Identification and assessment of existing and/or potential competitive advantage based on organization’s resources and capabilities. Use VRIO or VIRIN framework/analysis.
Vocational Scenario Submission Format Activity A
As a management trainee/intern at a UK-based management consultancy firm, your task is to conduct a situational analysis and develop a strategic management plan for a chosen fashion company. For Activity A, produce a situational analysis report, including:
- Brief background of the client organization, its mission, vision, and objectives.
- Detailed critical PESTLE and SWOT analysis of the chosen organization.
- Evaluation and interpretation of the organization’s resources and capabilities, utilizing the McKinsey 7s strategic model/framework.
- Identification and assessment of existing and/or potential competitive advantage based on the organization’s resources and capabilities, using VRIO or VIRIN framework/analysis.
Vocational scenario and assignment activity (B)
After conducting the situational analysis, develop a strategic management plan for the chosen organization`s expansion into a new territory. The plan should include:
- Executive summary
- Analysis of the selected market for the organization using Porter’s generic model.
- Development of strategic objectives based on market analysis, including tangible and tactical objectives.
- Justification of the importance of Strategic Management Plan (SMP) for the organization, applying different models or concepts to interpret its significance.
- Critical evaluation and justification of the most appropriate growth model aligning with the organization’s objectives.
- Evaluation of internal and external data to ensure successful strategic alignment.
- Recommendation of suitable strategies to ensure competitive advantage and market positioning.
Submission Format Activity B
Submit a concise business strategy plan report in Microsoft Office Word format (.doc or .docx). Support all work with research and reference using the Harvard referencing system, including a bibliography. The word limit is 2000 words, with flexibility for slight deviations.