For your group project, consider The McGraw-Hill Companies (https://www.mcgraw-hill.com/). Using the guidelines established in Chapter 11 of your text, produce a Strategic Audit for McGraw-Hill . As you produce your Strategic Audit, make sure to include all eight sections.
IFAS, EFAS, and SFAS tables are to be presented in Excel format, separate from the rest of the assignment, which is to be written in a Word file. As a reminder, two files are to be submitted: One Excel file (counting for three pages) and one Word file (up to seven pages double-spaced).
You will be graded on your knowledge of the software in building the MS Excel tables, and on your ability to communicate in writing and present your arguments. You will also be graded on your ability to analyze socio-cultural, political-legal, technological, and financial data to justify your available strategies and the one(s) you recommend, and finally on your critical thinking and problem solving abilities in justifying your set of strategies.
Q1. Explain the strategic management process within the global environment.
Q2. Describe the role of corporate governance in strategic decision making.
Q3. Conduct various environmental analyses as they relate to an organization.
Q4. Identify challenges in strategy implementation.
Q5. Formulate strategies and potential strategic alternatives for different situations.
Q6. Recognize situations that present potential ethical and legal issues and develop solutions for those issues.
DONT NEED (EFAS, IFAS, SFAS) Excel file
The following are deliverables for GP 5.
1) Assignment Cover Page (available in Instructor’s File): Must be completed along with contribution / participation percentages of those members who contributed. Please read the Group Rule message in your team’s Discussion Board.
2) Current Situation (should use only the company information).
a) Current performance
b) Strategic Posture
- Mission
- Objectives
- Strategies
- Policies
3) Strategic Managers (company’s annual report)
a) Board of Directors
b) Top Management
4) External Environment (EFAS table is require)
5) Internal Environment (IFAS table is required)
6) Analysis of Strategic Factors (SFAS table is required)
7) Strategic Alternatives & Recommended Strategy
a) Strategic Alternatives (each strategy should have PRO & CON)
b) Recommended Strategy (business / peer review articles needed to support your position / recommendation).
8) Implementation
9) Evaluation & Control
10) References