Theme: Internal Environment Assessment
Chapter 4: Managing Firm Resources
Industry Analysis (Qualitative and Quantitative Analysis)
Introduction to Industry Analysis (13:43 minutes) https://www.youtube.com/watch?v=5DFd-ZNbNX4
SWOT Analysis (Strengths and Weaknesses) https://www.mindtools.com/pages/article/newTMC_05.htm
SWOT Analysis: How to perform one for your organization https://www.youtube.com/watch?v=GNXYI10Po6A
IFE (Internal Factor Evaluation) http://www.maxi-pedia.com/IFE+EFE+matrix+internal+factor+evaluation
VRIO Analysis https://www.strategicmanagementinsight.com/tools/vrio.html
VRIO Analysis https://chris264.wordpress.com/2012/09/23/vriovaluerarityimitabilityorganization/
Grand Strategy Matrix https://www.youtube.com/watch?v=fYWHaOjWnN8
Competitive Profile Matrix (CPM)
Fourteen Key Business Ratios Used by D&B
The Seven Key Ratios Used in Key Ratio Analysis
Participate in week 3 learning activities – Initial response due by Thursday, follow up response due by Sunday.
Assignment 1 Due; submit in Assignment Folder by Sunday.
Week 3 Learning Activities
Research, apply and answer in your own words with appropriate reference(s) and in-text citation(s) to this week’s readings, videos, and/or examples from current events to support the position and/or rationale.
Label your responses specifically “Learning activity 1”, and “Learning activity 2”.
Write in 250 words at least for initial response. Due by Thursday.
Write in 75 words for each follow-up response (at least 2 follow-up responses for each learning activity) by expanding the discussion topic substantively and explore other possibilities and/or solutions, thereby enriching class learning. Due by Sunday.
Week 3 Learning Activity 1
The balanced scorecard (BSC) framework consists of four perspectives: (1) Financial perspective, (2) Internal business process perspective, (3) Customer perspective, and (4) Learning and growth perspective. (Wisner, Tan & Leong, 2012, p. 497) Balanced score is an effective tool that has advantages over the traditional approaches in evaluating performance of companies and organizations.
Evans, J.R., & Lindsay, W.M. (2011). Managing for quality and performance excellence (8th ed.). Mason, OH: South-Western Cengage.
Step 1: Initial response
Use a medium-sized company or organization based on your own research. If it is medium-sized, it can our current employer or one of your previous employers. But it cannot be not any of the companies or organizations specified in Assignment 1, Assignment 2, or Assignment 3.
Provide some background information about your chosen company or organization.
The strategic management depends on the current status of that chosen company (organization), what does the strategic planner or the top management of the focal company or organization plan to achieve in its strategic management?
Identify the four key metrics that you would propose for that company’s or organization’s strategic management and how you plan to measure those 4 key metrics in the business level strategy in support of the strategic management. Be specific.
Step 2: Follow-up postings
You may use one (or a combination) of the following approaches, and you are not limited to these approaches:
Comment on the strengths or merits of those key performance metrics in the posting(s) recommended by your fellow learners.
Critique the proposed performance metrics for that company, and provide your rationale.
Support your recommendations for the alternative recommendations.
Discuss what you think about the potential pitfalls (or weaknesses) of those performance metrics.
Respond to the additional question(s) posted by the instructor to the whole class.
Week 3 Learning Activity 2
Internal Factor Evaluation (IFE) Matrix, the reasons (or underlying causes) of strengths and weaknesses, and strategic action plans (or moves).
Step 1: Initial response:
Choose a company in one of the following five industries, based on your own preference:
Higher education institutions (such as private, public, or for-profit) in the USA.
Ocean container shipping companies in the USA, European countries, or Asian countries.
Book publishers in the USA, European countries, or Asian countries.
Non-profit organizations in the USA, European countries and/or Asian countries
Home electric appliance manufacturers in the USA, European countries or Asian countries
Part 1: Provide an Internal Factor Evaluation (IFE) Matrix (with specific internal factors, weights, scores, and weighted scores) by evaluating (1) a university or college, (2) an ocean container shipping company, or (3) a book publisher, (4) a non-profit organization, or (5) a home electric appliance manufacturer on its strengths and weaknesses.
Strengths (at least 3 areas of strength)
Weaknesses (at least 3 areas of weakness)
Reasons (or underlying causes)
Provide at least 2 main reasons (or underlying causes) for each strength
Provide at least 2 main reasons (or underlying causes) for each weakness
Step 2: Follow-up postings
Compare and contrast your own IFE Matrix with one of your fellow learners’ IFE Matrices within the same industry.
Comment on any major differences and/or similarities among IFE Matrices within the same industry that are posted by your fellow learners.