MGT 498 Week 3

Individual Assignment: Environmental Scan Paper

Write a 1,050 to 1,400-word paper in which you complete the following:

Research and describe the internal and external environments of 2 to 3 real-world companies using an environmental scan. (Please research a company other than your current or previous employers.)

Determine what competitive advantages each company has and what strategies each company is using.

How does each company create value and sustain competitive advantage through business strategy?

What measurement guidelines is each company using to verify its strategic effectiveness?

How effective are the measurement guidelines that each company is using?

Format your paper according to APA standards.

Reference the course text book as your primary source.

Learning Team Assignment: Learning Team Weekly Reflection

Discuss this weeks objectives with your team. Your discussion should include the topics you feel comfortable with, any topics you struggled with, and how the weekly topics relate to application in your field.

Prepare a 350 to 1,050 word paper detailing the findings of your discussion and post as a new thread in your learning team forum.

Week 3 DQs

What do we mean by a sustainability strategy? How do we determine what we want to sustain? Is it profits, competitiveness, the environment or what?

Define risk and how it affects the strategy planning process. In relation to innovation, sustainability, and the global market, how would you decide whether a risk is worth taking the chance on when to create a strategic plan? How do you identify risk? What measures should you use?

Based upon plan preparation, how would one assess the impacts of organizational strengths and weaknesses related to the development of long-term objectives?

Describe at least four sustainability strategies. Review the Virtual Organization Riordan Manufacturing, which can be accessed through this courses reading from University of Phoenix student Web site. Which sustainability strategies would be most appropriate for Riordan Manufacturing and why?

Assume that you are a risk adverse manager in an industry experiencing rapid technological innovations. Which of the generic strategies would you be inclined to favor to mitigate risk? Why?

How does your organization select generic and grand strategies?