Business Strategy (BS) Assignment guide: Table of content General introduction -What the assignment will contain/ what you will put in the assignment Apples Background/overview -Location -Where they operate -What they do -Company size TASKs strategic Planning 1.1. Explain the concept of “strategy”, state and explain vision, mission, goals, objectives and core competencies You may use Apple’s vision, mission, objectives, goals, core competencies to support your answer. (AC 1.1) 1.2. Review the issues involved in strategic planning. Discuss the issues/ problems associated with strategic planning 1.3. Explain 4 planning techniques that organisations can use, (e.g BCG growthshare matrix, value chain analysis, scenario analysis, PIMS, SPACE, NPV) 1 TASK 2 Formulating Strategy 2.1. Carry out an (internal) organizational audit of Apple to determining their strengths and weaknesses), Take into consideration the organisational culture, structure, resources, stakeholders etc. (Your understanding or Analysis of the industry is useful here (Porter’s five forces) 2.2. Undertake an external (macro) environmental analysis of Apple using PESTEL model to identifying opportunities and threats prevailing in the external environment 2.3 Explain the importance of stakeholder’s analysis. You may give examples. Your answer should be analytical and not descriptive. Task 3 Strategy formulation 3.1. Analyse possible alternative future strategies of Apple relating to substantive growth (horizontal and vertical integration, related diversification); limited growth , strategies described in Ansoff’s Matrix – market penetration, market development, product development) and Retrenchment (turnaround, divestment) 2 3.2. Select an appropriate future strategy for Apple to pursue (AC 3 Choose from 3.1 Discuss how it should be done Justify why you have chosen that strategy. Don’t forget to include the benefits that would be derived from the chosen strategy, TASK 4 Strategy Implementation 4.1. Compare the roles and responsibilities of those who will implement the strategies. Corporate levels (CEO) Tactical – middle level managers Operational-(project) team members in implementing a strategy, Apples example can be used to support your points. 3 4.2. Evaluate what resources (financial, human resources, time, materials and equipment/technology) will be required to implement a new strategy for Apple. (AC 4.2) 4.3. Discuss targets and timescales that you have set to Successfully realise Apple’s strategies that you have suggested, and use Gantt chart or appropriate tools to demonstrate how it would be monitored and assessed or evaluated. 4