Strategy Formation and Implementation for MYER holding limited Australian department store
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Local Lecturer: Rodney Goon
BUSM3200 - Strategic Management
Bachelor Of Business (Management)
Assignments 01 & 02 Briefing
Jan 2017
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_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
First Point Of Contact: Your Local Lecturer
Name: Rodney Goon
e-mail: [email protected]
Start Your e-mail Subject With “BUSM3200” In The Subject Area Of Your e-mail
State Your Name:
Student ID:
Your Study Mode (Full Time Or Part Time)
Academic Enquiries
The Following e-Mail Guidelines In Order To Get Timely Answer To Your Questions.
At The Beginning Of Your e-Mail
*
*
Use ONLY The RMIT e-Mail System For All Enquiries & Other Correspondence With The RMIT Faculty/Staff & Local Lecturer.
e-Mail: [email protected]
For want of an unasked question, knowledge dies. Knowledge is your lifeblood. There is an interesting paradox here: Dumb questions frequently open the mind to brilliant answers.
Ask anyway. There is a 99 percent chance that, instead of looking stupid, you come off as courageous and curious enough to ask which seem simple or obvious. Most of us have stories about how the one question opened a whole new set of opportunities or made a muddy situation become perfectly clear. If we do not ask that one question, we risk passing up great opportunities for understanding and progressing in our business.
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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*
NO REPLY/RESPONSE From RMIT Staff & Associates Will Be Forthcoming If You Use Your PRIVATE Or Other Institution’s e-Mail Accounts. EXAMPLES
Where Are We Now?
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Groupings
Form & Work In Groups Of Five (5) Throughout The Semester
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Groupings – LF 03 & LP 06
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How Is The Going?
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Local Lecturer: Rodney Goon
BUSM3200 - Strategic Management
Groupings – LF 03
Bachelor Of Business (Management)
Jan 2017
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1. Overview: Mission & Objectives
2. Industry Analysis: Porter’s Five Forces Model
3. Environmental Analysis: Political, Economic, Social, Technological
4. Internal Analysis: Core Competences, SWOT, Value Chain, Key Success Factors, Finance, etc
5. Strategic Alternatives: Generic Strategies
6. Recommendations – Directional Strategies
_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
Local Lecturer: Rodney Goon
BUSM3200 - Strategic Management
Groupings – LP 06
Bachelor Of Business (Management)
Jan 2017
*
1. Overview: Mission & Objectives
2. Industry Analysis: Porter’s Five Forces Model
3. Environmental Analysis: Political, Economic, Social, Technological
4. Internal Analysis: Core Competences, SWOT, Value Chain, Key Success Factors, Finance, etc
5. Strategic Alternatives: Generic Strategies
6. Recommendations – Directional Strategies
_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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Local Lecturer: Rodney Goon
BUSM3200 - Strategic Management
Bachelor Of Business (Management)
Assignment 01 Briefing
Jan 2017
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_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
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What Are The Actual Challenges/Issues MYER Faces That It Needs To Overcome In Order To Be Strongly & Sustainably Competitive?.
Strategic Dilemma
- Due Date: Monday, Week 7 - Feb 27th 2017
Assignment 01: Individual Assessment – 35%
Strategic Analysis
- Due Time: By 7.00pm (Local Time)
- Place: On-Line RMIT Blackboard
- Format: Report
- Length: 1500 – 2000 Words, 1.5 Line Spaced, 12 Point Times New Roman.
Note: The Word Count Does Not Include References Or Appendices
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Report Format - Definitions
1. Executive Summary – An Overview Of The Report & The Intended Objectives
2. Introduction – e.g. Introduce The Strategic Context
3. Conclusion – e.g. Summarize The Strategic Considerations & The Eventual Recommendations
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Conduct A Strategic Analysis:
Focus On Business Level Strategy
Strategic Analysis
Internal;
External Analysis;
Organization Purpose;
Culture.
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Strategy’s Three Branches
Context
Content
Process
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Background Information (Strategic Context) – Ownership, History, Size, Business Scope, Major Products/Services & Major Markets
Strategic Analysis - Tasks
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Myer (Stylised MYER), Is An Up Market Australian Department Store Chain Trading In All Australian States And One Of Australia's Two Self-Governing Territories.
Myer Retails A Broad Range Of Products Across Women's, Men's & Children's Clothing, Footwear & Accessories; Cosmetics & Fragrance; Homewares; Electrical; Furniture & Bedding; Toys; Books & Stationery; Food & Confectionery; & Travel Goods.
Myer's Primary Department Store Rival Is David Jones.
2. Analyse The Macro-Environment For The Whole Industry
Strategic Analysis - Tasks
The Purpose Of This Analysis
Identification Of Key Factors & Their Implications (Key Opportunities & Threats)
Overall, Impact On The Industry Future Growth
Draw Conclusions On The Analysis
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Macro Environment Analysis
The Macro Analysis Refers To The Impact Of The PESTLE Factors On Both The Industries & The Overall Economy
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Macro Environment Analysis
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3. Analyse The Industry (Competitive) Using Porter’s 5-Forces Model.
Strategic Analysis - Tasks
The Purpose Of This Analysis
Inter-Connectedness Of Different Aspects Of The Competitive Forces,
Links Between Competitive Forces & Macro-Environment; Overall Impact On The Industry & Myers In Terms Of Driving Forces
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Competitive Environment - Industry Analysis (Micro)
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1. Overview: Mission & Objectives
2. Industry Analysis: Porter’s Five Forces Model
3. Environmental Analysis: Political, Economic, Social, Technological
4. Internal Analysis: Core Competences, SWOT, Value Chain, Key Success Factors, Finance, etc
5. Strategic Alternatives: Generic Strategies
6. Recommendations – Directional Strategies
_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
New Entrants
Suppliers
Substitutes
Power Of Suppliers
Number Of Important Suppliers
Supplier Contribution To Quality
Availability Of Supply Substitute
Threat Of Forward Integration
Industry Ability To Backward
Integrate
Barriers To Entry
Economies Of Scale - Capital Required
Brand Identification
Product Differentiation
Power Of Buyers
Number Of Important Buyers
Buyer Switching Cost
Threat Of Backward Integration
Industry Ability To Forward
Integrate
Buyers
Barriers To Exit
Asset Specialisation
Govt. & Social Restrictions
Rivalry Amongst Competitors
Industry Structure Concentration
Cost Structure
Industry Life Cycle Stage
Availability Of Substitutes
Closeness Of Substitutes
Substitute Price - Value
Govt. Action
Industry Protection/Regulation
Govt. Assistance/ Customs
Foreign Exchange/Ownership
Porter’s 5 Forces - Assessing Industry Attractiveness
Industry Competitors
Intensity Of Rivalry
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Link Between Competitive Forces & Macro-Environment
The Macro Analysis Refers To The Impact Of The PESTLE Factors On Both The Industries & The Overall Economy
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Strategic Analysis - Tasks
Draw Conclusions On The 5 Forces Analysis
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4. Identify Any Resources & Competences That Are Likely To Provide Sustainable Competitive Advantage
Strategic Analysis - Tasks
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Resources & Capabilities
Resources
Capabilities
Inputs Into A Firm’s Production Process:
Capacity Of A Set Of Resources To Perform In An Integrative Manner
A Capability Should Not Be:
So Simple That It Is Highly Imitable
So Complex That It Defies Internal Steering & Control.
Capital Equipment
Skills Of Individual Employees
Patents
Finances
Talented Managers.
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Are Inputs Into A Firm’s Production Process
Are The Source Of A Firm’s Capability
Cover A Spectrum Of Individual, Social & Organizational Phenomena.
Resources, Capabilities & Core Competencies
Resources
Typically, Resources Alone Do Not Yield A Competitive Advantage.
Competitive Advantage Is Created Through The Unique Bundling Of Resources.
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Capabilities
Resources, Capabilities & Core Competencies
Are Often Based On Developing, Carrying & Exchanging Information & Knowledge Through The Firm’s Human Capital
Merge Over Time Through Complex Interactions Between Tangible & Intangible Resources
Are The Firm’s Capacity To Deploy Resources That Have Been Purposely Integrated To Achieve A Desired End State
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Capabilities – cont’d
Resources, Capabilities & Core Competencies
Are Often Developed In Specific Functional Areas, Such As R&D & Marketing
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Tangible Resources
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Intangible Resources
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The Four Criteria Of Sustainable Competitive Advantage (VRIN)
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Outcomes From Combinations Of The Criteria For Sustainable Competitive Advantage
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Resources, Capabilities & Core Competencies
Core Competencies
Emerge Over Time Through An Organizational Process Of Accumulating & Learning How To Deploy Different Resources & Capabilities.
Distinguish The Firm Competitively & Give It A Unique Identity
Are Capabilities That Serve As A Source Of Competitive Advantage For A Firm Over Its Rivals
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The Basic Value Chain
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Each corporation has its own internal value chain activities. Michael Porter proposes that a manufacturing firm’s primary activities usually begin with inbound logistics (raw materials handling and warehousing), go through an operations process in which a product is manufactured, and continue on to outbound logistics (warehousing and distribution), marketing and sales, and finally to service (installation, repair, and sale of parts).
Several support activities, such as procurement (purchasing), technology development (R&D), human resource management, and firm infrastructure (accounting, finance, strategic planning), ensure that the primary value-chain activities operate effectively. Each of a company’s product lines has its own distinctive value chain. Because most corporations make several different products or services, and internal analysis of the firm involves analyzing a series of different value chains.
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Components Of Internal Analysis Leading To Competitive Advantage & Strategic Competitiveness
Valuable
Rare
Costly To Imitate
Non-Substitutable
Four Criteria of Sustainable Advantage
Value Chain Analysis
Outsource
Strategic Competitiveness
Competitive Advantage
Resources
- Tangible
- Intangible
Capabilities
Core Competencies
Discovering Core Competencies
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Academic References
Academic Papers From Peer Reviewed Academic Journals
Examples – Peer Reviewed Academic Journals
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Hollender, J. (2004) “ What Matters Most: Corporate Values & Social Responsibility", California Management Review, Vol 46, Issue 4, pp 111-119
Peer Reviewed Academic Journal Articles - Examples
Rowley, T.J. & Moldoveanu, M. (2003) “When Will Stakeholder Act? An Interesting Identity-Based Model Of Stakeholder Group Mobilization", Academy Of Management Review, Vol 28, Issue 2, pp 204-219
Sull D.N (2005) “Strategy As Active Waiting”, International Harvard Business Review, Vol 83, Issue 9, pp 120-130
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Harvard Referencing
Citation – In The Report
To Analyze Competitive Forces In An Industry Environment And In Order To Identify The Opportunities & Threats Confronting A Company, (Porter 1979) 5 Forces Model Is Used In The Analysis. This Model Focuses On Five Forces That Shape Competition Within An Industry:
1. The Risk Of New Entry Of Potential Competitors,
2. The Degree Of Rivalry Among Established Companies Within An Industry,
3. The Bargaining Power Of Buyers,
4. The Bargaining Power Of Suppliers, And
5. The Closeness Of Substitutes To An Industry’s Products.
Porters Argues That The Stronger Each Of These Forces, The More Limited Is The Ability Of Established Companies To Raise Prices And Earn Greater Profits.
References List
Porter, M. E. (1979). "How Competitive Forces Shape Strategy." Harvard Business Review 57(2): 137-145.
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*
References From Books/Textbooks, Periodicals, Magazines, Newsprints, Websites, And Other Non-Academic Literature.
Reference List
Non-Academic Journal Articles
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Assignment Submission
Attached A Cover Sheet & Signed (Download From Course Blackboard)
Firstly, Submit Into Turnitin To Check The Authenticity
Attach The Turnitin Report To Your Assignment
Assignment Submission: On-Line (Including Turnitin) Via RMIT Blackboard
Attached The Turnitin Report To Your Assignment
*
Attachment - Turnitin Report
ORIGINALITY REPORT
4% 2% 2% 19%
Similarity Index Internet Sources Publications Papers Student Papers
Primary Sources
1
Submitted To RMIT University
1%
2
www.ge.com.usa
2%
3
Submitted To Curtin University
3%
*
Similarity Index: <20%
Penalty May Be Incurred; Exceeding 20% Similarity
*
*
*
My Advice Is This: Finish Your Assignment Early (Days Early, NOT Hours) & Submit It Well BEFORE The Due Date.
A Catastrophic Failure Of The System Aside, Claims Of System Slowness & Other Such Excuses Will NOT Be Accepted By RMIT As A Valid Reason For Being Late.
Late Submissions
Submission: Submit Assignment On-Line Via The Course Blackboard
Lateness: Late Submission Will Be Penalized 10% Of The Marks For Each Day After The Due Date.
No Assignment Will Be Accepted More Than 7 (Seven) Calendar Days Late Without Special Consideration
*
For Further Details Refer To The BUSM 3200 Assignment Guide
BUSM3200
Assignment Guide
*
Assessments Markers
Assessments 01 & 02 Will Be Marked - By The Local Lecturer & The Final Exam Will Be Marked By The RMIT Faculty.
*
*
For want of an unasked question, knowledge dies. Knowledge is your lifeblood. There is an interesting paradox here: Dumb questions frequently open the mind to brilliant answers.
Ask anyway. There is a 99 percent chance that, instead of looking stupid, you come off as courageous and curious enough to ask which seem simple or obvious. Most of us have stories about how the one question opened a whole new set of opportunities or made a muddy situation become perfectly clear. If we do not ask that one question, we risk passing up great opportunities for understanding and progressing in our business.
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
Local Lecturer: Rodney Goon
BUSM3200 - Strategic Management
Bachelor Of Business (Management)
Assessment 02 –Briefing
Jan 2017
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_________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
- Due Date: Monday, Week 12 - Apr 03rd 2017
Assignment 02: Group Assessment – 45%
Strategic Formulation & Implementation
- Due Time: By 7.00pm (Local Time)
- Place: On-Line RMIT Blackboard
- Format: Report
- Length: 7,500 Words (Max), 1.5 Line Spaced, 12 Point Times New Roman.
Note: The Word Count Does Not Include References Or Appendices
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BUSM3200 – Strategic Management
Assignment Group Members
Company:
Group Members: MAXIMUM 5 Students Per Group
1. Name: ______________________________________________
2. Name: ______________________________________________
3. Name: ______________________________________________
4. Name: ______________________________________________
5. Name: ______________________________________________
Please Write Legibly & NAMES Should Be SIMILAR To The RMIT University Enrolment. This Is To Facilitate The Prompt & Correct Entry Of Your Marks Into The RMIT Grade Centre.
Group Leader RMIT e-mail: ________________________________________
Group Leader Mobile Contact: ______________________________________
Propose ONE Strategic Initiative & Develop Its Implementation Plan Based On The Strategic Analysis Of Your Individual Assignment
Strategy Formation & Implementation
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Write A 7500 (Max) Report, Including 200 Words Of Executive Summary
Strategy Formation & Implementation
Use Findings From First Assignments (From All Group Members) To Propose ONE Strategic Initiative For MYER Encompassing A 3-Year Time Horizon.
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Create An Actionable Strategy Implementation Plan (Achievable & Realistic)
Strategy Formation & Implementation
Demonstrate What & Why The Plan Can Help MYER Achieve & Maintain A Sustainable Competitive Advantage.
How This Plan Can Be Implemented.
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Identify/Discuss The Current Generic Business Strategy
Strategy Formation & Implementation - Tasks
Examine Its Strategy Statement And/Or
Its Value Chain;
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Types Of Business-Level Strategy
Each Business-Level Strategy Involves A Particular Competitive Scope
- Broad Target (Industry Wide)
- Narrow Target (Particular Segment Only)
Competitive Scope Has Several Dimensions:
- The Group Of Product & Customer Segments Served
- The Array Of Geographic Markets In Which
The Firm Competes.
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Cost Leadership
Differentiation
Focused Cost Leadership
Focused Differentiation
Integrated Cost Leadership/Differentiation.
Types Of Business-Level Strategy
To Position The Firm, Management May Choose From Five Business-Level Strategies:
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Business - Level: Three Generic Strategies
Overall Cost Leadership
Differentiation
Focus
Uniqueness Perceived By The Customer
Low Cost Position
Competitive Advantage
Strategic Target
Industry Wide
Particular Segment Only
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Integrated Cost Leadership/Differentiation Strategy
Uniqueness Perceived By The Customer
Low Cost Position
Competitive Advantage
Strategic Target
Industry Wide
Particular Segment Only
Overall Cost Leadership
Differentiation
Focus
Integrated Cost Leadership/Differentiation Strategy
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The Basic Value Chain
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Each corporation has its own internal value chain activities. Michael Porter proposes that a manufacturing firm’s primary activities usually begin with inbound logistics (raw materials handling and warehousing), go through an operations process in which a product is manufactured, and continue on to outbound logistics (warehousing and distribution), marketing and sales, and finally to service (installation, repair, and sale of parts).
Several support activities, such as procurement (purchasing), technology development (R&D), human resource management, and firm infrastructure (accounting, finance, strategic planning), ensure that the primary value-chain activities operate effectively. Each of a company’s product lines has its own distinctive value chain. Because most corporations make several different products or services, and internal analysis of the firm involves analyzing a series of different value chains.
___________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
2. Propose ONE NEW Strategic Initiative For MYER To Implement – It Can Be:
Strategy Formation & Implementation - Tasks
A Major Functional Initiative (e.g. Marketing, Technology, Product Innovation; And
Mergers & Acquisition.
Justify Why The Initiative Is Strategic & How It Can Enhance MYER’s Competitive Advantage
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Figure 7.2 Corporate Strategy Directions
Source: Adapted From H.I. Ansoff, Corporate Strategy, Penguin, 1988, Chapter 6. Ansoff Originally Had A Matrix With Four Separate Boxes, But In Practice Strategic Directions Involve More Continuous Axes. The Ansoff Matrix Itself Was Later Developed – See Reference 1
Corporate Strategy Directions – Ansoff Matrix
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Value-Creating Activities Associated With The Differentiation Strategy
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A TAKEOVER Is An Acquisition Strategy Wherein The Target Firm Did Not Solicit The Acquiring Firm’s Bid.
Definitions:
A MERGER Is A Strategy Through Which Two Firms Agree To Integrate Their Operations On A Relatively Co-Equal Basis.
An ACQUISITION Is A Strategy Through Which One Firm Buys A Controlling, Or 100%, Interest In
Another Firm With The Intent Of Making The Acquired Firm A Subsidiary Business Within Its Portfolio.
Mergers, Acquisitions & Takeovers: What Are The Differences?
3. Develop A Strategy Implementation Plan That Primarily Focuses On:
Strategy Formation & Implementation - Tasks
What Needs To Be Change To Implement The Strategy?
Why The Proposed Changes Should Be Made?
How Will The Changes Proposed Be Managed & Implemented
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Diagnosis
Leading &
Managing
Change
Levers
For Change
Managing
Change
Programs
Key Elements In Managing Strategic Change
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Strategy Matters – In Identifying The Need For Change & The Direction Of Change.
Context Matters – The Right Approach To Change Depends On The Circumstances.
Inertia & Resistance – Getting People To Change From Existing Ways Of Doing Things Is Essential.
Leadership Matters – Good Leadership Of Change At All Levels Is Needed.
Four Key Premises:
Managing Change – Key Issues
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Figure 14.2 Types Of Change
Source: J. Balogun & V. Hope Hailey, Exploring Strategic Change, 3rd edition, Prentice Hall, 2007
Types Of Strategic Change
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Adaptation – Can Be Accommodated With The Existing Culture & Can Occur Incrementally.
Reconstruction – Rapid Change But Without Fundamentally Changing The Culture.
Revolution – Fundamental Changes In Both Strategy & Culture.
Evolution – Cultural Change Is Required But This Can Be Accomplished Over Time.
Types Of Strategic Change
Four Types Of Strategic Change:
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A Compelling Case For Change
Challenging The Taken-For-Granted
Changing Operational Processes & Routines
Symbolic Changes
Power & Political Systems
Levers For Change
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4. Explain How MYER Will Measure & Evaluate Your Proposed Strategic Initiative. Focus On:
Strategy Formation & Implementation - Tasks
A Set Of Key Success Measures For The Strategic Initiative, Using The Balanced Scorecard.
Draw A Strategy Map That Indicates The Key Success Measures & Their Hierarchical Relationships
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Establishing Balanced Organisational Controls
The Balanced Scorecard
The Balanced Scorecard Is A Framework Used To Verify That The Firm Has Established Both Strategic & Financial Controls To Assess Its Performance.
It Prevents An Over-Emphasis On Financial Controls At The Expense Of Strategic Controls.
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The Four Perspectives Of The Balanced Scorecard
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Strategic Controls & Financial Controls In A Balanced Scorecard Framework
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Balanced Scorecard
Strategy Map
Visually Represent In A Compelling Manner The Important Elements & Their Interrelationships Within The Strategy
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Example: Strategy Map
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Example: Strategy Map
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4. Explain How MYER Will Measure & Evaluate Your Proposed Strategic Initiative. Focus On:
Strategy Formation & Implementation - Tasks
Cont’d
The Suitability Of The Proposed Strategic Initiative In Light Of The External Environment, MYER’s Capability & Its Current Business Strategy
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The Safe Criteria & Techniques Of Evaluation
The SAFe Criteria
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Is Concerned With Assessing Which Proposed Strategies Address The Key Opportunities & Constraints An Organisation Faces, Through An Understanding Of The Strategic Position Of An Organisation.
It Is Concerned With The Overall Rationale Of The Strategy:
Suitability
Does It Capitalise On The Organisation’s Strengths & Strategic Capabilities & Avoid Or Remedy The Weaknesses?
Does It Exploit The Opportunities In The Environment & Avoid The Threats?
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Acceptability
Is Concerned With Whether The Expected Performance Outcomes Of A Proposed Strategy Meet The Expectations Of Stakeholders.
There Are 3 Important Aspects To Acceptability
Risk.
Return.
Stakeholders Reactions.
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Concerns The Extent To Which Strategic Outcomes Are Unpredictable, Especially With Regard To Negative Outcome
Risk
Sensitivity Analysis
Financial Ratios
Break-Even Analysis
Risk Can Be Assessed Using:
Allows Each Of The Important Assumptions Underlying A Particular Strategy To Be Questioned & Challenged
Provide A Quick & Relatively Simple Means Of Examining The Financial Health Of The Business
A Simple Way Of Quantifying Some Of The Key Factors Which Could Determine The Success Or Failure Of A Strategy
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Measures of Shareholder Value
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Feasibility (1)
Is Concerned With Whether A Strategy Could Work In Practice i.e. Whether An Organisation Has The Capabilities To Deliver A Strategy
Two Key Questions
Do The Resources & Competences Currently Exist To Implement The Strategy Effectively?
If Not, Can They Be Obtained?
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Financial Feasibility - Funding & Cash Flow.
People & Skills - Competences, Knowledge & Experience.
Integrating Resources - Obtaining & Integrating New Resources
Need To Consider:
Feasibility (2)
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Harvard Referencing
Citation – In The Report
To Analyze Competitive Forces In An Industry Environment And In Order To Identify The Opportunities & Threats Confronting A Company, (Porter 1979) 5 Forces Model Is Used In The Analysis. This Model Focuses On Five Forces That Shape Competition Within An Industry:
1. The Risk Of New Entry Of Potential Competitors,
2. The Degree Of Rivalry Among Established Companies Within An Industry,
3. The Bargaining Power Of Buyers,
4. The Bargaining Power Of Suppliers, And
5. The Closeness Of Substitutes To An Industry’s Products.
Porters Argues That The Stronger Each Of These Forces, The More Limited Is The Ability Of Established Companies To Raise Prices And Earn Greater Profits.
References List
Porter, M. E. (1979). "How Competitive Forces Shape Strategy." Harvard Business Review 57(2): 137-145.
*
Academic References
Academic Papers From Peer Reviewed Academic Journals
Examples – Peer Reviewed Academic Journals
*
*
Hollender, J. (2004) “ What Matters Most: Corporate Values & Social Responsibility", California Management Review, Vol 46, Issue 4, pp 111-119
Peer Reviewed Academic Journal Articles - Examples
Rowley, T.J. & Moldoveanu, M. (2003) “When Will Stakeholder Act? An Interesting Identity-Based Model Of Stakeholder Group Mobilization", Academy Of Management Review, Vol 28, Issue 2, pp 204-219
Sull D.N (2005) “Strategy As Active Waiting”, International Harvard Business Review, Vol 83, Issue 9, pp 120-130
*
*
Harvard Referencing
Citation – In The Report
To Analyze Competitive Forces In An Industry Environment And In Order To Identify The Opportunities & Threats Confronting A Company, (Porter 1979) 5 Forces Model Is Used In The Analysis. This Model Focuses On Five Forces That Shape Competition Within An Industry:
1. The Risk Of New Entry Of Potential Competitors,
2. The Degree Of Rivalry Among Established Companies Within An Industry,
3. The Bargaining Power Of Buyers,
4. The Bargaining Power Of Suppliers, And
5. The Closeness Of Substitutes To An Industry’s Products.
Porters Argues That The Stronger Each Of These Forces, The More Limited Is The Ability Of Established Companies To Raise Prices And Earn Greater Profits.
References List
Porter, M. E. (1979). "How Competitive Forces Shape Strategy." Harvard Business Review 57(2): 137-145.
*
*
References From Books/Textbooks, Periodicals, Magazines, Newsprints, Websites, And Other Non-Academic Literature.
Reference List
Non-Academic Journal Articles
*
Assignment Submission
Attached A Cover Sheet & Signed (Download From Course Blackboard)
Firstly, Submit Into Turnitin To Check The Authenticity
Attach The Turnitin Report To Your Assignment
Attachment - Turnitin Report
ORIGINALITY REPORT
4% 2% 2% 19%
Similarity Index Internet Sources Publications Papers Student Papers
Primary Sources
1
Submitted To RMIT University
1%
2
www.ge.com.usa
2%
3
Submitted To Curtin University
3%
*
Similarity Index: <20%
Penalty May Be Incurred; Exceeding 20% Similarity
*
My Advice Is This: Finish Your Assignment Early (Days Early, NOT Hours) & Submit It Well BEFORE The Due Date.
A Catastrophic Failure Of The System Aside, Claims Of System Slowness & Other Such Excuses Will NOT Be Accepted By RMIT As A Valid Reason For Being Late.
Assignment Submission: On-Line (Including Turnitin) Via RMIT Blackboard
Attached The Turnitin Report To Your Assignment
*
*
*
Late Submissions
Submission: Submit Assignment On-Line Via The Course Blackboard
Lateness: Late Submission Will Be Penalized 10% Of The Marks For Each Day After The Due Date.
No Assignment Will Be Accepted More Than 7 (Seven) Calendar Days Late Without Special Consideration
*
For Further Details Refer To The BUSM 3200 Assignment Guide
BUSM3200
Assignment Guide
*
Assessments Markers
Assessments 01 & 02 Will Be Marked - By The Local Lecturer & The Final Exam Will Be Marked By The RMIT Faculty.
*
*
For want of an unasked question, knowledge dies. Knowledge is your lifeblood. There is an interesting paradox here: Dumb questions frequently open the mind to brilliant answers.
Ask anyway. There is a 99 percent chance that, instead of looking stupid, you come off as courageous and curious enough to ask which seem simple or obvious. Most of us have stories about how the one question opened a whole new set of opportunities or made a muddy situation become perfectly clear. If we do not ask that one question, we risk passing up great opportunities for understanding and progressing in our business.
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
Use ONLY The RMIT e-Mail System For All Enquiries & Other Correspondence With The RMIT Faculty/Staff & Local Lecturer.
e-Mail: [email protected]
For want of an unasked question, knowledge dies. Knowledge is your lifeblood. There is an interesting paradox here: Dumb questions frequently open the mind to brilliant answers.
Ask anyway. There is a 99 percent chance that, instead of looking stupid, you come off as courageous and curious enough to ask which seem simple or obvious. Most of us have stories about how the one question opened a whole new set of opportunities or made a muddy situation become perfectly clear. If we do not ask that one question, we risk passing up great opportunities for understanding and progressing in our business.
________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
*
*
NO REPLY/RESPONSE From RMIT Staff & Associates Will Be Forthcoming If You Use Your PRIVATE Or Other Institution’s e-Mail Accounts. EXAMPLES