Dissertation Writers: Identify Strategy Types and Competitive Advantage and Business Unit and Corporate Strategies
Identify Strategy Types and Competitive Advantage
Now that you have reviewed your organization’s strategy and objectives, it is time to critically analyze the type or types of strategies your organization may be using, and include that analysis in your audit.
Business Unit and Corporate Strategies
Even if your organization is successfully implementing its strategic and financial objectives, its activities may not be contributing to competitive advantage.
Try to identify what your organization’s sources of competitive advantage are (if any) and present a preliminary assessment of the relative value of these advantages. You will have an opportunity to examine competitive advantage in greater depth later in your MBA program.
Also, see if you can identify your organization’s core competencies and reach any supportable conclusions about whether they are used to achieve competitive advantage, and how.
After your review of strategy types and competitive advantage, continue to Step 6, which examines organizational size and structure.
Step 6: Determine Organizational Size and Structure
Like strategy types and competitive advantage, organizational size and structure also have implications for accomplishing the organization’s mission, vision, goals, and objectives (MVGOs).
Review your organization’s size and determine how much it has changed over the last five years. Include in your audit an analysis of how your organization’s size impacts its ability to accomplish its strategic objectives.
Organizational structure refers to the pathways that define who reports to whom. It is most easily discovered by studying an organizational chart. If your organization does not have a chart, or if the chart doesn’t reflect reality, read Organizational Structure for help constructing an organizational chart. Having a chart for your organization will be helpful in determining which of the numerous structural types best apply.
Include in your report an analysis of whether the current structure aligns with and impacts the organization’s MVGOs and, if not, the likely consequences.
When you have completed Steps 4, 5, and 6, submit your organizational strategy and analysis for review and feedback in the dropbox located in the last step of this project. Then proceed to Step 7.
Step 7: Analyze Critical Resources
Now that you’ve examined your organization’s big picture—MVGOs, size, and structure—you’re going to analyze the critical resources of your organization for inclusion in your report.
As you analyze your organization’s critical resources, follow the guidelines below:
· Consider whether your organization has the critical resources needed to accomplish its MVGOs, whether these are being used effectively, and whether they are being leveraged for competitive advantage.
· Read about resource-based theory and resource dependency theory to learn more about how and why certain resources may serve as a source of strength for an organization.
· Consider whether your organization has valuable, rare, inimitable, and nonsubstitutable (VRIN) resources (characteristics of resources) that it can use toward a competitive advantage, and whether these are sufficient given the market or markets in which your organization is operating.
Types of Critical Resources
For each of the items below, prepare an easy-to-understand, high-level description of the organization’s situation that will be helpful for people new to the organization. Depending upon your personal and professional interests and priorities and the characteristics of your organization, you may opt to limit the scope of your overview and analysis of these resources. Be sure to consult with your faculty if you have questions about how to handle this part of the project.
· human resources
· financial resources
· technology resources
· buildings and equipment (physical resources)
· other types of resources you consider important (e.g., information)
The amount and detail of the information you are able to provide about each of these critical resources may vary depending on your organization and how important you determine the information to be for new employees and board members, the main audience for your report. Each of the five sections above should be limited to a two- or three-page summary. Be sure to speak with your professor if you have any questions.
Briefly describe all resources, analyze their alignment with and support for MVGOs, and identify issues that may merit further attention.
When Step 7 is complete, submit your critical resources for review and feedback in the dropbox located in the last step of this project. Then proceed to Step 8.
Step 8: Examine Leadership, Governance, and Management
Now it’s time to shift your focus to the organization’s leadership. Management styles, leadership styles, and governance structures can have an immense impact on the daily experience of employees at all levels. Leadership can also positively or negatively affect the execution of all the elements you’ve studied thus far: strategy, resource allocation, competitive advantage, etc.
Read the resources below and prepare a summary and analysis of how each principle applies to your organization. (If you believe one of these topics is not relevant for your organization, you may be able to skip it. Before making this decision, consult with your professor):
· management and leadership styles and effectiveness
· management control systems
· organizational leadership
When your analyses are complete, prepare your findings for inclusion in your final report. Next, proceed to Step 9, where you will review the elements of a SWOT analysis.