Reference no: EM132865728
Task 1
Instructions:
For this assignment purpose you have to select an organization (can be your organization), analyse their strategic situation and based on that analysis come up with a strategic presentation. Your presentation is to be made to the board of directors and you should:
1. You have selected an organization of your choice, now carry out a situational analysis of the organization but present the finding of the situational analysis only in this presentation. The full situational analysis will be presented in the coming tasks. The situational analysis should be carried out with the help of following tools and models.
1. McKinsey 7s Framework
2. SWOT Analysis
3. Porter's Five Force Analysis
1. Explain what is meant by strategy and strategic management, and convince the board why they should revaluate the current strategic approach while appreciating the importance of strategic management.
2. Come up with a practical strategy in the given strategic situation of the selected organization, explain and justify the strategy from the perspective of the five P's of Strategy.
3. Give a detail outlook of your current strategy and identify risks that can push your strategy beyond what you are expecting and carve out a future emergent strategy based on the influencing factors in the market place of your selected organization.
Task 2
Instructions:
Following your presentation, you should now prepare a new strategic plan:
1. Carry out a detailed situational analysis of the selected organization. A summarized finding of this analysis will also be presented in the task 1. Situational analysis should be carried out with the help of following tools and models.
1. McKinsey 7s Framework
2. SWOT Analysis
3. Porter's Five Force Analysis
1. After the situational analysis you are now focused on developing new strategic direction for the organization. Now critically analyse the already Vision, Mission statement and offer a new Vision and mission based on which you will construct a new vision and mission statement.
2. Analyse the organization's goals and values to see if they are aligned with your new Vision and mission and justify the alignment. If there is no alignment, outline new goals and values for your selected organization.
3. Critically evaluate the relationship between the organisation's corporate, business and operational strategies. And recognize your chosen organization's core competitive advantage. Explain how that core advantage can be turned to competitive advantage that will serve as base for your strategic formulation.
4. Critically apply the Porter's Generic competitive strategies model to evaluate your organizations strategic standing. Select and justify one strategy for your organization.
Task 3 - Reflective Essay
Instructions:
Now you have generated your strategic options. Based on which you will now implement and evaluate your strategic option. Now,
1. First you will explain in detail the general Strategic management process including detailed description of the strategic planning, Strategy formulation, Strategy implementation and strategy evaluation
2. Now, you will apply the strategic management process to your organization, specifying how you will formulate a strategy based on the generated strategic option in task 2; implement that strategy and how you will evaluate your strategy.
Attachment:- Assignment.rar