Module 02: Introduction
Attached Files: Chapter 2 PowerPoint slides (1.257 MB)
I
Module 02: Introduction
Attached Files: Chapter 2 PowerPoint slides (1.257 MB)
In this module, we study the concept of strategy and introduce a basic framework for strategic analysis. Strategic analysis involves external analysis of the industry and competition, as well as internal analysis of company resources and capabilities. Strategy develops as a result of the information gathered, and since external and internal environments change over time, strategic planning is both dynamic and ongoing.
Learning OutcomesExplain the evolution of strategy and its role in organizational success.
Apply the basic framework for strategy analysis.
Differentiate between shareholders’ goals versus stakeholders’ goals.
Demonstrate the ability to link organizational goals to measures of value.
Assess a firm’s performance and diagnose the sources of good or bad performance.
Readings Required:Chapter 2 The Concept of Strategy & 2 Goals, Values, and Performance in Contemporary Strategy Analysis
Chapter PowerPoint slides in Contemporary Strategy Analysis
Richard P. Rumelt. (2022). Getting strategy wrong—and how to do it right instead. Retrieved from McKinsey Quarterly. https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/getting-strategy-wrong-and-how-to-do-it-right-instead
Kingdom of Saudi Arabia (2020, February). Vision 2030. Retrieved from https://www.vision2030.gov.sa/media/rc0b5oy1/saudi_vision203.pdf (seminal)
Recommended:Bernard Marr. (2022, August 16). 13 Easy Steps To Improve Your Critical Thinking Skills. Retrieved from Bernard Marr & Co. https://bernardmarr.com/13-easy-steps-to-improve-your-critical-thinking-skills/ (seminal)
Module 02: Critical Thinking Assignment
Strategy Planning (100 points)Review SV2030 and relate the strategic plan to the four common elements in successful strategy planning. For each element, analyze if the element meets the criteria. Clear, consistent long-term goals
Profound understanding of the competitive environment
Objective appraisal of resources
Effective Implementation
After analyzing SV2030 consider how to measure success. Which two of the six performance measures do you think are the most useful indicators of how the transformation is measured? Is the transformation successful?
Your well-written paper should meet the following requirements:Be 4 to 5 pages in length, which does not include the required title and reference pages, which are never a part of the content minimum requirements.
University academic writing standards and APA style guidelines.
Support your submission with course material concepts, principles, and theories from the textbook and at least two scholarly, peer-reviewed journal articles unless the assignment calls for more.
It is strongly encouraged that you submit all assignments into the Turnitin Originality Check before submitting it to your instructor for grading. If you are unsure how to submit an assignment into the Originality Check tool, review the Turnitin Originality Check—Student Guide for step-by-step instructions.
Review the grading rubric to see how you will be graded for this assignment.
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Attached Files: Chapter 2 PowerPoint slides (1.257 MB)
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