Business StrategyCase Study: You are required to produce a case study showing evidence of application of business strategy to analyse the business strategy of any company of your choice. You may choose the case of a prominent business (Asda, McDonalds, Barclays, HSBC, etc.) operating under the recent economic environment.??.Discuss the current business strategies to determine why the company has been successful or a failure in the current Competitive Business Environment1. Understand the process of strategic planningStrategic contexts and terminology: role of strategy; missions; visions; strategic intent; objectives; goals; core competencies; strategic architecture; strategic controlStrategic thinking: future direction of the competition; needs of??.growth-vector matrix; portfolio analysis Planning systems:??.informal planning; top-down planning; bottom-up planning; behavioural approaches Strategic planning issues: impact on managers; targets; when to plan; who should be involved; role of planningStrategic planning techniques: BCG growth-share matrix; directional policy matrices; SPACE, PIMS1.1 explain strategic contexts and terminology ? missions, visions, objectives, goals, core competencies1.2 review the issues involved in strategic planning1.3 explain different planning techniques??.2. Be able to formulate a new strategy Stakeholder analysis: stakeholder significance grid; stakeholder mapping Environment auditing: political, economic, socio-cultural, technological, legal and environmental analysis (PESTLE); Porter?s 5 force analysis; the threat of new entrants; the power of buyers; the power of suppliers;??.the threat of substitutes; competitive rivalry and collaboration Strategic positioning: the Ansoff matrix; growth; stability; profitability; efficiency; market leadership; survival; mergers and acquisitions; expansion into the global marketplaceThe organisational audit: benchmarking; SWOT analysis; product positions; value-chain analysis; demographic influences; scenario planning; synergy culture and values??.2.1 produce an organisational audit for a given organisation2.2 carry out an environmental audit for a given organisation2.3 explain the significance of stakeholder analysis3. Understand approaches to strategy evaluation and selectionMarket entry strategies: organic growth; growth by merger or acquisition;strategic alliances; licensing; franchisingSubstantive growth strategies: horizontal and vertical integration; related and unrelated diversificationLimited growth strategies: do nothing; market penetration; market development; product development; innovationDisinvestment strategies: retrenchment; turnaround strategies; divestment; liquidation??.Strategy selection: considering the alternatives; appropriateness; feasibility; desirability3.1 analyse possible alternative strategies relating to substantive growth, limited growth or retrenchment3.2 select an appropriate future strategy for a given organisationLO4 Understand how to implement a chosen strategyThe realisation of strategic plans to operational reality:??.communication (selling the concepts); project teams; identification of team and individual roles, responsibilities and targets; programme of activities; benchmark targets at differing levels of the organisationResource allocation: finance; human resources; materials; timeReview and evaluation: an evaluation of the benchmarked outcomes in a giventime period in relation to corporate, operational and individual targets??.4.1 compare the roles and responsibilities for strategy implementation4.2 evaluate resource requirements to implement a new strategy for a given organisation4.3 discuss targets and timescales for achievement in a given organisation to monitor a given strategy.Conclusion and recommendationYou should write a conclusion about the findings and communicate appropriate recommendations to the board of directorsIn writing your recommendation you should demonstrate convergent/lateral/creative thinkingHarvard referencing??.
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