you must read the case very carefully. I. C urrent Strategies and their Implementation (about 1 page) In this section, analyze and evaluate the current business (chapters 5 and 6), corporate...

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you must read the case very carefully.



I.
C
urrent



Strategies and their Implementation(about 1 page)



In this section, analyze and evaluate the current business (chapters 5 and 6), corporate (chapters 9 and 10), global (chapter 8), and major functional strategies (chapters 4, 6 and 7), as well as important issues related to implementation: organizational structure, control systems, and culture (see chapters 12 and 13 in the textbook).3 You may have noticed, business strategy is key to competitive advantage, therefore the most focus in the course and in this paper is on business


strategy. Keep the future orientation in your mind as you analyze them so your analysis and synthesis relevant for the next sections of this paper. These strategies represent status-quo in the




2 You are welcome to consult the chapters in the textbook in advance but the instructor’s expectation will be that you will consider the chapters that have been covered up to the point of the case assignment, the midterm, or the final exam.



company. This section will clarify the current practice of strategic management in the company so it is easier for the reader to understand how strategies will be changed when you present the strategic alternatives in section VI. Be sure to complete Exhibit B
beforewriting this section and provide a succinct write up of the same in the text. Needless to say, both Exhibit B and this section should be consistent with each other.



EXHIBIT B



CURRENT STRATEGIES AND THEIR IMPLEMENTATION


(Use bullet points rather than complete sentences;


Fill in the answers using wordprocessor in the space provided)




Name(s) of the Business Strategy(ies)




Customer Needs


(If fulfilling multiple needs, be sure to specify which needs in what markets; see chapters 3, 5 & 6)




Customer Groups


(may involve geographic, demographic or other market segmentation parameters; chapters 3, 5 & 6)




Basis for Competition(Be sure to be specific in non-generic terms. For example, for Low Cost, is it superior efficiency due to low cost production or something else? For Differentiation, is it based on superior quality, innovation, and/or customer responsiveness; for Focus, what parameters, e.g., is it customer segment, product segment, market segment, etc.; chapters 3, 5 & 6)




Corporate Strategies(Single business, vertical integration, horizontal integration, related diversification, unrelated diversification, strategic alliances, outsourcing, etc. chapters 9 & 10).




P
lacement in the Value System(e.g., retailer, wholesaler/distributor, manufacturer, importer, or combination thereof; for details, you may see chapters 9 & 10)




Global Strategies


(you may see chapter 8 for details)



M
ajor Functional Strategies(chapters 4, 6 & 7)










Implementation: Structure, Control Systems,
and Culture(you may see chapters 12 & 13 for details).







Answered Same DayDec 22, 2021

Answer To: you must read the case very carefully. I. C urrent Strategies and their Implementation (about 1...

Robert answered on Dec 22 2021
117 Votes
CURRENT STRATEGIES AND THEIR IMPLEMENTATION 1
Running Head: CURRENT STRATEGIES AND THEIR IMPLEMENTATION
Current Strategies and Their Implementation
CURRENT STRATEGIES AND THEIR IMPLEMENTATION 2
Current Strategies and their Implem
entation
According to the given case study, Phillips has executed different business level,
cooperate level and global level strategies to operate successfully in the market. Company
operates in a conglomerate industry through different area such as health care, lighting and
consumer life style. Company uses product differentiation and product focus business level
strategies to fulfill the requirements of different targets markets (Hill & Jones, 2009). Phillips has
different culture groups and market segment in health care, lightning and consumer life style
sector.
Further, the corporate level strategies executed by the company are long-term growth and
stability and retrenchment. Company has followed horizontal diversification in different fields
like consumer life style, electronic machines and lighting etc. In order to capture the market and
target large customer, company always focuses on merger and acquisitions (Ireland, Hoskisson
& Hitt, 2011). The corporate strategy also comprises unrelated diversification to achieve growth
in international market.
Additionally, multi domestic strategy is also used by the company to operate at global
level. According to this strategy, company has decentralized control over its activities as local
department handle the local issue and accomplishes the market research to give satisfaction and
fulfill the demands of local customers (Wilson & Gilligan, 2005). Besides, transitional strategy is
also used by Phillips to coordinate wand cooperate with different operational divisions.
Apart from this, the functional strategies used by Phillips are based on the management
of organizational resources and follow flexibility to utilize the optimum benefits of available
resources. In addition, company has focus to develop the business model as multinational so that
it can ensure a sustainable growth and achieve competitive advantage (Hill & Jones, 2009).
CURRENT STRATEGIES AND THEIR IMPLEMENTATION 3
In order to implement the strategies, company uses a divisional organizational structure...
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