Strategic Management

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Table of Contents Step 1: Identify the Firm’s Existing Vision, Mission, Objectives, and Strategies 2 1.1 Dell’s Vision 2 1.2 Dell’s Mission 2 1.3 Dell’s Objectives 2 1.4 Dell’s Strategies 2 Step 2: Develop Vision and Mission Statements for the Organization 2 2.1 Dell’s Proposed Vision 2 2.2 Dell’s Proposed Mission 3 Step 3: Identify the Organization’s External Opportunities and Threats 3 3.1 Opportunities 3 3.2 Threats 5 Step 4: Construct a Competitive Profile Matrix (CPM) 7 Step 5: Construct an External Factor Evaluation (EFE) Matrix 8 Step 6: Identify the Organization’s Internal Strengths and Weaknesses 9 Step 7: Construct an Internal Factor Evaluation (IFE) Matrix 10 Step 8: Prepare a…show more content…
We must continue to grow responsibly- protecting our natural resources and practicing sustainability in all its form and improve the communities where we live and work through our financial and volunteer efforts. 2.2 Dell’s Proposed Mission In order to meet all our stakeholder needs, Dell aims at been the most successful organization in the world by offering the highest possible quality of products and services which will be competitively prices and produced and delivered by application of the latest technologies. Step 3: Identify the Organization’s External Opportunities and Threats Dell’s External Factors: 3.1 Opportunities 1. Expand services and enterprise solution divisions Dell plans to consolidate the Public and Large Enterprise business units into a single organization the change allows Dell to focus on providing IT services such as cloud, security and infrastructure, and solutions such as servers, networking and storage to its customers in addition to computer hardware. This integration is the most profitable Dell’s business at the moment. 2. Obtain more patents through acquisitions If Dell wants to diversify, it needs new technology patents and new ideas. Dell hasn’t properly established its R&D facilities to discover new technologies and patents, so the only feasible
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