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MGT5STR Strategic Management

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Question:

This assessment relates to identifying and justifying your strategy for your firm moving forward.

Developing a strategy for your firm is a key part of success in the simulation environment and in real-life business operations. Your strategy will serve as your firm’s “roadmap” throughout the simulation. A strategy consists of an integrated set of choices.

Most strategic plans focus on one or two such elements, often leaving large gaps in the overall strategy. Ensure you look at your strategy as a whole. You are required to consider the following elements in your assignment 2 in an environmental scan and analysis of your firm using the tools discussed in the unit. You need to complete the following:

Analyse your simulation firm use at least TWO of analytical tools to further analyse the environment identify and summarise the gaps in the firm build objectives for your firm and all functional areas formulate a strategy for all functional areas and business level strategy offer options and then decide on a recommendation for the future.
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