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MGMT670 Strategic Management

tag 0 Download 11 Pages / 2,661 Words tag 16-09-2021

Question:

Your report should incorporate the following steps:
1. Identify the firm's existing vision, mission, objectives, and strategies.
2. Develop vision and mission statements for the organization.
3. (a) Identify the organization's external opportunities and threats.
(b) Develop PESTEL
4. Construct a Competitive Profile Matrix (CPM).
5. Construct an External Factor Evaluation (EFE) Matrix
6. Identify the organization's internal strengths and weaknesses.
7. Construct an Internal Factor Evaluation (IFE) Matrix.
8. Recommend long-term objectives and specific strategies to achieve them. Compare your recommendations to actual strategies planned by the company.
9. Choose (any two) matrix from question 9.
Prepare a Strengths-Weaknesses- Opportunities-Threats (SWOT) Matrix, Strategic Position and Action Evaluation (SPACE) Matrix, Boston Consulting Group (BCG) Matrix, Internal-External (IE) Matrix, Grand Strategy Matrix, and Quantitative Strategic Planning Matrix (QSPM) as appropriate.
10. Specify how your recommendations can be implemented and what results you can expect. What Management, Marketing, Finance/Accounting, R&D and CIS issue, if any you foresee. Your recommendations to address them.
11. Recommend procedures for strategy review and evaluation. Type of organization If your organisation is part of a larger international organization, you may consider only your country's division. Avoid considering individual departments or sections of an organisation as this will constrain you to deal with functional-level strategy only.
If your organisation is a government department, proceed with an analysis of that division, providing, it is a budgetary centre. Dealing with a subdivision will constrain you to deal with functional-level strategy only.
If your organisation is an independent not-for- profit entity, proceed according to the advice above.
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