Peter and his team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. Based on each category of alternative organizational strategies discussed in the course, select one (1) strategy from each of the categories which you and your team can pursue to ensure success applicable to the scenario presented. Explain clearly how the product/ service being offered would be actioned through each category. 1

Peter and his team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. Based on each category of alternative organizational strategies discussed in the course, select one (1) strategy from each of the categories which you and your team can pursue to ensure success applicable to the scenario presented. Explain clearly how the product/ service being offered would be actioned through each category. 1

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter7: Planning And Goal Setting

Section: Chapter Questions

Problem 3ED

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Peter and his team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. 1.Being a start-up company, identify the four (4) levels/types of organizational strategies, that should be focus on. Identify the various decision-makers across the various organizational levels. for example the first one is Integration strategy.
Peter and his team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. 1.Being a start-up company, identify the key levels of organizational strategies, that should be focus on. Identify the various decision-makers across the various organizational levels.
Referencing the scenario provided in Assessment 1, and following the guidance provided by the Strategic consultant, Peter and his team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. For this assessment, your group is to assume the role of Peter and his team. In doing so, you are expected to complete the following: Identify four (4) conditions for sustainable competitive advantage which align…
Referencing the scenario provided in Assessment 1, and following the guidance provided by the Strategic consultant, Peter and his team are now prepared to proceed with finalizing their business plan to launch their company. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Peter is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. For this assessment, your group is to assume the role of Peter and his team. In doing so, you are expected to complete the following 3. Based on each category of alternative organizational Strategies as discussed in…
A group of University students are considering opening a new business (food company) in the Tourism sector. The product or service is a novel idea in the Tourism Sector. Notably, the tourism sector is known to be competitive. As a result, it is important for organizations to be aware of their a lternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage. The group is also considering utilizing the strategy formulation framework to aid in developing the company and its novel products. The group is aware that there are certain habits that strategic leaders must encompass but are not sure what they are. The team is aware that they would face potential issues within strategic implementation and would like to understand how this can be remedied. The group is interested in the development of a Project Implementation Plan and have sort your expertise to develop one for the product or service in the tourism sector. N.B.…
A group of University students are considering opening a new business (food company) in the Tourism sector. The product or service is a novel idea in the Tourism Sector. Notably, the tourism sector is known to be competitive. As a result, it is important for organizations to be aware of their a lternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage. The group is also considering utilizing the strategy formulation framework to aid in developing the company and its novel products. The group is aware that there are certain habits that strategic leaders must encompass but are not sure what they are. The team is aware that they would face potential issues within strategic implementation and would like to understand how this can be remedied. The group is interested in the development of a Project Implementation Plan and have sort your expertise to develop one for the product or service in the tourism sector.…
organization must reflect the changing business needs. He started off with just an accountant and general administrative department. Due to the growth of the organization, there is now a need for a marketing and sales department, IT department, production department, risk department, operations department, human resource department, finance department, research and development department and health and safety department. John is considering implementing a functional structure. This way specialist departments are able to focus on their tasks and meet their objectives. John is also concerned about his value chain and would like further insight on this grey area in his business function. Since the business is doing well locally, John is considering expanding to parts of the United Kingdom, Canada and Asia. As such, he is considering the development of a global strategy. John understands that to shape the organization’s overall strategy there are various strategic drivers both internal and…
Discuss three (3) structures. Recommend with justification to Peter an appropriate structure from the structure types discussed for his business, clearly indicating two (2) benefits and two (2) limitations of the chosen structure. What will this structure look like? Show graphically (configure the departments etc., based on the nature of the business in the scenario). For each limitation discussed suggest one (1) way to mitigate each limitation stated. Information from the scenario must be included to support the discussion. Types of organizational structures: Functional, Multidivisional, Holding Company, Geographical, Horizantal, Matrix, Transnational, Team-based and Project-based.
One of the traits concerning core competencies and competitive capabilities that are important to organization building is: a. Core competencies rarely consist of narrow skills or the work efforts of a single department. More often, they are bundles of skills and know-how growing out of the combined efforts of cross-functional work groups and departments performing complementary activities at different locations in the firm’s value chain. b. Because core competencies typically reside in the combined efforts of different work groups and departments, individual supervisors and department heads cannot be expected to see building the overall corporation’s core competencies as their responsibility. Rather, the building and nurturing of core competencies is the responsibility of every employee. c. The key to leveraging a company’s core competencies into competitively valuable capabilities with potential for short-term competitive advantage is concentrating more…
Principles of organization form the backbone of any successful endeavor, providing structure and direction to achieve desired outcomes. These principles encompass a range of fundamental concepts, such as clear goal setting, resource allocation, and the establishment of a well-defined framework to guide tasks and activities. Whether it's in the realm of business, education, or personal projects, adhering to these principles can significantly enhance efficiency and effectiveness. How do you prioritize and balance these organizational principles to tailor them to the specific needs and objectives of your unique project or endeavor?
TASK 3: Read another excerpt from the book Co- Operative Management and Administration by Shemeera Kunhu. Performed the task “My Proposed Cooperative” by following the guidelines stated below. 1. Prepare a project paper about your proposed cooperative in your community. Stating the following: • The proposed name of your cooperative • The proposed logo or business logo • Statement of goal and objective • The nature, service/ product offers. • The reason why you chose that specific type of cooperative. • The benefit of the members, and their community as a whole • The organizational chart of your proposed cooperative.
A group of university students are considering opening a new business in the Tourism sector. The product or service is a novel idea in the Tourism Sector. Notably, the tourism sector is known to be competitive. As a result, it is important for organizations to be aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage. The group is also considering utilizing the strategy formulation framework to aid in developing the company and its novel products. The group is aware that there are certain habits that strategic leaders must encompass but are not sure what they are. The team is aware that they would face potential issues within strategic implementation and would like to understand how this can be remedied. The group is interested in the development of a Project Implementation Plan and have sort your expertise to develop one for the product or service in the tourism sector. N.B. An implementation…