Frameworks - indication industry maturity , Business Management

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
Posted Date: 3/6/2013 2:08:17 AM | Location : United States







Related Discussions:- Frameworks - indication industry maturity , Assignment Help, Ask Question on Frameworks - indication industry maturity , Get Answer, Expert's Help, Frameworks - indication industry maturity Discussions

Write discussion on Frameworks - indication industry maturity
Your posts are moderated
Related Questions
Information system as well allows a firm to develop a strategic information base that is able to provide information to support the firm's competitive strategies. Information in a

There should be consideration of both opportunities and threats for maximum marks in each case. Award up to 3 marks for each demographic consideration. Examples of possible issues

Problem 1 Define ‘personality'. Explain the personality traits influencing Organisational behaviour. A Definition of personality Listing the personality traits Ex

Hello, Please I need help asap. I have $40 for 4 pages assignment. it is just to answer 4 questions and it is due tomorrow midnight. Please let me know asap. Tianna Thank you

Question 1 Explain any five architectural components of CRM solution Question 2 Explain the different wireless technologies Question 3 Explain the meaning of Elect

Question: (a) State and explain the conditions under which the following exponential smoothing techniques will be chosen: (i) Winters' exponential smoothing. (ii) Holt's ex

It is characterized by the number of manufacturing stages and the inter relationship between various production operations e, g, in product line systems inventory con

Business Intelligence (BI) is aimed at supporting organisational decision makers who are often said to be operating under the assumptions of ‘Procedural rationality'. Explain what

A data switch company specialises in the production of switches that can be used to link several personal computers to a shared printer. The company manufactures a low-cost manuall

How organizations like Pepsi response to ethical issues?