Question –
1. Explain and examine the external factors affecting your chosen organisation? How important are they for a company’s sustainability and survivability? Analyse the major changes taking place in the external environment that will affect strategy of your chosen organisation.
2.Give out the important stakeholders of your chosen organisation, analyse the needs and expectations of these stakeholders, including how they can influence strategic decision making in the organisation.
3. Use appropriate tools, for e.g. value chain analysis, Porter’s Five Forces, Boston growth-share (BCG) matrix, SWOT analysis, etc. to analyse and review where your own organisation is positioned in the marketplace with respect to its current business plans? Thereafter, evaluate the competitive strengths and weaknesses of your chosen organisation’s current business strategies.
4. Use any two modelling tools to develop strategic options for your chosen organisation, for e.g. you can choose Ansoff matrix strategies; vertical, backwards and forwards integration; horizontal integration; differentiation; cost leadership; Mintzberg’s strategies (deliberate, emergent); leadership and differentiation; etc.
5. Develop comparative activities between your chosen organisation with another competitor in the market. Thereafter, create options to form the basis of future organisational strategy of your chosen organisation.
6. What are the key factors you would consider while constructing a strategy plan for your chosen organisation. Based on the key factors identified, propose a suitable structure for a strategy plan that ensures appropriate participation from all the stakeholders of the organisation.
Based on the proposed structure of strategy plan of the organisation, develop criteria by reviewing potential options available for developing a robust strategy plan.
Thereafter, construct an agreed strategy plan that includes all resource implications.
7. Explain the core values (ethical, cultural, environmental, social and business) of the chosen organisation and compare these with the current business objectives of the organisation?
8. Based on core values alignment with business objectives, as stated in Q.7, develop appropriate vision and mission statements of the chosen organisation.
In further alignment with the vision and mission statements of the organisation, produce agreed future management objectives of the organisation.
Finally, develop measures to evaluate the strategy plan of the organisation?
9. Based on the constructed agreed strategy plan designed by you in Q.6 for your chosen organisation, develop a schedule for implementing this strategy plan; and also design monitoring and evaluation systems for implementing the strategic plan of the organisation. As stakeholders play a vital role in influencing business strategies, create an appropriate dissemination process to gain their commitment and approval of the strategic plan.
Outline –
Scope (LOs and ACs) of this assignment:
Learning Outcome 1: Understand the external environment affecting an organisation.
AC 1.1: Explain the importance of external factors affecting an organisation
AC 1.2: Analyse the needs and expectations of stakeholders of an organisation
AC 1.3: Analyse the major changes taking place in the external environment that will affect strategy
Learning Outcome 2: Be able to review existing business plans and strategies of an organisation
AC 2.1: Use appropriate tools to analyse the effects of current business plans
AC 2.2: Review the position of an organisation in its current market
AC 2.3: Evaluate the competitive strengths and weaknesses of an organisation’s current business strategies.
Learning Outcome 3: Be able to develop options for strategic planning for an organisation
AC 3.1: Use modelling tools to develop strategic options for an organisation.
AC 3.2: Develop a comparative understanding of activity from organisations in the market
AC 3.3: Create options to form the basis of future organisational strategy
Learning Outcome 4: Be able to construct a strategy plan for an organisation environment
AC 4.1: Propose a suitable structure for a strategy plan that ensures appropriate participation from all stakeholders of an organisation
AC 4.2: Develop criteria for reviewing potential options for a strategy plan
AC 4.3: Construct an agreed strategy plan that includes resource implications
Learning Outcome 5: Be able to examine factors affecting an organisational strategy plan
AC 5.1: Compare core organisational values (ethical, cultural, environmental, social and business) with the current business objectives of an organisation
AC 5.2: Develop appropriate vision and mission statements for an organisation
AC 5.3: Produce agreed future management objectives for an organisation
AC 5.4: Develop measures for evaluating a strategy plan
Learning Outcome 6: Be able to plan for the implementation of a strategy plan
AC 6.1: Develop a schedule for implementing a strategy plan in an organisation
AC 6.2 Create appropriate dissemination processes to gain commitment from stakeholders in an organisation
AC 6.3 Design monitoring and evaluation systems for the implementation of a strategy plan in an organisation
Resources – https://news.airbnb.com/serving-all-stakeholders/
Requirements –
Need AC 6.1, 6.2 and 6.3 to be strengthened.
