Reference no: EM13836003
Learning Activity- Assume that you work for a medium-sized business corporation with several business units under the same corporate umbrella.
Your boss knows that you have attended a course on Strategic Management at University of Maryland University College, and recommended you to become a member in the strategic planning committee to design the appropriate strategy in gaining further progress on the road of economic recovery.
The mettle of a person, or a firm, is best tested and judged not in the euphoria of prosperity and boom conditions but in the bleakness of adversity. (Hartley, 2005, p.247)
According to Introduction to Strategic Management (2014), in Chapter 5 "Selecting Business-Level Strategies", "focusing on generic strategies allows executives to concentrate on the core elements of firms' business-level strategies."
Since 2008, the US economy was in Great Recession. Companies in different industries had to weather this turbulent negative economic cycle with their respective strategic moves.
References:
Hartley, R.F. (2005). Management mistakes and successes (8th ed.). Hoboken, NJ: John Wiley.
Unknown (2014). Introduction to strategic management. Washington, D.C.: The Saylor Foundation.
Step 1: Initial response
- Use what you have learned in this course and provide (a) the SWOT analysis and (b) EFE (external factor evaluation) of your focal company.
- Preferably your focal company is your current (or past employer). If the size of your employer is (was) not medium-sized, then you will be better off to choose a medium-sized company in the same industry as your current (or past) employer is (was) in. Or you may choose a medium-sized company in an alternative industry where you are interested to be working (after your graduation or in your future career).
- Decide an appropriate strategic corporate plan
- Devise the business level strategies as well as operational strategies in full support of this newly devised strategy.
- List the implementation stages of the business level strategies.
|
About the god is the fact of death
: the God is the fact of death
|
|
What alternative strategy might have prevented its decline
: Use what you have learned in this course to analyze the decline of OfficeMax in the office-supply industry to its buyout by Boise Cascade Corporation. What alternative strategy might have prevented its decline
|
|
Prepare a classified balance sheet in the vertical format
: Prepare an Income Statement for the period ending 31 July 2014. Prepare a Classified Balance Sheet in the vertical format, as at 31 July 2014.
|
|
Brain size and intelligence
: Is brain size a measure of intelligence? Brain size tends to vary with body size: for example, sperm whales and elephants have brains up to five times as massive as human brains. So across species, brain size is not a perfect measure of intelligen..
|
|
List the implementation stages of the business level
: Devise the business level strategies as well as operational strategies in full support of this newly devised strategy. List the implementation stages of the business level strategies
|
|
Explain why the british colonies in north america revolted
: According to the British King and bureaucracy, the colonists were acting like spoiled children. According to the colonists, the British were overbearing, over-taxing, and ignoring their grievances.
|
|
Caused the reactions of the japanese sales manager
: Interpret what you think have caused the reactions of the Japanese sales manager as mentioned in the Case Study. How are the personal ethics and corporate ethics interpreted differently (a) in the USA, and (b) in Japan
|
|
Establishing and managing a subsidiary
: Illustrate the difficulties of establishing and managing a subsidiary in terms of strategic ethical considerations - not only because of differences in corporate (organizational) cultures, but also in national cultures and laws
|
|
Essence of data exploration
: It is important to look at data in a graphical form. Patterns are the essence of data exploration, and the eye's ability to discern forms and patterns makes visual display integral to the process.
|