In this section you should explain in detail your strategic recommendation for your client. The recommendation should explicitly address one or more of the problems/possibilities addressed in the previous section. The recommendation should also be supported by your analyses. For instance, if you are recommending that the firm acquire a key competitor to gain exclusive access to key intellectual property and human capital, a couple things should probably appear in your analyses:The competitor and its enviable resources should probably appear in the external analysis in some form.The internal analysis should probably reveal that the client lacks these resources, needs them, and cannot easily obtain them. A common mistake that students make is to put a lot of effort into their external and internal analyses, and then ignoring what these analyses indicate when formulating a strategy to recommend. The point of conducting these analyses is both to better understand the problems/possibilities faced by the firm and to help identify viable strategies for resolving them. Let your analyses do the hard work for you, how can the firm leverage its strengths or address its weaknesses to enable it to take advantage of opportunities and avoid/mitigate threats? Constructing a TOWS matrix is helpful in doing this, but you should not include the TOWS matrix itself in your report. In addition to describing the proposed strategy, you should consider the strengths and weaknesses of the strategy. Every strategy has vulnerabilities, what is yours? Just like in an interview, you should not identify “un-weaknesses” (e.g., I work too hard and care too much). What are the legitimate weaknesses of the strategy? Consider also what the firm could do to avoid/mitigate the effect of these weaknesses. Finally, since the overarching goal of strategy is to help our firm outperform other firms, discuss the implications of the firm with respect to their pursuit of a competitive advantage. Would adopting this proposed strategy create new competitive advantages? Would it reinforce existing competitive advantages? If so, in what way? The best recommendations are legal, feasible, sustainable, profitable, creative, integrates well with their existing strategy (except to the extent that this changes their existing strategy), and is clearly suggested by the analyses you conducted.
The post . What are the legitimate weaknesses of the strategy? Consider also what the firm could do to avoid/mitigate the effect of these weaknesses. Finally, since the overarching goal of strategy is to help our firm outperform other firms, discuss the implications of the firm with respect to their pursuit of a competitive advantage. Would adopting this proposed strategy create new competitive advantages? Would it reinforce existing competitive advantages? appeared first on Homeworkaider.
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