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Managers Business Strategy - Nokia

   

Added on  2020-01-07

20 Pages5506 Words162 Views
BUSINESS STRATEGY
Managers Business Strategy - Nokia_1
EXECUTIVE SUMMARY The main purpose of this assignment is to analyze the business strategy which is beingadopted by the manager of selected company named as Nokia. In addition to this, the assignmentalso aims to assess the different type of tools which can be used by the firm in order to formulateits tactical plan in an effectual way. Here, the task 1 of the report will entail the detaileddescription regarding the process which firm can use for the purpose to frame the tactical plans.Likewise, in the second task specific strategy will be suggested to the manager of Nokia. This issuggested on the basis of environmental analysis which can be carried out with the help of toolssuch as PESTEL and Porters. Thus, in the third and fourth task implementation steps with regardto the selected tactic will be stated.
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TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11.1 Assessing how vision and mission of company informs the strategic planning..............11.2 Assessing the factors which needs to be considered when formulating the tactical orstrategic plans.........................................................................................................................31.3 Evaluating the effectiveness of different techniques which is being used by firm for thepurpose to prepare its strategic plans......................................................................................4TASK 2............................................................................................................................................62.1 Performing organizational audit.......................................................................................62.2 Carrying out the environmental audit...............................................................................92.3 Significance of stakeholder analysis..............................................................................11TASK 3..........................................................................................................................................123.1 Analyzing appropriate alternative strategies..................................................................122.4 Presenting new strategy for Nokia.................................................................................123.2 Justifying the new strategy.............................................................................................13TASK 4..........................................................................................................................................134.1 Roles and Responsibilities of personnel.........................................................................134.2 Estimated Resource requirement....................................................................................134.3 Contribution of SMART targets.....................................................................................14CONCLUSION..............................................................................................................................14REFERENCES..............................................................................................................................15
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ILLUSTRATION INDEXIllustration 1: Strategic planning model..........................................................................................1Illustration 2: Ansoff growth and vector matrix..............................................................................4Illustration 3: BCG matrix...............................................................................................................5Illustration 4: Value chain analysis..................................................................................................8Illustration 5: Porters five forces analysis.....................................................................................10Illustration 6: Stakeholder mapping...............................................................................................11
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