Reference no: EM133777376
Homework: Business Strategies Proposal
Porter's five forces is an analysis strategy for an organization's business environment and is used to identify an organization's competitive positions. Strategic planning managers, marketing managers, sales managers and supply chain managers commonly use this technique when looking at the competitive advantage. Looking at your competitive advantage is important to aligning the operational needs with the business strategies.
Scenario
You've spent the past few weeks analyzing your selected organization and have learned about its organizational needs. Your next project as manager is to develop a proposal for how the organization can align their operational needs with the organization's business strategies. This proposal needs to include an analysis so the executive level can understand the past in order to improve the future of the organization.
Preparation
Continue using your selected organization. Review sources on your organization to gather information for your proposal. Use the University Library resources for additional guidance regarding management strategies and leadership models.
Task
Write a 700 to 1,050 words proposal to the organization's executive team of your plan to align the operational needs with business strategies based on your analysis. Include the following in your proposal: Everything is provided below in the bold. I will be using Abercombie & fitch.
Analyze the organization based on Porter's five forces. Determine the strength of each force and how influential each is to the organization.
Analyze the effectiveness of the leadership model the organization is currently using. Consider the current leadership styles in place at the organization, the effectiveness of the leadership styles, and whether an alternative style would be more impactful.
Recommend alternative effective leadership models and explain how adapting these models will benefit the organization in aligning operational needs with business strategies.
Business-level strategies that Abercrombie & Fitch Co. is pursuing include target market expansion, integration of sustainable practices and products, and resource management. Abercrombie & Fitch Co. aims to offer more diverse products while still striving to satisfy the increasing demand for eco-friendly products. Also, the company is investing in integrating its channels to improve its online presence, properly allocating resources, and emphasizing sustainability and social responsibility (Feed, 2023). In addition, international expansion and cost management are the corporate-level strategies that Abercrombie & Fitch Co. is focusing on. The organization is determined to grow in global markets such as Asia and Europe while implementing cost-saving measures to improve its profitability at the same time. They are also committed to strengthening sustainable supply chain and operations practices.
Changing consumer preferences and spending habits, trends in sustainable fashion, and competition are the industry changes the middle manager in the business operations department would need to consider when modifying these strategies. According to Fuxman et al. (2022), by understanding and evaluating these changes, the middle manager can effectively modify company strategies to ensure they remain competitive, relevant, and aligned with market trends and customer expectations.