Module 3 â€“ SLP: Grand Strategy Selection
For purposes of the Module 3 SLP, you are a Strategic Management consultant. Your client is a major competitor in one of the following industries:
1. Amusement Parks in the U.S.
2. Golf Centers and Country Clubs in the U.S.
3. Concert and Event Promotion in the U.S.
4. Jewelry Stores in the U.S.
5. Nursery and Garden Stores in the U.S.
6. Department Stores in the U.S.
7. Womenâ€™s Clothing Stores in the U.S.
8. Furniture Stores in the U.S.
9. New Car Dealers in the U.S.
10. Fast Food Restaurants in the U.S.
Your client has an extensive number of strengths (indeed, these are SCAs): A solid image, the top market share in the industry, excellent cash flow, and a very low long-term debt to equity ratio. Because your clientâ€™s company is renowned in the industry (which you have selected from the list above), the organization has also managed to attract â€“ and retain â€“ the most talented people working in the industry. Finally, the companyâ€™s approach to marketing is second to none.
While your client is clearly aware of its internal strengths, the organization is still unclear relative to whether the company should pursue a â€œGrowâ€ (a more aggressive) strategy, or a â€œHoldâ€ (a more passive) strategy. Your client has engaged you to do some research on the industry (use IBISWorld and other current publications in the library). In IBIS, be sure to review the sections: â€œIndustry Questionsâ€ and â€œIndustry Issuesâ€ in addition to other key information and industry data. Assess the opportunities and threats facing the company, and determine the relative attractiveness of the industry as a whole. Then using the GE/McKinsey Matrix, decide whether your client should pursue a â€œGrowâ€ or a â€œHoldâ€ strategy. Because you already know that your clientâ€™s business strength is â€œstrong,â€ your task is to determine the attractiveness of the industry/market.
After performing some research on the clientâ€™s industry using IBISWorld, write a 2-3 page memorandum to your client in which you discuss the key threats and opportunities in the industryâ€™s operating environment. Next, dependent on the attractiveness of the industry/ market, advise your client as to whether the company should pursue a â€œHoldâ€ or â€œGrowâ€ strategy. Finally, use the Model of Grand Strategy Clusters to recommend a grand strategy that your client should pursue. Be sure to justify your choice.
SLP Assignment Expectations
Your SLP assignment should be a minimum of 2-3 pages in length.
At a minimum, you should include the following section headings to organize the memo to your client:
2. Opportunities and Threats in the _______ Industry
3. The GE/McKinsey Matrix Applied to the ________ Industry
4. Model of Grand Strategy Clusters Applied to the _______ Industry
You are required to use APA formatting and you are required to cite and reference your sources.
Please be sure to review the assignment rubric prior to writing your assignment.