Reference no: EM131845587

Problem: The goal of the strategy term project is to give you practical experience with the elements of strategic management. This can be done individually or in a study group. Each end-of-chapter assignment requires data collection and analysis relating the material discussed in the chapter to the firm you select here for study throughout the course. At the end of each chapter, we make additional stages of a strategic analysis available. The goal of this term-long project is to give you a tangible application of many of the concepts discussed in the text. By the end of the project, you will not only have practice in using key strategic management components and processes to increase your understanding of the material, but you will also be able to conduct a complete strategic management analysis of any company. The "HP Running Case," a related activity for each strategy term project module, is available in Connect.

Module 1; Initial Firm Selection and Review

In this first module, you will identify a firm to study for this project. We suggest you select one company and use it for each module in this term project. Choose a firm that you find interesting or one that is part of an industry you would like to know more about. Throughout the modules, you will be required to obtain and analyze a significant amount of data about the firm. Therefore, a key criterion is also to choose a firm that has data available for you to gather. The primary approach to this project is to select a publicly held firm. Many large firms (for example, Apple, Google, and GE) have been widely reported on in the business and popular press, and a wealth of information is available on them. Other medium-sized public firms, such as Tesla Motors, Netflix, and BlackBerry, can be used as example firms for this project. One cautionary note: For firms that are less than three years public or in industries that are not well-defined, it will take extra effort to properly identify such items as competitors and suppliers. But if it is a firm you are truly motivated to study, the effort can be quite rewarding. Relevant data on all public firms can be freely obtained using web services such as Edgar. (For guidance on how to pull data from the Securities and Exchange Commission (SEC) website, ask your instructor to download instructions from the Instructor's Resources tab in Connect)

Annual reports for firms also are a treasure trove of information. These reports and other quarterly update materials are often available from the firm's own website (look for "about us" or "investor relations" tabs, often located at the bottom of the company's website). Additionally, most university and public libraries have access to large databases of articles from many trade publications. (Factiva and ABI/Proquest are two examples.) Company profiles of a variety of publicly listed firms are available at reliable websites such as Hoovers and finance. Also, many industries have quite active trade associations that will have websites and publications that can also be useful in this process. Your local librarian can likely provide you with additional resources that may be licensed for library use or that are otherwise not available online. Examples of these are Value Line Ratings & Reports and Datamonitor. A second approach to this project is to select a smaller firm in your area. These firms may have coverage in the local press. However, if the firm is not public, you will need to ensure you have access to a wide variety of data from the firm. If this is a firm for which you have worked or where you know people, please check ahead of time to be sure the firm is willing to share its information with you. This approach can work well, especially if the firm is interested in a detailed analysis of its strategic position. But to be successful with this project, be sure you will have access to a broad range of data and information (perhaps including interviews of key managers at the firm). If you are in doubt on how to select a firm, check with your instructor before proceeding. In some instances, your instructor will assign firms to the study groups. For this module, complete or answer the following:

1. Provide a brief history of the company.

2. List the top management of the firm and note what experience and leadership skills the executives bring to the firm. If it is a larger conglomerate, list both the corporate and business managers.

3. What is the principal business model of the firm? (How does the firm make most of its profits?)