Task 9

In your own words and using  referenced  quotes describe what is meant  in strategy by the resource  based view. 
     A  management  device  used to assess  the available amount of a business  strategic assets. in other words, the resource  based  view  is based  on the idea that the  effective and efficient application of all useful resources  that the  company  can muster helps determine its competitive advantage.

How might  you undertake  the 'Internal Strategic Analysis?  What  models would you apply and why?  where would you go to find the information you need?

 Internal Strategic Analysis refers to the analysis of internal factors, analyzing an organisation's internal environment so as to determine one's weak and strong points and the ways to improve them. It is one of the important factors for any organisation.  In  other words it is a review of an organizations strength and weaknesses that focuses o n those factors  with its domain. There are several models which can be used to undertake internal strategic analysis such as:

• Resource based view
• Value chain analysis
• SWOT analysis
• TOWS analysis
• McKinsey 7 S model 

The  model  that I would apply to undertake 'Internal  Strategic Analysis'   is SWOT Analysis. SWOT stands for Strength, Weakness, Opportunities and  Threats. It  basically means a situation analysis in which internal strength and weaknesses of an organization,  and external opportunities and threats faced by it are closely examined to chart a strategy.  SWOT analysis  is the most famous  and easy internal analysis. 

It is  a straight forward model that assesses what an organization can and cannot do as well as  its potential opportunities and threats. SWOT Analysis  determines what may assist the firm in accomplishing its objectives and what obstacles must be overcome or minimized  to achieve the desired results. 

Talk about your group  video work. How  is it going so far? Do you have a plan? What are you most worried about at the moment?  What is going well?

The group  video work is going  on pretty smoothly, we are having fun working in a group. The research work is almost complete, and  we are planning on how to portray or research  work in  the video. Likewise how to display our self in the video. We have a very good team and we are working equally hard to come  up with the best result we can. I am worried about our presentation skills will  our team be able to live up to the expectation of our lecturer.  

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Task 7 Big mart

Task 7: PESTLE analysis of Big Mart

1. EXTERNAL ANALYSIS:
It is the analysis or examine of external environment of any organisation. External analysis basically helps an organisation to recognize its existing threats and opportunities in the external environment. An organisation does it's external analysis so as to know how much threats it has from the external environment and then act upon it accordingly. This analysis helps an organisation to work on it's weaknesses that may affect on it's set goals.

2. PURPOSE OF PESTLE ANALYSIS:

PESTLE analysis being one of the external analysis refers to Political, Economical, Social, Technological, Legal and Environmental factors affecting any business. This analysis is the in-dept external analysis of any business firm. PESTLE analysis of any organisation differs according to its geographical allocation. Its main purpose is to analyse in detail the six external factors that may affect the business and accordingly plan and organize the lacking factors so as to achieve success.



PESTLE ANALYSIS OF BIG MART SUPER MARKET:

  BIG MART SUPERMARKET, KATHMANDU, NEPAL     

• 1st Big mart store was launched on 10th July, 2009 in the finest mall of Nepal, City Center, Kamalpokhari, Kathmandu.
• Covers an area of 11,000 sq.ft.
• 1st in Nepal to provide the Value and Savings concept to its shoppers.

POLITICAL FACTOR: 

Big mart being an established supermarket in Nepal, is affected by the political factor immensely in the present context. Nepal's unstable political conditions resulting in bands, strikes and many other problems influence big mart's operations.The bands and strikes stops the supply of goods and products which in turn results in scarcity of products in the supermarket. In the worst case, the supermarket also have to remain closed in those bands. Let me take an example of the worst political instability occurred in Nepal in the year 2006, when all of the Nepal was shutdown or in a way closed for a whole 19 days: no schools, no businesses, this directly affected the operation of any businesses as a whole. Thus, this is one of the important factor for Big mart to consider.

ECONOMICAL FACTOR:

Big mart being able to establish itself as a brand in the town in a short time period has been able to generate economy without a doubt. However, to maintain it's economy, big mart should fluctuate it's pricing policy as per the economy cycle of the country and as a whole the world's economy.


SOCIAL FACTOR:After an observation, I found out that people living around have that mentality of Big mart being opened in a huge mall might provide everything in a high rate. In fact not only with Big mart but also with other established supermarkets in town is the same case. The society here, still has not developed a habit of shopping in a supermarket. People rather prefer shopping in the nearest small shops called 'kirana pasals'. In addition, Kamalpokhari being a place with several small and large shops, provides many options for the shoppers. However, Big mart introducing it's value and saving concept to its customers and  also Big mart's plan to open it's chain of stores in many other places is one of the good sign of fostering itself. Thus, Big mart if is able to adapt to the society and make the customers happy, may then flourish in the coming years.


TECHNOLOGICAL FACTOR:

My observation showed that Big mart practice the use of several technologies. Without technology, it would not have been able to compete with it's competitors such as bhat bhateni supermarket, being one of the famous and well established supermarkets in whole Kathmandu. The use of computers, billing machines and many other technological instruments has made Big mart operate and handle the customers in a fast rate with accuracy. Thus, if Big mart continues using new technologies may help it broom.

     

LEGAL FACTOR:

Big mart being a super market, mostly sells imported goods and products apart from selling the local manufactured goods, this may result in high tax charges on goods and products. Thus, if Big mart fails or avoids to pay those high taxes will be regarded as being operated illegally, which may put it in danger and also may create a bad impression in the society. Therefore, the Legal factor must be seriously looked after by Big mart.

ENVIRONMENTAL FACTOR:

Big mart should take a step further and should try to be Eco-friendly. With it's emerging plans and goals should emerge the idea of managing the unwanted, waste products and materials. So as to cope up with the environmental factor, it should probably be able to dispose every single waste in every single day. Likely, big mart should create a friendly environment inside the store. The smiley faces and friendly attitudes of working staffs inside the store helps create positive vibes among the customers. 

3. PREPARATION FOR ACTIVITY WEEK FIELD WORK BY GROUP:

We, the group of 5 basically planned to visit Big mart and observe it in the first place. We printed a copy of PESTLE analysis Templates provided by our tutor and then visited the supermarket. After that we all wrote short points on what we observed inside the supermarket and afterwards we surfed other information in the internet in detail.

REFERENCES:

 Retrieved April 6, 2013, from bigmart: http://www.bigmart.com.np/

Visited bigmart supermarket, kamalpokhari, kathmandu on April 4, 2013

  

assignment of week 4

1.      Who is a strategist?  Describe the main types of jobs that have a strong strategy element.

A person who designs a path for the growth and development of the organisation and increase the profitability of the firm, according to me is a strategist. A strategist is chief executive officers, top management team, non-executive directors they all decide the strategy. Job of a business analyst, of a CEO or founder of a company. For example Job of a business manager of McDonald’s, in the united kingdom the McDonald’s corporation has  two types  of store one is company McDonald’s and one is franchise McDonald’s  there is competition between these two, so the business manager and his up  consultant have to come up with various strategically plans to increase its customers like fast services, fresh  food, clean restaurants good customer service skills, politeness and on basic rule customer is always right apart from that the manager should come up with new ideas to  have more customers like storytelling,  free art classes, birthday  parties, face painting,  charity car wash  etc. which  will  help in  customer inflow which  means money inflow i.e. business profits.

2.       What is the difference between a strategic planner and a strategic consultant?

Strategic planner

·         They  identify business threats

·         They develop creative action plan

·         They find out  new  market  opportunities

·         They look for unique and new strategic solutions

           Strategic consultant

·         They transfer knowledge

·         They implement strategic change

·         They promote strategic  decisions

·         The analyse, prioritize and generate options

Strategic Analysis of Islington College

Make a list of competitors for Islington College.
Islington College is an autonomous private education institution dedicated to excellent academic performance and student  experience.  So being one of the best and top college in Kathmandu,Nepal providing British Degree  in Information Technology and Business Administration. Established in 1997  the college in  now standing strong as a leading IT and  business education  provider in Nepal. But it is not the only college in Nepal to provide international education in Nepal  so  it  has competitors  which is also providing  international degree, to name the few we have,
1) British College
2)Silver  Mountain Graduate School
3)King's College
4)Herald  College
5)Lincoln College
6)Lord Buddha Education Foundation

Develop  Porter's  5 Force Model for Islington College.
The Porter's Five force Model is a simple but a powerful  tool  for understanding where the power  lies in a business situation.It is used to identify whether new products, service  or businesses  have the potential  to be profitable.  

The Porter's  5 force model for Islington college that I have developed  is

 To which group might Islington college belong? Can you map the group?
Islington college has been an established name in the field of education for the last 15 years. Providing British degree in Nepal itself. But if I have to map it then it has to be in the strategic group   of high quality education with high price, the reason being  this is yes it is providing its students a British degree but charging a good amount of money  for the education they are providing.

group work of week 4

1. Name one ‘strategist’ for each of the following five categories, and explain why you consider them to be have strategic ability and strategic impact in their field:

A) Business leader: Vijaya Mallaya

Chairman of United Breweries group, as a part of his expansion strategy, he consolidated various companies under one umbrella group called the UB group. Focused on the core business of beverage alcohol Kingfisher Beer available in 52 countries has achieved the historic milestone of selling 114 million cases. Other businesses kingfisher airlines, Sahara force India F1 team IPL team: royal challengers Bangalore I-League team East Bengal.

He came up with a strategy by being more focused on the alcohol as he knew there was less competition and almost no one who was in that kind of industry in India especially so there was less competition and also starting or investing in new projects was part of the plan.

b)Inventor or Scientist: Steve Wozniak

Stephan  Gary, “ Steve” Wozniak, known as Woz, is an American inventor,  computer engineer and programmer who  co-founded  Apple computer with  Steve Jobs and Ronald  Wayne.  He single handed  invented both Apple  l and Apple ll computers in the 1970’s. these computers contributed  significantly to Microsoft revolution.  He himself  designed the hardware,  circuit board designs and operating system for the apple.

WOZ had the ability and strategy of making a fully functioning computer on his own ,  his idea flourished and became a significant revolution. Making a computer in 1970 is definitely  a commendable  job and  it shows  that this person had strategic  ability to  come up  with a creative idea like that and make  it work.

c)Sport manager

: Sir Alexander Chapman  ‘Alex’ Ferguson (born  31 December 1941)is  a Scottish  football  manager and former  player   who has managed  Manchester  United since  1986. His tenure  has seen the club  go  through an era of successes and dominance  both in  England and Europe giving Ferguson  a reputation as one  of the most admired and respected managers in the history of the game.  With 26  years as manager of Manchester  United  he  is the  longest serving manager.

Being a manager obviously needs to  have a strategic ability , because you have to come up with  new and techniques  especially  in  the game  like  football,  you have to  make  game plan and strategy and try  to  figure out the opponents strategy. That is what he does and  he is the successful league manager till date.

d)Civil rights campaigner: Jack Baker

Jack Baker (born  Richard  John  Baker 1942) is a gay activist  in the US state of Minnesota Who  pressed for the right of same sex couples to  marry.  He and  his partner Michael McConnell  repeatedly sought to  obtain a marriage license and at one point succeeded in doing so. In June  1972,  Baker led DFL gay rights caucus at the state convention of Minnesota  Democratic Farmer Labor Party.  This was the first time a major  United  States political party encouraged support for marriage equality.

e)Musician, writer, film-maker or artists: Lady Gaga

Stefani  Joanne   Angelina Germanotta   (born  march  28  1886),  known by  her stage  name Lady Gaga, is an  American singer,  song writer,  record producer, dancer,  activist,  businesswoman,  fashion designer and actress. Lady  Gaga  came to prominence  as a recording artist, following the release  of her debut album,  The Frame(2008), which was critical and commercial success  that topped charts  around the world.  She is known for  her flamboyant, diverse and outre contributions to the music industry through her fashion, performances and  music videos. Her achievements include 5 Grammy awards and 31  MTV  music awards. Besides her musical career  she involves  herself with  humanitarian  causes  and LGBT activism.