Effectiveness of strategic planning techniques

Unit 32 Busriness Stategy - Tata Steel Assignment Help - 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

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Task 1

Question 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

Question 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.

Question 3. Define and evaluate the appropriateness of the effectiveness of any two strategic planning techniques used in strategic planning.

Question 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.

Question 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

Question 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.

Question 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.

Understanding the Assignment:

  • Identify the specific requirements: Carefully read the assignment brief to grasp the exact tasks, questions, or analyses you need to perform.
  • Gather relevant information: Research Tata Steel's business strategy, industry trends, and any other pertinent details. Utilize credible sources like annual reports, news articles, and academic journals.

Crafting Your Response:

  • Structure your response logically: Organize your information into clear sections that address each aspect of the assignment.
  • Support your claims with evidence: Use data, facts, and examples to back up your arguments and analysis.
  • Demonstrate critical thinking: Analyze the information, draw conclusions, and present your own insights.
  • Proofread and edit carefully: Ensure your work is free of grammatical errors, typos, and formatting inconsistencies.

Additional Tips:

  • Consult your course materials and instructor: They can provide valuable guidance and feedback specific to your assignment.
  • Utilize academic resources: Your library or online databases offer a wealth of information and research tools.
  • Manage your time effectively: Plan your work, allocate sufficient time for each section, and avoid last-minute cramming.

Remember, the goal is to demonstrate your understanding of Tata Steel's business strategy and your ability to apply business concepts. By following these guidelines and conducting thorough research, you can produce a well-structured and informative response for your assignment.

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