What are your staff weaknesses relative to competitor

Assignment Help Other Subject
Reference no: EM13851169

Please read the guidelines carefully and start assignment. references should be minimum of 25 and not from web sources. references should be from journals,books and publications.

Scenario

• You have been contacted by the major shareholders at General Motors (USA) to provide an accurate and current analysis of their Holden subsidiary.

• Subsidiaries are a common feature of multinational corporations who generally organise their businesses into national and functional subsidiaries

• A subsidiary is a business/organisation that is completely or partly owned (major shareholder) by the parent organisation and thus the parent organisation normally controls the activities and policies of the subsidiary (therefore, Holden is the Australian arm of General Motors).

• So you are working as a consultant to suggest a new (internal, external or partnership) venture, (on a based analysis of the Holden subsidiary) which will create rapid growth.

• The report should be addressed to/written for the shareholders of GM.

-Macro External Environment:

- Environmental factors that indirectly affect the organisation, such as government legislation, demographic and social trends.

- Comprises political, economic, socio-­­cultural, technological, environmental & legal environmental forces.

Assessment of the external environment, drivers of industry competition and the competitor analysis provide a basis of information for the SWOT.

SWOT

• Assess your organization's current position relative to competitors and potential customer needs

• Provides insights into market opportunities, threats and trends to optimize returns on investment

• Reviews your dependence and value attached to your supply chain as well as the sustainable nature of your competitive advantage

• Increases the likelihood of successful new product or service launches, partnerships developments and efficient outsourcing

1. Identify the strengths

2. Determine the weaknesses

3. Consider the opportunities

4. Locate the threats

5. Create a balance and holistic SWOT analysis

STEP 1

Maintain and build these aspects

Consider:

• What do you do better than anyone else?

• Why should people purchase from you relative to your competitors?

STEP 2

Reduce or ideally eradicate

Consider:

• What problems are frequently (re)occurring and possibility losing you sales/members?

• What could you improve that would directly affect your business performance?

• What are your ?nancial weaknesses?

• What are your staff weaknesses relative to your strongest competitor?

Prioritize or optimize Consider:

STEP 3

• What changes can you best exploit?

• What are the competitor vulnerabilities that you can attack?

• What new markets could you enter or further penetrate?

STEP 4

Consider:

• What external obstacles are you facing or might you face that would affect key elements of your business (supply chain, economic downturn)?

• What new legislation might damage current pro?table success?

• What are your sponsors likely to do in the future?

• Could one of your weaknesses or removal of one or more of your strengths threaten your long-­­term future?

Create a balance & holistic SWOT Analysis

STEP 5

The SWOT analysis now needs to be holistically considered. This means that balance needs to be created to ensure one quadrant does not dominate the process.

Consider:

• What strategies might we be able to implement to pursue opportunities that align with our strengths? (strengths Vs. opportunities)

• How can we overcome our weaknesses to pursue high-­­ranked or high-­­weighted opportunities? (weaknesses Vs. opportunities)

• How can we use out strengths to reduce the risks of our threats? (strengths Vs. threats)

• What mechanisms can we include to reduce the potential impact of our weaknesses, thereby avoiding the susceptibility to out most likely threats? (weaknesses Vs. threats)

Verified Expert

Reference no: EM13851169

Questions Cloud

Optimal level of certain goods and services : The government often intervenes when private markets fail to provide an optimal level of certain goods and services. For example, the government imposes an excise tax on gasoline to account for the negative externality that drivers impose on one anot..
Important ideas about how organizations are structured : You will analyze a Costco to better understand important ideas about how organizations are structured. This task helps you as a manager go beyond the often-used organizational chart to understand how and why company strategy develops
Explain the concept of the time value of money : Explain the concept of the Time Value of Money (TVM). Does the TVM generally imply that "money today" is worth more than money tomorrow?
Projected to grow to unsustainable levels : The national debt of many developed nations is projected to grow to unsustainable levels. Why might national legislatures welcome higher inflation? Does inflation offer a means for a country to finance its increasing debt?
What are your staff weaknesses relative to competitor : Identify the strengths - Determine the weaknesses and Why should people purchase from you relative to your competitors?
Producing the 101st item will increase the total profit : producing the 101st item will increase the total profit
Which you currently work is in legal compliance : Real World Application: Do you feel that the organization in which you currently work is in legal compliance with Human Resources Regulations or is there a significant need for improvement
The line tangent to the graph : the line tangent to the graph of
Minimum monthly payment to continue to break even : You have maxed out your $10,000 credit card, which is being charged 12.8% interest compounded daily. What is the minimum monthly payment to continue to break even? How much should you pay each week to get out of debt within one year?

Reviews

Write a Review

 

Other Subject Questions & Answers

  Summarize eeoc

Describe one group protected by the EEOC, and summarize the related legislation. Are all groups fairly represented?

  Define cultural competency

Define cultural competency and describe its overall importance in the delivery of health services. Do you believe the healthcare delivery system is culturally sensitive in its delivery of services? Defend your position.

  Forces model assess industry attractiveness issues

The most common reasons that owners of small businesses give for selling are the intensity of competition and an inability to raise sufficient cash to continue to grow.

  Key theoretical perspectives in sociology

Compare the differences among the three major theoretical perspectives in sociology (structural-functionalism, conflict theory and symbolic interactionism).

  The issue of wrongful convictions is a problem that has

the issue of wrongful convictions is a problem that has haunted court systems throughout the united states. we see in

  Conflict between embracing and resisting change

Discuss ONE of the protagonists listed below as an example of the conflict between embracing and resisting 'change'. Antigone, Katniss, Elphaba and Oscar (Diggs)

  Hyperpower status-catastrophic consequences

Will America receding from its hyperpower status (which will not be for quite some time) necessarily have catastrophic consequences?

  Explain how community policing executed in neighborhood

In your own words, explain what community policing means to you and how is it executed in your neighborhood. Contact local police department

  Moving average forecast

If responsiveness to recent data is important to the forecaster, then the number of periods used in a moving average forecast

  Cross-cultural business and professional interactions

How does our American sense of the importance of time impact cross- cultural business and professional interactions? Considering that most American businesses are global organizations, analyze how culture bound thinking can negatively impact cross cu..

  Strong federal government and champions of states

How was the conflict between supporters of a strong federal government and champions of states' rights characterized then as opposed to now? Identify specific issues. maximum 280 words

  Learned intermediary rule

What is the Learned Intermediary Rule? Explain the context in which it became law.

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