Preview

Organisational Strategy(Five Forces Analyses for an Industry of Your Choice)

Satisfactory Essays
Open Document
Open Document
278 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Organisational Strategy(Five Forces Analyses for an Industry of Your Choice)
Assessment Item 1

The purpose of this assignment is to provide an opportunity to utilise your skills and knowledge of strategic planning to undertake the tasks associated with the key question of where are we now in relation to the external environment and industry structure currently facing your chosen organization.

Description/Focus:

You will conduct a ‘five forces analyses’ for an industry of your choice. Based on your analysis, you need to indicate how profitable do you think the industry currently is and what are the factors driving that profitability. Also discuss how will these factor change in the future and what will be the effect of these changes on industry profitability. 40% Friday, Week 6 10 A4 Pages maximum (plus appendices) Utilise the University library, the Internet and any information made available by the organisation (e.g. annual report, promotional materials) to provide an analysis of the organisation’s current operations to develop your analysis of current operations. 1. 2. An ability to utilise sources such as the Internet and University library facilities to search, locate and summarise data relevant to the assignment An ability to utilise appropriate academic theories about analysing key variables within the external environment which have a direct impact on the organisation and macro-environmental variables that might impact current and future performance An ability to develop a review of the industry forces and industry structure confronting the organisation including identification of what key factors are most likely to impact profitability An ability to present a well written, well structured report An ability to critically analyse information, formulate conclusions and exhibit original thought.

Value: Due date: Length: Task:

Assessment criteria:

3.

4. 5.

You May Also Find These Documents Helpful

  • Good Essays

    Porter’s five forces model: explanation of each force’s impact on industry profitability, methods of reducing the impact of each force, strategic questions it answers, industry examples…

    • 505 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Key Points:  After 30 years, the Five Forces Analysis is still one of the most effective ways to assess industry structure and performance when done correctly.  As the tool’s name states, there are five forces that together illuminate industry structure: Bargaining Power of Buyers, Bargaining Power of Suppliers, Barriers to Entry, Threat of Substitute Product or Services, and Rivalry Among Existing Competitors.  A recent update to the model is the addition of Complements, goods or services that impact the demand of the products/services provided by the industry under analysis. It is considered more of a factor than a force per the model creator. Main Thoughts: Where the PESTEL analysis is a general or macro environmental analysis tool, the Five Forces model is a means to assess the micro or industry environment. Developed by strategy professor Michael Porter of Harvard Business School in the early 1970s, the Five Forces model has become one of the most widely known strategy analysis tools in use today. The tool helps users identify—through detailed examination of each force—what the underlying drivers of industry behavior and performance are.…

    • 1495 Words
    • 6 Pages
    Better Essays
  • Satisfactory Essays

    Rize Documentary

    • 528 Words
    • 3 Pages

    In doing strategic analysis, it is sometimes useful to examine the industry in terms of Porter’s five forces (however, some industry characteristics critical to formulating strategy might not be apparent from this framework).…

    • 528 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Homework

    • 348 Words
    • 3 Pages

    Prepare an analysis of the automobile manufacturing industry using Porter’s five forces framework. For each component force provide support for your conclusion. In addition, at the completion of your analysis provide a conclusion, along with support, of whether you expect the automobile industry to report high or low profitability in the near future.…

    • 348 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    This assessment task must be submitted online by the due date specified by your Trainer/Assessor and Assessment Plan for this unit of competency. Any variations to this arrangement must be approved in writing by your assessor.…

    • 1413 Words
    • 5 Pages
    Good Essays
  • Satisfactory Essays

    2. Consider your original analysis of the strategic position and strategic choices. To what extent did your assessment of the strategic position and strategic choices change or evolve over the three year period? Did key changes occur, or new information emerge, that changed your original summary and did this lead to a change in strategy?…

    • 595 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Merck: Open for Innovation ?

    • 2847 Words
    • 12 Pages

    The first one is the Threat of entry determined by entry barriers, which are obstacles…

    • 2847 Words
    • 12 Pages
    Powerful Essays
  • Better Essays

    JWI515 Week 5 Assignment 2

    • 1515 Words
    • 5 Pages

    Awareness of the five forces can help a company understand the structure of its industry and stake out a position that is more profitable and less vulnerable to attack. By understanding how the five competitive forces that shape strategy influences profitability in a particular industry, executives can develop a strategy for enhancing their company’s long-term profits (Porter, 2014).…

    • 1515 Words
    • 5 Pages
    Better Essays
  • Better Essays

    To determine the profitability of the airline industry, we will do an industry analysis using…

    • 2051 Words
    • 16 Pages
    Better Essays
  • Good Essays

    For each of the five forces, describe the industry both in general and from the firm’s perspective. Be sure to provide support for your statements and finally to make a judgment as to whether it is a strong or weak force.…

    • 862 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    The strength of each one of the five forces is a separate function of the the industry structure, but considered together affect prices, levels of investment for competitiveness, market share, potential profits, profit margins, and industry share. The key to success in an industry is to…

    • 609 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Porter’s five forces analysis was formed by Michael E. Porter in 1979 and this framework has had immense influence on industry analysis and strategy development (Davenport and Prusak, 2003). These five forces determine the competitiveness of the company and the attractiveness of the market, as a result, a well understanding of five forces may help a company get to know more about its industrial structure and find out a proper position with both high profitability and competiveness. Porter’s five forces include three forces refer to external resources, and two forces which are internal threats. Let us look at how each one of the forces relate to Woolworths Ltd.…

    • 889 Words
    • 3 Pages
    Powerful Essays
  • Good Essays

    The ultimate goal of any industry is to increase its revenue. Such is the case for the airline craft manufacturing industry as well. To the underlying structure of this aircraft manufacturing industry Five force analysis will help us indicate if firms will face strong or weak competitive forces. Let us use the five force framework to help identify the key structural features of industries that determine the strength of the competitive forces and hence industry profitability.…

    • 832 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    aeroplame

    • 1218 Words
    • 5 Pages

    Chapter 7 Competitive Positioning Ch7. Competitive Positioning • • • • • • • • Short Description Background Strategic Rationale & Implications Strengths & Advantages Weaknesses & Limitations Process for Applying Technique Summary FAROUT FT Press 2007. All Rights Reserved. Business and Competitive Analysis. By C. Fleisher & B. Bensoussan.…

    • 1218 Words
    • 5 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Assignment questions

    • 283 Words
    • 1 Page

    Your task is to undertake strategic planning for your own organisation or for an organisation you are familiar with in your country or region.…

    • 283 Words
    • 1 Page
    Satisfactory Essays