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

The new government when establishing a suitable tax, The country of Changel...

The country of Changeland has, for many years, operated as a military dictatorship. Last year, though, a people's revolution brought a democratic election for the first time in liv

Sales and marketing, Demonstrate your understanding of the principles of ma...

Demonstrate your understanding of the principles of marketing by illustrating the motivation behind energy drink consumer question #Minimum 100 words accepted#

What are the types of participation worker, What are the types of participa...

What are the types of participation worker? Types of Worker’s Participation are as follows: Worker’s participation into management may take several forms, for example:

The four seasons corporation, what market segment will the company be targe...

what market segment will the company be targeting?why?

9 cor concepts, what are the nine core concepts of marketing?

what are the nine core concepts of marketing?

#title. group international expansion report and presentati., The Bank has ...

The Bank has developed a reputable brand in the Australian and New Zealand markets and is now looking for suitable acquisitions and strategic partnerships in foreign markets in ord

Systems orientation, PM alone cannot eliminate or drastically reduce break...

PM alone cannot eliminate or drastically reduce breakdowns. Supporting it there should be various steps taken in design development and engineering such that maintenance itself

Characteristics of small island developing states, Question 1: a. Crit...

Question 1: a. Critically discuss the concept of ecotourism as a strategy for sustainable development. Use relevant examples where appropriate. b. Discuss the different e

Show the different quality attributes, Question: a) Explain the differe...

Question: a) Explain the different steps involved in the processing of poultry? b) What are the different quality attributes which make you understand that fresh eggs are f

Evaluate the importance of business processes, Evaluate the importance of b...

Evaluate the importance of business processes in delivering outcomes based upon business goals and objectives. a. How would you classify the GE culture in terms of the "Handy Mo

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