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MGMT 3006 Strategic Analysis Assignment Sample Canada
The MGMT 3006 Strategic Analysis course is designed to provide students with the skills and knowledge necessary to effectively analyze business opportunities and formulate sound strategic plans. The course begins with an overview of the strategic planning process, including the identification of key stakeholders, the setting of objectives, and the formulation of strategies.
Students then learn how to conduct a SWOT analysis, an important tool for understanding a company’s strengths and weaknesses and for identifying opportunities and threats. The course also covers key financial concepts such as capital budgeting and break-even analysis.
Throughout the course, students are given numerous opportunities to apply the concepts they have learned through case studies and group projects. By the end of the course, students should be able to confidently analyze business opportunities and develop well-crafted strategic plans.
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In this section, we are providing some tasks. These are:
Assignment Task 1: Evaluate business problems and opportunities for the purpose of creating strategies.
When it comes to business, there are many different problems and opportunities that can come up. As a strategic analyst, it is your job to evaluate these business problems and opportunities in order to create strategies. In order to do this effectively, you need to first understand the different types of business problems and opportunities.
There are three main types of business problems:
- Operational problems – these are issues with the day-to-day running of the business. They can be anything from inefficiencies in the production process to customer service issues.
- Financial problems – these are issues that affect the financial health of the business. They can be anything from cash flow problems to high levels of debt.
- Strategic problems – these are issues that affect the overall direction of the business. They can be anything from a lack of focus to competitive pressures.
There are three main types of business opportunities:
- Market opportunities – these are opportunities to enter new markets or to expand into existing markets. They can be anything from a new target market to a change in consumer behavior.
- Product opportunities – these are opportunities to develop new products or to improve existing products. They can be anything from a new product idea to an improvement in the manufacturing process.
- Business model opportunities – these are opportunities to change the way the business operates. They can be anything from a new marketing strategy to a different way of delivering the product.
Once you have identified the problem or opportunity, you need to determine what kind of strategy is needed. There are four main types of strategies:
- Operational strategies – these are strategies that aim to improve the efficiency of the business. They can be anything from process improvements to changes in the way the business is organized.
- Financial strategies – these are strategies that aim to improve the financial health of the business. They can be anything from cost-cutting measures to raising capital.
- Strategic strategies – these are strategies that aim to improve the overall direction of the business. They can be anything from a new business model to a change in the company’s strategy.
- Marketing strategies – these are strategies that aim to improve the way the business markets its products or services. They can be anything from a new advertising campaign to a change in the way the product is packaged.
After you have identified the problem or opportunity and determined what kind of strategy is needed, you need to develop a plan for implementing the strategy. This plan should include a description of the steps that need to be taken, as well as a timeline for each step. It is important to remember that not all strategies will be successful and that some may require multiple attempts before they are successful.
Assignment Task 2: Interpret qualitative and quantitative information for decision making.
In order to make effective decisions, analysts need to be able to interpret both qualitative and quantitative information. Qualitative information is information that cannot be measured in numbers. This can include things like customer surveys, interviews, and focus groups. Quantitative information is information that can be measured in numbers. This can include things like sales figures, financial data, and market research data.
When analysts are presented with both types of information, they need to be able to analyze and compare the two in order to make the best decision possible. There are a few things to keep in mind when doing this:
- Qualitative information is often more subjective than quantitative information. This means that it can be more difficult to interpret.
- Quantitative information is often more objective than qualitative information. This means that it can be easier to interpret.
- Qualitative information can provide insights that quantitative information cannot. This means that it is important to consider both types of information when making decisions.
- Quantitative information can provide data that qualitative information cannot. This means that it is important to consider both types of information when making decisions.
When analysts are presented with both qualitative and quantitative information, they need to carefully consider both in order to make the best decision possible.
Assignment Task 3: Reconcile the impact of economic, social, political, and cultural variables which affect a business operation and formulate strategies based upon the results.
There are a variety of factors that can affect a business’s operation. These include economic, social, political, and cultural variables. Each of these variables can have a positive or negative impact on the business.
The most important economic variable is GDP. This is the measure of a country’s overall economic output. A high GDP indicates a strong economy, while a low GDP indicates a weak economy. Other important economic variables include inflation, interest rates, and unemployment.
The most important social variable is demographics. This includes things like population size, age, income, education, and ethnicity. Other important social variables include culture and values.
The most important political variable is government stability. This includes things like the stability of the government, the legal system, and the tax system. Other important political variables include regulation, trade policy, and foreign relations.
The most important cultural variable is language. This is important because it can impact things like communication, marketing, and product development. Other important cultural variables include religion and values.
When considering these variables, businesses need to formulate strategies that take into account the potential impact of each variable.
Assignment Task 4: Recommend strategies to creatively organize, lead and assume the risks of an organization.
There are a variety of factors to consider when recommending strategies for an organization. These include the organization’s goals, the resources available, the environment in which the organization operates, and the risks involved.
- Organizational goals: The first step is to identify the organization’s goals. What does the organization want to achieve? Once this is clear, strategies can be developed to help the organization achieve its goals.
- Resources available: The next step is to identify the resources available to the organization. This includes things like money, staff, equipment, and facilities. Once this is clear, strategies can be developed to use these resources in the most effective way possible.
- Environment: The next step is to consider the environment in which the organization operates. This includes things like the political and economic environment, the competition, and the regulatory environment. Once this is clear, strategies can be developed to take advantage of opportunities and minimize threats.
- Risks: Finally, it is important to consider the risks involved in any strategy. What could go wrong? How likely is it that something will go wrong? What are the consequences of failure? Once these risks are clear, strategies can be developed to minimize them.
When developing strategies for an organization, it is important to consider all of these factors. Only by doing so can the best possible strategy be devised.
(A) Identify the causes of the business problem(s), or the factors creating the opportunity.
There can be many different causes of business problems, and it’s often hard to pinpoint a single source. However, some of the most common causes include poor planning, inadequate funding, ineffective marketing, bad hiring decisions, and failure to adapt to change.
Many businesses also fail because they don’t adequately identify or exploit opportunities. For example, they may fail to capitalize on a trend or miss an opportunity to expand into a new market. They might also have outdated products or technology that puts them at a competitive disadvantage.
Ultimately, the success or failure of a business depends on its ability to solve problems and take advantage of opportunities. To do this effectively, businesses need to constantly review their operations and look for ways to improve.
(B) Identify alternatives to solve the problem, or, exploit the opportunity.
There are many different ways to solve business problems or exploit opportunities. Some common solutions include changing the way you do things, investing in new technology or products, expanding into new markets, and improving your marketing.
It’s often helpful to brainstorm a variety of potential solutions and then narrow down the list to the most promising options. Once you’ve identified a few potential solutions, you can then evaluate each one to see which is most likely to succeed.
(C) Utilize the appropriate analytical tools to interpret gathered information.
There are many different analytical tools that can be used to interpret gathered information. Some common tools include SWOT analysis, business process mapping, and cost-benefit analysis.
The best tool to use will depend on the specific problem or opportunity you’re trying to address. For example, if you’re trying to improve your marketing, you might use marketing mix modeling to analyze your marketing campaigns and identify areas for improvement.
(D) Compare information to determine validity and relevance.
Once you’ve gathered and analyzed information, it’s important to compare it to other information to determine its validity and relevance. For example, if you’re considering expanding into a new market, you’ll want to research that market to see if it’s viable.
You can also use benchmarking to compare your performance against other businesses in your industry. This can help you identify areas where you need to improve.
(E) Isolate the key information or points.
Once you’ve gathered and analyzed information, it’s important to isolate the key points. This includes identifying the most important factors, such as the cause of a problem or the potential for growth in a new market.
It’s also important to identify any risks involved in a proposed solution. For example, if you’re considering expanding into a new market, you need to consider the risks of failure. What if the market is not as viable as you thought? What if your product is not well-received?
By identifying and isolating the key points, you can develop a more focused and effective strategy.
(F) Group data into relevant categories.
Once you’ve gathered and analyzed information, it’s important to group it into relevant categories. This helps you to better understand the data and see relationships between different pieces of information.
For example, if you’re analyzing customer feedback, you might group it by product category or by region. This would help you to identify any patterns or trends in the data.
(G) Conduct financial ratio analysis to determine the performance of a company or industry.
Financial ratio analysis is a tool that can be used to determine the performance of a company or industry. This type of analysis looks at various financial ratios, such as profitability, debt-to-equity, and return on investment.
By analyzing these ratios, you can get a better understanding of a company’s financial health and identify areas for improvement.
(H) Construct an industry analysis using Porter’s Five Forces.
Porter’s Five Forces is a tool that can be used to analyze the industry. This tool looks at five different forces that affect the profitability of an industry: buyers, suppliers, substitutes, new entrants, and rivals.
By looking at these forces, you can get a better understanding of the competitive landscape and identify opportunities or threats.
(I) Within the framework of the Diamond-E model, Conduct a SWOT and PESTEL analysis of a company.
A Diamond-E model is a tool that can be used to conduct a SWOT and PESTEL analysis of a company. This model looks at the internal and external factors that affect a company’s business.
The SWOT analysis looks at a company’s strengths, weaknesses, opportunities, and threats. The PESTEL analysis looks at political, economic, social, technological, environmental, and legal factors.
(J) Analyze the company’s and competitor’s value chain.
Value chain analysis is a tool that can be used to analyze the company’s and competitor’s value chain. This tool looks at the different activities that are involved in creating and delivering a product or service.
By looking at the value chain, you can identify areas where you have a competitive advantage or disadvantage. You can also identify opportunities to improve your value chain.
(K) Summarize and recommend the options available for the company.
Once you’ve gathered and analyzed information, it’s important to summarize the options available for the company. This includes identifying the best option, as well as any risks or potential problems with each option.
By summarizing the options, you can help the company make a more informed decision about its future.
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