Task: For the same organization you examined in your week 5paper above, complete an analysis of the key external factors that have implications for successful implementation of that organization’s strategy and goals/objectives. You will examine your organization’s industry and the competitive conditions affecting it now or likely to do so in the future. Submit your work in your assignment folder in the form of an approximate 2,500 word double-spaced APA formatted paper. The title page, abstract, reference list, and appendices are not included in this suggested word count.
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Perspective: Continue with the perspective of a management consultant who has expertise in all stages of the strategy development and implementation process.
Things to include in your analysis:
- A brief explanation of the industry (or industries) in which your organization operates.
- Use the structure-conduct-performance (S-C-P) model to help prepare a summary of the key characteristics of your industry. See Barney and Hesterly’s Figure 2.2 for a synopsis. You may also find this McKinsey & Company discussion, with an interactive component, a helpful resource: McKinsey and Company on the SCP framework. Those in the nonprofit and public sectors might find this application of the framework to higher education sector a useful example: Dynamics of the U.S. Higher Education Sector
- Analyze the current conditions in your organization’s industry and in its relevant general environment and their likely implications for successful implementation of your organization’s strategic goals and related actions.