Homework: Executing Strategies and Management Responsibilities
Overview
In this homework, use the same company and department (TESLA) you selected and focused on for the Getting to Know the Organization homework and the Addressing Organizational Challenges as a Manager homework.
Using the company and department (TESLA) that you have used for the Getting to Know the Organization homework and the Addressing Organizational Challenges as a Manager homework, review and incorporate any feedback from your professor and reference the external opportunities, threats, internal strengths, and weakness factors that you identified. In this homework, you will examine your role as a manager and how you can help the company execute an alternative strategy to remain competitive in the marketplace.
Use any or all of the following resources to conduct research on the company:
a. The company website.
b. Public filings in the Securities and Exchange Commission EDGAR database.
c. Other miscellaneous sources.
Instructions
Write 5 pages report in which you do the following:
A. Develop a SWOT matrix that outlines the strengths, weaknesses, opportunities, and threats for the company.
B. Determine and describe one feasible alternative strategy from the list below that could reasonably benefit your chosen company. Specifically consider the benefits related to the company's strengths, weaknesses, external threats, and external opportunities. Justify your response.
a. Forward integration.
b. Backward integration.
c. Horizontal integration.
d. Market penetration.
e. Market development.
f. Product development.
g. Related diversification.
h. Unrelated diversification.
i. Retrenchment.
j. Divestiture.
k. Liquidation.
C. Considering your chosen alternative strategy, outline your strategic plan as the department manager to help your company execute this strategy.
D. Assess how you will use the four functions of management to execute your outlined plan.
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.
The specific course learning outcome associated with this homework is:
a. Formulate strategies that address management responsibilities and functions in a technical organizational setting.