MidTerm BUS POLICIES
lordksa
mid-term_questions_you_are_to_answer.docxQuestions You Are To Answer:
· Based on the limited information you have, identify what is the “thread” (the question you wish to answer) as the perspective to answer the following questions to tie everything together. Write your answer as a question please.
· Identification of perspective:
· Define the industry your company is participating in. Justify in detail why you placed them in this industry.
· Identify the competition and in detail why you view them as competition
· Identify in detail who your customers are.
· Do a SWOT analysis for your case with a minimum of 3 items for each component
· For each element justify specifically how or why they relate to your thread.
· For each weakness in the internal analysis how would you “twist” each one into strengths.
· For each threat in the external analysis how would you “twist” each one into opportunities.
|
|
Good |
Bad |
|
Internal (Direct Control) |
Strength |
Weakness |
|
External (No Control) |
Opportunity |
Threat |
· Michael Porter’s Five Forces Model.
· Give a definition of what each means when developing your strategy as it relates to your thread.
· In your opinion, which is the strongest force that will shape your strategy and how should it be shaped to maintain competitive advantage and create value for your customer.
· Strategic Life Cycle
· Base on your previous answers:
· Industry Strategy: What phase would you place the industry on the life cycle. Identify with an “I” on the curve and give a detailed answer why you placed the industry in that position.
· Company Strategy: What phase would you place Sherwood Enterprises on the life cycle. Identify with an “S” on the curve and give a detailed answer why you placed the company in that phase.
· Conclusions and Recommendations:
· Now that you done the preliminary analysis summarize your conclusions as they relate back to your thread.
· Based on this summary what are you recommendations to answer the question posed in the thread?
