Problem:
Research The Samsung Group (https://www.samsung.com/us/aboutsamsung/samsunggroup/).
Use any additional resources you might deem necessary. This is to complete a Strategic Audit.
1. Analysis of Strategic Factors. An analysis of strategic factors or SFAS (Strategic Factor Analysis Summary) on IFAS and EFAS tables, this requires three tables in Excel format, each in one separate file. No comments are needed on the IFAS and the EFAS tables, but comments are needed on the SFAS table, Include one Excel file with three separate sheets, one for the IFAS, one for the EFAS and one for the SFAS).
2. Strategic Alternatives and Recommended Strategy. Analyze the economic, socio-cultural, political-legal, technological, and financial data to justify available strategies and the one(s) you recommend.
3. Implementation: Describe the implementation of the strategy(ies) you recommended.
4. Evaluation and Control. How do you evaluate the performance of your implemented strategy(ies)?
Assignment:
1) 2 Paragraphs Brief Intro.
2) Discuss 3 alternatives (either in directional, portfolio, or parenting strategies). Sould be based on SFAS. Focus on either corporate or business strategies to use.
3) Set the idea in motion.
4) Implementation: Discuss how you would implement the strategy you selected. (try to include putting programs into place, budgets, procedure, and organizational structure) & (pick a structure fitting the best divisional, matrix, functional, & modified forms) & (how to reward people in new structure, staffing, inside vs. outside succession, and leadership, corporate culture).
5) Evaluation and Control: Discuss how you would evaluate and control the strategy you implemented. (Discuss how the firm will measure their success for the strategies they implemented, show the process, and show an example of how a Balance Scorecard could be implemented)