Page | 1 HC3141_Assignment_Guidelines_T1_2020 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION ASSESSMENT DETAILS AND SUBMISSION GUIDELINES Trimester T1 2020 Unit Code HC3141 Unit Title International...

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Page | 1 HC3141_Assignment_Guidelines_T1_2020 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION ASSESSMENT DETAILS AND SUBMISSION GUIDELINES Trimester T1 2020 Unit Code HC3141 Unit Title International Strategic Management Assessment Type Assessment 2: Group Assignment Group Size: 4 Persons Assessment Title Strategic Company Report Purpose of the assessment (with ULO Mapping) Students are required to demonstrate theoretical and practical knowledge of strategic management in an international context. Weight 40% of the total assessments: Total Marks 40 Marks: Word limit Not more than 2000 words. Due Date The written report is due by week 10 Saturday at 11.59 pm. Submission Guidelines • Please see section “How to Self-Enrol in Groups” on Blackboard for self- enrolment in Groups. • Holmes is aware of the issues that some students are facing in forming groups for the Group Assignment. If there are extenuating circumstances which prevent you from forming a group for the Group Assignment, then please contact your Unit Coordinator. • Please make sure that all group members need to be finalised 2 weeks prior to the assessment submission date. • 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, double spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. Page | 2 HC3141_Assignment_Guidelines_T1_2020 • 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. • A minimum of ten (10) references, at least five (5) from peer-reviewed journal relevant to the unit. ASSIGNMENT SPECIFICATIONS Purpose This assignment aims at demonstrating theoretical and practical knowledge towards identifying various strategies adopted by companies in a global environment. In groups of 4, students must: Step 1: identify a company (Australian Company only) in any industry of their choice. This could be the company you are currently working in or have worked in previously, or a company you are otherwise familiar with, either through personal experience or through a literature search. Following are the industries where you can choose a company: • Agriculture • Tourism • Pharmaceutical • Health • Organic food • Wine • Sports/Events • Information Technology • Communication Note: Students are not allowed to choose fast food or retail industries for this assignment. Step 2: Your task then is to examine the environment the company has been operating and its growth strategies drawing on relevant concepts and theories taught in this unit. Step 3: Based on your examination in step 3 above, make specific recommendations on alternative growth strategies for the company. Use the following structure for your assignment: 1. Introduction – Industry and your company 2. The micro and macro-environment in which this company is operating – briefly discuss main factors 3. Company’s competitive advantage over its rivals. 4. Is this company following any Generic Strategies of Porters (Cost leadership, Focus or Differentiation)? 5. Discuss the company’s growth strategies like diversification or Integration or if the company is using Ansoff matrix to grow in their market. 6. Strategic recommendations at the functional and business level 7. Harvard referencing style to be used for at least 10 references. Quality journal articles from ProQuest database are highly recommended in getting good marks. Page | 3 HC3141_Assignment_Guidelines_T1_2020 MARKING CRITERIA Marking criteria written report Weighting Group Report Introduction 4.00% Macro/micro-environment 5.00% Company’s competitive advantage 5.00% Company’s generic strategies 7.00% Growth strategies 7.00% Recommendations 7.00% Report format, presentation and referencing 5.00% TOTAL Weight 40.0 % MARKING RUBRIC COMPANY STRATEGIC REPORT Excellent (75% -100%) Very Good (50% - 75%) Good (25% - 50%) Satisfactory (up to 25%) Unsatisfactory (0) Introduction [4 Marks] Excellent background of company and the industry with all relevant information [3.25-4] Detailed background of company and industry [2.5-3.25] Backgroun d of company and industry lacks relevant information [1.75–2.5] Brief Introduction. Unclear discussion [1–1.75] Does not provide any background information Macro/Micro Environment [5 Marks] Detailed explanation of Macro/Micro environment with examples [4-5] Micro/macro environment explained [3-4] Lacking either micro or macro environment [2-3] Micro/Micro environment discussed theory but no relevance to company [1–2] Unclear, irrelevant discussion Page | 4 HC3141_Assignment_Guidelines_T1_2020 Company’s competitive advantage [5 Marks] Competitive advantage against the rivals explained well with examples [4-5] Competitive advantage against the rivals explained [3-4] Brief discussion of competitive advantage, lacking discussion about rivals [2-3] Competitive advantage discussed theory but no relevance to the chosen company [1–2] Unclear, irrelevant discussion Company’s generic strategies [7 Marks] Generic strategies for the chosen company explained well with examples [5.5-7] Generic strategies for the chosen company Explained [4-5.5] Generic strategies: inadequate discussion [2.5-4] Generic strategies discussed in theory, relevance to the chosen company missing [1-2.5] Unclear, irrelevant discussion Growth strategies [7 Marks] Clear discussion of growth strategies with relevant examples [5.5-7] Growth strategies discussed well [4-5.5] Few growth strategies discussed [2.5-4] Inadequate discussion of growth strategies [1-2.5] Growth strategies not discussed, not aligned with the chosen company Recommendation s [7 Marks] Appropriate recommendations , aligning the chosen strategies discussed well with examples [5.5-7] Good, realistic Recommend - ations explained well [4-5.5] Recommend- ations discussed adequately [2.5-4] Theoretical discussion of Recommend - ations, not aligned with the chosen company [1-2.5] Recommendati ons not aligned with chosen strategies Report format, presentation and referencing [5 Marks] All the elements of academic writing met with adequate references in Harvard style from peer reviewed journal relevant to the topic [4-5] Adequate references, Harvard style from peer reviewed journal relevant to the topic [3-4] Few references, Harvard style followed. Most academic writing elements followed. [2-3] Few elements of academic writing missing, inadequate references or mostly not peer reviewed [1–2] Several spelling mistakes, academic writing elements missing, Harvard referencing not followed
Answered Same DayMay 18, 2021HC3141

Answer To: Page | 1 HC3141_Assignment_Guidelines_T1_2020 HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION...

Swati answered on May 28 2021
145 Votes
Index
    S.No.
    Topic
    Page
    1.
    Introduction
a. Study objective
b. scope
c. Key points about Pfizer Australia Pty. Ltd.
d. Strategic Growth of Pfizer Australia
    4
4
4
4
6
    2
    Environmental Impact
a. Impact of Micro Environment
b. Impact of Macro Environment
    6
7
11
    3
    Competitive advantage
    14
    4
    Porter’s generic strategies
    15
    5
    Growth strategies
    18
    6
    Strategic recommendation
· Functional level
· Business level
    19
19
21
    7
    Reference
    23
1. intr
oduction
a. Study objective
Objective of this strategic company report is to apply the strategic concepts as well as to analyze Pfizer Australia Pty. Ltd.
b. Scope of report
Scope of this report covers information about strategic issues, capabilities, resource analysis giving competitive advantage to Pfizer Australia Pty. Ltd. It also covers the extent to which there is association of strategic issues with that of competitive strategy.
c. Key facts about Pfizer Australia Pty. Ltd.
Pfizer applies science and global services so as to provide therapies to people which help to extend and improve their lives in a significant manner. Pfizer strives to set various standards for safety, quality and value in development, discovery along with manufacturing health care products.
There is long healthcare and research innovation history of Pfizer in Australia and across the world.(Pfizer,2016)
Pfizer first commenced operations in Australia in 1956 with just 6 people who were a medical director, an accountant, two employees looking after sample storage handing and two secretaries. There were many diseases in 60s and 70s that had an impact on the life of Australians which are now manageable due to commitment and hard work of these 6 initial employees along with many colleagues who followed footsteps. Today, there are 1700 colleagues employed by Pfizer in various fields which includes medical, manufacturing, science, regulatory affairs, health economics, research and development, sales and marketing. The sole purpose of Pfizer works everyday is to ensure that Australians can access innovative and new medicines that are being used for treatment of most feared conditions.(Pfizer,2016)
d. Strategic Growth of Pfizer Australia    
2. Environmental impacts
The word industry defined by economic theories means “group of firms producing the same principal product or close substitutes for each other”. (Johnson, 2017)
Environmental impacts on pharmaceutical industry specially at Pfizer can be studied under two broad umbrellas which are as follows-
a. Micro environment
Internal analysis of Pfizer Australia pty. Ltd. is the micro environment. The values and behaviors of courage, excellence, joy and equity are clearly declared core beliefs of Pfizer along with cultural defining features that derive achievement. These reflect the enduring character of Pfizer and its people.
SWOT analysis-
SWOT analysis is used to do situational analysis along with presenting strengths, weakness, opportunities and threats faced by Pfizer in current business environment. It is a strategic tool as well as an interactive process that needs to coordinate between several departments like finance department, Human resource, supply chain, marketing, manufacturing, research and development etc. SWOT analysis includes impact of internal as well as external forces on the organization which are as follows-
    Strengths
· High skilled labor through training and development programs.
· Outstanding performance shown in new markets.
· Strong free cash flow.
· Reliable suppliers.
· Highly successful track of mergers and acquisitions.
· Strong distribution network.
· Customer satisfaction is quite high.
· Good returns on capital expenditure.
    Weaknesses
· Investment in R&D is below fastest growing market players.
· Forecasting study regarding product demand is poor.
· Not highly successful at integration with varying culture at work.
· Profitability ratio and net contribution percentage are below industry average.
· Marketing of products still have several options and opportunities.
· Lack of investment in new technologies compared to other organizations in same industry.
· Product range sold by company still has gaps.
    Opportunities
· Dynamic trends in customer behavior leading to opportunity to diversify products.
· Expansion as well as diversification in similarly associated field can be done using the core competencies of Pfizer.
· Economic uptick and increase in customer spending is opportunity to increase market share by increasing new customers.
· Development of own market can be done which will lead to diluting competitor’s advantage and will create a strong base along with dominating monopoly in market.
· Attracting more customers using online channel.
· Market’s low inflation rate is another opportunity to grow.
· There is an opportunity to open up to new market as per government agreement.
· Opportunity to experiment...
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