choose your organization where you are currently working or where you have worked earlier. If you are choosing any other organization, it has to be one about which you have firsthand knowledge so as to fulfill the requirements of the assignment. You will write a Report on the chosen organizations strategic management changes that it wants to incorporate.Suggested Report FormatExecutive Summary (10 marks) The Executive Summary content should not be more than one A4 page size. It will contain briefly all the important elements of discussion brought about in your report. 1.Introduction1. 1 Introduction to the company (5 marks) – Here you can give a current brief of your organization including vision, mission, strategic objectives, product/services offered, regions served, revenues, employee size etc. Assess the organizations competitive position and its strategic drivers using the concepts of any one strategic management theory.1.2 Current Business Scenario (10 marks) – Evaluate the organizational design of your chosen organisation, as well as its current stage of the organizational lifecycle. Discuss their impact on external business competitors and the chosen organizations performance effectiveness. 2. Environmental Analysis and need for change (15 marks) – Critically analyse the effect of external environment on your chosen organizations operations. Evaluate the impact of at least two key environmental factors on your companys business profitability, and your organizations response to it.3. Strategy Identification and implementation3.1 Strategy formulation (10 marks) Apply and critically discuss any one or more strategy formulation tools to design a business strategy for your organization which will bring innovation in any business aspect(s).3.2 Implementation of strategy (15 marks) Propose a detailed plan for the strategy implementation. Discuss the critical success factors that will ensure organisational success and meet stakeholder expectations. Also critically discuss how the strategy will promote change readiness and promote innovation.4. Leadership Styles to Manage Strategic Change4.1 Leadership Styles and Organizational Performance (10 marks) Critically assess at least 2 or more leadership styles which benefitted your organization and enhanced organizational performance? 4.2 Leadership Styles and Values/ CSR (10 marks) Critically evaluate and share recommendations of leadership style(s) that would support further development of corporate values in your chosen organization. Assess the impact of this style on managing the companys corporate social responsibilities and managing organizational change.5. Recommendations & Conclusion (10 marks) Give your recommendations to ensure successful implementation of strategy. Conclude by summarizing the major strategic management issues highlighted in your chosen organization.6. Presentation & References (5 marks)
Executive Summary
[Organization Name] is a [industry] company with a vision to [vision]. To remain competitive and achieve its goals, the organization needs to implement several strategic changes. These changes include [briefly list key changes, such as adopting a new business model, expanding into new markets, or investing in technology]. By implementing these changes, [Organization Name] can improve its [key performance indicators, e.g., profitability, customer satisfaction, market share].
1.1 Introduction to the Company
Organization Name is a [industry] company founded in [year]. Our mission is to [mission]. We offer [products/services] to [target market]. We operate in [regions] and have [number] employees. Our strategic objectives are to
Competitive Position and Strategic Drivers:
Using Porter’s Five Forces analysis, we can assess our competitive position:
Based on these factors, our strategic drivers are
1.2 Current Business Scenario
Our organization has a [type of organizational design, e.g., functional, divisional]. We are currently in the [stage of organizational lifecycle, e.g., growth, maturity].
The organizational design and lifecycle stage have [positive/negative] impacts on our external business competitors and our performance effectiveness. For example, [discuss specific impacts].
External Environmental Factors:
Impact on Business Profitability and Organizational Response:
Two key environmental factors that have significantly impacted our business profitability are [factor 1] and [factor 2]. Our organization has responded to these factors by [describe responses].
3.1 Strategy Formulation
Using [strategy formulation tool, e.g., SWOT analysis, PEST analysis], we have identified the following strategic options:
Based on our analysis, we recommend adopting Option [number] as our new business strategy. This strategy will bring innovation in [business aspect].
3.2 Implementation of Strategy
Our strategy implementation plan includes the following steps:
The critical success factors for implementing this strategy are
4.1 Leadership Styles and Organizational Performance
Two leadership styles that have benefited our organization and enhanced performance are [style 1] and [style 2]. These styles have contributed to [positive outcomes].
4.2 Leadership Styles and Values/CSR
To support further development of corporate values, we recommend adopting a [leadership style]. This style will help us [achieve specific goals related to values and CSR]. By managing corporate social responsibilities in this way, we can [positive outcomes].
To ensure successful implementation of our strategy, we recommend
In conclusion, [Organization Name] has identified several strategic management issues that need to be addressed. By implementing the proposed changes, we can improve our [key performance indicators] and achieve our long-term goals.