Strategic Management Department: Leadership and Management Module Code: MOD001115 Level: 7 Academic Year: 2015/6 Semester/Trimester/Session: Trimester3 www.anglia.ac.uk Module Guide Contents Contents 1. Key information, Introduction to the Module and Learning Outcomes ........................................................ 2 1.1 Key Information ................................................................................................................................... 2 1.2 Introduction to the Module................................................................................................................. 2 1.3 Learning Outcomes.............................................................................................................................. 2 2. Employability Skills in this Module ................................................................................................................. 3 3. Outline Delivery and Reading Lists @ Anglia ................................................................................................. 3 3.1 Outline Delivery ................................................................................................................................... 3 3.2 Reading List and Learning Resources .................................................................................................. 8 4. Assessment on this Module ........................................................................................................................... 9 Feedback ........................................................................................................................................................ 9 How to View Your Feedback in Turnitin Grademark .................................................................................... 10 4.1 Assessment Information and Marking Criteria ................................................................................. 11 4.1.1 Element 010 – ENDTERM COURSEWORK: 3,000 WORDS (100%) ............................................. 11 Marking Criteria for Element 010 – END-TERM COURSEWORK: 3,000 WORDS ................................ 14 4.2 Re-assessment Information............................................................................................................... 16 4.2.1 Re-assessment for Element 010 – MID-TERM COURSEWORK: 3,000 WORDS (100%) ............. 16 5. Report on Last Delivery of Module .............................................................................................................. 18 6. STRATEGIC PLAN OUTLINE ........................................................................................................................... 19 Links to Other Key Information ......................................................................................................................... 21 Page 1 Module Guide 1. Key information, Introduction to the Module and Learning Outcomes 1.1 Key Information Module title: Strategic Management MOD001115 Module Leader David Flude Campus / Building / Room: Chelmsford Campus Extension: 6835 Email: david.flude@anglia.ac.uk Module Tutors: External Examiners DAP: Leadership and Management Every module has a Module Definition Form (MDF) which is the officially validated record of the module. You can access the MDF for this module in three ways via: the Virtual Learning Environment (VLE) the My.Anglia Module Catalogue at www.anglia.ac.uk/modulecatalogue Anglia Ruskin’s module search engine facility at www.anglia.ac.uk/modules All modules delivered by Anglia Ruskin University at its main campuses in the UK and at Associate Colleges throughout the UK and overseas are governed by the Academic Regulations. You can view these at www.anglia.ac.uk/academicregs. An extract of the Academic Regulations, known as the Assessment Regulations, is available at this website too (all new students will have received a printed copy as part of their welcome pack). In the unlikely event of any discrepancy between the Academic Regulations and any other publication, including this module guide, the Academic Regulations, as the definitive document, take precedence over all other publications and will be applied in all cases. 1.2 Introduction to the Module The module explores the rich field of strategic management and how strategic analysis and formulation contribute to an organisation’s performance. The module is integrative in nature and provides practically relevant ideas and frameworks that facilitate strategy design and implementation. As such, the module deals with the craft of strategy; that is, how to identify and choose a superior competitive position, how to analyse strategic situation and how to create the organisational context to make the chosen strategy work. The module is consciously designed to be practical and problem-oriented. In particular, the emphasis is on application of concepts and exploration of conceptual frameworks which assist the student analyse and gain insight to competitive situation and strategic dilemmas faced by an organisation. One of the main focuses for the design of this module has been the further development of relevant employability and professional skills. Such skills are implicit in the learning outcomes. The module will be assessed by mid- and end-term assignments. Multiculturalism has been considered during the design of this module and will be considered when the assessment brief is written. 1.3 Learning Outcomes This module, like all modules at Anglia Ruskin, is taught on the basis of achieving intended learning outcomes. On successful completion of the module, the student will be expected to be able to demonstrate the following: Page 2 Module Guide Knowledge and understanding LO 1. Understand the nature of strategic management and its competitive and institutional context; LO 2. Appreciate the strength and limitation of strategic analysis and how it fits into the overall strategy process; Intellectual, practical, affective LO 3. Design a viable strategy for an organisation, which takes and transferable skills account of the reality of strategic decision making and make appropriate recommendation; LO 4. Identify and critically utilise relevant tools for strategic analysis. The assessment is based on meeting these learning outcomes, shown explicitly in section 4, where the assessment task is linked to these learning outcomes. 2. Employability Skills in this Module It is important that we help you develop employability skills throughout your course which will assist you in securing employment and supporting you in your future career. During your course you will acquire a wide range of key skills. In this module, you will develop those identified below: Skill Communication (oral) Communication (written) Commercial Awareness Cultural sensitivity Customer focus Data Handling Decision making Enterprising Flexibility Initiative Interpersonal Skills Leadership/Management of others Networking Organisational adaptability Project Management Problem Solving and analytical skills Responsibility Team working Time Management Other Skills acquired in this module X X X X X X X X X X X X X X 3. Outline Delivery and Reading Lists @ Anglia 3.1 Outline Delivery The table below indicates how the module will be delivered. However, this schedule is indicative and may be subject to change. Page 3 Module Guide Week 1 Topic Introduction to the module and what is strategy Class activities Lecture: Introductions and what is strategy Tutorial: Robin Hood case (Lampel, 1991) 2 Strategic purpose Lecture: Defining purpose through strategy statements Tutorial: Mozilla’s strategy statements and career BHAGS Student-managed learning After class: Textbook chapter 1 (Johnson et al., 2014). Porter, M. E., 1996. What is strategy? Harvard Business Review, 74(6), pp. 61-78. Supplemental: Mintzberg, H. and Waters, J. A., 1985. Of strategies: deliberate and emergent. Strategic Management Journal, 6(3), pp. 257-272. Before class: Textbook chapter 4 (Johnson et al., 2014) until p.111, including Illustration 4.1. Collins, J. C. and Porras, J. I., 1996. Building your company’s vision. Harvard Business Review, 74(5), pp. 65-77. After class: Collis, D. J. and Rukstad, M. G., 2008. Can you say what your strategy is? Harvard Business Review, 86(4), pp. 63-73. 3 Strategic analysis (external environment) Lecture: The macro-environment and scenario analysis (1) Tutorial: Scenarios for the circus industry (based on case study) Supplemental: Chapter 11 of Collins, J. C. and Porras, J. I. 2005. Built to last: Successful habits of visionary companies. London: Random House. Before class: Textbook chapter 2 (Johnson et al., 2014), until p. 40, including Illustration 2.2. Cirque du Soleil case (Grant and Jordan 2012). After class: Schoemaker, P. J. H. and Day, G. S., 2009. How to make sense of weak signals. MIT Sloan Management Review, 50(3), pp. 80-89. Schoemaker, P. J. H., 1995. Scenario Page 4 Module Guide planning: A tool for strategic thinking. Sloan Management Review, 36(2), pp. 25-40. Supplemental: Ofek, E. and Wathieu, L., 2010. Are you ignoring trends? That could shake up your business. Harvard Business Review, 88(7-8), pp. 124131. Watkins, M. D. and Bazerman, M. H., 2003. Predictable surprises: The disasters you should have seen coming. Harvard Business Review, 81(3), pp. 72-80. 4 5 Strategic analysis (external environment) Strategic analysis (external environment) Lecture: The macro-environment and scenario analysis (2) Tutorial: Scenarios for the circus industry (based on case study) Lecture: Industry analysis Tutorial: Five forces analysis part 1 (based on case study) See above Before class: Textbook chapter 2 (Johnson et al., 2014), p. 41 onwards. Columbia Forest Products case (Marshall et al., 2010). After class: Porter, M. E., 2008. The five competitive forces that shape strategy. Harvard Business Review, 86(1), pp. 78-93. Kim, W. C. and Mauborgne, R., 2004. Blue ocean strategy. Harvard Business Review, 82(10), pp. 75-84. 6 Strategic analysis (internal environment) Lecture: Critical success factors; resources and capabilities Page 5 Supplemental: Narayanan, V. K. and Fahey, L., 2005. The relevance of the institutional underpinnings of Porter’s five forces framework to emerging economies: An epistemological analysis. Journal of Management Studies, 42(1), pp. 207-223. Before class: Textbook chapter 3 (Johnson et al., 2014). Module Guide Tutorial: Five forces analysis part 2 (based on case study) Columbia Forest Products case (Marshall et al., 2010). After class: Barney, J. B., 1991. Firm resources and sustained competitive advantage. Journal of Management, 17(1), pp. 99-120. Prahalad, C. and Hamel, G., 1990. The core competence of the corporation. Harvard Business Review, May/June, pp. 71-91. Supplemental: Kim, L., 1998. Crisis construction and organizational learning: Capability building in catching-up at Hyunday Motor. Organization Science, 9(4), pp. 506-521. Teece, D. J., Pisano, G. and Shuen, A., 1997. Dynamic capabilities and strategic management. Strategic Management Journal, 18(7), pp. 509-533. Shepherd, A., 1998. Understanding and using value chain analysis. In: V. Ambrosini, G. Johnson, and K. Scholes. Exploring techniques of analysis and evaluation in strategic management. Englewood Cliffs, NJ: Prentice Hall. Ch. 2. 7 8 Strategic analysis (internal environment) Strategy formulation Lecture: Resources and capabilities analysis; VRIO criteria Tutorial: VRIO analysis (based on case study) Lecture: Business strategies Tutorial: Generic competitive strategies at Ikea (based on case study) See above Before class: Textbook chapter 6 (Johnson et al., 2014). The Ikea approach case (Scholes, 2013), pp. 220-223 of textbook. After class: Heracleous, L., & Wirtz, J. 2010. Page 6 Module Guide Singapore airlines’ balancing act. Harvard Business Review, 88(7/8), pp. 145-149. Kumar, N. 2006. Strategies to fight low-cost rivals. Harvard Business Review, 84(12), pp. 104-12. Parnell, J. A. 2006. Generic strategies after two decades: A reconceptualization of competitive strategy. Management Decision, 44(8), pp. 1139-1154. Sharp, B., & Dawes, J. 2001. What is differentiation and how does it work? Journal of Marketing Management, 17(7-8), pp. 739-759. 9 Strategy formulation Lecture: Corporate strategy Tutorial: Corporate strategy formulation at Virgin (based on case study) Supplemental: Goold, M., & Campbell, A. 2002. Designing effective organizations: How to create structured networks. San Francisco: Jossey-Bass. Before class: Textbook chapter 7 (Johnson et al., 2014). Virgin case (Treciokas, 2013), pp. 255-259 of textbook. After class: Nippa, M., Pidun, U., & Rubner, H. 2011. Corporate portfolio management: Appraising four decades of academic research. The Academy of Management Perspectives, 25(4), pp. 50-66. 10 Strategy implementation Lecture: Strategy evaluation Tutorial: SAFe evaluation of strategic options for the International HIV/AIDS Alliance Page 7 Supplemental: Laurie, D. L., Doz, Y. L., & Sheer, C. P. 2006. Creating new growth platforms. Harvard Business Review, 84(5), pp. 80-90. Before class: Textbook chapter 11 (Johnson et al., 2014). International HIV/AIDS Alliance case (Johnson, 2013), pp. 700-706 of Module Guide textbook. After class: Richard, P. J., Devinney, T. M., Yip, G. S., & Johnson, G. 2009. Measuring organizational performance: Towards methodological best practice. Journal of Management, 35(3), pp. 718-804. Kaplan, R. S., & Norton, D. P. 1996. Using the balanced scorecard as a strategic management system. Harvard business Review, 74(1), pp. 75-85. 11 Strategy implementation Lecture: Strategy evaluation Supplemental: Denrell, J. 2005. Selection bias and the perils of benchmarking. Harvard Business Review, 83(4), pp. 114-119. See above Tutorial: SAFe evaluation of strategic options for the International HIV/AIDS Alliance 12 Strategy in practice Lecture: Revision Tutorial: Strategic plan workshop (bring your drafts) 3.2 Before class: Prepare draft of your final strategic plan and bring it to the last tutorial Reading List and Learning Resources The reading list and learning resources for this module are available on Reading Lists at Anglia, you can access the reading list for this module, via this link: http://readinglists.anglia.ac.uk/modules/mod001115.html Page 8 Module Guide 4. Assessment on this Module The assessment for this module consists of one element. Element Type of assessment 10 END-TERM Assignment Word or time limit 3,000 words % of Total Mark Submission method Final Submission Date 100% in hard copy (off main UK campus only) NO LATER THAN: 12th August 2016 by 2pm All forms of assessment must be submitted by the published deadline which is detailed above. It is your responsibility to know when work is due to be submitted – ignorance of the deadline date will not be accepted as a reason for late or non-submission. Any late work will NOT be considered and a mark of zero will be awarded for the assessment task in question. You are requested to keep a copy of your work (excluding exams). Feedback You are entitled to feedback on your performance for all your assessed work. For all assessment tasks which are not examinations, this is accomplished by a member of academic staff providing your mark and associated comments which will relate to the achievement of the module’s intended learning outcomes and the assessment criteria you were given for the task when it was first issued. This feedback will be available on-line via Turnitin/Grademark® or may be sent directly to your Anglia Ruskin e-mail account. The marker of your assignment will include feedback on written assignments that includes answers to these three key questions: 1. 2. 3. What is your overall feedback? How does your assignment compare to the marking criteria? How can you improve in the future? Examination scripts are retained by Anglia Ruskin and are not returned to students. However, you are entitled to feedback on your performance in an examination and may request a meeting with the Module Leader or Tutor to see your examination script and to discuss your performance. Anglia Ruskin is committed to providing you with feedback on all assessed work within 20 working days of the submission deadline or the date of an examination. This is extended to 30 days for feedback for a Major Project module (please note that working days excludes those days when Anglia Ruskin University is officially closed; e.g.: between Christmas and New Year). Personal tutors will offer to read feedback from several modules and help you to address any common themes that may be emerging. On occasion, you will receive feedback and marks for pieces of work that you completed in the earlier stages of the module. We provide you with this feedback as part of the learning experience and to help you prepare for other assessment tasks that you have still to complete. It is important to note that, in these cases, the marks for these pieces of work are unconfirmed. This means that, potentially, marks can change, in either direction! Page 9 Module Guide Marks for modules and individual pieces of work become confirmed on the Dates for the Official Publication of Results which can be checked at www.anglia.ac.uk/results. How to View Your Feedback in Turnitin Grademark Click on the class that you wish to view and then you will see the assignments for the module listed. Click the blue view button to open up the document viewer. The Document Viewer will open and the main feedback on your work is shown in the General Comments: There may also be Quick Marks on your assignment or a Grading Form/Rubric to show how you performed against the marking criteria, click on the tabs to open them. Page 10 Module Guide Comments List Expands /collapses comments on all pages Expands /collapses comments on a page 4.1 Rubric/Grading Form Number of comments on a page Jumps to the comment within your assignment Scroll to see how your work compared with the marking criteria Expanded comments Assessment Information and Marking Criteria 4.1.1 Element 010 – ENDTERM Assignment: 3,000 WORDS (100%) For an organisation with which you are familiar, write a strategic plan (for simplicity, you might choose to focus on an undiversified business or a business unit within a larger corporation). Where data are missing, make reasonable assumptions or propose ways of filling the gaps. You will provide the data and argument in support of a strategy for the selected organisation. Check Johnson et al. (2014), pp. 521-525 for more detail on the points described below. You strategic plan should include the following key discussion points: Mark 1. 2. 3. 4. 5. 6. 7. 8. Mission, vision and objectives Macro environment analysis Industry Analysis Capability analysis Proposed strategy Strategy evaluation Presentation Complementary use of sources of information 15 15 15 15 15 15 5 5 TOTAL MARKS: 100% Learning Outcome 1-4 1-4 1-4 1-4 1-4 1-4 1-4 1-4 FOR DETAILS ON THE CONTENT OF EACH SECTION, PLEASE REFER TO THE STRATEGIC PLAN OUTLINE IN SECTION 6. Hard copy assignments (Associate College partners) Page 11 Module Guide This assignment is submitted via hard copy at office/location at your college. Academic staff CANNOT accept work directly from you. If you decide to submit your work by post, it must arrive by midday on the due date. If you elect to post your work, you do so at your own risk and you must ensure that sufficient time is provided for your work to arrive. Posting your work the day before a deadline, albeit by first class post, is extremely risky and not advise Page 12 Module Guide Page 13 Module Guide Marking Criteria for Element 010 – END-TERM COURSEWORK: 3,000 WORDS Criteria A (70-100 marks) B (60-69 marks) C (50-59 marks) D (40-49 marks) Fail (0-39 marks) Knowledge and understanding of the topic and tasks Integration of theory into practice Analytical skills Coherent line of thought Complementary use of relevant sources of information Harvard System and consistent reference list Tables and figures Style of writing and use of language Maximum of 3,000 words Outstanding knowledge and understanding of the topic and tasks Excellent integration of theory into practice Analytical originality and autonomy Balanced and coherent arguments Complementary use of relevant sources of information Exceptional academic, problem-solving, reflective and presentation skills Excellent and accurate written expression and referencing Above average knowledge and understanding of the topic and tasks Good integration of theory into practice Some analytical originality and self-directed research Consistent and convincing arguments Complementary use of relevant sources of information Good academic, problemsolving, reflective and presentation skills Structured and accurate written expression and good referencing Satisfactory knowledge and understanding of the topic and tasks Reasonable integration of theory into practice Some but inconsistent analytical autonomy Acceptable and fairly well structured arguments Acceptable level of academic, problem-solving, reflective and presentation skills going beyond description at times Structured and mainly accurate written expression and adequate referencing Basic knowledge and understanding of the topic and tasks Limited integration of theory into practice Restricted analytical ability; mainly descriptive Arguments are sufficiently identifiable and free of obvious contradiction Basic evidence of academic, problem-solving, reflective and presentation skills Some difficulty with accuracy in written expression and referencing Your assessment will be evaluated not only on its own merit, but also on how well it compares to the work of your classmates. Page 14 Poor knowledge and understanding of the topic and tasks Weak integration of theory into practice Analytical skills are not yet secure; work significantly descriptive Weak arguments which lack clarity Weak evidence of academic, problem-solving, reflective and presentation skills Significant difficulty with accuracy in written expression and referencing Module Guide EXAMPLE GRADING FEEDBACK Mark: 50 Feedback 1. What is your overall feedback? This is a much improved revised report, where many though not all of my former feedback points have been integrated. A table explaining how you my feedback f or part 1 has been addressed is missing though. It is not entirely clear to me what the strategic challenge is that your analysis targets. Could you have elaborated more on some parts of your analysis, for instance, the VRIO or the TOWS analyses? I commend the better use of referencing throughout the report. 2. How does your assignment compare to Satisfactory knowledge and understanding of the topic; Basic integration of theory into practice; Some analytical autonomy, the marking criteria? but inconsistent; Acceptable and fairly well-structured arguments; Basic use of sources of information; Basic evidence of academic and problem-solving skills; Satisfactory presentation skills (structured and mainly accurate written expression and adequate referencing); Merely a summary of facts and/or elementary recommendations 3. How can you improve in the future? Through a more in-depth elaboration of some parts of your analysis, for instance, the VRIO or the TOWS analyses, the report could have been further improved. Could have engaged more with the central ideas the tools and frameworks you used? Moreover, the different sections of your analysis could have been more integrated. Page 15 Module Guide 4.2 Re-assessment Information If you are required to complete a re-sit assessment for this module, please ensure you are aware of the assessment (and the date if an exam or in-class test) as it will be different to the original assessment. 4.2.1 Re-assessment for Element 010 –COURSEWORK: 3,000 WORDS (100%) Element Type of assessment 010 Individual assignment Word or time limit 3000 % of Total Mark Submission method Final Submission Date 100% Quick Guide to Submitting on Turnitin®UK GradeMark NO LATER THAN: TBC Turnitin®UK Grademark or in hard copy (off main UK campus only) For an organisation with which you are familiar, write a strategic plan (for simplicity, you might choose to focus on an undiversified business or a business unit within a larger corporation). Where data are missing, make reasonable assumptions or propose ways of filling the gaps. You will provide the data and argument in support of a strategy for the selected organisation. Check Johnson et al. (2014), pp. 521-525 for more detail on the points described below. You strategic plan should include the following key discussion points: Mark 1. 2. 3. 4. 5. 6. 7. 8. Mission, vision and objectives Macro environment analysis Industry Analysis Capability analysis Proposed strategy Strategy evaluation Presentation Complementary use of sources of information Page 16 15 15 15 15 15 15 5 5 TOTAL MARKS: 100% Learning Outcome 1-4 1-4 1-4 1-4 1-4 1-4 1-4 1-4 Module Guide FOR DETAILS ON THE CONTENT OF EACH SECTION, PLEASE REFER TO THE STRATEGIC PLAN OUTLINE IN SECTION 6. YOU SHOULD IMPROVE YOUR ORIGINAL SUBMISSION – DO NOT SELECT A DIFFERENT ORGANISATION UNLESS AUTHORISED BY YOUR TUTOR. Hard copy assignments (Associate College partners) This assignment is submitted via hard copy at office/location at your college. Academic staff CANNOT accept work directly from you. If you decide to submit your work by post, it must arrive by midday on the due date. If you elect to post your work, you do so at your own risk and you must ensure that sufficient time is provided for your work to arrive. Posting your work the day before a deadline, albeit by first class post, is extremely risky and not advised. Page 17 Module Guide 5. Report on Last Delivery of Module MODULE REPORT FORM Module Code and Title: MOD001115 Strategic Management Anglia Ruskin Department: Marketing, Strategy and Enterprise Location(s) of Delivery: To be completed by partners Academic Year: 2014/15 Semester/Trimester: 2 Enrolment Numbers (at each location): To be completed by partners Module Leader: Dr Elisa Alt Other Module Tutors: To be completed by partners Student Achievement Provide a brief overview of student achievement on the module as evidenced by the range of marks awarded. A detailed breakdown of marks will be available at the Departmental Assessment Panel. A wide range of marks was awarded. Students at the top end (70%+) demonstrated strong evidence of analytical skills and critical ability. Feedback from Students Briefly summarise student responses, including any written comments This is a core business & management module on which students provided positive feedback. Students noted the ‘variety’ of module content, and found the module ‘interesting’ and ‘stimulating’. Module Leader/Tutor’s Reflection on Delivery of the Module, including Response to Feedback from Students (including resources if appropriate) The module leader changed for delivery in 2014/15. Students now develop a strategic report for an organisation of their choice, applying in practice the wide range of strategic analytical skills learned in class. In addition, seminar activities clearly contributed to students’ preparation for coursework. Developments during the current year or planned for next year (if appropriate) The midterm assessment will be substituted by a formative assessment only. External Examiner’s Comments State whether the external examiner agreed the marks and/or commented on the module Marks were agreed by the external examiner. Page 18 Module Guide 6. STRATEGIC PLAN OUTLINE Your strategic plan is a report. Your aim is to “provide the data and argument in support of a strategy for the whole organisation*” (Johnson et al., 2014, p. 521). Please choose a non-diversified business (one industry only) or business unit of a corporation. Your audience is the management team/board of the organisation. You should use the same organisation for both parts of the strategic plan (010 and 011). Structure: 1. Cover 2. Index 3. Page 1: Title and short paragraph introducing the organisation and the purpose of the work. If you have already identified a strategic challenge, briefly explain it (this explanation at this stage is optional). 4. Mission, vision, and objectives statements • You will provide either new statements or existing statements (citing references in this case). • In doing that, you will use the criteria discussed in class (Johnson et al., 2014) to either a) build new statements; or b) critically analyse the existing statements. Think of how the statements guide or support the strategy of the selected organisation. 5. Environmental analysis • Macro trend analysis (choose 1 of the following analyses: PESTEL key drivers of change (based on level of impact and uncertainty); or scenarios (with short explanation of two selected key drivers of change). • Industry issues (choose 1 of the following analyses: 5 Forces, strategy canvas/blue oceans). • Each of these analyses should result in the identification of opportunities and threats for the organisation. 6. Capability analysis • Identify strategic capabilities (choose 1 of the following frameworks: capabilities in the context of the value chain; or capabilities that link to critical success factors in the industry). • Optional: Look at selected measures of performance (economic performance, organisational effectiveness – select a maximum of 3 that are relevant in the context of your organisation), and compare these to one of the following: previously established organisational objectives, industry trends or benchmark organisations (this will help you in the identification of strengths and weaknesses). • Apply the VRIO criteria to any distinctive capabilities. • Discuss the competitive implications of the above analysis, by providing a summary of strengths and weaknesses. 7. Proposed strategy • Start by referring to the SWOT that resulted from the previous analyses. In order to combine the strengths and weaknesses (SW) with the opportunities and threats (OT), use a TOWS matrix. For each quadrant of the matrix, list the strategic options that the organisation would have. • These options will be either business-level strategies or corporate-level strategies (or a combination of both – it depends on your context). Page 19 Module Guide • • • • • Select 1 or 2 of these strategic options, and explain why these are preferred options for the organisation. If you are suggesting changes in business strategy (look at Porter’s generic strategies or Faulkner & Bowman’s strategy clock), give examples of strategy elements and organisational requirements (see slides week 8), using the value chain framework to support your arguments. If you are suggesting new corporate strategy directions, you can use the following to build your argument: Porter’s ‘better-off’ test, economies of scope, transaction costs, and the costs of corporate complexity. You may also use the Ansoff matrix to show potential strategy directions, and comment on potential strategic methods (organic development, mergers and acquisitions, strategic alliances) if a diversification strategy is proposed. Link back the proposed strategy(ies) to the initial purpose statements. Are these aligned with the mission/vision/objectives? Or do the statements need a revision? Why? Optional: You can conclude by providing a strategy statement that summarises your competitive game plan in a short sentence (think elevator pitch) that covers: the key objectives, the scope (where), the advantage (how). 8. Strategy evaluation • You will conclude by providing a SAF (suitability, acceptability, feasibility) evaluation of the proposed strategy. • Discuss Suitability by answering: How do the proposed strategies exploit the opportunities in the environment and avoid the threats? How do the proposed strategies capitalise on the organisation’s strengths and avoid or remedy the weaknesses? • Discuss Acceptability by answering: How do the proposed strategies meet the expectations of stakeholders? • Optional: You can complement the above answer with stakeholder mapping (power/interest matrix). • Optional: You can include short comments in response to the risk and return criteria of Acceptability. To which extent are strategic outcomes unpredictable (especially with regard to negative outcomes)? To which extent are the proposed strategies financially effective? • Discuss Feasibility by answering: Do the resources and competences currently exist to implement the strategy effectively? If not, can they be obtained? 9. Appendixes • Include any appendixes you want for parts 1 and 2. Remember to identify appendixes with headings and to mention these in the actual report. Remember this is a practical assessment – you should use academic references to support your analyses and arguments, not to explain theories and models. Key text: Johnson, G., Whittington, R., Scholes, K., Angwin, D., & Regner, P. 2014. Exploring strategy: Text and cases. 10th ed. Harlow: Pearson Education Limited. Page 20 Module Guide Links to Other Key Information Assessment Offences: As an academic community, we recognise that the principles of truth, honesty and mutual respect are central to the pursuit of knowledge. Behaviour that undermines those principles weakens the community, both individually and collectively, and diminishes our values. There is more information on these principles and the types of Assessment Offences here: http://www.anglia.ac.uk/modguide4.aspx Penalties for poor academic practice can be severe so ensure you are aware of what is expected and how to reference correctly. There is a guide to Good Academic Practice here: http://anglia.libguides.com/plagiarism Attendance Information: Attending all your classes is very important and one of the best ways to help you succeed in this module. Link to more details on the Attendance Requirements here: http://www.anglia.ac.uk/modguide1.aspx Assessments and TurnitinUK: TurnitinUK is used for submitting the majority of your assessments, it is important that you read the information on preparing your assignment at: https://vle.anglia.ac.uk/sites/LTA/Grademark/Content/Preparing%20my%20Assignment.aspx Information on submitting your assignment must be read and guidelines adhered to, please ensure you read: https://vle.anglia.ac.uk/sites/LTA/Grademark/Content/Quick-Start.aspx The direct link to TurnitinUK is: http://www.turnitinuk.com Examinations: Examinations are held in January (semester/trimester 1), May (semester/trimester 2) and in August (trimester 3). All examinations are scheduled by the Examinations Unit, the dates and locations will be posted on the following website: http://web.anglia.ac.uk/anet/students/exams/ External Examiners: An up-to-date list of external examiners is available to students and staff at http://www.anglia.ac.uk/eeinfo The external examiner for this module is in the Marketing Enterprise and Tourism department. These are academic examiners from other institutions who independently approve and confirm the quality and standard of our modules and assessments. Feedback in TurnitinUK: Link to more details on the https://vle.anglia.ac.uk/sites/LTA/Grademark/Content/Feedback.aspx viewing feedback is here: How is My Work Marked and Flowchart of Anglia Ruskin’s Marking Process: After you have handed your work in or you have completed an examination, Anglia Ruskin undertakes a series of activities to assure that our marking processes are comparable with those employed at other universities in the UK and that your work has been marked fairly, honestly and consistently. More information about this is given here: http://www.anglia.ac.uk/modguide5.aspx Module Evaluation: During the second half of the delivery of this module, you will be asked to complete a module evaluation questionnaire to help us obtain your views on all aspects of the module, more about this process is included here: http://www.anglia.ac.uk/modguide6.aspx Reading Lists: These are now all available online: http://readinglists.anglia.ac.uk Re-assessments: Re-assessment dates will be stated on e-vision, you can check the specific date your reassessment assignment is due in on: http://e-vision.anglia.ac.uk or alternatively, if it is an examination, these are scheduled by the Examinations Unit, the dates and locations will be posted on the following website: http://web.anglia.ac.uk/anet/students/exams/ University Generic Assessment Criteria: This module is at level 7, information on the criteria that the university uses to mark your work can be found here: http://www.anglia.ac.uk/criteria Page 21