9001SMGT Strategic Management
9001SMGT Strategic Management
AQF Level 9
[Student name]
[Student number]
[Term and Year]
Assessment 1 Review of theories and frameworks
[insert title including name of organisation here]
Word count: [.. insert word count here ..]
Executive summary
[The executive summary gives your reader an overview of the report. Before going through the entire report, readers first want to see the summary. In fact, in many busy business situations, decisions are sometimes made solely based on the executive summary, particularly if it is persuasive. Your executive summary should include what you did, how you did it (Background), why you did it (Purpose), what your main findings were, and what your key recommendations are (Results). Although the executive summary appears at the beginning of the document, it should be written after completing the assessment. An executive summary always appears on a separate page. It does not have any subheadings and should not include in-text citations (references). An executive summary in an assessment report is usually one or two paragraphs in length and typically should not be more than 250 words. An executive summary of a project can be longer but should never be more than a page in length. The executive summary is not included in the word count. ]
Table of contents
[On a separate page. You can update the ToC by right-clicking on the ToC and selecting Update field}
TOC o "1-3" h z u Executive summary PAGEREF _Toc129448888 h 11Introduction PAGEREF _Toc129448889 h 32Organisation and industry context PAGEREF _Toc129448890 h 33Strategic vision, mission, values and objectives PAGEREF _Toc129448891 h 34Porters Five Forces framework PAGEREF _Toc129448892 h 35VRIN (or VRIO) test PAGEREF _Toc129448893 h 36SWOT Analysis PAGEREF _Toc129448894 h 37Critical strategic issues PAGEREF _Toc129448895 h 48Conclusion PAGEREF _Toc129448896 h 4References PAGEREF _Toc129448897 h 5Appendix 1 PAGEREF _Toc129448898 h 6
Introduction[The introduction explains to your reader what you are going to tell them in the body of your assessment. The first paragraph of your introduction briefly gives the background to the assessment and explains the circumstances which give rise to the need for a report. Your second paragraph should state the aim, purpose or objective of the assessment, and the scope of your report. It should mention any limitations and should present a very brief summary of the sections. The introduction in an assessment report should not take more than about half a page. (~100 words).]Organisation and industry context [In this section, briefly describe your organisation and industry context ( ~100 words).]Strategic vision, mission, values and objectives [Evaluate the alignment of the vision, mission and values statements against the existing strategic objectives of your organisation. Discuss the implications and make recommendations on how they can be improved. Divide your discussion into logical subsections. To insert subheadings into the Table of Contents in Microsoft Word, highlight the subheading, go to References, then Add Text, Level 2. (~400 words). ]
Porters Five Forces framework[Applying Porter's Five Forces framework, assess the organisation's industry and competitive environment. Divide your discussion into logical subsections. (~400 words).]
VRIN (or VRIO) test[Apply the VRIN (or VRIO) framework to assess the organisation's resources, capabilities, and competitiveness. Present your VRIN (or VRIO) analysis in a table and discuss the key points. Divide your discussion into logical subsections. (~300 words).]
SWOT Analysis[Perform a SWOT analysis to identify the organisation's strengths, business opportunities, threats and competitive deficiencies (weaknesses). Divide your discussion into logical subsections. (~300 words).]
Critical strategic issues[Using the insights from your analysis, identify and explain the critical strategic issues and priorities the organisation needs to address to be competitive (~300 words).]
Conclusion[The conclusion should summarise and tie together the whole of the assessment without introducing new material. A final sentence of the report could be used to demonstrate that the purpose of the assessment task (stated in the introduction section) has been achieved (~100 words).]
References
[On a separate page, a complete listing of all the references you have cited, assembled in alphabetical order by author surname, must be provided. See the AIB Style Guide for format. This section is excluded from the word count.]
Appendix 1
[Each appendix is presented on a separate pageAppendix 1: [title] This section is excluded from the word count.]
If you have used internal (not publicly available) secondary data sources, include a signed Organisational Consent as an appendix.
Assignment 1
Summary
Write a 2000-word report analysing and evaluating an organisation's competitive situation and identifying a list of strategic issues and priorities that need management attention.
Referencing is Australian Harvard (AGPS) and outlined in the HYPERLINK "https://learning.aib.edu.au/mod/resource/view.php?id=87756" t "https://mail.google.com/mail/u/1/" l "inbox/_blank" AIB Style Guide.
Note: Insert this summary description in Smarthinking. HYPERLINK "https://learning.aib.edu.au/mod/lti/view.php?id=124223" t "https://mail.google.com/mail/u/1/" l "inbox/_blank" Submit your assessment for writing feedback from Smarthinking.
From < HYPERLINK "https://learning.aib.edu.au/mod/page/view.php?id=124211" t "https://mail.google.com/mail/u/1/" l "inbox/_blank" https://learning.aib.edu.au/mod/page/view.php?id=124211>
Subject learning outcomes
Demonstrate advanced understanding of contemporary strategic management theory, concepts and principles (LO#1).
Demonstrate advanced knowledge of how strategy formulation and strategy implementation processes work in contemporary organisations (LO#2).
Demonstrate ability to synthesise a range of business and management concepts when undertaking strategic analysis (LO#5).
Task
For Assessment 1, take the role of an executive. Analyse and evaluate an organisation's competitive situation and identify a list of strategic issues and priorities that need attention.
The assessment can be based on your current or previous workplace, or any other organisation from the service, not-for-profit, public, manufacturing, or any other industry or sector that you are familiar with.
Procedure
Your report needs to address the following requirements:
Introduce the report (~100 words).
Briefly describe your organisation and industry context (~100 words).
Evaluate the alignment of the vision, mission and values statements against the existing strategic objectives of your organisation. Discuss the implications and make recommendations on how they can be improved (~400 words).Note: If your selected organisation does not presently have vision, mission and/or values statements, develop those statements for the organisation and discuss their appropriateness against relevant principles. Similarly, if the selected organisation does not have any strategic objectives, develop three strategic objectives that would be implied throughout the organisation's day-to-day business.
Applying Porter's Five Forces framework, assess the organisation's industry and competitive environment (~400 words).
Apply the VRIN (or VRIO) framework to assess the organisation's resources, capabilities, and competitiveness. Present your VRIN (or VRIO) analysis in a table and discuss the key points (~300 words).
Perform a SWOT analysis to identify the organisation's strengths, business opportunities, threats and competitive deficiencies (weaknesses) (~300 words).
Using the insights from your analysis, identify and explain the critical strategic issues that are priorities the organisation needs to address to be competitive (~300 words).
Conclude the report (~100 words).
Note: Allwritten assessmentsshould be submitted asWord files (.docx)(Word is available from your AIB HYPERLINK "https://www.office.com/?auth=2&home=1" t "https://mail.google.com/mail/u/1/" l "inbox/_blank" Office 365account).
The required word length for this assessment is 2000 words (+10% tolerance)
In terms of structure, presentation and style you are required to use:
AIB standard report format - HYPERLINK "https://learning.aib.edu.au/mod/resource/view.php?id=124734" t "https://mail.google.com/mail/u/1/" l "inbox/_blank" 9001SMGT Assessment 1 template
AIB preferred Microsoft Word settings - see the AIB Style Guide
This assessment requires you to use a minimum offour (4)credible academic sources in addition to your textbook. You may also use current company, industry, government and media sources to support your statements, but these will NOT count toward the minimum required credible academic sources for your assessment. Most web-based sources are not sufficiently rigorous and credible for use in academic assessments and will NOT count toward the minimum required credible academic sources for your assessment. For further guidance, refer to HYPERLINK "https://learning.aib.edu.au/mod/glossary/showentry.php?eid=390&displayformat=dictionary" t "https://mail.google.com/mail/u/1/" l "inbox/_blank" Scholarly, academic & peer-reviewed journals.
You must appropriately acknowledge all sources of information in your assessment with the AIB Harvard author-date style of referencing see the HYPERLINK "https://learning.aib.edu.au/mod/resource/view.php?id=87756" t "https://mail.google.com/mail/u/1/" l "inbox/_blank" AIB Style Guideand HYPERLINK "https://www.aib.edu.au/policies-and-procedures/" t "https://mail.google.com/mail/u/1/" l "inbox/_blank" Assessment Policy.
The title page, executive summary, table of contents, reference list and appendix are not included in the word count.
