Essay About Internal Analysis Of J&J And Internal Analysis

Internal Analysis of J&j Electrical Contractors, Inc.
Internal Analysis of J&J Electrical Contractors, Inc.Tiffany SuNotre Dame de Namur University Author’s Note        Tiffany Su, School of Business, Notre Dame de Namur University.        This research was done for BUS 2980W-01 taught by Don Campodonico.         Corresponding concerning his article should be addressed to Tiffany Su, School of Business, Notre Dame de Namur University, 1500 Ralston Avenue, Belmont, CA 94002.         Contact: [email protected] Abstract        This paper will focus on the internal analysis of the J&J Electrical Contractors. The analysis will look at the key strengths and weaknesses of the company. This will be done by looking at the resources that the company possess and to integrate them into what the company is capable of doing. This will also include an analysis of the company’s core competency. There will also be a financial analysis of J&J to assess their ability to implement a new strategy. The internal analysis includes a brief overview of their value chain and how they create value for their customers. Internal Analysis of J&J Electrical Contractors, Inc.Introduction        J&J Electrical Contractors is considered a “small fish in a big pond.” The purpose of this internal analysis is to identify the strengths and weaknesses of the company internally which can determine the firm’s future success. The firm’s strengths is what the company can rely on and the weaknesses are needs that need to be corrected or minimized as competitor factors. This analysis also includes looking at the firm’s competitive advantage which are factors that set a company apart from its competitors and gives it a unique position in the market. In addition to their competitive advantage, it is important to look at their core competency which is a unique set of lasting capabilities that a company relies on to achieve competitive advantage and add value. A look at J&J’s value chain and doing a financial analysis will help determine more strengths and weaknesses that the company possesses.  Competitive Advantage        J&J Electrical has unique factors that enable them to provide value for their customers. The reason that J&J has been able to stay afloat is due to their excellent experience in the field. J&J is known to be a company that knows what they are doing and are exceptional with their customer service. J&J has been in the industry long enough to know how contracts should be won and how they should not be won. For example, J&J is very smart in terms of how they handle change orders. Compared to amateurs, J&J wants to have legitimate change orders whereas their competitors will “push the envelope by starting out with a low bid and then try to recoup their costs by submitting change orders.” J&J knows better than to do this by doing everything right in the beginning so that these illegitimate change orders are not needed. This is an example of how J&J’s vast experience in the industry has become a competitive advantage for them compared to the other companies that are recouping for their low bidding by requesting change orders.