Students will be provided with a case study with key questions for analysis in Week 2. It is expected that when analysing current state and recommending future strategies
2025-01-17 13:19:14
1.Students will be provided with a case study with key questions for analysis in Week 2. It is expected that when analysing current state and recommending future strategies, students will support their diagnosis, analysis and recommendations with reference to relevant research, models, and theories.
Word limit: 3,500 words (+10%) Citations and Executive Summary are included in the word count. Title page, Table of Contents, Reference List & any appendices are not included in the word count.
Assessment Lodgement: The Turnitin folder is in the assessments tab on Blackboard. You have the opportunity to lodge a draft to check for academic integrity/plagiarism prior to your final submission (one draft and one final version).
our writer resonse :
When analyzing the current state of a business or organization, it’s crucial to not only evaluate its existing operational and strategic framework but also to consider the wider business environment and industry trends. One key approach is to conduct a SWOT analysis, which evaluates Strengths, Weaknesses, Opportunities, and Threats, providing a holistic view of where the organization stands.
To diagnose the challenges a company might face, Porter’s Five Forces model is invaluable. It highlights the competitive pressures within an industry and identifies areas where companies might struggle or find new opportunities for growth. For example, high barriers to entry or strong supplier power could significantly impact profitability. In my analysis of a retail business, for instance, Porter’s framework helped reveal that high supplier power was constraining the ability to negotiate better terms, which directly impacted margins.
When diagnosing internal weaknesses, McKinsey’s 7S Framework offers a more granular perspective by evaluating how elements like Strategy, Structure, Systems, Shared Values, Skills, Style, and Staff align with the company’s objectives. This model is particularly useful for large, complex organizations where different divisions or units might be misaligned, as it allows for a more comprehensive understanding of the internal dynamics at play.
Based on my analysis, the future strategy must consider both Blue Ocean Strategy and Resource-Based View (RBV) to ensure long-term competitive advantage. The Blue Ocean Strategy encourages moving away from highly competitive industries (red oceans) and creating new, uncontested market spaces (blue oceans) where demand is created rather than fought over. Meanwhile, RBV highlights leveraging internal resources and capabilities—such as intellectual property or proprietary technology—since these are often harder for competitors to imitate, offering sustainable differentiation.
In terms of future recommendations, I suggest adopting a customer-centric innovation model, as discussed in Clayton Christensen’s theory of disruptive innovation. This approach would not only address unmet needs but also disrupt existing market structures by delivering innovative solutions that competitors have overlooked. For example, the company could invest in technology to create a more personalized shopping experience for customers, leveraging big data to predict trends before they happen.
Moreover, a focus on agile transformation, as proposed by Lean Startup methodology, will ensure that the business remains flexible and responsive to changing market conditions. By emphasizing rapid prototyping, customer feedback loops, and iterative improvements, the company can test and refine new products or services before committing large investments.
In conclusion, the diagnosis of the current state, informed by robust models and theories like Porter’s Five Forces, McKinsey’s 7S, and RBV, is crucial for crafting a forward-thinking strategy. The recommendations to adopt a customer-centric innovation model, coupled with the principles of agile transformation, are designed to align the company with both market realities and future opportunities. This approach not only ensures a competitive edge but also fosters sustainable growth in an increasingly dynamic business environment.
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