HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1 Assessment Details and Submission Guidelines Trimester T1 2019 Unit Code HI6006 Unit Title Competitive Strategy...

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HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1 Assessment Details and Submission Guidelines Trimester T1 2019 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 four 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 1200 words Due Date Week 5 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, no 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. Page 2 of 3 HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1 Assignment 1 Specifications Purpose: 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 4 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 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 4 pages for 4 models. Add a cover page at the front. Add a Reference List at the end. Page 3 of 3 HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1 Marking Rubric Excellent 4 Very Good 3.5 Good 3 Satisfactory 2 Unsatisfactory 1 or 0 Strategy Model 1 4 marks The model is well-understood and comprehensively explained The model is understood and well- 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 4 marks The model is well-understood and comprehensively explained The model is understood and well- 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 4 marks The model is well-understood and comprehensively explained The model is understood and well- 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 4 4 marks The model is well-understood and comprehensively explained The model is understood and well- 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 Academic Referencing and Practical Examples 4 marks Referencing is correct and complete in all respects. Examples are current, relevant, well-applied. Referencing is correct and complete. Examples are current, relevant, applied Referencing is mostly correct and complete. Examples are mostly current, relevant, applied Referencing is somewhat correct though possibly incomplete. 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 DayApr 17, 2021HI6006

Answer To: HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1 Assessment...

Shakeel answered on Apr 24 2021
153 Votes
SWOT Analysis
It is one of the most useful and effective framework to know the actual competitive position of an organization. Its full form is Strength, Weakness, Opportunities and Threat Analysis. SWOT analysis can be used at any stage of development and effort.
It might be used to explore possibilities for new solution of any problem, finding of the best path of any initiative, change the course of business if any deviation is felt or adjust and refine the mid course of business plan to achieve its long term objective.
Strategic management is key of any successful business. It’s a continuous process of creating, implementing and evaluating the decision making process to achieve it long term objective. According to Emet and Merba (2017), SWOT analysis helps the business to choose its appropriate strategy of achieving long term goal.
The following table shows the SWOT Analysis in 2*2 matrix –
Source: https://canvanizer.com/new/swot-canvas
Thus, SWOT Analysis helps a business to know its strength to stiffly face its competitors, weakness to overcome any adverse situation in future, opportunity to make higher sales and profit and threat to prepare itself against any tough move by competitors.
The following table shows the SWOT analysis of Nike Inc –
    Strengths
· Global recognition
· High reputation due to high quality products
· Lean Organization
· Focus on research and development of new products
· Belong to Fortune 500 companies
· 30,000 employees worldwide
· Innovative marketing strategy
    Weaknesses
· Products are less diversified
· Poor working condition and was also charged with exploiting cheap workforces oversees.
· Also have been charged with child labor
· Difficulties in competing with cheap local market with similar products
    Opportunities
· To be a fashion brand
· To produce other high valued products like sunglasses, sportswear, jewelry etc.
· New market in Asia like India or China
    Threats
· Due to global brand, exchange rate risk arises
· Very competitive market for sport shoes
· Consumer price sensitivity
· Struggling with eco-friendly reputation
PESTLE Analysis
PESTLE is another strategic business tool that provides a framework to understand the influence on the business or any project. “PESTLE is a strategic planning tool used to evaluate the impact of political, economic, social, technological, environmental and legal factors might have on a project. It involves an organization considering the external environment before starting a project (Rastogi N & Trivedi M, 2016)”. Thus, PESTLE analysis captures all major external factors that may impact the normal course of business....
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