Strategic management

Strategic management

 

Coursework Guideline by my tutor
– Application and Analysis
– We don’t want description of models
– We don’t want critique of models
Roi Tinto is a global company , therefore look at
-Use only IRON ORE Industry
– for resources analysis , you may need to go more global
Therefore , in pestle , you will have a mix of regional and global issues relevant to aspects of the market and internal resources
That STUDENT should show how they have scoped the analysis of the organisation
Instructions
1: Table of content
2: Executive Summary
3: Brief Introduction
4: Main Body of the Report student must USED 8 models for the application and analysis of ROI TINTO (IRON ORE INDUSTRY)
ENVIRONMENTAL ANALYSIS : PRACTICAL TIPS
1: PESTLE: make sure it is macro and external, Internal Resources and SWOT . AND make sure the technological factors are external
2: PORTER’S FIVE FORCES: application and analysis , don’t just describe who competitors are
3: STAKEHOLDERS ANALYSIS: application and analysis
4: INDUSTRY LIFE CYCLE: tell us more about the nature of industry forces ,its life cycle of industry not company , how might pestle issues affect life cycle ? provide justification?
5: STRATEGIC GROUP ANALYSIS: COMPARISON to other organisation, talk where potential gaps , need to look at the mobility between groups, you decide variables for axis , remember size is denoted by size of circle(look for data), quality and price are usually too closely correlated and provide data to back it up
RESOURCES ANALYSIS: PRACTICAL TIPS
6: VALUE CHAIN: How does Roi Tinto (IRON ORE) add value to the input in a way that fulfils the critical success factors in the market?, consider main competitors note : common mistake don’t just describe the activities but look for evidence of problems or success
7: VRIS/VRIN/VRIO(or RESOURCE COMP MATRIX): Look at the value chain and make a judgement on where competitive advantage lies, choose key resources /competences, remember that core resources and competences can come from relatively abstract phenomena such as path dependency; relationships, tacit knowledge and causal ambiguity.
COMING UP WITH STRATEGIC CHOICES
8: TOWS and Ansoff:
don’t have to fill in every box, make sure they have some connection to the strategic analysis, some options might appear to be linked. A new idea might pop up here- therefore, go back to the strategic analysis so that you can retrospectively justify, however- judgement is required

EVALUATION OF STRATEGIC CHOICES (OPTIONS)
– Suitability: is there an opportunity to be exploited and/or a threat to be overcome? (TOWS should address this)
-Acceptability: do a stakeholder’s analysis here
-Feasibility: Are there resources in place? Is there recommendation likely to make money?
– Various ways of growing a firm: internal (organic) development, mergers and acquisitions, strategic alliances.

RECOMMENDATIONS : Method of growth : various ways of growing a firm
-internal (organic ) development
– Merger and acquisitions
– Strategic Alliances
YOU need only mention this briefly as part of the recommendation
9: REFERENCES  (HARVARD APA STYLE)
Note: sketch all the 8 models diagram in the appendices

10: APPENDIXES : This should carry all the 8 models diagrams and linked to main body to illustrate and for each of the modles please give further explanation in this appendixes
1: PESTLE diagram of BP
2: PORTER’S FIVE FORCES diagram of Roi Tinto (IRON ORE INDUSTRY)
3; STAKEHOLDERS ANLYSIS Diagram of Roi Tinto (IRON ORE INDUSTRY)
4: INDUSTRY LIFE CYCLE diagram of Roi Tinto (IRON ORE INDUSTRY)
5: STRATEGIC GROUP ANALYSIS diagram of Roi Tinto (IRON ORE INDUSTRY)
6: VALUE CHAIN Diagram of Roi Tinto (IRON ORE INDUSTRY)
7: VRIS/VRIN/VRIO (or comp matrix) Diagram of Roi Tinto (IRON ORE INDUSTRY)
8: ANSOFF diagram of Roi Tinto (IRON ORE INDUSTRY)
9: TOWS diagram of Roi Tinto (IRON ORE) INDUSTRY