Strategic Capability Analysis and Implementation Plan

Working in a group of four for strategic capability analysis and initiative

You will workin a group of four (4)with those in the same tutorial classtoconduct strategic capability analysis of the organisation, propose one strategic initiative and develop its implementationplan builton the strategic analysis (external environment analysis) of the organisation from your first assignment (Assignment 1).You are responsible to form a group of 4 (FOUR)members from the same tutorial classfor this assignment. Once you have formed yourgroup of four, you must register your groupmembershipon the course canvas. Otherwise, you will not be able to view your mark and the feedbackand the Course Canvas will automatically record your mark as ZERO. Instructions on howto do so will be published on the course canvas. You must form your group by Week 7. It is your responsibility to inform your local lecturerif you are unable to form your group. The assessment will be explained and discussed in Module 4. Write a f Executive Summary, but excluding references and appendix. You are required tocontinuously focus on the householder hardwarebusiness, Bunnings(the organisation here after) of Wesfarmersand conduct strategic capability analysis, propose one strategic initiative forthe organization encompassing a three-year time horizon. Moreover, you need to integratethe findings and feedback from your first assignment and thento buildupon themto create an actionable strategy implementation plan and its evaluation. The plan has to beachievable and realistic. You have to clearly demonstrate what the strategic initiativeis, why your plancanhelp the organization achieve and maintain a sustainable competitiveadvantage, and how this plan can be implementedand evaluated.Specifically, you are required to perform the following tasksin this report:1.Identify those resources and competences of the organization that are likely to provide sustainable competitive advantage. Justify why these resources and competences can be regarded as strategic capabilities using the four criteria (VRIO) covered in the textbook.2.Identify and discuss the currentgeneric type of business strategy the organisationimplements by examining its strategy statement and/or its value chain activities.3.Propose ONE new strategic initiative for the organisation to implement. This initiative can be a major functional initiative, such as marketing, use of technology, product(service)innovation/development, and M&A. Describe its contents in details and justify why it is strategic.

24.Evaluate the suitability of your strategic initiative through referring to the findings of your assignment 1, particularly the external environmentof the organisation,andits strategic capabilities andcurrent business strategy as identified in this assignment.5.Develop a strategy implementation plan that primarily focuses on the following areas:a.What needs to be changed to implement the strategy? and Why?b.How will the changes proposed be managed and implemented?6.Explain how the organization canmeasure the strategic initiative you proposed. Focus specifically on:a.A set of key success measures for the strategic initiative, using BalancedScorecard.b.Draw a strategy map that indicates the key success measures and their hierarchical relationships.References should be utilised within this Report to validate the information presented, and should be drawn fromacademic sourcesandorganisational information such as the website and annual reports. The business press may be used sparingly to identify relevant issues