Tech Products Inc. is one of the world's leading technology companies known for its innovative  products, including the TechPhone, TechPad, Tech computers, and software services. At present,  Tech Products Inc. is now facing significant challenges in an evolving industry landscape due to  increasing competition and the introduction of similar products on both the local, regional and  global markets. The company is aware that internal and external drivers play a crucial role in  shaping the strategic direction and overall performance of an organization, and that to remain  relevant they must be able to understand and respond to these drivers in an effective manner. To  assist them in formulating a comprehensive strategy that can help the company navigate the  complex business environment it faces, Tech Products Inc. has hired you as a Strategic  Management Consultant. Further to an initial meeting with Management, it was ascertained that Tech Products Inc. has not been keeping abreast with the changes in the external operational environment and did not analyze  this against their current environment. Whilst they are aware that there are internal and external  tools which can assist, they have no idea how to use them to their benefit. They are aware however  that the current business strategy needs to urgently be reviewed to one which focuses more on  design, user experience, and premium pricing to help set them apart from the competition. There  is also a need to review the current global strategy to ensure that the company is reaping the best possible benefits, allowing the organization to capitalize on opportunities, manage risks  effectively, and create a robust foundation for long-term success. Their current organizational structure is one which organizes its workforce by function, such as design, engineering, marketing,  and retail, which to date has worked well, but they are now unsure if it is serving their needs. The  company has been approached by various companies in the past who wished to create strategic  alliances, but due to its top-ranking position in the market did not feel it was necessary at the time.  Management is currently rethinking this position and requires some guidance as they aim to  enhance their organisation and expand their market reach. 1. Clearly identify and discuss one (1) internal and one (1) external driver, as discussed in the  course, which Tech Products Inc. needs to consider as part of their strategic planning  exercise relative to the case presented. Information from the scenario must be included to  support the discussion. (Select from the following internal drivers: profits and revenue mission, vision, political environment,ethics and corporate social responsibility, corporate culture) (Select from the following external drivers: Innovation/change, market shifts and creation, taxes and regulation, customer needs, technological advancements, globalisation,competitors) 2. Clearly identify and justify one (1) type of alliance as discussed in the course, from the  scenario, that Tech Products Inc. can form to enhance its organization and expand its  market reach. Recommend an example of a company locally or regionally that the  company can partner with, justifying your selection. The name of the organization must  be clearly stated. (Select from the following types of alliances: non-competitive alliance, competitive alliance, precompetitive alliance, procompetitive alliance)

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
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Tech Products Inc. is one of the world's leading technology companies known for its innovative 
products, including the TechPhone, TechPad, Tech computers, and software services. At present, 
Tech Products Inc. is now facing significant challenges in an evolving industry landscape due to 
increasing competition and the introduction of similar products on both the local, regional and 
global markets. The company is aware that internal and external drivers play a crucial role in 
shaping the strategic direction and overall performance of an organization, and that to remain 
relevant they must be able to understand and respond to these drivers in an effective manner. To 
assist them in formulating a comprehensive strategy that can help the company navigate the 
complex business environment it faces, Tech Products Inc. has hired you as a Strategic 
Management Consultant.
Further to an initial meeting with Management, it was ascertained that Tech Products Inc. has not
been keeping abreast with the changes in the external operational environment and did not analyze 
this against their current environment. Whilst they are aware that there are internal and external 
tools which can assist, they have no idea how to use them to their benefit. They are aware however 
that the current business strategy needs to urgently be reviewed to one which focuses more on 
design, user experience, and premium pricing to help set them apart from the competition. There 
is also a need to review the current global strategy to ensure that the company is reaping the best
possible benefits, allowing the organization to capitalize on opportunities, manage risks 
effectively, and create a robust foundation for long-term success. Their current organizational
structure is one which organizes its workforce by function, such as design, engineering, marketing, 
and retail, which to date has worked well, but they are now unsure if it is serving their needs. The 
company has been approached by various companies in the past who wished to create strategic 
alliances, but due to its top-ranking position in the market did not feel it was necessary at the time. 
Management is currently rethinking this position and requires some guidance as they aim to 
enhance their organisation and expand their market reach.

1. Clearly identify and discuss one (1) internal and one (1) external driver, as discussed in the 
course, which Tech Products Inc. needs to consider as part of their strategic planning 
exercise relative to the case presented. Information from the scenario must be included to 
support the discussion. (Select from the following internal drivers: profits and revenue mission, vision, political environment,ethics and corporate social responsibility, corporate culture) (Select from the following external drivers: Innovation/change, market shifts and creation, taxes and regulation, customer needs, technological advancements, globalisation,competitors)

2. Clearly identify and justify one (1) type of alliance as discussed in the course, from the 
scenario, that Tech Products Inc. can form to enhance its organization and expand its 
market reach. Recommend an example of a company locally or regionally that the 
company can partner with, justifying your selection. The name of the organization must 
be clearly stated. (Select from the following types of alliances: non-competitive alliance, competitive alliance, precompetitive alliance, procompetitive alliance)

 

 

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