Responses must demonstrate your ability to synthesize information appropriate to each business situation, and presented in a clear, concise, and organized manner. Supporting evidence must be drawn from reliable sources in the literature and referenced using accurate APA Style.
Question #1-Strategic Thinking (Rubric Items: 1, 3 and 4)
Commercial and public (service, governmental, NGO, and non-profit) organizations often choose to build strategic plans to guide and direct their long-term efforts to flourish in their chosen core competencies and business purposes. To assure their persistence in their businesses, the leaders of these various organizations must engage in frequent analytics that measure their external threats and opportunities as well as their internal readiness. They may examine their strengths, weaknesses, strategic fit of their culture, market position, intensity of competition, power of the customers and suppliers, barriers of entry, value chain, brand purity, talent pool inside the organization, technologies, distribution channels, cash strength and various other matters of concern to each respective organization. Please describe three different strategic assessment techniques or processes (for example the SWOT analysis; but please do not use the SWOT here) that an organization could use to support their external and internal attributes as listed. Once you have contrasted and compared three analytic techniques, please choose one in application to an organization of your choice that is involved in the global environment. Describe the process that the organization could use to assess its strategic potential. What factors are assessed and what would result from that analysis? Remember to support the answers with solid peer-reviewed and relevant industry research.
GRADING RUBRIC:
1. Provides a comprehensive evaluation of key issues and trends caused by economic globalization. Analyzes the business and financial impacts and recommends feasible and strategic solutions that leverage the trends to meet sustained business success.
2. Analyzes and prioritizes needs of diverse stakeholders from a personal, social and corporate perspective. Evaluates business situations to recommend feasible, ethical, and legal actions.
3. Synthesizes and clearly expresses the complexities in a given business problem in a clear, concise, and logical manner. Reflection, application, and analysis of business concepts are presented in a succinct, systematic, and thorough manner well supported by sound evidence and current research
4. Comprehensive and extensive review of the literature from a variety of appropriate sources, extracting the important information and applying it in an in-depth response to the business problem. Comprehensively analyzes a business problem by gathering and assessing relevant information, diagnosing underlying causes, considering and evaluating possible alternatives, and determining and defending an appropriate, well-reasoned solution or course of action. Decisions show a high level of cultural sensitivity.