Results Focused Team Project Model For Market Needs Competit
Resultsfocusmgt 258 Team Project Modelmarketneedscompetitivenessstep 2
Resultsfocusmgt 258 Team Project Modelmarketneedscompetitivenessstep 2
R E S U L T S F O C U S MGT 258 TEAM PROJECT MODEL M A R K E T N E E D S C O M P E T I T I V E N E S S STEP 2 STEP 3 STEP 4 STEP 5 STEP 7 Dr Babu Subbaraman
STEP 1 DEVELOP ACTIONABLE AGENDA TO PROTECT YOUR BUSINESS C R I T I C A L S U C C E S S F A C T O R S S P E L L OUT P E R F O R M A N C E WHAT MUST YOU DO EXTREMELY WELL TO ACHIEVE YOUR CSFs I N D I C A T O R S CONCLUSIONS & RECOMMENDATIONS COMPANY SELECTION AND SITUATION ANALYSIS Y O U R E F F E C T I V E N E S S T O - D A Y
STEP 6
STEP 3 : FORCE-FIELD ANALYSIS (HELPERS and BLOCKERS) Once you have identified and prioritized your SWOT results, you can use them to develop short-term and long-term strategies for your business. After all, the true value of this exercise is in using the results to maximize the positive influences on your business and minimize the negative ones.
But how do you turn your SWOT results into strategies? One way to do this is to consider how your company’s strengths, weaknesses, opportunities, and threats overlap with each other. This is sometimes called a TOWS analysis. For example, look at the strengths you identified, and then come up with ways to use those strengths to maximize the opportunities (these are strength-opportunity strategies). Then, look at how those same strengths can be used to minimize the threats you identified (these are strength-threats strategies).
Continuing this process, use the opportunities you identified to develop strategies that will minimize the weaknesses (weakness-opportunity strategies) or avoid the threats (weakness-threats strategies). The following table might help you organize the strategies in each area: Please read the following and examples : · Spell Out your Company’s Opportunities and Strengths as HELPERS · Spell Out your Company’s Weaknesses and Threats as BLOCKERS Dr Babu Subbaraman [Type text] ACTIONABLE AGENDA CSFs What Must We Do Extremely Well TEAMS TO COMPLETE STEP 4 AS PER ROADMAP MGT 258 Team Project – STEP 3 Identify/understand companies involved in similar business to your business by spelling out Strengths, Weaknesses, Opportunities and Threats.
Perform a PEST ANALYSIS & A SWOT Analysis LINKS FOR SWOT ANALYSIS AND PEST ANALYSIS How to Perform SWOT Analysis Example : YOUR COMPANY’S EFFECTIVENESS TO-DAY How good is your company when compared to your competition? DO A FORCE-FIELD ANALYSIS BY IDENTIFYING HELPERS AND BLOCKERS. UTILIZE PEST/SWOT ANALYSIS STRENGTHS & OPPORTUNITIES FOR POTENTIAL HELPERS AND WEAKNESSES & THREATS FOR POTENTIAL BLOCKERS. DUE DATE : WEDNESDAY, OCTOBER 16, 2019 - Please read chapter 5, and 7 Strategic Management(Chapter 5) Organizational Structure and Change (Chapter 7) Dr Babu Subbaraman GUIDELINES FOR DOING STEP 4 : ACTIONABLE AGENDA Step 4 is all about developing What Must you do extremely well actions to sustain Helpers(Strengths and opportunities) and actions to minimize/eliminate Blockers (Weaknesses and Threats). Step 4 : What Must you Do Extremely well? – Actionable Agenda Please read chapter 10, Chapter 13 and Chapter 14 Leading People and Organizations Managing Groups and Teams Motivating Employees