Reference no: EM133542350

Assignment

Instructions:

One sample activity for a strategic management paper could be a case study analysis. You can choose a real-world company and examine its strategic management practices, analyzing its success or failure in achieving its strategic objectives. Here's a step-by-step guide on how to approach this activity:

Question A. Select a company: Choose a company that is well-known and has a substantial amount of information available to conduct a thorough analysis. It can be from any industry or sector.

Question B. Gather information: Collect relevant data and information about the company's history, industry context, competitive landscape, organizational structure, key products or services, financial performance, and any significant events or changes it has experienced.

Question C. Identify the company's strategic objectives: Determine the company's stated strategic objectives, which can usually be found in their mission and vision statements, annual reports, or strategic plans. These objectives define what the company aims to achieve in the long term.

Question D. Analyze the external environment: Conduct an analysis of the external environment by using tools like PESTEL analysis (Political, Economic, Social, Technological, Environmental, and Legal factors) or Porter's Five Forces analysis (industry competitiveness). Assess how these external factors might impact the company's strategic decisions.

Question E. Assess internal capabilities: Evaluate the company's internal strengths and weaknesses. This analysis may include examining its resources, capabilities, core competencies, and competitive advantages. Consider aspects like organizational culture, leadership, innovation, and human resources.

Question F. Evaluate strategic choices: Identify the strategic choices the company has made to achieve its objectives. Analyze the strategies employed, such as market expansion, product diversification, cost leadership, or differentiation. Assess their alignment with the external environment and internal capabilities.

Question G. Evaluate strategy implementation: Assess how well the company has executed its chosen strategies. Examine factors such as resource allocation, operational effectiveness, change management, and strategic alignment across various departments or business units.

Question H. Analyze performance and outcomes: Evaluate the company's performance in terms of financial results, market share, customer satisfaction, and other relevant metrics. Compare the actual outcomes with the intended objectives to determine the effectiveness of the strategic management practices.

Question I. Identify lessons learned and recommendations: Summarize the key insights gained from the analysis and identify any lessons learned. Based on the findings, provide recommendations for improving the company's strategic management practices or suggest alternative strategies that could have been pursued.

Question J. Conclusion: Summarize the main findings and conclude the analysis, highlighting the strengths and weaknesses of the company's strategic management approach and discussing the implications for its future success.

Remember to support your analysis with credible sources, such as academic articles, industry reports, and company documents, to provide a well-rounded and evidence-based discussion.