Referencing the scenario provided in Assessment 1, and following the guidance provided by the Strategic consultant, Maria and her team are now prepared to proceed with finalizing their business plan to launch their company in the cosmetics industry. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Maria is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. For this assessment, your group is to assume the role of Maria and her team. In doing so, you are expected to complete the following Organizational Strategya) Based on the categories of alternative organizational strategies discussed in the course, you are required to do the following:o Select one appropriate category.o Identify one strategy from the selected category which you plan to pursue to ensure success applicable to the scenario presented.o Explain how the product or service you are offering would be implemented through this category.b) Given the product or service which your business proposes to offer, assess the three stages of the strategy-formulation framework, discussed in the course.o For each stage, include one (1) tool in your assessment.
Referencing the scenario provided in Assessment 1, and following the guidance provided by the Strategic consultant, Maria and her team are now prepared to proceed with finalizing their business plan to launch their company in the cosmetics industry. Considering how competitive the business sector is today, it is important that they are aware of their alternative organizational strategies. It is also important that they understand how to develop a sustainable competitive advantage, so as to remain financially viable. The group is considering utilizing the strategy formulation framework to aid in developing the company and its products. Further to discussion with the Strategic Consultant, Maria is aware that there are certain habits that strategic leaders must encompass but is not sure what they are. For this assessment, your group is to assume the role of Maria and her team. In doing so, you are expected to complete the following
Organizational Strategy
a) Based on the categories of alternative organizational strategies discussed in the course, you are required to do the following:
o Select one appropriate category.
o Identify one strategy from the selected category which you plan to pursue to ensure success applicable to the scenario presented.
o Explain how the product or service you are offering would be implemented through this category.
b) Given the product or service which your business proposes to offer, assess the three stages of the strategy-formulation framework, discussed in the course.
o For each stage, include one (1) tool in your assessment.
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