Unit 4: Planning and Controlling 10. I will be able to use the strategic planning process 11. I will be able to use and analyze the organizational strategic plans e.g. SWOT analysis 12. I will be able to explain the types and levels of strategic plans e.g. retrenchment (1) Identify Mission and Objectives (2) Analyse Internal and External Environment (3) Formulate Strategy (4) Implement Strategy (5) Evaluate Results and Control SWOT Analysis Strength, Weakness, Opportunities, Threats PEST Analysis Political, Economic, Social, Technological factors Porters Five Forces Competitors, New entrants, Customers, Suppliers, Substitutes. http://www.youtube.com/watch?v=4gYEMO 9Euig Create a SWOT analysis on a real business. This should be in poster form and will go up on the wall (if it’s good!) You have roughly 30 minutes to do this PEST Analysis http://www.youtube.com/watch?v=SkzR5b2d re0 Political, Economic, Social, Technological factors Porters Five Forces Competitors, New entrants, Customers, Suppliers, Substitutes. http://www.youtube.com/watch?v=uvwjip3CTMA Choose a company and complete either a PEST analysis or a Porter’s Five Forces Analysis (just in your books, doesn’t need to be a poster) Many of today’s large corporations are conglomerates composed of several businesses or several product lines. Large corporations have three levels of strategy: corporate, business, and functional. Corporate Strategy – directs the organization as a whole towards sustainable competitive advantage. Strategic Question : in what industries and markets should we compete? Business Strategy – the strategy for a single business unit or product line. Strategic Question: how are we going to compete for customers in this industry and market? Functional Strategy – guides the use of organizational resources to implement business strategy. Strategic Question – How can we best utilize resources to implement our business strategy. Choose a real company, what do you think a possible plan could be for each level of planning? (corporate, business, functional) Growth, Retrenchment, and E-business strategies Growth Strategy Expanding current operations Concentration - In the same industry Vertical Integration - Buying out suppliers/distributors Diversification – In other industries Retrenchment Strategy Used in crisis Correct weaknesses by changing practices Restructuring and downsizing E-business Strategy Involves Internet technology to buy/sell Advertising, collecting information, and distributing information You will have 1.5 class periods to complete this. This can be individual or in partners. No bigger. See assignment on website