Effective Strategies for Crafting Conclusions in Strategic Analysis

1 Crafting a Conclusion for a Strategic Analysis Assignment Name Institution Course Professor Date

2 Crafting a Conclusion for a Strategic Analysis Assignment This last assignment involves choosing 5 out of the questions provided in the task brief and carefully answering them, giving thoughtful analysis and critical reflection. Make sure that you select the questions for which detailed responses come more easily to your mind. Use the concepts, terms and practices from business management class while conducting further research to complement your knowledge. Ensure your answers are well-structured, following the principles of effective report writing. When creating your report, often refer to the rubric for grading and assignment requirements. This will ensure that your work meets the required standards of superior quality, rigour and adherence to detail. Please let me know if any other clarifications are sought regarding the assignment instructions or how to elaborate on all requisites. 1. List and briefly explain five of the main managerial trends in the 21st century: The five major managerial trends in the twenty-first century are digitalization, sustainability, remote/hybrid work, agile management and diversity and inclusion. Digitalization amounts to the use of digitally enabled technologies like AI, automation, the Internet of Things, etc. Change business processes and deliver efficient products or services ( Muhammad et al., 2020 ). Sustainability is concerned with environmental and social responsibility in business operations or products. The overall concept of remote/hybrid work involves increased flexibility in the field workforce that is enabled by technological implementation, including remote or hybrid models. Agile management is a flexible and cyclical method of managing projects or workflows to be more resilient in accommodating change. Lastly, diversity

3 and inclusion imply a focus on developing diverse workforces and inclusive company cultures. 2. List and explain why you should make sure as a manager to offer ethical and environmentally friendly products: Several reasons make it necessary to provide ethical and eco- friendly products. One of its first benefits is building brand reputation and credibility with consumers who regard sustainability. Second, it appeals to ethical consumers who choose responsible brands on purpose. Third, minimizing the impact on nature with eco-friendly products is a moral duty of every living creature. Fourth, it promotes compliance with environmental laws. Lastly, the company can be perceived as an example by showing social responsibility in product offerings. 5. The main factors affecting a company's business model are its mission, vision, and values. Research and explain Coca-Cola and Nestle's mission, vision, and values: Coca-Cola strives to refresh the world in a mental, physical and spiritual context. Its vision is to create brands and choices of drinks people enjoy ( Heffernan et al., 2020 ). The company's core values are leadership, teamwork, honesty and accountability, passion for our work, diversity, and quality of life. Nestle's mission is to improve other people's lives and create a healthier future (-written by

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4 Rhonda Moore, BSc). It envisions being the world's leading nutrition, health and wellness company. The Nestlé values are trust, respect, passion, simplicity and accountability. 6. A blue ocean strategy describes the competitive market scenario. Pick three red and blue ocean markets from different industries, providing examples of each. A red ocean is an extremely crowded market space where companies fight for the same candidates. The term blue ocean refers to an open market in which possibilities could be made by new demand creation instead of fighting with the opponents. Red ocean markets involve streaming services, ridesharing apps and fast food. Blue ocean markets include those created: Uber created the ridesharing industry, Netflix made streaming popular, and Amazon paved e-commerce and cloud computing. 7. What are the top five most used business planning and strategy management tools? At least briefly describe them in essence and support your descriptions with corresponding visual cues! The five primary management tools used for business planning and strategy include SWOT analysis, PEST analysis, Porter's Five Forces, Balanced Scorecard, and the Blue Ocean Strategy. SWOT analyzes internal strengths and weaknesses vis-à-vis external opportunities and threats to drive strategy. PEST analyses of political, economic, social and technological forces outside the firm that might affect strategy ( Mas-Tur et al., 2020 ). Through the assessment of industry competition, Porter's Five Forces identifies industries that are attractive and profitable. The Balanced Scorecard transforms vision and strategy into goals across financial, customer service process and learning perspectives. Blue Ocean Strategy aims to generate market space that is not contested by rivals but creates a blue ocean through value innovation and differentiation. To sum up, these instruments offer critical analytical views for devising business strategies and plans.

5 SWOT, PEST, Porter's Five Forces Balanced Scorecard and Blue Ocean Strategy have strategic insights that can be applied to decision-making. In conclusion, this report addressed important questions of the contemporary understanding issues in management trends, ethics, mission, values, competitive strategy frameworks, and critical business planning tools. The analysis highlights that today's managers are required to be responsive in dealing with emerging realities such as digitalization, sustainability, remote work flexibility and diversity. It highlights the significance of ethical and eco-friendly products for brand image and corporate responsibility in society. Analyzing Coca- Cola and Nestle's mission, vision, and values gives real-life examples of organizations helping people understand what they stand for. The deliberations on the red vs blue ocean strategy, as well as seminal analytical tools such as SWOT, PEST, Porter's Five Forces, Balanced Scorecard and Blue Ocean Strategy, detail the manner in which managers engage rigorous situational analysis to formulate appropriate business plans. Using such modern views, managers can make important decisions within the chaos.

6 References Muhammad, A. I., Zahradeen, M. M., Usman, A. G., & Kamin, Y. B. Exploring Managerial Entrepreneurial Competencies Framework for Technical College Programs. Heffernan, T. A., & Bosetti, L. (2020). The emotional labour and toll of managerial academia on higher education leaders. Journal of Educational Administration and History , 52 (4), 357- 372. Mas-Tur, A., Kraus, S., Brandtner, M., Ewert, R., & Kürsten, W. (2020). Advances in management research: a bibliometric overview of the Review of Managerial Science. Review of Managerial Science , 14 , 933-958.

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