Unit 32 Busriness Stategy - Tata Steel - Level 5 Diploma in Business

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Program: Diploma in Business

Unit Name: Unit 32 Busriness Stategy - Tata Steel

Level: Level 5

Task 1

1.1 In your report, briefly define the following terms; visions, missions, objectives, goals, core competencies. Assess how these notions inform strategic planning for a business

1.2. Analyse factors that Tata Steel UK and yourself, as the strategic manager would need to consider planning and formulating strategic plans. In this part of your report, consider some of the key issues and problems there are with respect to strategic planning. Include at least three factors associated with Strategic Planning.

1.3. Define and evaluate the appropriateness of the effectiveness of any two strategic planning techniques used in strategic planning.

2.3. Define the term stakeholder in your proposal and then assess the importance of stakeholder analysis with respect to Tata Steel UK and its formulation of a new strategy.

2.4 Create and present a new strategy for Tata Steel UK. Look at any positioning that we think is the most suitable for Tata Steel taking into consideration, taking into consideration the answers in: 2.1, 2.2, and 2.3.

Task 3

3.1 Suggest two alternatives strategies and analyse the appropriateness of these strategies. In this section of your proposal, analyses two of the following; market entry, organic growth, growth by merger, acquisition, strategic alliances, substantive growth, limited growth and retrenchment strategies.

3.2 In your proposal inform the board of your selection in 2.4 and provide justification for this selection. Please note, "Do nothing" is not an option at this stage.

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