Strategic Management - Strategy Evaluation for Deloitte

Strategic Management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Critical evaluation of value of clear motive, vision, objective as well as mission in setting out
strategic direction of company....................................................................................................1
Assessment of competitive advantage which could be evaluated by implementing four
attributes by using VRIO analysis...............................................................................................3
PESTLE analysis for analysing external environment of company...........................................4
Appraisal of attractiveness by using porter's five forces model for company............................6
Review of chosen strategy..........................................................................................................7
CONCLUSION ...............................................................................................................................8
REFERENCES................................................................................................................................9

INTRODUCTION
Strategic management is defined as method of setting up goals, methods as well as ways
for making up companies more effective (Zorlu and Ezin, 2021). It basically comes under a field
of management that could consists of formulation as well as implementation of main objectives
as well as initiatives which are taken by company's manager on behalf of stakeholders that are
related to considerations of resources. It is assessment of internal and external surroundings
where companies are operating. This report is based on strategic management of a consultancy
company Deloitte which is a multinational professional services networks with offices in over
150 countries and territories around global world (Valentin, 2021). This report consists of
analysis of value of clear objective, vision, mission as well as purpose of company. It consists of
competitive advantage by VRIO analysis and external analysis by PESTLE evaluation, appraisal
of attractiveness through porter's five forces analysis, review and analysis of chosen strategy
followed by its conclusion.
MAIN BODY
Critical evaluation of value of clear motive, vision, objective as well as mission in setting
out strategic direction of company.
In order to evaluate various for having effectiveness it is necessary for companies to
evaluate their purpose, objective, vision and mission and according to that formulate strategies so
that companies could be able to sustain in markets for longer terms. These elements helps
companies in providing strategic direction of company (Kumar and Duggirala, 2021). In relation
to Deloitte value of clear motive, vision, mission as well as objectives are explained as follows:
 Purpose: It is necessary for companies to identify its purpose so that it could help in
carrying out business practices effectively with its clear goals. In accordance with
Deloitte, company is carrying out purpose of making an impact which could matters. This
purpose of company inspires company professionals and helps them in accomplishing
their global strategy by being undisputed leader in providing professional services
towards customers.
 Vision: It helps in carrying out business practices with an idea that could identify
objective and purpose of companies in an effective way (Rastgar, Alikarami and Jabari,
2021). In accordance with Deloitte company's vision as well as strategy as developed in
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collaboration through leadership as well as staff members from around global world
which could focus on working together across functional as well as national business
borders for delivering excellence in all services that are provided by working members.
Their vision is unchanging and it keeps on aspiring a standard of excellence as a first
choice of their customers as well as talent.
 Values: Deloitte is carrying up shared values that are timeless and it could describe their
core principles which could differentiate their culture. Company's values carries on
integrity that believes that nothing is essential than their goodwill along with behaving
with higher levels of integrity which is fundamental towards who they are. They are
carrying up values of outstanding values to markets as well as their customers by playing
a critical role with more effectiveness (Barno, 2021). They are considering different
values which could help their capital markets for operating well.
 Mission: This element of company helps them identify where customers wants to
achieve. It helps in providing an accurate strategy direction so that their vision could be
accomplished in a well manner. In relation to Deloitte, company is carrying out mission
of helping their customers and their customer excel. They believes in having the one of
most of world's most leading business advisory company (Aazami and Ahmadi, 2021).
This mission of company shows that their customers are considered to be priority as well
as they are transforming their business strategy together with redirection of their growth
path in order to achieve their primary objective. Mission statement of company includes
enhancing quality, transforming company as well as helps in building wider reach.
 Objective: Another element that could help in serving customers with effective services.
Objective relates in providing effective performance. In relation to Deloitte company is
having major objective of providing effective services. They are carrying up impact of
providing undisputed leader in their professional service so that they could be able to
provide satisfaction towards customers.
It has evaluated that these elements of Deloitte helps in providing clear direction in terms
of formulation of strategies. As when purpose and objectives of company is clear they could be
able to achieve their aims within specified period of time.
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Strategic Management -
Strategy Evaluation

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
Critical assessment of method of process that are used by company for determine their
strategy........................................................................................................................................1
Evaluation of critical models as well as tools that are implemented by company for identifying
their strategy................................................................................................................................3
Application of tools to real company..........................................................................................3
Critical appraisal of relevance of change management which is based on complexity of
transformation method, its costs, risk as well as sustainability...................................................8
CONCLUSION................................................................................................................................8
REFERENCES..............................................................................................................................10

INTRODUCTION
Strategic management is referred to be a process of planning objectives, measures and
manners for making company's performance highly effective. It generally comes under a field of
management which involves formulation and usage of major goals along with initiatives that are
taken by manager of company on behalf of stakeholders for assessing considerations of resources
(Widjaja, 2021). It is generally termed to be an analysis of external and internal surroundings
where companies are operating their business practices. This report is based on strategic
management and strategy evaluation of a consultancy company Deloitte which is a multinational
professional service provider network company with its offices in across 150 countries and
territories in global world (O'Shannassy, 2021). It involves critical assessment of ways which
are implemented in company and evaluation of different models that are used for determining
company's strategy. It also consists of application of tools and models with critical appraisal of
importance of change management which is based on complexity of transformation method
followed by its conclusion.
MAIN BODY
Critical assessment of method of process that are used by company for determine their
strategy.
In order to have a critical assessment of various methods for having effectiveness in
company it is essential for companies to analyse their motive, vision, mission, goals. So that they
could formulate according to goals in order to sustain in markets for longer time. These
components helps companies to provide effective strategic direction for well running of their
business. In accordance with Deloitte, relevance of having clear purpose, vision, mission and
objectives that could help in determining strategy are as follows:
 Purpose: It is essential for companies to determine their purpose so that it could help
them in performing their business activities. In accordance with Deloitte, company is
carrying their purpose of creating an impact that could matters towards their customers.
As purpose of Deloitte is to inspire company professionals and helping them in achieving
their goals by giving professional services to their customers (Ginanneschi, 2021).
 Mission: This component of company basically helps in determining goal that they want
to accomplish. It generally helps in giving a correct strategy guidance so that their
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planned vision could be achieved in an accurate way. In accordance with Deloitte,
company is performing their mission of providing help to their customer and customer
excel. It indicates that the company's customers are said to be its priority. Along with it
designs their strategy with a re guidance of their growth for accomplishing their primary
goal. It consists of improving quality, creating wide reach as well as transforming
company.
 Vision: It basically helps in performing business activities with an idea which could
determine their goals and motive of companies in an effective manner. In relation to
Deloitte vision as well as strategy of company is to develop with collaboration with
leadership and staff members from global world by focussing on working together with
functional and national business limit for delivering excellence in their all services which
are given by working individuals. As their vision keeps on aspiring standard of
excellence as their first choice of their customers.
 Objective: This component deals in serving customers with their effective services
(Arteaga, 2021). Goals helps in providing effective performance of company. In
accordance with Deloitte company is carrying major goal of providing effective customer
services. They are performing their business practices in providing professional service
so that company could be capable to provide satisfaction to their customers.
 Values: Deloitte is carrying their shared values which are timeless and core principles
that could be able to differentiate with their culture. Company's values carries on integrity
which could believe that nothing is important than their goodwill. They believes in
behaving with their higher levels of integrity which is fundamental towards who they are.
They are carrying values of providing outstanding value to markets and customers by
playing a critical function with more efficiency. They are taking various values that could
help their capital markets for carrying business practices effective.
It has been critically assessed that these component of Deloitte helps in giving out
effective strategic guidance in identifying their strategy in order to design them. When motive as
well as goals of company will be clear it will be beneficial for company to accomplish their aims
in particular period of time scale (Al-Hawary and Al-Rasheedy, 2021). As without analysing
goals, mission and vision it will be difficult for company to formulate their strategy in a well
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