Strategic Planning Discussion Questions

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timer Asked: Mar 6th, 2019
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Question Description

1. How can a decision maker identify strategic factors in the corporation's external

environment?

2. In what ways can a corporation’s structure and culture be internal strengths or weaknesses?

3. Compare and contrast S.W.O.T analysis with portfolio analysis.

4. When should a corporation or business unit outsource a function or activity?

5. What skills should a person have for managing a business unit following a differentiation strategy? Why? What should a company do if no one having these skills is available internally and the company has a policy of promotion from within?

6. Is the evaluation and control process appropriate for a corporation that emphasizes creativity? Are control and creativity compatible?

7. Evaluate the depth of your learning about Strategic Management. How can other coursework from previous classes be synthesized into your learning this term? What is the most significant learning objective you have met this class? Why is it the 'most' significant? How will it aid you along your managerial path?


APA format. 500 words min for each response. schoarly/academic soiurces only

Tutor Answer

CristinaP
School: Rice University

Attached.

Running head: STRATEGIC PLANNING

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Strategic Planning
Name
Institution Affiliation

STRATEGIC PLANNING

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Strategic Planning

1. How can a decision maker identify strategic factors in the corporation's external
environment?
Decision making is a crucial factor in every business. It influences all the aspects of an
organization, leading to a good investment and excellent customer service. Therefore, a good
decision maker impacts significantly in helping the business booster its productivity and
profitability. The decision maker prevents the firm from making quick decisions that can prohibit
the growth of the business. Therefore, they take their time to navigate through various solutions
and come up with a practical solution that can help the firm reap long term benefits (Maleka,
2014). Most importantly, the majority of firms prevent making the mistake of making poor
decisions to avoid consequences that may affect the business. Consequently, this can provide an
advantage to its competitors; thus, contributing to the firm's pitfalls.
Henceforth, decision makers conduct an environmental scan to determine various areas of
interest that can impact significantly on the business. For instance, the firm can look at the
business environment from the physical and climatic resources perspective. Consequently, the
latter and former help the firm determine new entrants markets or segments to venture in its
industry. The information is pivotal prior to conducting the business in a new city or country
(Suttle, 2018). Moreover, the decision maker will look at the demographics of the corporation’s
external environment. This will involve considering the change in population to determine the
taste and preference of the customers towards certain products as well as their buying behavior
(Suttle, 2018). Subsequently, the decision makers will have identified their potential clients
through the traits, and henceforth, they target the customers through adverts and promotion

STRATEGIC PLANNING

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(Suttle, 2018). Targeting clients with their demographic characteristics impact significantly to an
increase in sales of the products, which influence the profitability of the firm (Suttle, 2018).
Next, the decision makers can use the PEST (Political, Economic, Social-Cultural and
technological environment) to analyses the market. Following the concept, the managers can
determine the societal context of make consideration on the political view of countries they
intend to venture (Woodruff, 2019). It helps the decision makers identify the nations that have
strict or relaxed laws and the ones that are not stable politically when making their decisions
(Woodruff, 2019). Further, the concepts help the decision makers to analyze the macro
environment which is vital in strategic management. The managers can make a rational decision
using the ideas since it aid at comprehending the market growth, opportunities, the position of
the business, and the areas that require immediate action, hence, aiding in making a rational
decision (Maleka, 2014).
The decision makers can also scrutinize on their competitors. Through this way of
identifying strategic factors, the firm can assess its risks. Therefore, the managers can determine
the strengths and weaknesses of the competitors and implement specific strategies that will have
a distinct positioning on the firm. Moreover, the firm can use the barriers to prevent new entrants
in the market, hence, maintaining a competitive advantage in the global market. Therefore, by
focusing on the above issues, the decision makers can identify the strategic factors in the external
corporation market. More so, the ideas impact significantly at making rational decisions that
contribute to the productivity and profitability of the firm.
2. In what ways can a corporation’s structure and culture be internal strengths or
weaknesses?

STRATEGIC PLANNING

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Every organization has its corporate culture that defines its mission, goals, and
objectives. The culture is pivotal since it governs the firm and its members to work in a strategic
manner that impacts on the productivity of the firm. Therefore, once a company deviates away
from its culture or structure, it becomes unsuccessful and unable to compete in the global market
(Amah, 2012). The corporation structure and culture can be a strength or weakness in the firm.
For the corporate culture to impact on the intensity of the firm, it must full fill the following
functions. First, it must influence the sense of identity for the employees. Aforementioned will
involve the performance norms, attitudes of work practices, and the styles of operation in the
workplace (Amah, 2012). As a result, it will influence how the workers conduct their business in
the firm.
Further, through the ways the employees conduct themselves regarding the work
operations, new employees adopt the norms and values with ease and become incorporated into
the organization system (Amah, 2012). Therefore, through the employees and mode of operation,
the concepts act as a strength for the firm since there is minimal conflict amongst the workers.
Thus, creating a conducive environment for the employees.
Secondly, the corporate culture contributes to the workers commitment, hence, working
towards the goals and objective of the firm. Following the issue of core values and standards
morals, the culture creates a climate, where the workers share common conviction regarding the
organiz...

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Anonymous
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