MHS Business Portfolio and Dynamic Capability Development Report
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This report analyzes the business portfolio of Millennium Health Sciences and provides recommendations based on BCG Matrix, GE-McKinsey Matrix, and Synergy Matrix. It also discusses MHS's dynamic capability development using SWOT analysis.
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Business Portfolio and Dynamic Capability Development Report Millennium Health Sciences [Student Name] – [Student Number]
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Introduction •MHS Business Portfolio •MHS was developed in the year of 1968 by two scientists who wanted to create dermatologically experienced skin care products. •MHS could be categorized into several units business: •Neutrino •Dermatech •LOOKS •Energino
GE-McKinsey Matrix Growth Competitive strength of business unit HighMedLow Industry attractivenessHigh Med Low Growth Harvest SelectiveHarvest HarvestSelective SelectiveGrowth LOOKSNeutrino Dermatech Energino
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Synergy Matrix Threshold of acceptance Misfits Incoming: Benefits from belonging to portfolio +- Fits + - Outgoing: Benefit to portfolio Altruists Givers Parasites Takers Dermatech Neutrino Energino LOOKS
LOOKS •Analysis •Looks has low inward benefits, very high outgoing advantageous and medium competitive strength in the business outcome. •The market finding indicates that it has a low growth rate in cosmetic products and also has medium attractiveness. •Under GE McKinsey Matrix, it comes into medium selective. •Recommendations •It should be a third preference with the perspective of investment. •Create a cross-function team for developing
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Neutrino •Analysis •Neutrino has very high inner benefits, less-friendly advantageous and low rivalry. •Under the BCG matrix, it is positioned into a question mark. •Neutrino has medium industry attractiveness and medium growth. •Recommendations •It should make a high investment in Star in a higher growth industry. •It should provide a second preference for investment.
Dermatech •Analysis •Dermatech has high feasible strength that helps in acquiring and facilitating benefits in addressing the business. •The market finding of advanced skin care products has a higher growth rate as well as high attractiveness. •In the BCG matrix, it comes in the Star category. •Recommendations •It should highly emphasize export operations. •It should highly invest in innovative technology, research and development, skilled employees, creates uniqueness and worth for keeping the competitive advantageous. •It can make contrast amid its market growth and share steadily.
Energino •Analysis •Energino has low outgoing advantageous, low incoming advantageous, and low competitive •Special effects have low attractiveness and low growth market. •Under the BCG matrix, this comes in the category of Dog. •This company positioned into a low harvest under GE McKinsey Matrix. •Recommendations •The company should sell the business as it can damage the performance of the corporation. •It should be competent for dealing in the market •It should emphasize more on other 3 businesses
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Conclusion •MHS Business Portfolio •MHS Business Portfolio is proficient in vitamins and nutritional supplements, advanced skin care products, cosmetics and energy drinks. •This company may come into a mature phase into business cycle according to the performance of Neutrino, Dermatech, Looks, and Energino
Introduction •MHS Dynamic Capability •Dynamic capability is illustrated as the proficiency of an organization to completely become familiarized its base of resources. •Explain, describe and recommends how MHS is perceiving, clutching and transforming its dynamic capability for accomplishing the main objectives by using SWOT analysis
Identify and assess opportunities •Analysis •MHS has different business units that are highly discussed: •Neutrino-Vitamins and Nutritional Supplements •Dermatech–Advance skin care products •LOOKS–Cosmetics •Energino–Energy drinks •It is in growing towards a mature phase in the business process
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Identify and assess opportunities •Recommendations •This corporation can distribute, move, and implement understanding and technology at the workplace. •This company can identify a new trend and potential market to get success in the market. •It should develop a cross-function team in order to combine skills and gaining the competitive advantageous.
Mobilise resources •Analysis •There is an issue in the structure of managerial viewpoint. •Every company can make a decision in current time like an effective form of GE workout process.
Mobilise resources •Recommendations •Management can identify technology, innovation, approaches and technology for surviving their business and creates new customers. •It may execute core capabilities related to advance cosmetics and may implement energy drinks with special effect results (Renz, 2016).
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Transform and reconfigure •Analysis •It creates a business environment for reacting towards transformation quickly. •It may scrutinize the environment, identify key concerns and detects when an issue can increase (Hanson, et. al., 2016).
Transform and reconfigure •Recommendations •capability to learn quickly, new strategies to integrate within an organization and existing strategies can gain capability for refigured and transform •team can create a strong base, business culture and can create the competencies for switching the business into other industry (Renz, 2016).
Conclusion •MHS Dynamic Capability •MHS can maintain dynamic competency on a foundation of resources by transferring the knowledge, advanced technology, and skilled staff within an organization. •SWOT assessment indicates the strengths in Dermatech. •It can increase its opportunity and generates the competencies. •It can transform business units into a cross-function team as well as collaborate with other companies.
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References •Ethiraj, S.K., Gambardella, A. and Helfat, C.E., 2016. Replication in strategic management. Strategic Management Journal,37(11), pp.2191-2192. •Ethiraj, S.K., Gambardella, A. and Helfat, C.E., 2017. Reviews of strategic management research. Strategic Management Journal,38(1), pp.3-3. •Ethiraj, S.K., Gambardella, A. and Helfat, C.E., 2018. Theory in strategic management.Strategic Management Journal,39(6), pp.1529-1529. •Frynas, J.G. and Mellahi, K., 2015.Global strategic management. USA: Oxford University Press. •Ginter, P.M., Duncan, W.J. and Swayne, L.E., 2018.The strategic management of health care organizations. USA: John Wiley & Sons. •Hanson, D., Hitt, M.A., Ireland, R.D. and Hoskisson, R.E., 2016.Strategic management: Competitiveness and globalization. USA: Cengage. •Lasserre, P., 2017.Global strategic management. USA: Macmillan International Higher Education.
References •Michael, S., Storey, D. and Thomas, H., 2017. Discovery and coordination in strategic management and entrepreneurship.Strategic Entrepreneurship: Creating a new mindset, pp.45-65. •Morden, T., 2016.Principles of strategic management. UK: Routledge. •Morschett, D., Schramm-Klein, H. and Zentes, J., 2015.Strategic international management(pp. 978-3658078836). USA: Springer. •Renz, D.O., 2016.The Jossey-Bass handbook of nonprofit leadership and management. USA: John Wiley & Sons. •Wheelen, T.L., Hunger, J.D., Hoffman, A.N. and Bamford, C.E., 2017. Strategic management and business policy. UK: Pearson.