Instructions: /0x4*
For the purpose of this assignment; you have to select an organisation (can be your organisation), analyse their strategic situation and based on the analysis, come up with a strategic presentation. Your presentation is to be made to the board of directors, where you should:
1.Explain, what is meant by strategy and strategic management and convince the board why it is essential to have a clear strategic direction.
2.Select an organisation of your choice; carry out an internal situational analysis of the organisation. The situational analysis should be carried out with the help of McKinsey 7s Framework.
3.Give a detailed outlook of your current strategy, identify risks that can push your strategy beyond what you are expecting, and carve out a future emergent strategy based on the influencing factors in your selected organisation?s marketplace.
4.Come up with a practical strategy in the given strategic situation of the selected organisation, explain and justify the strategy from the perspective of the five P?s of Strategy.
Delivery and Submission:
? 1x PowerPoint Presentation (600 Words Equivalent)
? 1x Executive Summary of the presentation in MS Word format (circa 400 words)
Referencing:
A comprehensive Harvard style reference list must be included at the end of the work representing the in-text citations used in reference to the published work. (both in-slide citations and Reference list is required)
Task 2 of 3 ? Essay
Instructions:
Following your presentation, you should now prepare a new strategic plan:
1.Carry out a detailed situational analysis of the selected organisation. An extensive situational analysis should be carried out with the help of following tools and models.
1.SWOT Analysis
2.Porter?s Five Forces Analysis
2.After the situational analysis, you are now focused on developing a new strategic direction for the organisation. Now, critically analyse the already Vision, Mission statement and offer a new vision and mission based on which you will construct a new vision and mission statement.
3.Analyse the organisations goals and values to see if they are aligned with your new Vision and mission and justify the alignment. If there is no alignment found, outline new goals and values for your selected organisation.
4.Critically evaluate the relationship between the organisation?s corporate, business and operational strategies. And recognise your chosen organisation?s core competitive advantage. Explain how that core advantage can be turned to a competitive advantage that will serve as a base for your strategic formulation.
5.Critically apply Porter?s Generic competitive strategies model to evaluate your organisations strategic standing. Select and justify one of the generic strategies for your organisation.
Delivery and submission:
? Strategic Plan in Ms Word (circa 2000 words)
Referencing:
A comprehensive Harvard style reference list must be included at the end of the work that represents the in-text citations used in reference to the published work. (both in-text citations and Reference list is required)
Task 3 of 3 ? Reflective Essay
Instructions:
Now you have generated your strategic options. Based on which, you will now implement and evaluate your strategic option. Therefore,
1.First, explain in detail, the general Strategic management process; including a detailed description of the strategic planning, Strategy formulation, Strategy implementation and strategy evaluation.
2.Now, apply the strategic management process to your organisation; specifying how you will formulate a strategy based on the generated strategic option in task 2; implement that strategy and how you will evaluate your strategy.
Delivery and submission:
? 1x Reflective Essay (circa 1000 words)
Referencing:
A comprehensive Harvard style reference list must be included at the end of the work that represents the in-text citations used in reference to the published work. (both in-text citations and Reference list is required)
———————————————————————————————————–
Evidence to be submitted:
1.PowerPoint Presentation ? (600 words equivalent)
2.Executive summary ? 400 words
3.Strategic Plan ? 2000 words.
4.Reflective Essay ? 1000 words.
