Assignment: Strategy planning.
Length: 500 words.
Keep your Capsim team in mind when you read Chapter 6, Strategy,found in your Capsim e-Textbook.
• What is your team's strategy for going to market? (high vs low tech sensor production).
• Did you choose to pursue a low-cost approach, a differentiation strategy, or to create a niche? Discuss why this was selected.
• Discuss that strategy and describe what barriers it may face, the potential consequences, and how the team will address them.
In addition to your team strategy comments; also consider that in today's world of dynamic organizations, the impact of analysis is very significant. I look forward to your opinions on how each model has effect; and any applications to your current organization. You have learned about strategic planning models in previous courses, such as the SWOT analysis, Porter's Five Competitive Forces, and the BCG Matrix. Let's review these models to evaluate how they can help managers analyze business results as well as help your team in the simulation. Share your thoughts on these aspects.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.