SWOT Analysis
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SWOT Analysis
Strengths:
- Creativity and innovation are experienced as employees are allowed to have a say in running the business.
- Decision making for all employees as everyone has access to information; thus, solutions could surface from anywhere in the organization regardless of position.
- Power and autonomy among employees build trust.
- An annual growth rate of approximately 25% was experienced.
- A secure customer base and a large market share are experienced.
- Customer relationships are maintained, and their needs are met.
- Reduces time to be used in decision making as there is no hierarchy.
Weaknesses:
- Ability to transition effective running of the business from a small number of employees to a larger one.
- Transparency is not facilitated as employees tend to focus on what they think should be done on a particular moment without making exclusively aware other parties that needed to be aware of their actions.
- Power and autonomy challenged the implementation and realization of set goals as they could choose not to participate.
- Culture in the company sometimes interfered with its growth; this was experienced when a successful manager in running Microsoft was absorbed into the company but was not successful as employees in iQmetrix didn’t like to take orders.
- At times, the “150 rule” of employment hindered the company from achieving contracted jobs as they didn’t have enough workforce.
- Low levels of accountability are experienced in decision making.
Opportunities:
- Setting measurable, realistic goals could lead to the effective running of the business.
- The introduction of the semi-autonomous business rule could help balance the company’s culture and the realization of the goals set.
- Opening new offices if the market need arises rather than increasing employees in the old offices could lead to continued implementation of its culture.
Threats:
- The increased number of employees in the company challenges holocracy.
- Competition from other upcoming high-tech companies.
- Continued growth over time, which translates to high demand in the market and increased workforce, could challenge productivity and efficiency.
References
PAUL, J. (2005). DR. CHRIS STREET, PH. D (Doctoral dissertation, Victoria University, Wellington, New Zealand 2015).