DDBA/8161 Week 3 Discussion Getting the Most Out of a SWOT Analysis
To prepare for this Discussion, select a strategy
practice case from Dyer, Godfrey, Jensen, and Bryce (2016) presented in the
week’s Required Readings, and consider how SWOT data can be effectively used
within strategic planning initiatives to gain or maintain a competitive
advantage for this specific organization. Be sure the case you select provides
an exhaustive overview of the organization’s business climate for strategy.
Post an assessment of the value of SWOT analysis as
a contextual strategic planning tool. Your assessment should include the
following:
·
A brief description of your chosen case,
including industry and relevant background information
·
An explanation of which parts of a SWOT
analysis could provide the greatest value from a strategic planning
perspective, including specific examples from your chosen case
·
An analysis of how SWOT data could be
used to increase this organization’s competitive advantage
·
An analysis of how the SWOT data could
be used to increase innovation within this organization
DDBA/8161
Week 3 Market Selection & Five Forces Strategy Tool
Assignment: Market
Selection & Five Forces Strategy Tool
To prepare for this Assignment, review “Nokia
and the Smartphone Industry” on page 22 of Dyer, Godfrey, Jensen, and Bryce
(2016), and complete a personal version of the Rivalry Strategy Tool provided
on page 41 of the text. Be sure to consider the potential impact of the Five
Forces as a tool for shaping industry competition and strategy development.
Submit a 3- to 5-page
analysis of the influence of market selection in business strategy development.
Your analysis should address the following:
·
What
is the intensity of rivalry—high, medium, or low—within the smartphone
manufacturing industry? Explain your answer using the Rivalry Strategy Tool.
·
What
is the intensity of supplier power—high, medium, or low—within the smartphone
industry? Explain your answer using the Rivalry Strategy Tool.
·
What
is the importance of correctly identifying and choosing a firm’s industries and
markets? Justify your answer with at least one example.
·
How
does accounting for gaining and sustaining competitive advantage impact the
success of business strategy development? Explain.
