EMBRY RIDDLE MGMT436 Complete Course

EMBRY RIDDLE MGMT436 Complete Course https://hwguiders.com/downloads/embry-riddle-mgmt436-complete-course/ EMBRY RIDDLE MGMT436 Complete Course DISCUSSIONS After reading about the Strategic Decision-Making Process in the chapter discuss which of the eight steps you feel is the most important of the process to achieve competitive success for a firm Please provide at least 200 words in your written discussion work You should also review the comments of other students on this topic and generate at least two quality replies Discuss an ethical situation in the past year involving a company Describe the ethical issue Do you agree with how the firm handled the ethical issue, and why? Please provide at least 200 words in your written discussion work You should also review the comments of other students on this topic and generate at least two quality replies Identify and discuss what you believe to be the most strategic external environment scanning factor that could have the biggest impact on your Strategic Audit firm in the next five years Explain what you think your Strategic Audit firm can do to work with this external factor to stay competitive Please provide at least 200 words in your written discussion work You should also review the comments of other students on this topic and generate at least two quality replies Discuss what you believe is the most strategic competency, resource or capability exhibited by your Strategic Audit firm Explain why you think it gives your firm a competitive advantage over its competitors Please provide at least 200 words in your written discussion work You should also review the comments of other students on this topic and generate at least two quality replies Identify a Propitious Niche that a specific firm has in business today Name the firm and its product or service that is the Propitious Niche Explain why that Propitious Niche exists Discuss if this Propitious Niche is being challenged by other competitors Please provide at least 200 words in your written discussion work You should also review the comments of other students on this topic and generate at least two quality replies Describe which of the international horizontal growth entry strategies works best for your Strategic Audit firm and explain why Please provide at least 200 words in your written discussion work You should also review the comments of other students on this topic and generate at least two quality replies Some authors feel that globalization has reached a deadlock, that due to uncertain economic conditions, worldwide, it has stalled in terms of growth Describe where you see globalization over the next five years, expanding, contracting, or staying the same Please provide at least 200 words in your written discussion work You should also review the comments of other students on this topic and generate at least two quality replies Discuss the importance of structure in relationship to strategy Explain which of these factors should come first, and why Please provide at least 200 words in your written discussion work You should also review the comments of other students on this topic and generate at least two quality replies Discuss how you would handle a retrenchment strategy for a firm Please provide at least 200 words in your written discussion work You should also review the comments of other students on this topic and generate at least two quality replies ASSIGNMENTS 13 Respond to the following: 1. Describe in detail what a learning organization is and why it is critical to the competitive success of most firms today 2. Give an analysis of Mintzberg’s Modes of Strategic Decision Making Which mode do you consider the most strategic and why? 3. What strategic value do external and internal environmental scanning activities provide to businesses? 4. What role does strategy formulation play in a firm’s strategic management process? What pitfalls may a firm face when working on strategy formulation? 15 Three assignments during the course will draw on different parts of the strategic audit This should make the entire process much easier The final strategic audit is due in Module 8 You will have the ability to create your own assignments for the other modules for this activity For this activity, analyze both the Mission and Vision Statements of the approved firm you will use in your Strategic Audit Report This analysis could consist of the following steps for both your Mission and Vision Statements: • Identify your firm’s Mission and Vision Statements • Describe if the current Mission and Vision Statements are effective and why • Recommend new Mission and Vision Statements, if need be, and support your work • Develop a Mission Statement and or a Vision Statement, if your firm does not have one Support the new statement 23 1. Discuss the differences between the “agency theory” and the “stewardship theory” Explain which of these theories applies to your strategic audit firm and why? 2. Explain the strategic roles Board of Directors have in conjunction with senior management and the running of an organization Which Degree of Involvement in Strategic Management describes the Board of Directors for your strategic audit firm, and why? 3. Discuss in detail the ramifications the Sarbanes-Oxley Act has had on business in the United States 4. Define the three basic approaches to ethical behavior Discuss your views on each of these ethical behaviors 5. Describe Friedman’s view on the responsibilities of business Do you agree or disagree with Friedman’s views and why? 6. Explain Carroll’s two responsibilities that pertain to social responsibilities Do you believe these responsibilities are growing in support from corporations, or not, and why? 25 Identify the Board of Directors serving your Strategic Audit firm Tell if the Board members are internal or external directors If external directors, mention what organizations they represent, and which country they are from Indicate when the directors were elected to the Board Relate what Board Committees they serve on 33 1. Complete a Porter’s Analysis to Industry Analysis on the Airline Industry using the six forces Indicate each force’s competitiveness intensity by signifying Low-Medium-High, or combination of two grades Support your evaluation on each force’s competitiveness position in the industry 2. Discuss five trends in the external environment scanning process that will affect most businesses 3. Create a Strategic Group map of industry (but not the airline industry) using two broad characteristics- price and product-line Use at least eight firms in this analysis 4. Create an Industry Matrix featuring your Strategic Audit firm and two competitors Use five Key Success Factors, one of which should be low cost Use the table found in Chapter Four for this assignment 35 Complete an External Factor Analysis Summary on your Strategic Audit firm 43 1. Discuss the positives and negatives of corporate culture in the competitiveness of a firm Relate how firms should deal with different corporate cultures in mergers and acquisitions 2. Explain how value chain analysis can be used to make a firm more competitive 3. Identify core competencies, resources, and capabilities found in your Strategic Audit firm Explain how they make your Strategic Audit firm more competitive 4. Discuss in detail how the VRIO Framework can be used to evaluate a business’ competencies Explain which of the VRIO factors would allow a firm to achieve a sustainable advantage over its competitors, and why? 45 Complete an Internal Factor Analysis Summary on your Strategic Audit firm 53 1. Discuss how collusion can have a negative affect as a business strategy Give an actual example of a collusion strategy used by a company 2. Describe how a firm develops a business strategy when in a hypercompetitive industry 3. Explain how a company can have a successful business strategy based on both the cost leadership and differentiation strategies 4. Evaluate the differences between cooperative and competitive strategies Given specific examples of each type in your analysis 5. 55 Select a Fortune Top 50 Company, then select a firm within that company • Discuss which of Porter’s Business Strategies this firm follows to stay competitive • Explain why you think it is the best business strategy to take, or should the Company change to another business strategy Please provide at least 300 words in this assignment 63 1. Describe the advantages and disadvantages of Portfolio Analysis, as it pertains to the BCG Growth-Share Matrix 2. Explain how Corporate Parenting can contribute to an effective corporate strategy Discuss how it can relate to a SWOT analysis 3. Describe the two types of diversification strategies Evaluate which of these two strategies you would recommend for your Strategic Audit firm to use moving forward and why 4. Discuss the roles each of the four vertical growth integration strategies play in corporate strategy 65 Complete a SFAS Matrix on your Strategic Audit firm using your EFAS (Textbook example on p 121) and IFAS (Textbook example on p 154) matrixes For more information on TOWS, go to MyManagementLab module 73 1. Describe what you believe to be the strategic differences between globalization, regionalization and localization 2. Discuss two reactive responses and two proactive reasons why firms wish to become involved with globalization 3. Describe an entry strategy used by your Strategic Audit firm to enter global markets 4. Describe the benefits and pitfalls of making a strategic alliance with another global firm 5. Identify and analyze an actual global joint venture that has occurred over the past few years 6. Discuss the difference between equity and non-equity strategic alliances 75 Identify a global strategic alliance or a joint venture by a firm that is not your Strategic Audit firm, nor being studied by another student in your class • Explain the rationale for the strategic alliance or joint venture • Discuss how the strategic alliance or joint venture worked out Please provide a minimum of at least two full pages of analysis, not counting your title and reference pages 83 1. Explain Corporate Scenarios and then describe how they can have an effect on the formulation and implementation of a firm’s strategy 2. Describe the expanding roles outsourcing plays on creating an effective strategy Discuss any outsourcing performed by your Strategic Audit firm 3. Select a functional strategy and then discuss how this functional strategy can enhance a firm’s bottom line 4. Discuss how Programs, Budgets, and Procedures can be used to create a successful strategy 5. Analyze the various Stages of Corporate Development Describe which Organizational Life Cycle Stage your Strategic Audit firm is currently in 6. Describe the importance of synergy to an effective strategy 85 Describe an offensive tactic and a defensive tactic that either your Strategic Audit firm has used or should use to gain a competitive edge Explain if these tactics were successful, if used by the firm in the past Please provide a minimum of at least two full pages of analysis 86 MGMT 436 Capstone STRATEGIC AUDIT REPORT- Guidelines I – EXECUTIVE SUMMARY (1 Page) This section should be a review of the Strategic Audit’s findings It is not to be a history of the firm, or what the firm does The Executive Summary is meant to sell your Strategic report to your reader II– HISTORY OF THE STRATEGIC AUDIT FIRM (1 Page) Give a brief history on your Strategic Audit firm IIIMISSION AND VISON STATEMENTS ANLYSES (2 Pages) Identify your firm’s Mission and Vison Statements Analyze them Recommend a revised Mission Statement and or Vision Statement, if needed Support your decision If a Mission Statement and or a Vison Statement does not currently exist, create one or both Give your rationale IV CORPORATE GOVERNANCE (2 Pages) Board of Directors- o Mention who is on the BOD; what organizations do they represent; when they were elected to the BOD; and what BOD Committees they are on Senior Management- o List the present senior management team VEXTERNAL ENVIRONMENT: OPPORTUNITIES AND THREATS (1 Page) EFAS Analysis- Create an EFAS Matrix No additional analysis is needed VI INTERNAL ENVIRONMENT: STRENGTHS AND WEAKNESSES (1 Page) IFAS Analysis – Create an IFAS Matrix No additional analysis is needed VII – ANALYSIS OF STRATEGIC FACTORS- SWOT Matrix (1 Page) SFAS Analysis- Create a SFAS Matrix No additional analysis is needed VIII STRATEGIC ALTERNATIVES AND RECOMMENDED STRATEGY- TOWS Matrix (1 Page) TOWS Analysis – Create TOWS Matrix with four strategies IX IMPLEMENTATION OF RECOMMENDED STRATEGY (1 Page) 06/2015 Page 1 of 2 MGMT 436 Capstone From your TOWS Analysis and Matrix recommend the one strategy that you feel best meets the future needs of your firm Support your decision XREFERENCES (1 Page) At least seven quality references 06/2015 Page 2 of 2 93 1. Discuss what leadership or staffing skills a Board of Directors should be looking for when hiring a senior management person to implement a major strategic plan 2. Describe the benefits MBO and TQM can bring to a new strategic plan 3. Evaluate the part corporate culture can play when contemplating implementing a new strategy in a firm Describe briefly the corporate culture in your Strategic Audit firm 4. Discuss the three types of controls that firms can use to evaluate a strategy Explain examples of each of these controls 5. Describe various measurements of corporate performance 6. Describe a specific strategic incentive management method you would use for your Strategic Audit firm 95 Create a Balanced Scorecard for your Strategic Audit firm Describe the four factors you will use and give a percentage for each of these factors Support the percentages you applied for each factor Please provide a minimum of at least two full pages of analysis, not counting your title and reference pages.