Strategic Management

Strategic ManagementUse relevant strategic management tools and techniques to evaluate the current strategy of the organisation based on their strengths, weaknesses, opportunities and threats. Analyse why this strategy might be suitable, acceptable and feasible. Briefly identify and justify another potential strategic direction for the organisation. Given the nature of this analysis there must be a contemporary and inventive flavour to much relevant data.A few strengths, weaknesses, opportunities and threats:Strengths? Well known for their services? Trained staff and better qualified mechanics? More vehicles able to service customers who have broken down? they can reach their customers in a short amount of timeWeaknesses? Competitors? High employee turnoverOpportunities:? With customers being price sensitive during the current economic climate, to offer new introductory deals for the vehicle breakdown cover to attract new customers? to partner with a major brand such as RAC work with TescoThreats? consumers have the opportunity to substitute the products which The AA provides easily and with minimal cost by choosing to use public transport? consumers can easily switch to a rival competitor in the industry if the products and services are being offered at a lower priceStrategic management tools and techniques:Make use of ? Strategic Business Unit (SBU)Strategy clock? Differentiation? Low price? Hybrid? Non competitiveStrategy lock- in? Size or market dominance? First mover dominance? Self reinforcing commitment? Insistence on preservation of positivePortfolio matrices? Growth/Share (BCG) Matrix- Include this in here- Briefly identify and justify another potential strategic direction for the organisation.? Directional Policy (GE-McKinsey) MatrixCorporate rationales? The portfolio manager operates as an active investor in a way that shareholders in the stock market are either too dispersed or too inexpert to be able to do.? The synergy manager is a corporate parent seeking to enhance value for business units by managing synergies across business units.? The parental developer seeks to employ its own central capabilities to add value to its businesses.Value-addingValue-destroyingGrowth strategyGrowth by internal expansion? product differentiation? vertical integration? diversificationGrowth by external expansion: mergers and takeovers? horizontal mergers? vertical mergers? conglomerate mergersDeveloping strategy(USE IN REPORT TO EVALUATE)Developing strategiesOn what basis? In which direction? how?Basis of choiceCorporate purpose and aspirationsSBU generic competitive strategies Alternative directionsProtect and buildMarket penetrationProduct developmentMarket developmentDiversification:Relatedunrelated Alternative methodsInternal developmentAcquisitionJoint development alliancesIn which strategic directionExisting AA newProtect/ build? Withdrawal? Consolidation? Market penetration Product development? On existing competences? With new competencesMarket development? New segments? New territories? New users Diversification? On existing competences? With new competencesTalk about- Development strategy: how?What are the problems and risks:? Valuation? Objectives unclear? Corporate cultures too distant.? Synergy?s fail to emerge? Ensuring ownership of assets? Validating ownership of patents etc.? Contracts of employment for key staffFinanicng growth and investmentStrategic alliances? Building trust? Learining from the partnerInnovation? New product development process (market information, NPD process, intergration of process contribution)? Product life cycle? Responses to changes in technology? Vision? Developing foresight? develop stretch goals? empower employees to create and get things wrong? develop systems for rewards and recognition for innovationInternational strategyInternationalisation driversPorters diamond? rivalry? market characteristics? exporting? strategic alliancesInclude:Suitability? Does the strategy address the circumstances in which the organisation is operating?? Is the strategy viable?? Does the strategy exploit core competences?? Value chain analysis? Positioning? Porters 5 forces? PESTLEAcceptability? What are the expected performance outcomes and are they consistent with stakeholder expectations?? Stakeholder mapping- What will stakeholders? reaction be?? What level of risk is involved?? What level of profitability?? What is the cost/benefit?? Can the strategy be easily understood?? Is it acceptable to stakeholders?Feasibility? Has the organisation got the resources and capabilities to deliver the strategy?? What gaps in resources and capabilities need addressing in order to ensure success?You need to provide a rational, concise and coherent explanation of what your proposed strategic direction means for the AA in the assignment. Justify your findings.!

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