at the University of Chicago who pioneered budgeting as a management tool. Marshall Field's became a client in 1935, and soon convinced James McKinsey to leave the firm and become its CEO; however, he died unexpectedly in 1937.