1. Clearly identify and justify one (1) type of alliance from the scenario, that Tech Products Inc. can form to enhance its organization and expand its market reach. Recommend an example of a company locally or regionally that the company can partner with, justifying your selection. The name of the organization must be clearly stated. 2. Identify and discuss by completing a thorough analysis of Tech Products Inc. one (1) internal tool that Tech Products Inc. can use to assess its internal environment to enable management to capitalize on organizational strengths while minimizing organizational weaknesses. 3. It is important that the company understands and identifies the uncontrollable forces in the broad environment which impact their business strategic position. Apply one (1) external tool to the operations of Tech Products Inc., as discussed in the scenario. Refer to your own country when completing where required.
1. Clearly identify and justify one (1) type of alliance from the scenario, that Tech Products Inc. can form to enhance its organization and expand its market reach. Recommend an example of a company locally or regionally that the company can partner with, justifying your selection. The name of the organization must be clearly stated. 2. Identify and discuss by completing a thorough analysis of Tech Products Inc. one (1) internal tool that Tech Products Inc. can use to assess its internal environment to enable management to capitalize on organizational strengths while minimizing organizational weaknesses. 3. It is important that the company understands and identifies the uncontrollable forces in the broad environment which impact their business strategic position. Apply one (1) external tool to the operations of Tech Products Inc., as discussed in the scenario. Refer to your own country when completing where required.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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1. Clearly identify and justify one (1) type of alliance from the scenario, that Tech Products Inc. can form to enhance its organization and expand its market reach. Recommend an example of a company locally or regionally that the company can partner with, justifying your selection. The name of the organization must be clearly stated.
2. Identify and discuss by completing a thorough analysis of Tech Products Inc. one (1) internal tool that Tech Products Inc. can use to assess its internal environment to enable management to capitalize on organizational strengths while minimizing organizational weaknesses.
3. It is important that the company understands and identifies the uncontrollable forces in the broad environment which impact their business strategic position. Apply one (1) external tool to the operations of Tech Products Inc., as discussed in the scenario. Refer to your own country when completing where required.
Transcribed Image Text:Scenario: Tech Products Inc. is one of the world's leading technology companies known for its
innovative products, including the TechPhone, TechPad, Tech computers, and software services.
At present, Tech Products Inc. is now facing significant challenges in an evolving industry
landscape due to increasing competition and the introduction of similar products on both the
local, regional and global markets. The company is aware that internal and external drivers play
a crucial role in shaping the strategic direction and overall performance of an organization, and
that to remain relevant they must be able to understand and respond to these drivers in an
effective manner. To assist them in formulating a comprehensive strategy that can help the
company navigate the complex business environment it faces, Tech Products Inc. has hired you
as a Strategic Management Consultant.
Further to an initial meeting with Management, it was ascertained that Tech Products Inc. has not
been keeping abreast with the changes in the external operational environment and did not
analyze this against their current environment. Whilst they are aware that there are internal and
external tools which can assist, they have no idea how to use them to their benefit. They are
aware however that the current business strategy needs to urgently be reviewed to one which
focuses more on design, user experience, and premium pricing to help set them apart from the
competition. There is also a need to review the current global strategy to ensure that the company
is reaping the best possible benefits, allowing the organization to capitalize on opportunities,
manage risks effectively, and create a robust foundation for long-term success. Their current
organizational structure is one which organizes its workforce by function, such as design,
engineering, marketing, and retail, which to date has worked well, but they are now unsure if it is
serving their needs. The company has been approached by various companies in the past who
wished to create strategic alliances, but due to its top-ranking position in the market did not feel
it was necessary at the time. Management is currently rethinking this position and requires some
guidance as they aim to enhance their organisation and expand their market reach.
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