Business and corporate level strategy, Strategic Management

Assignment Help:

Business-Level Strategy

From the outset, you were required to focus on the strategic business unit (SBU) to ensure that Business-level strategies could be applied. The challenge here is to determine how each of the strategic options determined from the TOWS process ‘looks like' in competitive strategy terms. In other words, you need to identify each option using the language provided (Bowman's Clock, p. 225) and from there, how the competitive advantage can be sustained. If appropriate, you may choose to enter into discussion about whether to compete or collaborate.

It is important to note that it very much depends of your own strategy as to which tools you choose and how many options you come up with.

Corporate-level Strategy

This section may not apply for most of you but some have chosen organizations that are not-for-profit such as NGO's and Government departments (and sub-sets thereof) so if that is the case, then you may look towards the various parenting matrices as these provide an appropriate framework within which you can discuss how you can assure sustainability.

Those of you who have chosen a strategic business unit (SBU) may refer to this section to consider the myriad of ways by which sustainability and competitive advantage can be achieved through diversification.

International Strategy

The development of an international strategy is expected only if it is applicable.
Innovation and Entrepreneurship
If your organization is in a start-up operation, then this chapter applies to you. It won't apply otherwise.

Strategy Methods and Evaluation

Use the processes most appropriate to your organization to determine the method by which your organization will develop - organically, by way of mergers/acquisitions, or by way of alliances.

The next challenge is to use the criteria of suitability (p. 366), acceptability (p. 368) and feasibility (p. 380) as a ‘screening' process to eliminate those strategies that are not appropriate to enact.
I expect that you will use dot-points on this section given the word limits that apply.

Enacting your chosen strategy

Given that all organizations are different and the therefore all strategies are different, it is impossible to even outline what needs to happen here without being prescriptive. So the challenge for you is to devise a way by which your chosen strategy can be brought into action. Not everything listed in the final chapters of the text is going to be appropriate or relevant.

You have to make a choice here about identifying the most important factor that will either facilitate strategic enactment or impede it, so this section is about addressing that. Don't go too broadly because the more focus your develop, the better and the best way to do this is to keep focussed on the problems (or enabling aspects) of your own specific organisation.

You may choose to argue that your organization needs to consider a culture change to bring your strategy into action so you will looking beyond the text to leadership issues to facilitate that happening. I welcome anything that will facilitate strategic change, which means that it must surround what happens on an organization-wide (holistic) basis.


Related Discussions:- Business and corporate level strategy

External buying decisions, The group consolidated financial results would n...

The group consolidated financial results would normally be effected, if an internal buyer uses their autonomy and makes a decision to buy outside the group, rather than buy interna

Stakeholders in an organization, a) develop a schedule for executing a stra...

a) develop a schedule for executing a strategy plan in an organization. b) Make appropriate dissemination process to gain commitment from stakeholders in an organization. c) Desi

Define global and international regional strategies, 1. What are the streng...

1. What are the strengths and weaknesses of the mission statement? Which of these statements are effective guides to decision-making within an organization? Which, if any, of th

Hi-fi, 1. Identify and discuss strategic capabilities (resources and compet...

1. Identify and discuss strategic capabilities (resources and competences) of the chosen company using appropriate strategy tools and identify strengths and weaknesses for the firm

Prepare a successful quality based strategy, Question: (a) To prepare ...

Question: (a) To prepare a successful quality based strategy requires an effective leadership. Explain briefly the requirements of effective leadership in this context.

Situation Analysis, Is someone in this field able to consult with me on a S...

Is someone in this field able to consult with me on a Situation Analysis I am currently working on?

Linking strategic organizational, Linking Strategic Organizational Initiati...

Linking Strategic Organizational Initiatives to Purpose, Mission, and Vision Select an existing business that is entering into a new or emerging market for that company. You may

What is organizational design, 1.Middle managers are often at the center of...

1.Middle managers are often at the center of efforts to develop tactical plans to implement established strategies. How are tactical plans typically established? What challenges co

Define market value added, Q. Define Market value added? MVA is an exte...

Q. Define Market value added? MVA is an external measure of shareholder wealth, the market value added from one period to another. It is measured by the taking the rise in the

Write Your Message!

Captcha
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