Touchstone 4: Organization Analysis & Strategic Recommendations
SCENARIO:
Pick a company you are acquainted with or have experience with (currently or in the past). You must use some of the concepts and methods you have studied in this course to analyze the organization from the inside out. In addition, you must evaluate the ethical ramifications of any suggested modifications to the organization’s structure and strategy.
Applying SWOT analysis, PESTEL analysis, Porter’s Five Forces of Industry Analysis, Porter’s Generic Strategies, and organization design principles linked to strategy-structure fit are requirements for this task. In order to convey your research and recommendations to the organization’s board, you will create a slide presentation.
Overview
1. Evaluate the surroundings and existing tactics
A business must do an environmental review of its present initiatives from scratch. Considerations for the internal environment include things like operational inefficiencies, personnel morale, and financial limits. Political, economic, and consumer taste developments are all factors that fall under the category of the external environment.
2. Evaluate the efficiency of the current tactics
Determining the success of the present strategy in light of the current business environment is a primary goal of a strategic study. Strategists need to ask themselves things like: Is our strategy working or not? Will we achieve our declared objectives? Does our strategy support our goals, objectives, and core values?
3. Create strategies
We go on to the planning step, when the firm suggests strategic options, if the answers to the inquiries made in the assessment stage are “No” or “Unsure.” Strategists may suggest approaches to maintain low costs and lean operations. Changes in capital structure, adjustments to supply chain management, or any other substitute for a business process are examples of potential strategic alternatives.
4. Make a suggestion and put the best plan into action.
Finally, we arrive at a recommendation after evaluating tactics and outlining potential alternatives. We decide to follow the most practical and statistically lucrative plan after considering all feasible strategic choices. We repeat the entire procedure iteratively after coming up with a recommendation. It is necessary to implement, evaluate, and reevaluate strategies. Because corporate environments are dynamic, they must adapt.
