Introduction: A grand strategy matrix can help you formulate your organization s strategy.
The goal of any strategic planning activity is to enhance organization performance. Through involvement in strategic planning, employees achieve a better understanding of the organization s operation. The process allows for proactive decision-making. It is important to anticipate and respond to issues and to understand that sometimes a philosophical change will surface. There are twelve general strategies an organization might follow when implementing change. Adopting one or more of these strategies might mark a new beginning for an organization, especially if the employees understand and support the plan of action.
The twelve strategies are:
*Forward Integration: Increase control of distributors or retailers.
*Backward Integration: Increase control of firms suppliers.
*Horizontal Integration: Increase control of competitors.
*Market Penetration: Increase market share for current products in current markets.
*Market Development: Introduce current product in new geographic areas.
*Product Development: Increase sales through improved or new product.
*Concentric Diversification: Add new but related products.
*Conglomerate Diversification: Add new unrelated products.
*Horizontal Diversification: Add new, unrelated products for current customers.
*Retrenchment: Cost reduction to reverse declining profit and sales.
*Divestiture: Sale of part of the organization.
*Liquidation: Sale of the company s assets.
Strategy formation is an assessment of whether the organization is doing the right things and how it can be more effective. Organizations can become obsolete by following a strategy made out-dated by market changes. Objectives should be consciously developed and coordinated and not just extensions of day-to-day operations.
Create a grand strategy matrix for an organization of your choice. PLEASE USE SAMSUNG.
Answer the following questions:
*Is your chosen organization in a weak or strong competitive position?
*Is the market growth rapid or slow?
Complete a grand strategy matrix for your chosen organization using the Grand Strategy Matrix Template attached.
Compare whether the organization s strategies are aligned with the relevant quadrant strategies, and write a half-page summary on the differences and changes you identify. Make recommendations for changes to the organization s strategy based on your observations.
Font and font size: Times New Roman, 12 point.
You can get our ideal online homework help services with four easy steps. All you have to do is inform us of your requirements. Immediately we will match with a specialist in your academic discipline. After that, we will track your order, review it to ensure it meets your requirements, and submit it to your email.
Fill in your assignment instructions on the order form
Immediately you contact us for homework help; we will assign your assignment to an academic expert.
We have a team of editors, who will thoroughly review your assignment, ensuring there are no errors before submission
Once we have completed the assignment, we will deliver it to your account. Additionally, we will send a notification to your email.
Once you consult us for homework help online services, you will attest to why we are among the USA's best essay writing services.
Read on and find out some of the features that make our services superlative.
You can confirm that the content you get is original for free using our plagiarism checker.
We offer unlimited access to our essay homework samples.
Once you place an order, we format it accordingly without demanding additional charges.
We offer free unlimited revisions until your assignment is of your desired quality..
We have a team of specialized editors who review your assignment before submission.
You can track the progress of your homework for free.