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PM303 Strategic Management

tag 0 Download 13 Pages / 3,025 Words tag 21-07-2021

Question:

In some parts of the world, the retail business is dominated by smaller family-run or regionally-targeted stores, but this market is increasingly being taken over by billiondollar multinational conglomerates like Wal-Mart and Sears. And yet, as the leading retailing players are increasingly seeking for opportunities to expand their global presence and are investing heavily in driving internet retailing sales, numerous local British retail companies have been successfully competing with their global competitors in the UK Market such as Morrisons, Ocado and Card Factory.

Learning outcomes assessed:

  1. Critically examine the relationship and the need for compatibility between corporate strategic and functional management policies.
  2. Analyse the internal and external influences on corporate objectives and strategy.
  3. Demonstrate the need for flexibility in strategic management and the practical limits of quantifying corporate strategy.

You have been hired by a local British retail company (Either Morrisons, Card Factory or Ocado) as a consultant in order to develop a market entry and business level strategy plan into the Chinese market. You are expected to write a report to summarize your research findings on the given tasks below.

Tasks

  1. Analyse and demonstrate an understanding of the external environment and industry competition in the Chinese market.
  2. Identify the company’s resources and competencies; and determine the potential of the company’s competencies in terms of a competitive advantage in the Chinese market.
  3. Critically evaluate if the company can continue with the current vision and mission statements in the new market. Reframe the vision statement and the mission statement of the company for the new strategic business unit in China If needed.
  4. In the light of the analysis done in Task 1, 2 and 3, construct a SWOT analysis of the company and recommend a business-level international strategy for and market entry mode into the new market.
  5. As a part of the assessment, all students should answer the Employability Skills Self-Assessment Survey in Week 1 and 10.
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Total 13 pages

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My Assignment Help (2021) PM303 Strategic Management [Online]. Available from: https://myassignmenthelp.com/free-samples/pm303-strategic-management/journal-of-retailing-and-consumer-services.html
[Accessed 31 January 2023].

My Assignment Help. 'PM303 Strategic Management' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/pm303-strategic-management/journal-of-retailing-and-consumer-services.html> accessed 31 January 2023.

My Assignment Help. PM303 Strategic Management [Internet]. My Assignment Help. 2021 [cited 31 January 2023]. Available from: https://myassignmenthelp.com/free-samples/pm303-strategic-management/journal-of-retailing-and-consumer-services.html.


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