Strategic Management Plan for Chosen Organization

• An analysis of strategic capabilities of your chosen organisation carried out using the VRIO framework.
• What do you understand by strategic capabilities?
• Identify the key components of strategic Capabilities.
• Analyse strategic capabilities of your chosen organisation by using the VRIOframework

2.2 M2 A critical evaluation of the internal environment (internal capabilities, structure and skills set) to assess strengths and weaknesses of your chosen organisation ………………… using the McKinsey 7-S Framework

• Explain the McKinsey’s 7S framework.
• Include a Diagram
• Conduct a critical Evaluation of the internal environment using The McKinsey 7-S Framework

• Applying Porter’s Five Forces model evaluate the competitive forces of a given market sector foryour chosen organisation (P3)
  • Explain the Porter’s Five Forces Model
  • Include a diagram
  • Produce an industry analysis for your chosen organisation using Porter’s Five Forces model
• (M3)Appropriate strategies devised, using Ansoff matrix,  to improve competitive edge and market position  of your chosen organisation based on the outcomes
• Explain the Ansoff Matrix
• Include a diagram for your chosen organisation if any.
• Apply the Ansoff Matrix to devise appropriate product/market strategy for your chosen organisation.

Activity 4 (This Activity provides evidence for P4 and M4)

4.1 Interpret and devise strategic planning for your chosen organisation applying Porter’s generic strategies (cost and price leadership strategy, differentiation strategy, focus strategy) and the extended model of Bowman’s strategy clock(P4)

• Explain Porter’s generic strategies.
• Apply the Porter’s strategy and Bowman’s Strategy Clock to devise strategic planning/strategic directions for your chosen organisation.
• And also recommend to apply one hybrid strategybased on Porters generic strategies.

4.2 Based on the SWOT carried out in Activity 1(1.2), and from the diagram below, choose and recommend two Growth Strategies for your chosen organisation. (P4)

• Identify and explain each chosen strategy.
• Justifications for recommending these strategies

4.3 M4 A Strategic Management Plan for your chosen organisation that has tangible and    tactical strategic priorities and objectives.

• What is a strategic management plan?3Explain how this Strategic Plan will be used to implement the recommended strategies in Activity

4.4Distinction Drawing information from Activity 1,2,3,4 you are required to Critique and interpret information and data applying environmental and competitive analysis to produce a set of valid strategic directions, objectives and tactical

To achieve a Distinction, you will be required to: -

Compare your chosen organisation with its key competitor(s) using charts and graphs to provide comparison of sales and profits for a period of time i.e 2-3 years.

A comprehensive Competitor Analysis is required.