This is an assignment for the course Strategic Management (MGT401). It includes a case study on Byte Products, Inc. and discussion questions on social responsibility and strategic alliances. The assignment must be submitted in Word format on Blackboard.
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Kingdom of Saudi Arabia Ministry of Education Saudi Electronic University المملكة العربية السعودية وزارة التعليم الجامعة السعودية اإللكترونية College of Administrative and Financial Sciences Assignment 1 Strategic Management (MGT 401) Due Date: 8/10/2022 @ 23:59 Course Name:Strategic ManagementStudent’s Name: Course Code:MGT401Student’s ID Number: Semester:FirstCRN: Academic Year:2022-23-1st For Instructor’s Use only Instructor’s Name: Students’ Grade: Marks Obtained/Out of 15 Level of Marks: High/Middle/Low General Instructions – PLEASE READ THEM CAREFULLY The Assignment must be submitted on Blackboard (WORD format only) via the allocated folder. Assignments submitted through email will not be accepted. Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling in your information on the cover page. Students must mention the question number clearly in their answers. Late submissionwill NOT be accepted. Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions. All answers must be typed usingTimes New Roman (size 12, double-spaced)font. No pictures containing text will be accepted and will be considered plagiarism). Submissionswithout this cover pagewill NOT be accepted.
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Learning Outcomes: CLO1.Recognize the basic concepts and terminology used in Strategic Management. CLO2.Describe the different issues related to environmental scanning, strategy formulation, and strategy implementation in diversified organizations CLO.5.Demonstrate how executive leadership is an important part of strategic management. Section I. Case study(10 marks) Readcase study N.1from your textbook entitled:The Recalcitrant Director atByteProducts,Inc.,andanswerthefollowing questions: 1.Describe the ”Byte Products, Inc” industry (competitivity, rivals, growth, stakeholders…).2 marks 2.Draw the SWOT matrix for ”Byte Products, Inc”.2 marks 3.What is the major problem of ” Byte Products, Inc” and what are the main solutions provided to this company to improve its competitive advantage?2 marks 4.Describe the plan suggested by the board of directors to improve the demand. 2 marks 5.What can you recommend to “Byte Products, Inc” to improve the demand for its products and ameliorate its competitive advantage? Justify.2 marks Section II.Discussion questions(5 marks) 1.Is social responsibility a driver of a corporate competitive advantage? How? Justify your answer using examples from Saudi Market.3 marks 2.Briefly describe a successful story of a strategic alliance between two companies from the real (national or international) market.2 marks Note.To improve your answers, you are requested to use at least 5 recent scientific references.
Answers Section I. 1.The “Byte Products, Inc” industry is extremely competitive, with several players and a small room for development. The stakeholders are the shareholders who always searching for a return on their finance, and the workers who are searching for job security and an equitable salary. The issue is that the firm is losing cash, and the shareholders are in view of selling the organization(Zhang & Großschädl, 2011, December). The substitutes are to either sell the firm or change it. The suggestions are to sell the firm. The shareholders are the initial stakeholders in this scenario since they are the ones in view of selling the firm. The workers are also major stakeholders of the firm because they are looking for a fair salary and job security. The major reasons for selling the firm are that the firm is losing cash, and the shareholders are in view of a return on their investment. 2.SWOT matrix Strengths Shareholdersarelookingfora return on their investment. Workersarelookingforjob security and a fair salary. Weaknesses The firm is losing money. The firm is not performing well. It would be critical to turning the firm around. Opportunities The workers will be able to find positions elsewhere The shareholders will also be able Threats The firm is not functioning well. Itwouldbedifficulttoturnthe organization around.
toreceiveareturnontheir investment. The firm is not possible to be able to fight in the market. 3.Facts and assumptions – the current three manufacturing sites or plans of Byte Company cannot fulfil the demand for its goods, and if the requirement of the brand is not met, buyers will visit elsewhere and things could be critical if contenders would take benefit from this case. Major problem is to develop a new plant will take at least 4 years and the firm cannot wait for four years(Liu et al., 2013, November). Thus, that firm has developed a temporary solution, yet this temporary solution has a large most important problem. The huge overriding problem is that if the firm initiates a temporary plant in the Plainville area then temporary positions will be developed in Plainville and for short-term positions, the administration won’t facilitate to development of local cases such as colleges, schools and banks. Thus, it won’t be possible for the community to adjust to Plainville for just 4 years. That’s why certain board individuals of the firm are not in the favour of short-term solutions. Moreover, certain board members are not convinced by the conclusion of the CEO. The argument rose by Williams one of the board members is that a short-term solution won’t be productive for the people of Plainville since the positions are going to be short term and after telling the people that positions and vacancies will only be for 4 years damage the firm’s value and reputation. 4.Byte Company Workers Analysis – according to workers of the firm, the factory in Plainville, which is close down for approximately 7 years can be employed temporarily for four years. Requirements and needs can be similar if the factory is
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made to function for four years and the brand or good cost will also remain the same. Thus, the CEO has agreed with their strategy. One of the boards of directors is not fully convinced with the president as this strategy and procedure won’t benefit the people of Plainville, since this strategy for employment is short- term and temporary(Walton & Murano, 2020). CSR is always to facilitate and help the community or people. Performing on the president’s strategy will damage the firm’s value and worth because this will be a short-term solution and strategy for four years and the local administration of Plainville also won’t facilitate a short-term solution. 5.The strategy or plan developed by the CEO “Elliot” will surely support the firm but it won’t support the local people of Plainville, where the company factory is. The strategy and scheme should be such that both community and the firm are in a win-win case. My recommendation is that the organization should keep the factory performing by correlative forecasting among the firm and employees. The overall salaries of employees should be such that they won’t influence the final and finish brand price(Latapí Agudelo et al., 2019). The only problem is salaries, if resolved by correlative understanding among the organization and employees then the factory can function indelibly. Thus, local administration will also facilitate establishing the local case needed for the people of Plainville. Section II 1.CSR is becoming an important aspect of the overall firm aims or goals of forward-thinking firms. CSR is also becoming extra common in today’s business. However, certain firms may fail to implement CSR as a section of their “actual
business strategy”, & certain presidents and board individuals may suppose that “primarily we conduct business”, before addressing CSR and addressing any surrounding problems. This may be the scenario in some businesses and firms. If a planned approach to CSR is suitably used in the firm’s planned tasks and operations, it might serve as fundamental for long-term benefits(Zaman et al., 2022).Thusthecompanymayincreasevaluedevelopmentforallofits stakeholders,partners,employeesandshareholderswhilealsoenjoyingan advantageous impact on the community as a whole. Since its formation, as one of the most developed companies in KSA, Armco has been one of the richest and most famous firms in its industry. Since its foundation, the organization has placed enhancing the sections in which it functions with the help of engaging in a range of CSR activities and initiatives. Clients see the firm as important since they believe it is tangled in CSR activities and programmes all of its products or services ethically. 2.The melodies alliance between Uber and Spotify is an exceptional type of combination; a planned partnership. A planned combination or alliance is a reciprocity connection among two firms that preferably develops a mutually helpful condition. The strategic alliance between Spotify and Uber means that Uber riders or customers can enjoy Spotify playlists at the time of ride(Kleis, 2021). This makes the Uber experience extra favourite and motivates Uber customers to subscribe to Spotify Premium such as for extra control over the playlistonandofftheride.Uber’scontendersdonothavethesame
individualized music adventure, thus Uber has a huge competitive advantage over other firms and other similar services. References: Zhang, Y., & Großschädl, J. (2011, December). Efficient prime-field arithmetic for elliptic curve cryptography on wireless sensor nodes. InProceedings of 2011 International Conference on Computer Science and Network Technology(Vol. 1, pp. 459-466). IEEE. Liu, Z., Seo, H., Großschädl, J., & Kim, H. (2013, November). Efficient implementation of NIST-compliant elliptic curve cryptography for sensor nodes. InInternational ConferenceonInformationandCommunicationsSecurity(pp.302-317). Springer, Cham. Walton, K. E., & Murano, D. (2020). Students Have Shown Significant Social and Emotional Skill Development during COVID-19. ACT Research & Policy. Data Byte.ACT, Inc. Latapí Agudelo, M. A., Jóhannsdóttir, L., & Davídsdóttir, B. (2019). A literature review of the history and evolutionof corporatesocialresponsibility.International Journal of Corporate Social Responsibility,4(1), 1-23. Zaman, R., Jain, T., Samara, G., & Jamali, D. (2022). Corporate governance meets corporate social responsibility: Mapping the interface.Business & Society,61(3), 690-752.
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