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Strategic Management Study Of Hunt Solutions

   

Added on  2020-02-24

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Running head: Company Assessment- Hunt Solutions
Company Assessment: Hunt Solutions
Strategic Management Tools
Strategic Management Study Of Hunt Solutions_1
Company Assessment P a g e | 1
Abstract:
This assignment provides a complete assessment of “Hunt Solutions”, an electrical
contracting company based in Perth and operating in Western Australia, Victoria &
Queensland. The study is being conducted keeping in mind various strategic management
tools considering both micro & macro environmental forces. The complete assessment of the
company is carried out by using some tools like 7-S framework, SWOT, Porter’s 5 forces
model, balanced score card& PESTLE analysis. Some industry insights are also highlighted
to understand the market potential and the competition in the sector. Some changes are
advised for the company after analysis of the same with a structured framework, at the end of
the analysis, a detailed organizational chart is proposed, which will reduce the unnecessary
costs of the company, because of which company was bleeding to death (unnecessary
functional heads) and keeping it lean in order to focus more on the servicing and after
servicing of clients.
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Table of Content:
Introduction:...............................................................................................................................4
Industry Insight:......................................................................................................................4
Service offering:.....................................................................................................................5
Strategic management tools:......................................................................................................5
7-S Framework.......................................................................................................................6
Shared values......................................................................................................................7
Vision..............................................................................................................................7
Values..............................................................................................................................7
Team Work......................................................................................................................7
Integrity...........................................................................................................................7
Win-Win..........................................................................................................................7
Commitment to work......................................................................................................8
Mission................................................................................................................................8
Mission statement for Hunt solutions.............................................................................8
Strategy...............................................................................................................................8
Systems...............................................................................................................................8
Skills...................................................................................................................................8
Staff.....................................................................................................................................9
Style....................................................................................................................................9
Structure..............................................................................................................................9
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Functional structure.........................................................................................................9
Division/Multi-division structure....................................................................................9
Flatarchy........................................................................................................................10
Matrix structure.............................................................................................................10
SWOT Analysis:...................................................................................................................11
Strength.............................................................................................................................11
Weakness..........................................................................................................................11
Opportunities....................................................................................................................11
Threats..............................................................................................................................11
Balanced Scorecard..............................................................................................................12
Financial Perspective........................................................................................................13
Internal business perspective............................................................................................13
Learning & Growth...........................................................................................................13
Customer perspective........................................................................................................13
Balanced scorecard for Hunt solutions.............................................................................14
Porter’s 5 forces model.........................................................................................................14
Threat of new entrant........................................................................................................15
Threat of substitutes..........................................................................................................15
Bargaining power of customers........................................................................................16
Bargaining power of suppliers..........................................................................................16
Porter analysis for Hunt solutions.................................................................................16
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Threat of new entrant.................................................................................................16
Threat of substitutes..................................................................................................16
Bargaining power of suppliers...................................................................................16
Bargaining power of buyers......................................................................................17
Industrial rivalry........................................................................................................17
PESTEL Anlysis...................................................................................................................17
Political.............................................................................................................................17
Economic..........................................................................................................................18
Social................................................................................................................................18
Environmental factors.......................................................................................................18
Technological............................................................................................................18
Legal factors..............................................................................................................18
Proposed Organizational Structure.......................................................................................19
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Table of Figures:
Figure 1 shows services offered at Hunt solution......................................................................5
Figure 2 shows strategic management tools...............................................................................6
Figure 3 shows 7-S framework..................................................................................................7
Figure 4 shows the present organization structure...................................................................10
Figure 5 shows SWOT for Hunt solution................................................................................12
Figure 6 shows BSC for Hunt solution....................................................................................14
Figure 7 shows model of porter forces.....................................................................................15
Figure 8 shows proposed organization structure based on division (geographic)...................19
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Introduction:
The company here under assessment is “Hunt Solutions”. It is a West-Australian company
established in the year 2010 with the goal of bringing innovation to energy and mining
sectors. Hunt solutions gets its expertise from 45 years of experience working in the field of
High voltage asset inspection and maintenance services. It has established its reputation in the
mind-set of network owners and delivery partners within the utility and energy sector as that
of an esteemed and accredited contractor (Hunt solutions, 2017).
The service offering of the firm starts from scratch activities like scoping and design to
complex processes like construction & surveying ranging all over from Western Australia to
Victoria and Queensland, 45 years of combined Australian and international expertise, best
practices, market leading skill sets helps the company stay ahead of the curve and meet
client’s expectations & demand (Hunt solutions, 2017).
The USP of the company is providing quality, safe, environmental friendly, value-added
services to clients which is kind of no match to what competitors have been doing. The
company is ISO certified and has also been certified by renowned SAI global in 2013 (Hunt
solutions, 2017).
Industry Insight:
According to IBIS World, the electrical servicing industry has been facing challenges for
quite some time, this state however is improving owing to investment in housing &
commercial spaces providing ample space for the contracting work to notch up the growth
curve. The industry is supposed to grow at a rate of 2% until 2020 taking the revenue up to $
21.4Bn. The industry generates 70% of its revenue from repair work, maintenance and
installation activities in non-residential and residential property markets and the remaining
pie from work in industrial & engineering markets. The demand from heavy industrial &
non-building construction might decline for the time being, but at the same time contractors
working in energy, resources, telecom & telecommunications infrastructure market is going
to expand. Thus making the industry space look attractive. Another insight, the demand for
electricians, service engineers have increased exponentially owing to high tech electronics
being deployed on mines & subsidiary operations (ECD, 2017)
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Company Assessment P a g e | 7
Service offering:
Figure 1 shows services offered at Hunt solution
Strategic management tools:
The world is changing and so are the conditions of companies across the world, more the
uncertainty in economic condition of any country same is the fate of companies (Jacob,
2015). In order to keep a check on the progress, its company’s life cycle, growth trajectory,
companies keeps on assessing themselves on various parameters to stay ahead of the race and
be a step ahead of any economic downturn. In order to do so, companies keep on expanding
into different markets, work on their product features, distribution strategy, make the product
more appealing to the customers, work on the pricing strategy to lure more customers,
designing, customer engagement and so on. Therefore, managers/members/executives of the
companies keep looking for suitable tools to analyze the internal & external cost of
product/services, product costs, get market information, analyzing customers preferences his
needs and wishes, predict and assess organization’s performance as well to ensure
competitive advantage in production and servicing activities (Jacob, 2015).
High voltage utility maintenance
Asset maintenance programs
Power line construction
Thermographic & corona surveys
Transmission maintenance
Equipment testing & tagging
Streetlight maintenance
Strategic Management Study Of Hunt Solutions_8

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