Assessment Details and Submission GuidelinesTrimester T1 2020 Unit Code HI6006 Unit Title Competitive Strategy Assessment Type Individual Assignment Assessment Title Essay – Key Strategy Development...

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Assessment Details and Submission GuidelinesTrimester T1 2020 Unit Code HI6006 Unit Title Competitive Strategy Assessment Type Individual Assignment Assessment Title Essay – Key Strategy Development Tools Purpose of the assessment (with ULO Mapping) Students are required to write a Comprehensive discussion of any three of the strategy models, with practical application to current business examplesWeight 20% of the total assessments Total Marks 20 Word limit Not more than 1500 words Due Date Week 5 [Late submission penalties accrue at the rate of -10% per day] Submission Guidelines • All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page. • The assignment must be in MS Word format, 1.5 spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. • Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style.


HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1 Assessment Details and Submission Guidelines Trimester T1 2020 Unit Code HI6006 Unit Title Competitive Strategy Assessment Type Individual Assignment Assessment Title Essay – Key Strategy Development Tools Purpose of the assessment (with ULO Mapping) Students are required to write a Comprehensive discussion of any three of the strategy models, with practical application to current business examples Weight 20% of the total assessments Total Marks 20 Word limit Not more than 1500 words Due Date Week 5 [Late submission penalties accrue at the rate of -10% per day] Submission Guidelines • All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page. • The assignment must be in MS Word format, 1.5 spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. • Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using Harvard referencing style. HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1 Page 2 of 3 Purpose: Assignment 1 Specifications This assignment aims at ensuring that students have familiarised themselves with the foundational strategy development models and are able to relate them to current practical business examples. . Details Write an essay explaining what the main strategy development tools are and how they are used in business. Your essay must contain a comprehensive discussion of 3 of the following: PESTEL, Five Forces, Resource-Based View, PROFIT, Input/Output, SWOT Analysis (you may include Cross Impact Analysis), Generic Strategies, Ansoff, Ghemawat, with reference to academic journals and practical examples from industry. In this essay, sub-headings are permitted. Be sure to use paragraphing. Be sure to reference your sources in-text and provide a list of references at the end, all in Harvard style. Your final submission is due Friday of week 5 at midnight. Assignment Structure One page for your explanation of each model, including the example. Thus, a half page introduction, then 3 pages for the explanation of the 3 models, plus a half page conclusion. Add a cover page at the front. Add a Reference List at the end. HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1 Page 3 of 3 Marking Rubric Excellent 4 Good 3 Satisfactory 2 Unsatisfactory 1 - 0 Strategy Model 1 Max 4 marks The model is well- understood and comprehensively explained The model is understood and explained The model is somewhat understood and an attempt has been made to explain it The model appears to be mis- understood and the attempt to explain it is incorrect Strategy Model 2 Max 4 marks The model is well- understood and comprehensively explained The model is understood and explained The model is somewhat understood and an attempt has been made to explain it The model appears to be mis- understood and the attempt to explain it is incorrect Strategy Model 3 Max 4 marks The model is well- understood and comprehensively explained The model is understood and explained The model is somewhat understood and an attempt has been made to explain it The model appears to be mis- understood and the attempt to explain it is incorrect Introduction and Conclusion Max 4 marks Well-written – clear and concise Well-written An original attempt was made Unclear or missing Academic Referencing and Practical Examples Max 4 marks Referencing is correct and complete in all respects. Examples are current, relevant, well- applied. Referencing is mostly correct and complete. Examples are mostly current, relevant, applied Referencing is somewhat correct though possibly incomplete, with some errors in reference style. Examples are somewhat current, relevant, applied Referencing is not correct, somewhat incomplete. Examples are not current, or not relevant, or incorrectly applied Total 20 marks Comments Mark Awarded
Answered Same DayMay 01, 2021HI6006

Answer To: Assessment Details and Submission GuidelinesTrimester T1 2020 Unit Code HI6006 Unit Title...

Jose answered on May 01 2021
158 Votes
The University of Queensland
1
Management
Management
Faculty of Higher Education
Assignment Cover Sheet
    Unit Code
    
    Unit Name
    
    Your campus and class
    
    Your Lecturer
    
    Assignment Number
    
    Is this a Group or Individual assignment
    If Group, state your group number _________
    Due Date
    
Declaration
Complete this and attach as a front cover sheet to your Blackboard submission
We certify that:
1. This assignment is our own work. We have acknowledged and disclosed any assistance received in its preparation and cited all sources from which data. ideas, words (whether quoted directly or paraphrased) were taken.
2. This assignment was prepared specifically for this unit only.
    Student name/s
    Student number
[must be correct]
    Which section(s) did each person work on
    
    
    
    
    
    
    
    
    
    
    
    
3. The reference list is truthful and accurate and in Harvard referencing style.
This cover sheet must be attached to your assignment
INTRODUCTION
Business organizations are using different tools and matrix for understanding the internal and external factors affecting the business operations. As per the report of Business Insider (2016) due to the impact of globalization companies are facing different challenges. For understanding the internal and external challenges the companies have to use effective tools and strategies. In this research paper, we are analysing the main strategy development tools used by business organizations. We are mainly focused on three tools SWOT analysis, PESTLE analysis and Ansoff Matrix
1.0 PESTLE Analysis:
PESTLE Analysis is an external environmental analysis done by most of the companies to find various factors that determine the growth of the organisation. PESTLE analysis includes political, economic, social, technological, legal and environmental analysis of the company. These factors help in the decision-making process and help for introducing new products and services 
1. Political Factors:
                    As we all know the company exist in society, so the company should follow the government rules and regulations that are prevailing in the country. The government may change the norms based on the performance of the economy. For example, income tax rates, interest rates etc. Every year the changing government will prepare a budget based on the economic condition. Most of the companies will focus on the budget because the monetary policy and other schemes can have availed through this budget presentation. The political factor is an uncontrollable factor which we have to follow as per the government instruction. The company’s revenue generation has a greater impact on political analysis.
2. Economic Factors:
Economic Factors of the company will have directly impact the long term business strategy. The economic factors will determine the company’s net profit and net loss for a financial year. Demand and supply of the product, inflation and deflation rates, PLC (Product life cycle) and foreign direct investment etc are the most influencing economical factor which determines the short term and long term business strategy. The price of the...
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