MT1 – Some areas of Strategic Management to be considered are: The Strategic Leader’s Perspective; Why study Strategy?; What is Strategy?; The Strategic Management Process; Business Strategy versus Corporate Strategy.

As we’ll learn this week, it seems everyone has a different definition of strategy. Michael Porter’s HBR article, What is Strategy? is considered the seminal “strategy” reading and the following short video of him will help frame our discussion. Here Porter (the best known present day business strategy guru), argues that rivals can easily copy your operational effectiveness, but they can’t copy your strategic positioning – what distinguishes you from all the rest. This should become quite evident as you “drive” your auto company through the competitive and sometimes turbulent environment in which it operates:

https://www.youtube.com/watch?v=NY4myVa5Wkw (sorry for the Asian language subtitles)

To get an expanded feel for the topic the following articles are also useful:

http://www.thefreelibrary.com/Michael+Porter+:+What+is+Strategy%3F-a085608624

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Write a 1,050-word report using your company or one with which you are familiar (if you prefer, your facilitator can assign one to you). Answer the following questions for your chosen organization.

• Explain what the specific key environmental forces are that created an opportunity for your company.
• Identify if there have been changes in the purchasing patterns of your organization’s target market in recent years.
• Conduct an environmental scan for your chosen company to identify key trends. For each of the five environmental forces (social, economic, technological, competitive, and regulatory), identify trends likely to influence your company’s marketing efforts and product offering in the future.
• Explain what differentiation strategy your company should undertake to encourage their target market to choose them over other competitors.
• Analyze what lessons you might learn from the Geek Squad case study.

Include at least three references, at least one of which must come from the University Library.

Format your paper consistent with APA guidelines.

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775 Transformation & Execution Strategies

Textbook info: Making Strategy Work: Leading Effective Execution and Change, 2nd ed.; 2013, ISBN-13-9780133092578; Hrebiniak, L.G. The Road to Reinvention: How to Drive Disruption and Accelerate Transformation, 1st ed.; 2014, ISBN-13 9780470923436; Linkner, J.

1. BUS775_W4_DQ1(0.5 APA format pages)

Planning strategies to attain organizational goals is paramount in most organizations, especially at the executive-level. However, the best plans remain static if they never reach fruition. Thus, the implementation and execution of a planned strategy is paramount in this regard. Using your textbook, LIRN-based research, and the Internet, expand on the concept that managers are more knowledgeable and trained in strategy formulation than implementation. Provide an example to validate this concept.

2. BUS775_W4_DQ2 (0.5 APA format pages)

In chapter 8 of your textbook, table 1.1 lists eight obstacles to effective strategy execution. Select one of these obstacles and using your textbook, LIRN-based research, and the Internet, provide an example of the obstacle in an organization that prevented or hindered strategy execution.

3. BUS775_W4_DQ3 (6 APA format pages)

CLA 1 Comprehensive learning Assessment I

Develop and write a 6 page APA 6th ed. Formatted paper:

You have been promoted to executive management in your company that produces sporting goods, equipment, and apparel. Historically, your company enjoyed considerable market-share but last year’s earnings have consistently declined. After consultancy and a SWOT-analysis, it was determined that an influx of new competitors in the market are supplying struggling retailers with alternative products at a more competitive price. Moreover, a newer-generation of customers influenced by media and the latest trends, are becoming more demanding when it comes to product choice; they seek to stand-out away from the mundane, opting for something new and innovative. Using your textbook, LIRN-based research, and the Internet, provide the following:

A plan to reinvent the organization through strategic initiatives

A plan to implement a reinvention ethos to invigorate creativity and innovation throughout the company

A plan to reformulate corporate culture and reimagining your customer-base

Detailhow you would ensure an efficient and effective strategy to implement and execute these plans through fruition and that takes into account obstacles that may prevent success.

Be sure to justify your responses with evidence-based research.

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For the Session Long Project for this class, you will be applying the concepts from the background materials to your own experiences in the workplace. More specifically, you will be examining the decisions and decision-making processes of the leadership of the organization you currently work for or one that you have worked for in the past.

For this first SLP assignment, think about some major and minor decisions made by your managers that you were involved with or impacted by. Review the background material concepts, and think carefully about how you have personally observed some of these concepts. Then write a 2- to 3-page paper addressing the following issues:

1. Give some specific examples of strategic and operational decisions that you have observed in your workplace. Give at least one example of each type of decision, and explain why you think this decision falls into this category with references to the background materials.
2. Give some specific examples of both programmed and non-programmed decisions that you have observed. Give at least one example of each type of decision, and explain why you think this decision falls into this category with references to the background materials.
3. Discuss the specific decision-making style of a supervisor you have worked closely with, and discuss whether this supervisor’s style is rational or intuitive. Give specific examples to explain your reasoning as to why you think this supervisor is rational or intuitive.

Moshal, B. S. (2009). Chapter 7: Decision making in an organization. Principles of Management. New Delhi: Global Professional Publishing Ltd. [eBook Business Collection. Note – you don’t have to read the whole chapter, just the first half up to the section “Decision Making Environment”. Also, do not copy the entire reference into the eBook search engine. Instead just copy the title of the book, e.g. “Principles of Management”]

Kourdi, J. (2011). Chapter 2: Assessing your decision-making style. Effective Decision Making : 10 Steps to Better Decision Making and Problem Solving. London: Marshall Cavendish International [Asia] Pte Ltd. [eBook Business Collection]

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