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Here is a selection of questions that you need to consider. You may not need to write
about all of them but you do need to think about the relevance of many of them when
advising an organisation of a strategic management process.
Questions relating to your introduction and to the strategic analysis stage
These are some topical questions that you should be discussing in the first part(s) of
your assignment. In each case you need to give a brief outline explanation. You
should not just quote or paraphrase from textbooks. You should give some
examples (in relation to your chosen organisation) to illustrate the academic
perspective of a strategic management process and to show that you really
understand what you have written.
Your examples and illustrations must relate to your chosen organization.
2. What are the key differences between business strategy and corporate
strategy and what do these differences mean for strategy formulation?
3. What are the key differences between the two main approaches to formulating
business strategy: market positioning and resource-based strategy?
4. What are some of the strengths and weaknesses of Porters generic
strategies?
5. What are some of the implications for business strategy of the resource-based
approach?
6. In relation to corporate strategy, what are some of the main decisions that
need to be made?
7. In relation to your chosen organization what might be relevant growth
strategies?
8. What are the advantages and disadvantages of related and unrelated
diversification?
9. In relation to your chosen organization which if any of the following are
appropriate: internal growth, mergers, acquisitions, joint-ventures and/or
strategic alliances?
10. What is meant by portfolio analysis and how is it relevant? In relation to both
business strategy and corporate strategy what aspects of international
strategy are relevant to your organization?
11. What international strategies might be appropriate?
12. What market penetration strategies might be appropriate?
13. When deciding on the best strategy to adopt; what strategy evaluation
technique could you apply?
Some consideration should also be given to strategy choice. How might a
organization choose between competing strategies?
Questions relating to the strategy implementation stage
These are some of the questions that are relevant to the implementation stage of the
strategic management process (strategy implementation). You may not need to write
about all of them but you do need to think about all of them. The general points
above also apply to this stage.
1. How will the strategy be resourced? Having carried out a systematic
assessment of any or all resource inputs e.g. HR, financial, physical,
intellectual, are they sufficient (Are there enough?), are they adequate (Is
their condition, location or quality adequate for the purpose?), and are they
available. (Are the required resources available at the time and in the
quantities required?)?