analyze common business cases in different environments and how to manage them strategically to maximize profits and minimize negative possibilities.
Do not simply answer the questions; provide support and articulate a path forward with your strategic alternatives. The paper is similar to composing a business proposal for executives to learn about the firm’s best opportunities and next steps toward them. The main purpose is to apply our textbook reading to provide strategic options, justifying our alternatives from research.
1. Introduce the organization: basic facts and current status
Ch. 1
2. Specifically identify the industry, life-cycle stage and the competitors – see IBIS World database
Ch. 2
3. Who has succeeded and failed in the industry? What are the Critical Success Factors?
Ch. 2
4. What political/legal forces affect the industry?
Ch. 3
5. What economic forces affect the industry? What is the market structure?
Ch. 3
6. What social forces affect the industry?
Ch. 4
7. What technological forces affect the industry?
Ch. 4
8. What is the current firm-level / corporate-level strategy: Growth strategies / Stability strategies / Retrenchment strategies
Ch. 6
9. What is the current business-level [generic] strategy? See Porter’s generic strategies: low-cost; differentiation; market-wide [broad] or niche?
Ch. 7
10. What are the business strategies of the major competitors?
Ch. 7
11. What is the organization’s financial position and financial strategy – how do they make and invest their money?
Ch. 8
12./13. What are the organization’s Strengths and Weaknesses? On what competencies should they build? Use bullet lists and tables such as for the SWOT analysis.
Ch. 9, SWOT
14./15. What are the organization’s Opportunities and Threats? How should they address or overcome them? Use bullet lists and tables such as for the SWOT analysis.
Ch. 9,
SWOT
16. What strategic alternatives are available to the organization?
Ch. 9
17. What are the pros and cons of these alternatives?
Ch. 9
18. Which alternative should be pursued and why?
Ch. 9
19. How should these alternatives be implemented? (What are the next 3 steps to be taken?)
Conclusion:
The conclusion should provide your best strategic alternatives.
Utilize Book for information and reference
Panell, J. A. (2020). Strategic Management Theory and Practice (6th ed.). Academic Media Solutions. https://mbsdirect.vitalsource.com/books/9781950377169
