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HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1 Assessment Details and Submission Guidelines Trimester T1 2019 Unit Code HI6006 Unit Title Competitive Strategy...

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HOLMES INSTITUTE

FACULTY OF
HIGHER EDUCATION


HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1
Assessment Details and Submission Guidelines

Trimester T1 2019
Unit Code HI6006
Unit Title Competitive Strategy
Assessment Type Individual Assignment
Assessment Title Essay – Key Strategy Development Tools
Purpose of the
assessment (with ULO
Mapping)
Students are required to write a Comprehensive discussion of any four of the strategy
models, with practical application to cu
ent business examples
Weight 20% of the total assessments
Total Marks 20
Word limit Not more than 1200 words
Due Date XXXXXXXXXXWeek 5
Submission
Guidelines
 All work must be submitted on Blackboard by the due date along with a completed
Assignment Cover Page.
 The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm
margins on all four sides of your page with appropriate section headings and page
numbers.
 Reference sources must be cited in the text of the report, and listed appropriately
at the end in a reference list using Harvard referencing style.






Page 2 of 3
HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1



Assignment 1 Specifications
Purpose:
This assignment aims at ensuring that students have familiarised themselves with the foundational
strategy development models and are able to relate them to cu
ent practical business examples.
.

Details
Write an essay explaining what the main strategy development tools are and how they are used in
usiness. Your essay must contain a comprehensive discussion of 4 of the following: PESTEL, Five
Forces, Resource-Based View, PROFIT, Input/Output, SWOT Analysis (you may include Cross Impact
Analysis), Generic Strategies, Ansoff, Ghemawat, with reference to academic journals and practical
examples from industry.
In this essay, sub-headings are permitted.
Be sure to use paragraphing.
Be sure to reference your sources in-text and provide a list of references at the end in Harvard
style.
Your final submission is due Friday of week 5 at midnight.
Assignment Structure

One page for your explanation of each model, including the example.
Thus 4 pages for 4 models.
Add a cover page at the front.
Add a Reference List at the end.



Page 3 of 3
HI6006 COMPETITIVE STRATEGY . ASSIGNMENT 1

Marking Ru
ic
Excellent
4
Very Good
3.5
Good
3
Satisfactory
2
Unsatisfactory
1 or 0
Strategy Model 1

4 marks
The model is
well-understood
and
comprehensively
explained
The model is
understood
and well-
explained
The model is
understood
and explained
The model is
somewhat
understood
and an
attempt has
een made to
explain it
The model
appears to be mis-
understood and
the attempt to
explain it is
inco
ect
Strategy Model 2

4 marks

The model is
well-understood
and
comprehensively
explained
The model is
understood
and well-
explained
The model is
understood
and explained
The model is
somewhat
understood
and an
attempt has
een made to
explain it
The model
appears to be mis-
understood and
the attempt to
explain it is
inco
ect
Strategy Model 3

4 marks
The model is
well-understood
and
comprehensively
explained
The model is
understood
and well-
explained
The model is
understood
and explained
The model is
somewhat
understood
and an
attempt has
een made to
explain it
The model
appears to be mis-
understood and
the attempt to
explain it is
inco
ect
Strategy Model 4

4 marks
The model is
well-understood
and
comprehensively
explained
The model is
understood
and well-
explained
The model is
understood
and explained
The model is
somewhat
understood
and an
attempt has
een made to
explain it
The model
appears to be mis-
understood and
the attempt to
explain it is
inco
ect
Academic
Referencing and
Practical Examples

4 marks
Referencing is
co
ect and
complete in all
espects.
Examples are
cu
ent, relevant,
well-applied.
Referencing is
co
ect and
complete.
Examples are
cu
ent,
elevant,
applied
Referencing is
mostly co
ect
and complete.
Examples are
mostly
cu
ent,
elevant,
applied
Referencing is
somewhat
co
ect though
possibly
incomplete.
Examples are
somewhat
cu
ent,
elevant,
applied
Referencing is not
co
ect, somewhat
incomplete.
Examples are not
cu
ent, or not
elevant, or
inco
ectly applied
Total

20 marks


Comments Mark Awarded
Answered Same Day Apr 17, 2021 HI6006

Solution

Shakeel answered on Apr 24 2021
156 Votes
SWOT Analysis
It is one of the most useful and effective framework to know the actual competitive position of an organization. Its full form is Strength, Weakness, Opportunities and Threat Analysis. SWOT analysis can be used at any stage of development and effort. It might be used to explore possibilities for new solution of any problem, finding of the best path of any initiative, change the course of business if any deviation is felt or adjust and refine the mid course of business plan to achieve its long term objective.
Strategic management is key of any successful business. It’s a continuous process of creating, implementing and evaluating the decision making process to achieve it long term objective. According to Emet and Me
a (2017), SWOT analysis helps the business to choose its appropriate strategy of achieving long term goal.
The following table shows the SWOT Analysis in 2*2 matrix –
Source: https:
canvanizer.com/new/swot-canvas
Thus, SWOT Analysis helps a business to know its strength to stiffly face its competitors, weakness to overcome any adverse situation in future, opportunity to make higher sales and profit and threat to prepare itself against any tough move by competitors.
The following table shows the SWOT analysis of Nike Inc –
    Strengths
· Global recognition
· High reputation due to high quality products
· Lean Organization
· Focus on research and development of new products
· Belong to Fortune 500 companies
· 30,000 employees worldwide
· Innovative marketing strategy
    Weaknesses
· Products are less diversified
· Poor working condition and was also charged with exploiting cheap workforces oversees.
· Also have been charged with child labo
· Difficulties in competing with cheap local market with similar products
    Opportunities
· To be a fashion
and
· To produce other high valued products like sunglasses, sportswear, jewelry etc.
· New market in Asia like India or China
    Threats
· Due to global
and, exchange rate risk arises
· Very competitive market for sport shoes
· Consumer price sensitivity
· Struggling with eco-friendly reputation
PESTLE Analysis
PESTLE is another strategic business tool that provides a framework to understand the influence on the business or any project. “PESTLE is a strategic planning tool used to evaluate the impact of political, economic, social, technological, environmental and legal factors might have on a project. It involves an organization considering the external environment before starting a project (Rastogi N & Trivedi M, 2016)”. Thus, PESTLE analysis captures all major external factors that may impact the normal course of business....
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