Frameworks - indication industry maturity , Business Management

Assignment Help:

Frameworks (e.g. 'S'-curve indication industry maturity), models (e.g. Porter's Five Forces model), techniques (e.g. Key Success Factor analysis in combination with competitor analysis) of strategic analysis. Real business situations are highly complex, hence we will never get the "complete" picture (no such luck, unfortunately!). Even, if we did, the picture would be short-lived given the rapid pace of change in the external environmental. Hence the best we can strive to achieve is the emergence of patterns - enough pieces of thepuzzle, as it were, to get an idea of the bigger picture so that we can proceed with identifying possible options. It is important to note that there will be no single 'right' answer; there may possibly be a number of options. The second important task of strategic direction is then to generate, evaluate and ultimately select an appropriate strategic option from a set of options that present themselves. For this, you will also need to fall back on techniques that will have been introduced in the course - e.g. the Feasibility- Desirability- Suitability approach - ideally extended to include a first-level semi-quantitative ranking.

In essence, this covers the Strategic Direction part of the IMP. Assessment Notes: In order to do well on this part (which accounts for approximately 40% of the overall Project) you will have demonstrated your ability to:

  • identify and articulate the managerial problem or challenge in question
  • carry out a good issues-based problem analysis on this problem
  • Select and apply - judiciously; 'less' is sometimes 'more'! - appropriate tools of strategic analysis
  • show how the part-insights (individual pieces of the puzzle) generated by individual tools of analysis coalesce to form an integrated, bigger picture
  • derive options and high-level managerial implications from the overall strategic analysis
  • derive and articulate appropriate, concrete and realistic managerial actions on the basis of the insights generated; preferably prioritised (what 2 or 3 actions would your boss be best advised to undertake for maximum impact; and with what probability of success?)
  • assess risk and impact for the organisation (and in the broader sense, stakeholders) resulting from the proposed action Students typically lose marks by failing to:
  • clearly establish, from the outset, the business case and strategic rationale in the context of the specific management challenge in question; i.e. failing to identify and address (a) what's in it (value proposition), (b) for whom (stakeholders), and (c) why (business rationale)?
  • provide a well-structured strategic analysis based on an insight-driven approach as opposed to a tools-driven approach to resolving the key strategic questions under scrutiny;
  • develop strategically relevant insights on the basis of an integration of insights gained from the appropriate application of suitable tools and instruments of strategic analysis
  • discuss practical implications of the recommended actions and an assessment of potential impact on the organisation (reality check); i.e. identifying potential obstacles that relate to the specific context of the firm; identifying early wins

Related Discussions:- Frameworks - indication industry maturity

Business Communication, Q6. Explain the different delivery styles that spea...

Q6. Explain the different delivery styles that speakers can select for their presentation

Explain epayments, Question 1 International banking system enables trading...

Question 1 International banking system enables trading in multiple currencies. Explain the concept and need of international banking Question 2 Define and explain capital a

Applying Psychology at work, You are a middle manager for a company and are...

You are a middle manager for a company and are planning a training session for your supervisors on effective versus ineffective leadership. You know from past training sessions tha

Discuss the limits to rational decision-making, Question 1: (a) ‘Decisi...

Question 1: (a) ‘Decisions should be thought of as a means rather than ends. They are manager's responses to problems and the results of a process of thought and deliberati

Describe the communication flow in organizations, QUESTION 1 (a) Descri...

QUESTION 1 (a) Describe the Five basic propositions which form the premise of Neher‘s views on organizational communication. (b) Describe the communication flow in organizat

Explain how a commercial bank normally derives its profits, QUESTION (a...

QUESTION (a) Explain how a commercial bank normally derives its profits. (b) The business of banking entails risk taking to achieve return on investment since profits are co

Management, should video game companies continue to alter their products to...

should video game companies continue to alter their products to include other functions such as EMAIL?

Centralization of authority and responsibility, Ask question the principle ...

Ask question the principle of centralization and responsibility

Bma, 5 steps in the process of evaluating the purchasing and suppy

5 steps in the process of evaluating the purchasing and suppy

Production capacity and storage facility, The capacity of production sys...

The capacity of production systems as well as the nature of storage faculties considerably affects the inventory policy of an organization, e, g capacity for heating oi

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd