Purpose of the Assessment
The purpose of this assignment is to
a) test the student’s knowledge of the core concepts, models and frameworks taught in the module and relevant to the strategy process
b) allow the student to apply their learning in the module to date in a case study analysis and to present their findings in a high level report format
1. Using appropriate academic models and concepts identify GE’s core competences and capabilities and discuss their effectiveness in supporting the corporation’s success up to the date of the case. (30%)
2. Outline and discuss at least two strategic options for GE over the next five years from the date of the case, with a recommendation as to which you recommend. Your answer should draw on your earlier analysis. It may also include independent research on GE, commenting on GE’s current strategy. Applying suitable academic models such as Kaplan’s Balanced Scorecard show how strategy could be monitored and evaluated. (40%)
3. Drawing on sources such as Gary Hamel, compare and contrast Jeff Immelt’s management approach to his predecessor Jack Welch’s, and give your opinion as to which is more suitable for strategic leadership in today’s VUCA (volatile, uncertain, complex and ambiguous) world, and why? (30%)
Target word count 3,000 + or – 10% (excluding appendices)
The percentages above indicate the weighting given to each section.
You will be expected to read the case several times to make sure you understand the context, grasp the detail and then review the key elements using the core strategy models to go through the strategy process, drawing on evidence from the case to support and justify your views.
You should carry out further research on GE, however you must only use material drawn from credible sources such as: academic articles and texts; quality newspaper and business periodicals, e.g., the FT, The Economist and the official GE website. You should not use unreliable sources such as non-reviewed websites, e.g., Wikipedia.
The learning outcomes being addressed through this assignment are:
Knowledge and Understanding
a) Identify, critically appraise and select strategies for organisations operating within domestic and international contexts.
b) Critically evaluate strategies linked to responding to external environments (fit strategies) and contrast them to strategies linked to core competencies (stretch strategies).
c) Recognise, consider and address macro-economic trends in a changing world and their impact on business whilst evaluating competitive, organisational and ethical values.
Subject Specific Skills
d) Be able to apply the concepts of strategic planning to current organisations and conduct an environmental and competitor analysis of a given organisation or industry, including within an international or global marketplace.
e) Develop appropriate policies and strategies within a changing environment for a variety of organisations, to meet stakeholder interests.
f) Demonstrate key communication and time management skills.
h) Demonstrate critical thinking and creativity: engage the creative processes in self and others; organise thoughts, analyse, synthesise and critically appraise alternative strategies and choices.
Envision that you are the proprietor of an expert small time football group in Cookeville, TN, called the, "Cookeville Eagles." You are endeavoring to construct a superior income setting to make your group financially more grounded and to energize and advance better participation. Subsequently, you have chosen to converge with the Tennessee Titans and play half of your diversion in Cookeville (utilizing TTU's stadium) and the other half in Nashville, TN (utilizing the Titian's stadium). Remember, that your group is positioned in Cookeville, TN. The Titan's proprietor and a couple of individuals from their official board moved on from Tech and they want to give back as graduated class. Rundown the five best partners that you would include upon this new undertaking. Tennessee Titans athletic organization City of Nashville – fans Tennessee Tech University athletic organization Province of Tennessee – government Putnam County occupants Depict every partner's job, duty, and why they were chosen to be associated with this procedure. To begin with, the Tennessee Titans athletic organization would need to concur with the merger for the Cookeville Eagles to play at the stadium. Since a couple of individuals from the official board are Tennessee Tech graduates, they are pleased with the city of Cookeville and presumably need to see the city make strides. Blending stadium contracts has the capability of acquiring more fans for the Cookeville Eagles. It is the Titan's athletic organization's obligation to concur with the consolidating contract, as well as give some help to office administration, security, occasion staff, and patrons for the Cookeville Eagles despite the fact that the Cookeville Eagles' organization will have full duty of any official choices. The City of Nashville, especially the fans, are likewise on this undertaking. The objective of the merger is to elevate to the fans and increment the fan base. When playing at Nissan Stadium, Cookeville fans can head out to Nashville to watch the Cookeville Eagles. Be that as it may, when playing in Nashville, the encompassing fan construct can become based with respect to how the Eagles are elevated to the city of Nashville. The City of Nashville is likewise in charge of making good on for the government expense dollars at whatever point the stadium is being utilized. Hence, the fans that live in Nashville are to some degree put resources into the Cookeville Eagles. The fans situated in Nashville have a noteworthy job amid this procedure. Tennessee Tech University athletic organization is viewed as one of the best partners as a result of the office administration at TTU's stadium (Tucker Stadium). As the pioneers of Tucker Stadium, the office staff, occasion staff, and advertising staff are in charge of the wellbeing, prosperity, and limited time offers of the fan base. The athletic organization, which incorporates the leader of TTU, has a job in combining contracts because of Tucker Stadium being controlled by the college. The State of Tennessee, particularly the legislature, is additionally an essential partner in this circumstance. The job of the Tennessee state government in this merger has an inseparable tie to the charges. Since Tucker Stadium is possessed by Tennessee Tech and Tennessee Tech is openly claimed by the Tennessee government, the State of Tennessee has some monetary duty to the Cookeville Eagles group since half of their home amusements are played in Tucker Stadium. The last partner is the subjects of Putnam County. Like the city of Nashville fans, the subjects of Putnam County are influenced each time a home amusement is played in Cookeville. Movement amid recreations could influence the subjects of Cookeville particularly since the fan populace could increment in size from the merger. Nearby organizations are influenced by the merger since more fans might go to amusements. On the resistance, since a large portion of the home diversions are not situated in Cookeville, this could have a potential downside to the nearby organizations in light of the fact that the fans just go to half of the home amusements all through a season. The occupants of Putnam County would likewise need to head out further to go to a "home" amusement in Nashville which could be a central factor of not going to a diversion for the fans in Putnam County. The obligation of Putnam County occupants is bolster the Cookeville Eagles which might be troublesome when the Eagles play a home amusement in Nashville. Putnam County occupants are the most essential partner associated with the converging of stadiums since they are most of the fan base. As the proprietor of the "Cookeville Eagles" you should distinguish what kind of administration style you will execute to start this procedure. Accordingly, list the four sorts of normal authority styles that are utilized by game experts in the field of game administration. As a starting procedure, the sort of initiative I would bring as the proprietor of the Cookeville Eagles is despotic. The despotic pioneer has the last say, teaches the workers of their obligations, and holds representatives under close supervision (Lussier and Kimball, 2014, p. 376). Another sort of administration is majority rule which includes urging representatives to settle on their own choices, cooperating with workers, while not giving close supervision (Lussier and Kimball, 2014, p. 376). Free enterprise is a kind of administration that does not include much contribution to workers while the representatives settle on their own choices without the pioneer following up (Lussier and Kimball, 2014, p. 376). Participative style is the fourth regular kind of initiative. Under this administration, there is less bearing given to representatives since they are profoundly equipped for finishing assignments while given support from the participative pioneer (Lussier and Kimball, 2014, p. 389). Despite the fact that choices are frequently made between the pioneer and the worker, the participative pioneer once in a while manages (Lussier and Kimball, 2014, p. 389). The starting initiative style of owning the Cookeville Eagles for me is totalitarian so I can outwardly perceive how undertakings are performed to get a thought of hard working attitude of the organization. It is hard to begin a main job not utilizing your own choices. Along these lines, I would heed my gut feelings and basic leadership aptitudes at first. Over the long run and after things settle down, I would change the influential position to a participative style so the workers have a positive support to finish undertakings and settle on choices all alone. As the proprietor, what sort of authority style would you illustrate/join, with the partners, after setting out this new undertaking? Examine why you chosen this kind of authority style. I trust the law based administration style is the most gainful while teaming up with the partners. Empowering encompassing thoughts regarding choices permits assorted variety inside the association which enables the equitable pioneer to settle on choices while having a few alternatives. Rather than guiding representatives, as a majority rule pioneer, I would work intimately with the partners and keep a receptive outlook about circumstances. For instance, if the Cookeville Eagles chose to converge with Nissan Stadium and host half of the home recreations at both Tucker Stadium and Nissan Stadium, the conclusions of the partners recently made reference to would be emphatically considered before settling on ultimate choices. Clarify in detail what the SWOT investigation is and how it will influence both the Tennessee Titians and the Cookeville Eagles. BE SPECIFIC and VERY DETAILED with the SWOT examination for this inquiry. (Try not to avoid the four stages associated with the SWOT) A vital advance in the basic leadership of consolidating Tucker Stadium and Nissan Stadium is utilizing the SWOT examination. Qualities, shortcomings, openings, and dangers are incorporated into the investigation (Lussier and Kimball, 2014, p. 97). Surveying these four attributes of a technique are huge for the Titan's and the Eagle's condition inside and remotely (Lussier and Kimball, 2014, p. 97). While examining the qualities of the Titans-Eagles merger, one of them is basically multiplying the span of the fan base by utilizing two urban areas in view of the limited time and promoting plans of the Cookeville Eagles. Since Nashville is a huge metropolitan territory, the economy significantly profits by pro athletics. As per look into concentrated by Robert Wassmer, an educator in the Graduate Program in Public Policy and Administration at California State University, Sacremento, elite athletics scenes in downtown metropolitan regions give more noteworthy monetary advantages to a great extent populated regions. "I should close by praising Nelson on his acknowledgment from urban hypothesis and, from the observational proof offered by Baade, that the solid probability exists that an elite athletics setting found downtown offers more prominent financial advantages to a metropolitan region than completes one found somewhere else" (Wassmer, 2001, p. 270). Nashville and encompassing region would profit financially from a small time football group because of having two expert groups playing in a similar stadium. More fans going to the amusements mean an expansion in progress for nearby organizations. Wassmer concurs in a similar article, "Regardless of whether it is freely or secretly financed, a metropolitan zone gets similar advantages from a field or a stadium" (Wassmer, 2001, p. 267). Contradicting the qualities, shortcomings accompany each methodology. A standout amongst the most persuasive shortcomings on consolidating two stadiums is the neighborhood assess dollars. "Maybe most critical to the estimation of a proper multiplier is the about constantly disregarded certainty that neighborhood open dollars used to fund a stadium or field require an expansion in nearby duties or a decline in nearby consumption" (Wassmer, 2001, p. 267). Not just expanding nearby expense dollars, since Tucker Stadium is an element of the province of Tennessee, yet neighborhood Cookeville fans would need to head out to Nashville to watch a "home" amusement which may not premium the nearby fan much like expanding charge dollars. At whatever point there is a home>GET ANSWER