MGMT672 Strategic Management

MGMT672 Strategic Management

Free Samples

MGMT672 Strategic Management

.cms-body-content table{width:100%!important;} #subhidecontent{ position: relative;
overflow-x: auto;
width: 100%;}

MGMT672 Strategic Management

0 Download7 Pages / 1,648 Words

Course Code: MGMT672
University: Singapore Management University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Singapore

Question:
Excluding references and appendix.  In this report, you are required to perform the following tasks:
 
1.Describe briefly the background information (strategic context) of the organisation (G8 Education). This information should be brief and relevant to the discussion of your assignment and thus may include ownership, history, size, business scope, major products/services, and major markets, and financial performance of the organization selected.
 
2.Conduct a macro-environment analysis (focusing on Australia only in this assignment) for the entire industry within which the organisation operates. You should use the analytical framework provided in the textbook. Foci will be placed on the understanding of the purpose of this analysis, the identification of key factors and their implications in terms of key opportunities and threats, and the discussion of their overall impact on the industry growth in the future. Draw your conclusion based on your macro-environment analysis.
 
3.Undertake an industry (competitive) analysis using Porter’s 5-forces model. You are required to pay attention to the purpose of this analysis, the inter-connectedness of different aspects of the competitive forces, the links between the competitive forces and macro-environment, and their overall impact on the industry and the organization selected in terms of main driving forces in the competitive environment.  Draw your conclusions based on your five-force analyses.
Answer:

Introduction
Any organization which wants to ensure strategic success will have to ensure that it takes into consideration all the essential factors in order to ensure that the business is ready for the complex nature and dynamic components of the business environment (Hill, Jones & Schilling, 2014).  For this purpose, it often becomes very important for the business to undertake a strategic analysis based on which they can make plans for the future (Annual Reports – G8 Education., 2018). The primary purpose of the given report is to undertake a strategic analysis for the company G8 Education Limited for its operations in Australia. The company is involved in education and care services and has a considerably large market share. The report will be analyzing the macro environment using tools like PESTLE and SWOT analysis, which will then be followed by the analysis of the industry using the Porters Five Forces.
About the company: G8 Education 
The G8 Education Limited is the largest child care and educations operations in Australia which is listed under the ASX which is the Australian Stock Exchange. The company is listed under the name (ASX: GEM). The mission of the company is very simple and is primarily based on providing high quality and developmental educational care services to the children in Australia. The company aims to achieve this growth and quality through the four pillars of sustainability and growth (Annual Reports – G8 Education., 2018). The company was found in the year 2006 and was developed by a team of professionals who wanted to make their firm one of the biggest companies in Australia. The company had analyzed the governmental regulations and thus the concept of the company came as a response to that. The company floated in the year 2007 with the name Early Learning Services Limited. In the year 2010, the company merged with the Pace Child care and there the company became G8 Educations Limited (Home – G8 Education., 2018).
The company is set apart from other companies in the similar industry with its community efforts in investment in educational resources along with qualified educators.  Although the operations of the company are going well, the company currently lost a whooping amount of $458 million after it issued another cut to the earning forecast of the organization.
External environmental analysis: PESTLE Analysis
The PESTLE Analysis can be described as a useful tool which can be used by the organizations to analyze their external environment and be able to easily ensure that all factors are considered effectively in order to formulate strategies in the long run (Team, 2013). The PESTLE Analysis is an acronym for the Political, Economic, Socio-cultural, Technological, Legal and Environment.
Political factors
The Australian markets are considered to be one of the most crucial markets in the globe because of various aspects which include a growing economy, a stable business and political environment, well-educated and skilled multi lingual workforce and a competitive cost base. The presence of these factors makes the country very competitive and suitable for innovation and technology.
Economic factors
The capital growth in Australia has been comparatively good and hence, the income of the residents have been considerably high (Vogel & Güttel, 2013). The cities in Australia have been growing considerably and as the population grows, the income also remains high and the demand for the consumer goods and
lifestyle products also increases. The country is open to various pure investment strategies which enable the businesses to flock towards the country. The cost of living in Perth, Brisbane, Adelaide and Melbourne are considerably less but the services are good which makes the county good in terms of quality of life. The economy of Australia is very stable in nature and has a high GDP.
Social factors
The social trends can have a critical impact on the demand and supply of the place and the population of Australia mostly comprises of the working population, the middle class and the upper class (Wheelen et al., 2017). As the number of expatriates in the country have been increasing, the family population of the country has increased and thereby a business dealing in education and care would perform considerably well due to working cycle of the parents and the help they need with their children.
Technological factors
The technologies have been paving way for new products and newer processes. The technology used can not only bring benefit to the organization but also the customers.  The technology has also lead to an advancement in the educational industry with digital learning and online communication with the parents of the students has become a common method (Home – G8 Education., 2018).
Environmental factors:
The country is very strict with respect to the Environmental factors as well and the country has been supporting the environmental friendly products as it creates business opportunities and affects business and demand patterns in general as well (Zott & Amit, 2013). The water quality available in Australia is a concern and needs to be well considered when beginning a business with respect to a service like day care and education.
Legal factors
The legal environment is surrounded by various policies and legislatives which make the business conduct quite complex in nature (Stead & Stead, 2013).  The child care and education business in Australia, is bound by various rules and legislatives which can make the business very difficult and thus G8 needs to ensure that it abides by all these rules in order to ensure successful operations.
Opportunities and Threats Identified
The Opportunities identified from the given Pestle Analysis has been given as follows:
Opportunities
Educating the staff about the use of technology.
As the environmental friendly goods have become increasingly popular, the organization can engage in the use of environmental friendly goods and materials with respect to its day care business.
Threats
As the industry is a booming one in Australia, the competition faced by the business is very high. Hence, other companies with prior experience may want to enter the business making it difficult for the firm to survive for long (Williamson et al., 2013).
Industrial environment analysis: Porters Five Forces Analysis
The Porters Five Forces Analysis can be described as a useful tool which can be used to analyze the internal environment of the organization. The Porters Five forces analysis of the education and care industry in Australia has been given as follows:
Competitive Rivalry
The rivalry in the industry is very high due to the presence of different competitors. Although there are various local companies also present, the larger companies operate on a higher level (Slack, 2015). These companies possess a competitive advantage in administration and advertising. Companies like Earlville have been giving a tough competition to G8.
Threat of Substitute Products
The substitute institutes of the G8 are the churches, nonprofit organizations and the employer sponsored child care and education facilities. Personal babysitters, private tutors and stay at home parents are some other substitutes, for the kind of service G8 provides.
Threat of New Entrants
The threat of new entrants in the industry is very high as although the legislative requirements are strict, the cost of entering industry is quite low. Moreover, the state has been supportive of education and kindergarten programs which hurts enrollment in larger enterprises like G8.
Bargaining Power of Customers
The customers in case of the education and child care sectors have considerably higher power. This is because the customers have various options within the industry, which are reliable and can be accessed easily. The customers generally get attracted to the company providing cheaper sources.
Bargaining Power of Suppliers
The suppliers have a high bargaining power as well because they tend to provide a greater value without any priced reduction (Rothaermel, 2015).  Although there are various substitutes present, the price cannot be put to value and hence, as the customers want the best for their child, they would not like to bargain on the price much.
Strengths and weaknesses identified
The strengths of G8 are as follows:

Quality services with low substitute chances

The weakness is as follows:

Increased private competition (Lasserre, 2017). 
Increased prices

Conclusion
Therefore, from the given analysis of the external environment of the G8 Education using the Pestle Analysis it can be stated that the organization has been facing complex external factors. Technology, legislative rules and the political factors are certain components which need to be adequately considered in order to ensure that the business faces less difficulties to operate the company. Moreover, when the industrial environment was analyzed, using the Porters Five Forces, it could be examined that the company faces the threat from competition with respect to the private companies and hence, it needs to consider that its services match their standards.
References
Annual Reports – G8 Education. (2018). Retrieved from https://g8education.edu.au/investor-information/annual-reports/
Hill, C.W., Jones, G.R. & Schilling, M.A. (2014). Strategic management: theory: an integrated approach. Cengage Learning.
Home – G8 Education. (2018). Retrieved from https://g8education.edu.au/
Hubbard, G., Rice, J. & Galvin, P. (2014). Strategic management. Pearson Australia.
Lasserre, P. (2017). Global strategic management. Palgrave.
Rothaermel, F.T. (2015). Strategic management. McGraw-Hill Education.
Slack, N. (2015). Operations strategy. John Wiley & Sons, Ltd.
Stead, J.G. & Stead, W.E.  (2013). Sustainable strategic management. ME Sharpe.
Team, F.M.E. (2013). PESTLE Analysis. Strategy Skills. Free management eBooks, p.15.
Vogel, R. & Güttel, W.H. (2013). The dynamic capability view in strategic management: A bibliometric review. International Journal of Management Reviews, 15(4), pp.426-446.
Wheelen, T.L., Hunger, J.D., Hoffman, A.N. & Bamford, C.E. (2017). Strategic management and business policy. Pearson.
Williamson, D., Cooke, P., Jenkins, W. & Moreton, K.M. (2013). Strategic management and business analysis. Routledge.
Zott, C. & Amit, R. (2013). The business model: A theoretically anchored robust construct for strategic analysis. Strategic Organization, 11(4), pp.403-411.

Free Membership to World’s Largest Sample Bank

To View this & another 50000+ free samples. Please put
your valid email id.

E-mail

Yes, alert me for offers and important updates

Submit 

Download Sample Now

Earn back the money you have spent on the downloaded sample by uploading a unique assignment/study material/research material you have. After we assess the authenticity of the uploaded content, you will get 100% money back in your wallet within 7 days.

UploadUnique Document

DocumentUnder Evaluation

Get Moneyinto Your Wallet

Total 7 pages

PAY 4 USD TO DOWNLOAD

*The content must not be available online or in our existing Database to qualify as
unique.

Cite This Work
To export a reference to this article please select a referencing stye below:

APA
MLA
Harvard
OSCOLA
Vancouver

My Assignment Help. (2021). Strategic Management. Retrieved from https://myassignmenthelp.com/free-samples/mgmt672-strategic-management/dynamic-capability.html.

“Strategic Management.” My Assignment Help, 2021, https://myassignmenthelp.com/free-samples/mgmt672-strategic-management/dynamic-capability.html.

My Assignment Help (2021) Strategic Management [Online]. Available from: https://myassignmenthelp.com/free-samples/mgmt672-strategic-management/dynamic-capability.html[Accessed 18 December 2021].

My Assignment Help. ‘Strategic Management’ (My Assignment Help, 2021) accessed 18 December 2021.

My Assignment Help. Strategic Management [Internet]. My Assignment Help. 2021 [cited 18 December 2021]. Available from: https://myassignmenthelp.com/free-samples/mgmt672-strategic-management/dynamic-capability.html.

×
.close{position: absolute;right: 5px;z-index: 999;opacity: 1;color: #ff8b00;}

×

Thank you for your interest
The respective sample has been mail to your register email id

×

CONGRATS!
$20 Credited
successfully in your wallet.
* $5 to be used on order value more than $50. Valid for
only 1
month.

Account created successfully!
We have sent login details on your registered email.

User:

Password:

Are you on a tight budget yet requiring immediate assistance? Look no further as MyAssignmenthelp.com provides the top quality essay at an economical price. The website is the perfect answer to your query ‘who will write essays for money?’ If you pay for essay writing, you would want your money’s worth. Our writers use plagiarism software to help to provide 100% original content. Moreover, MyAssignmnethelp.com makes sure that students are satisfied with the quality through unlimited revision provision. Proofreading services are provided to make sure the assignment is devoid of grammatical errors and anomalies.

Latest Management Samples

div#loaddata .card img {max-width: 100%;
}

MPM755 Building Success In Commerce
Download :
0 | Pages :
9

Course Code: MPM755
University: Deakin University

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answers:
Introduction
The process of developing a successful business entity requires a multidimensional analysis of several factors that relate to the internal and external environment in commerce. The areas covered in this current unit are essential in transforming the business perspective regarding the key commerce factors such as ethics, technology, culture, entrepreneurship, leadership, culture, and globalization (Nzelibe, 1996; Barza, 2…
Read
More

SNM660 Evidence Based Practice
Download :
0 | Pages :
8

Course Code: SNM660
University: The University Of Sheffield

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answers:
Critical reflection on the objective, design, methodology and outcome of the research undertaken Assessment-I
Smoking and tobacco addiction is one of the few among the most basic general restorative issues, particularly to developed nations such as the UK. It has been represented that among all risk segments smoking is the fourth driving purpose behind infections and other several ailments like asthma, breathing and problems in the l…
Read
More
Tags:
Australia Maidstone Management Business management with marketing University of New South Wales Masters in Business Administration 

BSBHRM513 Manage Workforce Planning
Download :
0 | Pages :
20

Course Code: BSBHRM513
University: Tafe NSW

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Task 1
1.0 Data on staff turnover and demographics
That includes the staffing information of JKL industries for the fiscal year of 2014-15, it can be said that the company is having problems related to employee turnover. For the role of Senior Manager in Sydney, the organization needs 4 managers; however, one manager is exiting. It will make one empty position which might hurt the decision making process. On the other hand, In Brisba…
Read
More

MKT2031 Issues In Small Business And Entrepreneurship
Download :
0 | Pages :
5

Course Code: MKT2031
University: University Of Northampton

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: United Kingdom

Answer:
Entrepreneurial ventures
Entrepreneurship is the capacity and willingness to develop, manage, and put in order operations of any business venture with an intention to make profits despite the risks that may be involved in such venture. Small and large businesses have a vital role to play in the overall performance of the economy. It is, therefore, necessary to consider the difference between entrepreneurial ventures, individual, and c…
Read
More
Tags:
Turkey Istanbul Management University of Employee Masters in Business Administration 

MN506 System Management
Download :
0 | Pages :
7

Course Code: MN506
University: Melbourne Institute Of Technology

MyAssignmentHelp.com is not sponsored or endorsed by this college or university

Country: Australia

Answer:
Introduction
An operating system (OS) is defined as a system software that is installed in the systems for the management of the hardware along with the other software resources. Every computer system and mobile device requires an operating system for functioning and execution of operations. There is a great use of mobile devices such as tablets and Smartphones that has increased. One of the widely used and implemented operating syste…
Read
More
Tags:
Australia Cheltenham Computer Science Litigation and Dispute Management University of New South Wales Information Technology 

Next

Our Essay Writing Service Features

Qualified Writers
Looming deadline? Get your paper done in 6 hours or less. Message via chat and we'll get onto it.
Anonymity
We care about the privacy of our clients and will never share your personal information with any third parties or persons.
Free Turnitin Report
A plagiarism report from Turnitin can be attached to your order to ensure your paper's originality.
Safe Payments
The further the deadline or the more pages you order, the lower the price! Affordability is in our DNA.
No Hidden Charges
We offer the lowest prices per page in the industry, with an average of $7 per page
24/7/365 Support
You can contact us any time of day and night with any questions; we'll always be happy to help you out.
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$15.99 Plagiarism report
$3.99 Outline
$21.99 Unlimited Revisions
Get all these features for $65.77 FREE
Do My Paper

Frequently Asked Questions About Our Essay Writing Service

Academic Paper Writing Service

Our essay writers will gladly help you with:

Essay
Business Plan
Presentation or Speech
Admission Essay
Case Study
Reflective Writing
Annotated Bibliography
Creative Writing
Report
Term Paper
Article Review
Critical Thinking / Review
Research Paper
Thesis / Dissertation
Book / Movie Review
Book Reviews
Literature Review
Research Proposal
Editing and proofreading
Other
Find Your Writer

Latest Feedback From Our Customers

Customer ID:  # 678224
Research Paper
Highly knowledgeable expert, reasonable price. Great at explaining hard concerts!
Writer: Raymond B.
08/10/2021
Customer ID: # 619634
Essay (any type)
Helped me with bear and bull markets right before my exam! Fast teacher. Would work with Grace again.
Writer: Lilian G.
08/10/2021
Customer ID: # 519731
Research Paper
If you are scanning reviews trying to find a great tutoring service, then scan no more. This service elite!
Writer: Grace P.
08/10/2021
Customer ID: #499222
Essay (any type)
This writer is great, finished very fast and the essay was perfect. Writer goes out of her way to meet your assignment needs!
Writer: Amanda B.
08/10/2021
Place an Order

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
×

Powered by essayworldwide.com

× WhatsApp Us