Carry out a PESTELE Analysis and a VRIO Analysis on an organization of your choice
Assessment task details – provide a description of the task
Looking at an organisation of your choice, identify potential new strategies & strategic action plan to present to the executive board. Complete the following:
1. Carry out a PESTELE Analysis and a VRIO Analysis on an organization of your choice
– Ensure that your PESTELE/VRIO analysis is well researched with cited references in table for every point you make.
Drawing on the PESTELE/VRIO identify:
– a potential new strategy(s) with justified reasons- does this fit with the organisations vision, values and organisational objectives and identify what type of strategy it is? (Think academic theory- Porters Generic Strategies etc)
– How will their resources and capabilities help them implement the strategy?
– What will be the organisational impact of implementing the new strategy?
2. Complete a Strategic Action Plan
– Fill out the strategic action plan template citing in table & justifying with sources.
Evidence of academic reading together with full and correct Harvard referencing is expected at level 6. It should be noted that an absence of theory to support the submission restricts the mark that can awarded. See marking criteria for indications. Professional business presentation with a clear structure throughout.
Submission instructions – What should be the format of the submission? / Where should it be submitted?
A single Word document only, containing just your assignment with reference list included. Please do not submit on this brief document. A template is provided below the which should be followed. Please submit online via the appropriate Turnitin submission on the module space.
Hints and tips
Assessment Template
Please use the following headings as a guide for your assessment.
Overview of organisation
Brief overview of the organisation
PESTELE Analysis
Complete a PESTELE Analysis using this template. Please adjust as necessary & words are included in word count.
PESTELE Whats Happening?
List Issues relating DIRECTLY to the company
Who (in the organisation) does this impact & what impact will it have?
Action to be taken?
Political
Economic
Social
Technology
Environmental
Legal
Ethical
VRIO Analysis
Complete a VRIO Analysis using this template. Please adjust as necessary & words are included in word count.
Feature
(Resources or Capability) Value
(is it valuable) Rarity
(is it rare) Imitability
(Is it hard to imitate)
Organisational Support
(are they organised to support it) Recommendations
Feature 1
New Strategy Implementation
Subheading- Strategy
State new strategy(s) supported by justified reasoning/sources. Identify what type of strategy it is.
Subheading- Resources and Capabilities
Address how their resources and capabilities will help them implement the strategy. What will be the organisational impact of implementing the new strategy
Strategic Action Plan
Complete a Strategic Action Plan using this template. Please adjust as necessary & words are included in word count.
Strategic Objectives
(From your research you will have identified
) Tasks
(What you need to do to achieve it) Whos Responsible
(Specific Person/Departments) Timeframe
(Estimate of how long it will take to implement) Resources
(What or who can help you achieve the objective) Impact on Organization
Example Entry: Change material packaging to eco- friendly material 1. Source new supplier of compostable materials
2. Invest in new manufacturing equipment and implement into production
3. Training staff to use equipment
1. Head of Operations/Suppliers & Team
2. Operations
3. Human Resources & Operations
4. 1 month
5. 1-3 months
6. 1 month
1. Supply chain contacts
2. Head of production
3. Head of Human Resources
4. IT/Production Systems 1. Less toxic waste during production
2. Fulfilling environment standard targets outlined by organisation and government
3. Timely/Costly to make the change- potential disruption to normal service
References
All submitted work is expected to observe academic standards in terms of referencing, academic writing, use of language etc. Failure to adhere to these instructions may result in your work being awarded a lower grade than it would otherwise deserve.
