Strategic Management and Lg Electronics

Topics: Strategic management, Strategy, Vertical integration Pages: 2 (271 words) Published: December 25, 2012
I. LO.3 Understand approaches to strategy evaluation and selection 1.
2.
* Analyse possible alternative strategies relating to substantive growth, limited growth or retrenchment of LG Electronics (3.1) 3.1.1. Limited growth
* Do nothing
* Market penetration : Four objective
* Maintain/increase
* Secure dominance of growth market
* Restructure a mature market by driving out competitor
* Increase usage by existing customers
* Product development
* Advantages
* Drawback: risk and expenses
* Retrenchment- divestment
* Reason for exit
* Exit barriers for divestment
3.1.2. Substantive growth
* Related diversification
* Horizontal integration
* Vertical integration
* Advantages
* Disadvantages
* Unrelated diversification
3.1.1. Divestment strategy
* Based on the above analysis, Select an appropriate future strategy for LG Electronics (3.2) Choose one of these Strategic, analyses why does it suitable with LGE company, It include Suitability, Feasibility, Acceptably to stakeholders

* Compare the roles and responsibilities for strategy implementation (4.1) 4.1.1 Definition
* Role
* Responsibility
* Implementation of plan: 3 task
* Document the responsibilities of divisions, department and individual manager * Prepare responsibility charts for manager at divisional, department and subordinate levels * Prepare activity schedules for manager at divisional, department and subordinate levels

4.1.2 Responsibility chart
4.1.3 Management by objectives
* Evaluate resource requirements to implement a new strategy for LG Electronics (4.2) 4.2.1 Definition
4.2.2 Resource planning
* Step 1: resource identification
* Step 2: fit with existing resources
* Step 3: Fit between required resources
4.2.3 Type of...
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