Question: Using the Strategic Analysis (in a nutshell) framework (located in the syllabus) in conjunction with independent research (e.g. company website, news articles, industry studies, etc.)

Using the "Strategic Analysis (in a nutshell)"
Using the "Strategic Analysis (in a nutshell)"
Using the "Strategic Analysis (in a nutshell)" framework (located in the syllabus) in conjunction with independent research (e.g. company website, news articles, industry studies, etc.) evaluate Chik-fil-A's current position and formulate specific ideas on how to improve its competitive performance. Why has it been successful? What must it do to maintain such success going forward? 1. Study how the company works. - How it makes money. - How it is organized. - Its key resources/capabilities. - Its weaknesses/challenges. 2. Study the environment it operates in. -What markets does it compete? -What markets are growing? -What trends should the company respond to? -What are the key challenges and opportunities? -What factors from the strategy tripod are most important? 3. Recommend action. - Adopt a long-term perspective. Wealth is not created in a day. - Craft action(s) that capitalize on opportunities and mitigate threats. - Provide empirically-grounded and well-reasoned justification (i.e. be sensible). - Recommendations should flow from deep knowledge of the company and its environment

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!