TABLE OF CONTENTS Introduction 1 Strategic Analysis 2 A. Internal Core Competences 2 B. Company mission and vision 3 C. Future goals 4 D. Organizational Structure 5 E. 7-S model analysis7 6 Improvements 9 Open Innovation………………………………………………………………….10 A. Organization of innovation.…………………………………………………………………11 B. Matrix Innovation…………………………………………………………………………..…..12 Reference 14 Appendices………………………….……………………………………………...15 A. Memos…….………………………………………………………………………………………..…15 B. Project A Log
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Introduction. In this assignment I am going to explain the following concepts‚ generic strategies‚ alternative directions and alternative methods. Indeed‚ I would like to support these concepts by referring my work to the automobile sector (as a continuing line provided with the Morgan´s example in class). I am going to use the example of General Motors and Ford‚ they are well known and also provide us a long struggling and interesting history. The first part of my assignment gives a theoretical
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Rishab Singhvi LEGO CASE STUDY Discussion Question: Q.1: How did the information systems and the organization design changes implemented by knudstorp align with the changes in business strategy? Advances in the field of information technology and introduction of new hi-tech form of entertainment such as tablets and gaming consoles had left Lego trailing in the entertainment field. Jorgen Vig Knudstorp was appointed as the CEO to revamp the company’s business process‚ organization structure and
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Problem Statement: As a manager of The Lego Group I think the main problem that Lego faces is maintaining its competitive advantage and growth in the complex toy industry. Lego must identify a clear expansion plan to respond to the external (business) threats such as intense competition and new product innovations‚ changes in the toy industry with mergers and acquisitions and legal battles as well as maintain efficient internal operations in terms of supply chain and logistics in order to keep up
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profitability. Equally‚ this same level of profitability depends largely on the attractiveness of the industry which is easily measured using the Porter’s 5 tools and more importantly‚ the position the firm takes within the industry to leverage on its strengths. To compete properly‚ a firm must address two fundamental questions. Should it focus on identifying a microcosm of the industry or serve the entire market? According to Michael C. Porter‚ the porter’s three (3) generic strategies are very important
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Lego Case Study 1. What business goals were set by Knudstorp? Ans. Jorgen Vig Knudstorp‚ the CEO of Lego set the following goals for the company which was performing very poorly‚ * To remain profitable while maintaining growth‚ continuous innovation and quality of the products * To reach to broader customer segment * To cut expenses in production and supply chain and making these processes more efficient 2. What business strategies were set by Knudstorp? Ans.
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Porter’s Generic Strategies Porter’s notion on “stuck in the middle” or “hole in the wall” is debatable‚ it being mutually exclusive. It might be true in some cases but not all the time. Even beyond Porter’s generic strategies‚ Toyota has been operating and already proven that it’s possible to be a low cost producer of a differentiated product. It was able to achieve leadership in North America‚ surpassing General Motors. They continuously find ways to reduce production costs and at the same optimize
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Lego case study 1. How did the information systems and the organization design changes implemented by Knudstorp align with the changes in business strategy? Ever since LEGO started experiencing double digit annual sales growth‚ (by launching new toy games‚ branded theme parks‚ entering the video game sector‚ introducing mobile applications‚ introducing toys for girls‚ etc.) they realized they needed a model that was standardized‚ modular and scalable. Hence‚ allowing them to expand to
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Provide support for mobility (HSC 2002) Outcome 1 Understand the importance of mobility 1. define mobility Mobility is defined as‚ * being able to move or be moved freely and easily * the ability to move physically * The ability to move a part of the body 2. explain how different health conditions may affect and be affected by mobility No matter an individuals age‚ level of disability or infirmity it is important that everyone maintains some level of exercise. There are a vast range
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Michael porter developed 3 generic strategies: cost leadership‚ differentiation and focus. They are developed to create a defendable position in the long-run‚ outperforming competition and establish a competitive advantage. However does the generic strategy lead to sustainable competitive strategy? This analysis will explain in detail. Cost leadership means setting out to become the low-cost producer of its industry. Each industry is different and provides with diverse problems. Cost leadership
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