For this assignment, you will use the company and management strategy you analysed in your first assignment. Next, you will source data and/or information to forecast and make recommendations to meet business objectives. For your report, you will complete four sections.
1. Introduction and Data Approach
a. Organisation or Company Overview
i. Provide a brief overview of your organization and a short summary of an opportunity or problem it is facing from a strategic management perspective.
b. Sourcing Data
i. In this section, identify what data and forecasting approach you will use to take advantage of the opportunity or solve the problem you described in section 1.
ii. Describe what methods for forecasting and sourcing data will be used to project or estimate future performance. What listening process are being following (if any)?
iii. Outline all relevant and insightful data and information you will use to analyse your organization. Data should be gathered from more than one source.
iv. Summarise the internal and external controllable and uncontrollable factors.
v. Explain your rationale for selecting this data. What techniques did you use? How did you organize this? How will this data guide your forecasting planning?
2. Future Forecasting Methods
a. Perform a forecast using the data you have outlined and extrapolated. Ideally, you have selected some data sources giving insight to the overall health and performance of your organisation.
b. Summarise your forecasted metrics and findings. This will be used to support your strategic proposal in the next section.
3. Strategic Development
a. In section 3, you will outline a specific business strategy for your organization or create your own business strategy based on the forecasting. Make sure you focus on one of these approaches and justify the data and forecasts you developed in the previous section. This rationale is key to explaining and selling your strategy.
i. Strategic Vision (including goals and mission);
ii. Generic or Top-Line Strategy;
iii. Competitive Strategy; or
iv. Vertical Integration and/or Diversification Strategies
4. Conclusion & Reflections
a. Reflect on your proposed strategy. Feel free to be critical here in your final conclusions. Is your strategy perfect? Is anyone likely to imitate or copy you? How will this change your strategic approach? What does this knowledge mean for management, decision making and more widely strategic design and development?
SUGGESTED STRUCTURE
Title Page
Contents Page
Section 1: Introduction & Data Approach
Section 2: Future Forecasting Methods
Section 3: Strategic Development
Section 4: Conclusion & Reflections
Reference page (listed in alphabetical order)
Appendix (if required)
Required to use between 15 to 20 references. This should include recent news articles, annual reports, and financial statements. Please use Harvard referencing style.
Written in a formal style in the third person using Times New Roman or Arial font 12 with at least 2.5 cm space at each edge, double spaced and page numbers entered. The report should be in business format, with a clear title page with course and name or ID number, a contents page, executive summary, introduction (section 1), main findings (sections 2,3, and 4), conclusions, recommendations, references and any appendix items.
Please follow task description already attached !!!!
I will attach my first assignment !!!!
Please no more than 2000 words !!!
Requirements: 2000
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