Context: The assessment of this subject supports students in developing their skills and knowledge in the foundational management topics that include external environmental assessment, problem diagnosis, strategy development, and the consideration of cultural and ethical contexts. Effective strategic management is designed to proactively respond to changes in technology, external environment, and market tastes. A contemporary understanding of the dynamic forces shaping strategic choices is essential for the successful execution and delivery of strategy.
Instructions:
1. Over the duration of the course, you are to monitor news and online sources of opinion to identify three (3) separate strategic influences that together impact on the outcomes of an organisation of your choice. These influential factors may be local, national or international in nature, but they must represent a change. For example, advances in battery technology, stricter emission controls, and a general move towards sustainable energy has resulted in General Motors (and indeed almost all car manufacturers) actively marketing electric or hybrid models for release in coming years. Note this example is not to be used in your submission.
2. You are to discuss how the practice of strategy categorises these strategic influences, and identify the implications for the organisation in question.
3. Drawing upon your understanding of theories, models and frameworks, you are to identify a strategic course of action to address these circumstances (by either capitalising on positive influences, or minimising the impact of negative influence) in a way that will result in long-term benefit to the organisation. This should include a statement of the firm’s revised goals as a result of this change in strategy. Your Contemporary Analysis should be structured as follows:
Section 1: Introduction The introduction sets the scene and provides context for the aim. It provides background to the issues being addressed only.
Section 2: Aim The aim should start with the words, “The aim of this report is to…”. It should be a simple and concise restatement of the assessment task.
Section 3: Discussion · This section should provide information regarding the analysis you undertook addressing the key deliverables. · Identify three strategic influences that together impact on your chosen organisation.
Discuss how the practice of strategy categorises these factors and identify the strategic implications for the organisation in question.
· Identify a strategic course of action that can be adopted by the organisation you have chosen.
· Present a statement of the strategic goals the firm should set, and their implication on the organisation.
Section 4: Conclusion The conclusion restates the aim then provides a brief and concise summary of the discussion to demonstrate that the aim of the report has been achieved
Section 5: Recommendations. Recommendations represent the next steps derived from the report.
Section 6: Reference use the correct API referencing.
