You are assigned a company, Rivian ,for you final assignment. Based on your analysis of the industry sector and competitive dynamics, please recommend a new strategy for the company to adopt. You will consider all of the concepts that you have learned in the course, and the work you have done in your teams to develop the strategy.
In your essay, please address the following questions:
Using the different evaluation frameworks (SWOT, PESTLE, 5 Forces) you have learned , describe the current situation and environment that the organization is in, including direct and potential competitors. Identify the internal and external factors that are most critical to the organization.
Identify the most appropriate strategic frameworks and strategic approach(es) (e.g. Strengths/Opportunities, Weaknesses/Threats, etc.), and justify why those frameworks and approaches are appropriate.
Describe the recommended strategy and its path to implementation.
Describe how analytics could be employed:
To better understand the strategic environment;
To select a strategy; and
To evaluate the performance of the strategy
Describe what might happen in the course of implementing the strategy that would cause changes to some of its elements – and what those changes might be. Please consider as many factors as possible, e.g. competitive, environmental, economic etc.
In your essay, you should reference at least 3 new sources from your own independent research in addition to any course readings and lecture material you cite. Please use APA format for all citations.
971189
8 hours ago
10 pts
Full Marks
Based on research on current situation of company, summarize competitive environment and dynamics affecting competitive success.
20 pts
Full Marks
Describe the usefulness of the frameworks introduced in this course – SWOT, PESTLE, Porters Five Forces, Blue Ocean, Insight Matrix – to shape an effective strategic approach for the current situation. Identify the most relevant framework or frameworks with a clear explanation of why.
25 pts
Full Marks
Apply the selected framework(s) to develop a recommended future strategy.
25 pts
Full Marks
Develop a visual representation of the roadmap highlighting different components and milestones, and timeframes for strategic implementation.
10 pts
Full Marks
Describe the utility of analytics for developing and optimizing the recommended strategy.
10 pts
Full Marks
Identify greatest risks to the success of your strategic plan. What could go wrong, and what contingency plans can you have ready in case of issues?
