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Ogl 355-Leading Organizational Innovation and Change-Module 3-Team Assignment-Ringleaders
Ogl 355-Leading Organizational Innovation and Change-Module 3-Team Assignment-Ringleaders
SWOT Analysis
Objectives:
Complete the following and turn in as a team assignment. There is no need to create any other
document, just complete this one, save as, and post for your team. Everyone earns the same
grade unless consequences of non-participation are enacted (see Worksheet 1b, #2). Make sure to
support your ideas and cite from the textbook and other course materials per APA guidelines.
1. The SWOT analysis is an approach that provides so much information and aids in
alternatives are identified.” (Larson, 2021). The SWOT analysis provides negative
and positive information to both the internal and external environments. It also
allows for the decision makers of the organizations’ to see the strengths and
weaknesses as well as threats in the external areas and what strategies might be
best to utilize. Our book states, “The SWOT analysis points to strategic issues
management organizational
earn excellent.
has strong brand recognition. The company has been in business for 200 years and
has established their name and reputation and is a trusted bank. According to
Bank Director.com “Chase is one of the most consistent banks out there, its
customers also lodge fewer complaints with the Consumer Financial Protection
Bureau than they do for the other three largest banks” (Bank Director Research
Group p 13). Since the banking industry deals with other people's money and
with a new or unknown bank. People are more likely to trust their money and
information with an established and well known brand like JP Morgan. Bank
Director.com goes on to talk about how JPMorgan, “has increased its brand
recognition with Chase Quick Pay, a person-to-person payments app, and has
reconfigured bank branches with self-service touches such as cardless ATMs that
2. Online Services: In today’s society people use technology for everything they do
from online school to ordering food and Online banking is no exception. People
want to associate with companies that make their daily lives easier. According to
including artificial intelligence, cloud and blockchain, all while expanding its
because they understand that the younger generations operate online and what
consistently has one of the top mobile banking apps” (Bank Director Research
Group p 14).
4. Provide reasoning for two of your weakness selections with sourcing for at least 1 to
earn excellent.
1. JP Morgan Chase is heavily focused on being the leading financial institution
within the United States. That has made them less of a global market threat. JP
Morgan Chase currently only operates in 60 countries (Our Business, n.d.). While
outside of the United States as well as releasing subpar technology was when their
UK based banking app crashed for an entire day locking users out (Flinders,
2022). However there have also been similar smaller scale issues in the United
States as well. In August 2021 Chase had to notify customers of a potential data
breach that occurred due to a technical issue allowing customers to see other
(Coble, 2021).
5. Provide reasoning why for two of your opportunities (external influence on the
organization, not something the organization would initiate) selections with sourcing
1. JP Morgan largely focuses their services within the United States. While this is
opportunities. While they do operate in 60 other countries, they can increase their
presence in those existing countries and also expand into other countries. Not only
offering their banking services, but also investing into these other countries.
2. JP Morgan has been known for its mergers and acquisitions, with PNC financial
services for example (Shastri, 2022) . Since they are one of the larger banking
service companies, they have a better opportunity to expand by using this tactic to
competitors at the same time. They have a strong track record for choosing the
right companies to merge with and could benefit from focusing on continuing to
do so.
6. Provide reasoning for two of your threat selections with sourcing for at least 1 to
earn excellent.
because Chase makes its money off the transactions of their customers. During
hard financial times people do not spend as much money. This ultimately means
less money running through the company. Because of this, a financial crisis would
greatly affect the company's income. This threat is also hard to predict and is out
of Chase’s control. This means the company needs to have a thorough assessment
2. Another large threat to the company are their competitors. Because JP Morgan is
a huge company spread out into several different markets they have many large
competitors. In order for JP Morgan/Chase to stay the top banking choice they
must introduce new ideas and incentives for their customers. On JP Morgan's
website it states their approach to staying the top choice for banking, “We demand
financial rigor and risk discipline. We will always maintain a fortress balance
Bank Director Research Group. (2017, November 29). 2017 RankingBanking: The best of the Biggest:
Business Principles Operational Excellence. (n.d.). JPMorgan Chase & Co. Retrieved November 7,
2022,from https://www.jpmorganchase.com/about/our-business/operational-excellence
Coble, S. (2021, August 19). JPMorgan Chase Notifies Customers of Data Breach. Infosecurity
Magazine. https://www.infosecurity-magazine.com/news/jpmorgan-chase-notifies-customers/
Flinders, K. (2022, October 6). JPMorgan’s UK digital bank app outage locks customers out.
ComputerWeekly.com. https://www.computerweekly.com/news/252525772/JPMorgans-UK-
digital-bank-outage-locks-customers-out
Larson, E., & Gray, C. (2021). Project management: The managerial process. (8th ed.). McGraw-Hill
Education
MBA Akool Team. (2022, May 15). JP Morgan Chase SWOT Analysis, Competitors & USP. MBA
SKOOL. https://www.mbaskool.com/brandguide/banking-and-financial-services/617-jp-
morgan-and-chase.html
McCormick, Emily. (2021 December 13). 2022 Rankingbanking: The Best Banks: National Banks. Bank
Director. https://www.bankdirector.com/rankingbanking/
https://www.icbc.com.cn/ICBC/EN/CorporateFinance/GlobalService/OverseasBranches/
OverseasBranches/
business
Shastri, A. (2022, March 5). Extensive SWOT analysis of chase - 2022 | IIDE. Retrieved from
https://iide.co/case-studies/swot-analysis-of-chase/#Opportunities_for_Chase