Strategic Management Assignment Tasks
1. Drivers of Change
There are many external drivers of change for businesses today, particularly in the area of technology. Analyse 3suchexternaldrivers for change for your chosen organisation as they seek to compete in the global, dynamic and fast changing world of business. Analyse and critically evaluate the impact that each of these drivers is having upon both the relevant industry sector and upon the selected company.
2. Competitive Environment
For 1 of yourcompany's business units, conduct a competitive analysis utilising the five forces of competition analysis as outlined by Michael Porter. You must alsoclassify whether the overall threat/power of these forces is low, medium or high, justifying your points.
3. Internal Analysis:
Conduct each of the following tasks:
3.1 A Resource Audit, distinguishing between Basic and Distinctive Resources
3.2 An Analysis of Capabilities (Analyse a maximum of 5 capabilities distinguishing between Threshold and Distinctive Capabilities)
Justify your answer by conducting a VRIO analysis for bothDistinctive Resources and Distinctive Competences.
4. Conclusions and Recommendations
Draw conclusions as to the key issues that you have analysed. Put forward key recommendations as to how your selected organisation should proceed in the future in terms of their strategic direction.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.