Question: This assignment should be based on your current employer/business or a business with which you have had some recent exposure and with which you are
This assignment should be based on your current employer/business or a business with which you have had some recent exposure and with which you are familiar.
Presenting your findings
Your report should be presented in a management report format which includes an:
Executive summary (make it brief, no more than 2 pages),
Also Introduce the business entity in consideration, its history, milestones it has achieved in past, market share, industry it operates, industry analysis etc.
Your report should incorporate the following steps:
- Identify the firms existing vision, and mission statement. Develop vision and mission statements for the organization, what you think it should be as, per knowledge developed in your study.
- (a) Do PESTEL analysis of business.
(b) Do SWOT analysis
- Construct a Competitive Profile Matrix (CPM).
- Construct an External Factor Evaluation (EFE) Matrix
- Construct an Internal Factor Evaluation (IFE) Matrix.
- Recommend long-term objectives for your company.
- What strategies would you be recommending to achieve your long term organizational objectives as you have stated in previous question. You may use Strengths- Weaknesses-Opportunities-Threats (SWOT) Matrix, Strategic Position and Action Evaluation (SPACE) Matrix, Boston Consulting Group (BCG) Matrix, Internal- External (IE) Matrix, Grand Strategy Matrix, and Quantitative Strategic Planning Matrix (QSPM) to substantiate your strategy choice. {Use as many as necessary, need not be all. Like, you may not need QSPM, unless you need to choose out of alternative strategies.}
- What Management, Marketing, Finance/Accounting, R&D and CIS issue, if any you foresee. Your recommendations to address them.
- Recommend procedures youll have in place for strategy review, evaluation and control specific to your business entity.
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