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STRATEGIC ANALYSIS
WORKBOOK
PERFORMANCE ASSESSMENT
The strategic analysis process begins with assessing your level of performance in each of the
following areas. Performance can be low or high based on the current situation, comparison to
goals, trends for the future, or your firms level of satisfaction.
Customer Satisfaction
Ability to attract and maintain customers.
Evidence: Fail to retain Customer Low Sales and over reliance on Sybian
Competitiveness
Ability to do better than your competition.
Evidence: Possess Good production Ability, Good R&D, Good Human Resources
Productivity
Ability to provide products/services efficiently and effectively based on internal management
processes.
Evidence: Good production Ability, Good R&D, Good Human Resources, Good Team work
Profitability
Ability to attract resources based on level of return to key stakeholders.
Evidence: Recent Losses but good but good past history of profit.
Which performance concerns (if any) warrant strategic analysis and planning?
INTERNAL ANALYSIS CHECKLIST
GOAL: TO DETERMINE A FIRM'S INTERNAL STRENGTHS AND WEAKNESSES
DIRECTIONS: For each item below, circle the number on the scale that best corresponds to your honest
assessment of your firm's strength or weakness in the indicated area.
GREAT GREAT
WEAKNESS STRENGTH
I. MARKETING RESOURCES
1. Customer satisfaction with products/services 1-------2-------3-------4-------5
2. Ability to gain customers versus the competition 1-------2-------3-------4-------5
3. Knowledge of the market 1-------2-------3-------4-------5
4. Product/service line breadth and depth 1-------2-------3-------4-------5
5. Product/service quality in terms of function, 1-------2-------3-------4-------5
image, place, time, possession, ease of use
V. MANAGEMENT/LEADERSHIP RESOURCES
1. Effective management style 1-------2-------3-------4-------5
2. Timely decision making 1-------2-------3-------4-------5
3. Effective delegation 1-------2-------3-------4-------5
4. Effective participation 1-------2-------3-------4-------5
5. Effective risk taking 1-------2-------3-------4-------5
6. Effective leadership 1-------2-------3-------4-------5
ASSESS YOUR FIRM'S FIVE MOST IMPORTANT WEAKNESSES* USING THE QUESTIONS
FROM ABOVE OR YOUR OWN BELIEFS ABOUT YOUR FIRM. In the column marked CD put a
check beside those weaknesses that are COMPETITIVE DISADVANTAGES.** In the final column, cite
specific evidence that supports your belief that the item is a weakness or competitive disadvantage.
Unexpected change in high management Sudden change in CEO also bring shocked news and
and negative financial trends / lack of recent losses in term of finance shake the confidence
diversity of the stakeholders. The company has not so much
diversity or having but fail to implemented at the right
time.
Badwill After fail to fulfill the requirement of its loyal
customers as compared to its competitors. It damaged
the repute of the company
DIRECTIONS: For each item below, circle the number on the scale that best corresponds to your honest
assessment of the external situation faced by your firm. Numbers to the left on the scales
correspond to situations with greater threats while numbers to the right correspond to
situations with greater opportunities.
1. POTENTIAL ENTRY:
How difficult is it for new firms to enter your Easy 1---2---3---4---5 Difficult
market?
How many options exist for discouraging new Few 1---2---3---4---5 Many
firms from entering your market?
2. SUPPLIER POWER:
How much bargaining power do your suppliers Much 1---2---3---4---5 Little
have?
How many options exit for lessening supplier Few 1---2---3---4---5 Many
power?
3. BUYER POWER:
How much bargaining power do your buyers Much 1---2---3---4---5 Little
have?
How many options exist for lessening buyer Few 1---2---3---4---5 Many
power?
4. POTENTIAL SUBSTITUTES:
How many alternatives do buyers have for Many 1---2---3---4---5 Few
getting the benefits of your products or services
in some other way?
How many options exist for improving your Few 1---2---3---4---5 Many
price-performance tradeoff?
How many options exist for finding less Few 1---2---3---4---5 Many
substitute-sensitive customers?
5. RIVALRY:
What level of intensity exists in the rivalry High 1---2---3---4---5 Low
between you and your direct competitors?
How strong are these direct competitors? Strong 1---2---3---4---5 Weak
How many options exist for taking on these Few 1---2---3---4---5 Many
competitors head to head?
How many options exist for picking areas of the Few 1---2---3---4---5 Many
market that are not so competitive?
THE CHANGE FORCES
DIRECTIONS: For each item below, circle the number on the scale that best corresponds to your honest
assessment of the external situation faced by your firm. Then, in the space provided, list
specific key changes influencing your firm. Less change corresponds to less threatening,
but probably fewer opportunities. Greater change corresponds to more threatening, but
probably more opportunities.
1. Changes in buyer demand, i.e., what buyers Little Change 1---2---3---4---5 Much Change
LIST KEY CHANGES:
want and need. Consider changes in tastes,
lifestyles, customer income, preferences for Preference of product High pixel camra, selfi High
resolution
unique products/services, etc. Preference of customer Student / young people
Service High speed of internet, games and
auxiliary softwares
2. Changes in long-term market growth rate. Little Change 1---2---3---4---5 Much Change
LIST KEY CHANGES:
Consider changes in industry growth, population
growth, product/service attractiveness to Increase in population , with passage of time life
customers, market saturation, etc. style of people also changing which invite the
company to introduce new methods / style of
marketing which put effective impact over the
customers like credit card offers of mobile at
zero rate interest payment in easy installments.
3. Product and marketing innovation. Consider Little Change 1---2---3---4---5 Much Change
LIST KEY CHANGES:
innovations in product/service features, quality,
packaging, promotion, advertising, distribution, online promotion plays a vital role now a days.
etc. Different actors are representing brand
managers and attracting the people.
4. Technological change and the speed with Little Change 1---2---3---4---5 Much Change
LIST KEY CHANGES:
which it spreads. Consider changes in
equipment, production methods, biotechnology, Mobile market influenced with rapid changes in
computers, information systems, and the speed technologies. Different ideas come out from
with which industry competitors or customers different companies and surprise the customers.
adopt these changes.
5. Regulatory influences and government policy Little Change 1---2---3---4---5 Much Change
changes. Consider changes in environmental, Some time government increase the
LIST KEY CHANGES:
business, and land-use laws and regulation. taxes rates and import duties.
6. Changes in uncertainty and business risk. Little Change 1---2---3---4---5 Much Change
Consider changes in business liability, volatility due to short cycle of product life and
LIST KEY CHANGES:
of markets, ability to forecast effectively, etc. severe competition and as well as rapid change
in technology produced a great volatility in
markets like Iphone 7 change the style of mobile
and introducing a speaking mobile or machine
slave and possessing new and rich features.
7. Major changes in the economy. Consider Little Change 1---2---3---4---5 Much Change
changes in the levels of employment, investment, Due to intensive competitive
LIST KEY CHANGES:
interest rates, etc. enviorment huge investment , employment and
capital involved in this industry. Global
economic environment also bring vital changes
like profitability, variation in rate of interest.
ASSESS YOUR FIRM'S MOST IMPORTANT OPPORTUNITY/IES (at least 3)* USING THE
COMPETITIVE AND CHANGE FORCES FROM ABOVE AND YOUR OWN BELIEFS ABOUT
YOUR FIRM'S EXTERNAL SITUATION. In the column marked evidence, site the primary reason(s) why
you believe this is an opportunity.
OPPORTUNITY/IES EVIDENCE
Global Customers availability Day by day increase in use of mobile or Smartphones. In
other words still ample opportunity for hinting the customers.
*OPPORTUNITY: Any external factor or situation that offers promise or potential for moving closer or
more quickly toward the firm's goals.
THREATS ANALYSIS
ASSESS YOUR FIRM'S MOST IMPORTANT THREAT/S (at least 3) * USING THE COMPETITIVE
AND CHANGE FORCES FROM ABOVE AND YOUR OWN BELIEFS ABOUT YOUR FIRM'S
EXTERNAL SITUATION. In the column marked evidence, site the primary reason(s) why you believe this is a
threat.
THREAT/S EVIDENCE
Severe Competition Strong Competitors existed in the market like Apple / Iphone
and Samsung , HTC, SonyEricson, Metrolla , Plam and others
Use platform of Android and some other Nokia has to get rid from old out dated Symbian and has to
advance platform come at more advanced and sound platform like Android or
suitable alternative available which has to produce deep
software products as per customers expectations and needs
and also bring new trends as compare to its competitors .
Nokia has to resolve all its software related issues and
hardware issues.
Low Cost Due to severe competition there are best trade off available in
the market which have been found by the competitors like
Apple, Samsung, HTC, SonyEricson, Metrolla , Plam and
others. Now for survival Nokia has to bring best quality
product at competitive price.
*THREAT: Any external factor or situation that may limit, restrict, or impede the business in the
pursuit of its goals.
STRATEGIC ISSUES SYNTHESIS
"The final analytical task is to home in on the strategic issues management needs to address in forming an effective
strategic action plan. Here, managers need to draw upon all the prior analysis, put the company's overall situation into
perspective, and get a lock on exactly where they need to focus their strategic attention." (Thompson and Strickland)
What are the firms core competencies? Key competitive advantages? Marks:6
The company core competencies are produced reliable and good smartphones and possessed the following key
Key competitive advantages:-
National Pride, Strong public image, Strong R&D, Trained experience Skillful
Staff / human resources, good production facility and possessed good organizational culture.
Where do the company's strengths and opportunities reinforce each other? Where do the company's
weaknesses and threats reinforce each other? To answer these interrelated questions, construct at least three
scenarios or stories about the companys future. For each scenario, focus on the key uncertainties about
strengths, weaknesses, opportunities and threats.
1. DECLINE. What combination of external threats, unrealized opportunities, internal weaknesses, and
decreasing strengths could result in a substantial decline in performance? Marks:3
Over emphasis on outdated Symbian
produced low quality of products and lose the opportunity as
Market share and repute of the company. This internal weakness decrease the sales ongoing basis
Which was earlier a strength and lead to substantial decline in performace. Similary software
Demage the product reliance and non compatibility of software with hardware produced low
Productivity and performance.
2. SAME BUT BETTER. What combination of external opportunities and threats and internal strengths
and weaknesses could result in a gradual extension and enhancement of past performance? Marks:3
Strong organization with experience human resources and rich R & D may lead to over come the issue of
Non suitable platform and chose the right one like google android platform and come up with new and innovative
User friendly software alongwith rich resolution, good sound quality, good mobile camara in innovative cool style
Use the trained and good human resources for producing stylish smartfones for international and
globe customers.
Trained staff may lead to develop new feature (By using R&D) and find good tread off in order to
Get competitive advantage like low price smartfone with rich variety of software and successfully
larger class of customers all round of the world.
Marks: 10
What are the critical strategic issues that must be addressed to assure a successful future? The critical issues
can be thought of as a series of "how will we. . . ?" questions that must be answered by the strategic planning
process. The strategic issue questions should be tailored to the company and not stated generically. Try to keep to
under 5 in order to assure focus on the truly critical issues.
1. Mangement has to be flexible enough to take the decision in response of rapid changes
2. Develop the proactive environment and culture. Scan the external environment continuously and take
essential steps as and when require. Avoids threats and minimize the weakness at the same time increase the s
Strengths.
3. Focus and Chose the right platform and get the rich dept range of software and compatible hardwares
5. Keep close touch with Customers and give them what they require.